Business News

Singapore Airlines takes full control of Tiger Airways

Eight Asian budget carriers form alliance to expand network

Value Alliance offers flights to more than 160 destinations.

May 16, 2016

By Jacob J

Singapore Technologies Eng. reports 15% fall in Q1 net profits

Earnings per share (EPS) dropped 15 percent compared with the same quarter a year ago, to 3.53 cents.

May 13, 2016

By Jacob J

Apple invests $1 billion in Didi Chuxing, Uber rival in China

The iPhone maker has been working on an autonomous vehicle and has hired hundreds of engineers.

May 13, 2016

By Jacob J

Olam International Q1 net profit surges more than 200 percent

Total revenues jumped 10.2 percent to $4.76 billion in the first quarter,

May 13, 2016

By Jacob J

Obama's Vietnam visit: Human rights, arms embargo and China strategy in play

The US has long said any move to ease the embargo further will depend on Hanoi's progress in human rights.

May 12, 2016

By Jacob J

Currency fluctuation, Trustwave buy drag Singtel profits

Singtel CEO Chua Sock Koong says company worked with its regional associates to navigate a shift from voice to data,

May 12, 2016

By Jacob J

Fullerton eyes S$300 million IPO to drive regional expansion

Fullerton Health shares will be priced in line with competitors IHH and RMG, according to sources.

May 11, 2016

By Jacob J

Noble Group looks to raise $2.5 billion to refinance debt

Noble Group agrees $3 billion in credit as share bloodbath continues – Report

The new funds will be used to refinance and combine two existing loans.

May 10, 2016

By Jacob J

Most Asian currencies fall on broad greenback rally; Ringgit, Singdollar drop sharper

The ringgit is down 2.4% and the Singapore currency has fallen 1.3% on the week.

May 7, 2016

By Boby Michael

Chinese group HNA 'in talks' to buy controlling stake in Singapore's CWT

Sources familiar with the deal told the agency the deal could be announced as early as next week.

May 7, 2016

By Jacob J

Ranbaxy ex-promoters fined Rs 2,500 cr by Japanese pharma company for concealing facts

Singapore court fines former Ranbaxy promoters $400 mln for hiding facts in Daiichi deal

Court says Malvinder Singh and Shivinder Singh concealed facts leading to losses for Daiichi Sankyo.

May 6, 2016

By Samhati Bhattacharjya

SingPost audit showing lapses by Keith Tay may trigger regulatory probe

Singapore Exchange also said disciplinary action will be taken if any breaches of the listing rules are found.

May 5, 2016

By Jacob J

China and Japan will see slower growth in next two years, says IMF

In Southeast Asia, Vietnam is leading the fast-growing economies in the region, helped by rapidly growing exports.

May 3, 2016

By Jacob J

Singapore's DBS among banks in bid to buy Barclays' Asian wealth unit

DBS Q1 net profit rises 6% to $1.2 billion; gross income hits new high

According to six analysts polled by Bloomberg the average first quarter profit forecast was $1.04 billion.

May 3, 2016

By Jacob J

Halliburton to pay Baker Hughes $3.5 bln as merger deal unravels

There were concerns the merger have create a monopoly that would result in higher prices in the sector.

May 2, 2016

By Jacob J

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