Business
Lendlease Reit acquires remaining 70% of PLQ Mall for S$246.8 million
Deal will be financed by proposed private placement of units priced at S$0.597 to S$0.616 each The manager of Lendlease Global Commercial…
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Business
Yangzijiang Shipbuilding tumbles 5% after BlackRock sells 37.8 million shares
Shares of Yangzijiang Shipbuilding fell as much as 5 per cent on Wednesday (Nov 5) after asset manager BlackRock ceased to be a…
Business
Yangzijiang Shipbuilding falls 2.9% after BlackRock sells 37.8 million shares
Shares of Yangzijiang Shipbuilding fell as much as 5 per cent on Wednesday (Nov 5) after asset manager BlackRock ceased to be a…
Business
SIA Engineering net profit up 13.5% to S$40.4 million for Q2 of FY2026
SIA Engineering had a 13.5 per cent improvement in net profit to S$40.4 million for the quarter ended September, as the increase in…
Business
SIA Engineering Q2 net profit up 13.5% at S$40.4 million
Its rise in revenue outpaced that of its rise in expenditure; contributions from associated and joint-venture companies also increased SIA…
Business
UltraGreen.ai starts pre-marketing of over S$300 million Singapore IPO: sources
The planned share sale would add momentum to Republic’s efforts to attract high-growth companies and boost its capital markets…
News
Samsung hit with US$191.4 million US jury verdict in OLED patent trial, plans appeal
SAMSUNG Electronics owes patent owner Pictiva Displays US$191.4 million in damages for infringing two US patents covering organic…
Business
Grab reports Q3 earnings of US$17 million on positive operating profit
Operating profit rises to US$27 million in Q3 2025 from a loss of US$38 million in Q3 2024 Ride-hailing giant Grab posted earnings of…
Business
Grab reports Q3 earnings of US$37 million on positive operating profit
Operating profit rises to US$27 million in the quarter from a loss of US$38 million the previous year Ride-hailing giant Grab posted Q3…
Business
Restaurant chain Denny’s to be taken private in US$620 million deal
The deal marks the latest in a wave of private equity buyouts of restaurant chains in recent years RESTAURANT chain Denny’s announced on…
Business
NetLink Trust posts 10.2% drop in H1 profit to S$43.5 million on higher depreciation
Fibre network provider NetLink NBN Trust on Monday (Nov 3) posted a 10.2 per cent drop in net profit to S$43.5 million for the half-year…
Business
Wee Hur selling Adelaide student accommodation property for S$14.2 million
The buyer is Grenfell Trust, an indirect 90.48 per cent owned sub-trust of Wee Hur PBSA Fund III A Wee Hur Holdings announced that its 80…
Business
Seatrium to sell ship-owning unit to Brazilian vessel operator for US$59.7 million
This is in line with its strategy of divesting non-core assets to enhance capital and operational efficiencies Seatrium is selling its…
Business
Jardine Matheson paying out US$250 million to shareholders via share buybacks
Move follows sale of MCL Land and plan to delist Mandarin Oriental; shares up in early trading London-listed conglomerate Jardine Matheson…
Business
Aravest, Wee Hur complete S$160 million purchase of former Hotel Miramar Singapore
Price works out to S$465,100 per room; property to be rebranded DoubleTree by Hilton after renovation Wee Hur has taken a stake in a new…
Business
AirAsia plans up to US$600 million bond to cut borrowing cost: sources
The Malaysian budget carrier operator is targeting a coupon rate of below 10% for the proposed note AirAsia Aviation Group plans to raise…
Business
Wilmar posts US$347 million Q3 loss on 11.9 trillion rupiah graft penalty; core profit jumps 71%
Revenue is up 7.4% at US$19 billion; all sectors enjoyed stronger operational results Singapore-based agribusiness group Wilmar…
Business
Wilmar posts US$347.7 million Q3 loss on 11.9 trillion rupiah graft penalty; core profit jumps 71%
Revenue is up 7.4% at US$19.1 billion; all sectors enjoy stronger operational results Singapore-based agribusiness group Wilmar…
Business
Sheng Siong reports 12% increase in Q3 earnings to S$43.7 million
Revenue is up 14.4% for period, mainly driven by an increase in the number of stores Sheng Siong reported a 11.9 per cent increase in…
Business
Prudential Q3 new business profit rises 14% to US$705 million; regional CEO leaves
Prudential on Thursday (Oct 30) posted a 13 per cent year-on-year rise in “new business profit” (NBP) for its third quarter ended Sep 30.…
Business
Mapletree Industrial Trust to divest up to S$600 million of assets over next two years
The manager of Mapletree Industrial Trust (MIT) plans to divest between S$500 million and S$600 million worth of assets over the next two…
Business
CDL Hospitality Trusts Q3 NPI falls 5.6% to S$34.3 million
Net property income (NPI) for CDL Hospitality Trusts (CDLHT) fell 5.6 per cent to S$34.3 million for the third quarter ended Sep 30, from…
Business
CapitaLand China Trust’s Q3 net property income down 8.5% at 273.5 million yuan
CapitaLand China Trust posted net property income (NPI) of 273.5 million yuan (S$50 million) for its third quarter ended Sep 30, down 8.5…
Business
Far East Hospitality Trust Q3 net property income declines 1% to S$25.9 million
The managers of FEHT maintain a moderate outlook for the stapled trust given the competitive environment Far East Hospitality Trust (FEHT)…