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Singapore Exchange quarterly profit rises 9% on higher listings

Singapore Exchange's first-quarter net profit rose 9 percent on Wednesday, powered by higher listings and increased revenue from equities and fixed income.

Oct 25, 2017

By Aastha Agnihotri

MindChamps inks deal with China First, Hillhouse ahead of IPO

MindChamps Preschool on Wednesday signed agreements with investment firms China First Capital Group and Hillhouse Capital ahead of its planned initial public offering (IPO) on the mainboard of the Singapore Exchange.

Oct 25, 2017

By Aastha Agnihotri

Indian banks rally on record $32 bln capital injection

India's state-run banks surged between 20 percent to 35 percent on Wednesday after the government pledged to inject record 2.11 trillion rupees ($32 billion) of capital into the lenders to revive credit growth.

Oct 25, 2017

By Aastha Agnihotri

5 things you need to know about Infosys results

Infosys, India's second largest software services company by revenue, reported its September quarter results on Tuesday.

Oct 25, 2017

By Aastha Agnihotri

Changi Airport conducts dress rehearsal ahead of Terminal 4 opening

Changi Airport Group (CAG) said it conducted its full dress rehearsal for Terminal 4 as it prepared to commence operations at the terminal on October 31.

Oct 25, 2017

By Aastha Agnihotri

Frasers Centrepoint Trust Q4 DPU rises 5.5%

Frasers Centrepoint Trust, a real estate investment trust, on Wednesday reported a 5.5 percent in fourth-quarter distribution per unit.

Oct 25, 2017

By Aastha Agnihotri

Mapletree Industrial forms JV to buy data centers worth S$1 bln

Mapletree Industrial Trust (MIT) on Tuesday formed a joint venture with Mapletree Investments to buy a portfolio of 14 data centres located in the U.S. for US$750 million (about S$1 billion).

Oct 24, 2017

By Aastha Agnihotri

Keppel Logistics eyes online growth via UrbanFox launch

Keppel Logistics on Tuesday launched an integrated logistics brand called UrbanFox to tap the growing popularity of e-commerce.

Oct 24, 2017

By Aastha Agnihotri

Marco Polo Marine requests haircut from bondholders to settle debt

Integrated shipping company Marco Polo Marine is seeking noteholders' approval to take a haircut and waive key obligations for a S$50 million series of 5.75 percent notes due 2016.

Oct 24, 2017

By Aastha Agnihotri

Insurer Great Eastern Holdings Q3 profit rises

Life insurance company Great Eastern Holdings on Tuesday reported a 21 percent jump in third-quarter net profit.

Oct 24, 2017

By Aastha Agnihotri

A man walks past a Singapore Airlines signage at Changi Airport in Singapore

Singapore Airlines signs $13.8 bln deal with Boeing

Singapore Airlines on Tuesday formally agreed to a previously announced deal with Boeing for the purchase of its 39 aircraft worth $13.8 billion during a White House event with Singapore's prime minister.

Oct 24, 2017

By Aastha Agnihotri

Ascott in tie-up with Tujia, targets 2,000 units in China

Ascott Residence quarterly DPU slips, shares drop

Ascott Residence Trust, a serviced residence real estate investment trust, on Tuesday reported a 28 percent drop in third-quarter distribution per unit.

Oct 24, 2017

By Aastha Agnihotri