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Will Far East Hospitality Trust's business pick up after a slow 1H19?
SINGAPORE (July 31): Sentosa Island, playground for Singapore's rich and famous with its luxury resorts, Michellin-starred restaurants and multmillion-dollar condos, saw the official launch of two new hotels – The Village Hotel and The Outpost Hotel
July 31, 2019
Results
Hi-P Int posts 5.7% increase in 1Q earnings to $10.7 mil
SINGAPORE (May 2): Hi-P International announced 1Q19 earnings increased by 5.7% to $10.7 million, compared to $10.1 million in 1Q18.
May 02, 2019
Results
UOI 1Q earnings more than double to $11.4 mil
SINGAPORE (Apr 18): United Overseas Insurance (UOI), the insurance arm of United Overseas Bank (UOB), reported 1Q19 earnings increased 153% to $11.4 million, compared to $4.5 million in 1Q18.
April 18, 2019
In print this week
Billion-dollar start-up refuses to be labelled as 'unicorn'
SINGAPORE (Mar 8): Entrepreneur Ankiti Bose is uncomfortable with her start-up being described as a “unicorn”. Reports of her e-commerce service and solutions platform, Zilingo, being worth almost US$1 billion ($1.35 billion) is, for her, a distractio
March 08, 2019
SIngapore energy market
Energy Market Company launches electricity procurement portal for businesses
SINGAPORE (Nov 14): Energy Market Company (EMC), a wholly-owned subsidiary of Singapore Exchange (SGX), has developed a new online portal that helps businesses purchase electricity efficiently.
November 14, 2018
More losses for Chinese stocks as volatility rises
SINGAPORE (Oct 22): Volatility appears to be the theme of the day in global stock markets. Investors are noticeably jittery, following a bruising couple of weeks, although a steadier Wall Street has allayed the worst of fears, for now.
October 19, 2018
Results
King Wan's 4Q losses widen to $5.36 mil
SINGAPORE (May 30): King Wan Corporation, the provider of mechanical and engineering (M&E) services, reported 4Q18 earnings plunged to $0.28 million from $5.36 million in 4Q17, due to lower gross profits and share of profit from its investment in a Singap
May 30, 2018
M&A
Sembcorp Industries to divest 60% stake in paper recycling subsidiary for $6 mil
SINGAPORE (May 21): Sembcorp Industries announced that its wholly-owned subsidiary will be divesting its 60% stake in Sembcorp Tay Paper Recycling to Tay Paper Resources for $6.0 million.
May 21, 2018
Results
Elec & Eltek 1Q earnings drop 18.9% to $9.69 mil
SINGAPORE (May 11): Elec & Eltek reported 1Q18 earnings fell 18.9% to US$7.23 million ($9.69 million) from US$8.91 million in 1Q17.
May 11, 2018
Results
PEC posts 59% drop in 3Q earnings to $1.27 million
SINGAPORE (May 10): PEC reported third quarter earnings dropped 59% to $1.27 million in 3Q18 from $3.10 million in 3Q17.
May 10, 2018