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Sakae warns of fiscal 2019 loss on S$3.2m impairment charge, Companies & Markets

Sakae warns of fiscal 2019 loss on S$3.2m impairment charge, Companies & Markets

Fri, Aug 23, 2019 – 8:13 AM SAKAE Holdings expects to record a loss for the financial year ended June 30, largely from a goodwill impairment of S$3.2 million in connection with its purchase of…

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Frasers Property to redeem S$600m 4.88% perpetual bonds on Sept 24, Companies & Markets

Frasers Property to redeem S$600m 4.88% perpetual bonds on Sept 24, Companies & Markets

Fri, Aug 23, 2019 – 9:01 AM FRASERS Property said on Friday that it is redeeming S$600 million of 4.88 per cent subordinated perpetual bonds issued in 2014 that were also the biggest sale that…

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China plays fast catch-up with the global ESG wave, Opinion

China plays fast catch-up with the global ESG wave, Opinion

Fri, Aug 23, 2019 – 5:50 AM THE environmental, social and governance (ESG) movement has swept the globe, being transformed from a luxury toy of the ethically engaged to a pillar of mainstream investment practice.…

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US$3.7m claim against unit to hit Baker Tech’s profitability, Companies & Markets

US$3.7m claim against unit to hit Baker Tech’s profitability, Companies & Markets

Fri, Aug 23, 2019 – 8:23 AM OILFIELD services provider Baker Technology on Friday said that a claim of about US$3.7 million against its subsidiary, CH Offshore, will have a material impact on the company’s cash…

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UOB expands in Vietnam with Hanoi branch, Companies & Markets

UOB expands in Vietnam with Hanoi branch, Companies & Markets

At the official opening of UOB Hanoi branch are (from left) Jason Yeo, branch director, UOB Hanoi Branch, UOB; Vu Van Chung, deputy director, Foreign Investment Agency; Nguyen Minh Tuan, director, State Bank of Vietnam…

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Boustead unit wins S$100m energy contract in Europe, Companies & Markets

Boustead unit wins S$100m energy contract in Europe, Companies & Markets

Singapore BOUSTEAD Singapore’s subsidiary, Boustead International Heaters (BIH), has secured a contract worth about S$100 million from the oil & gas (O&G) industries.  The contract involves the design, engineering and supply of waste heat recovery units for…

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BT journalist Marissa Lee wins SGX Orb Award, Companies & Markets

BT journalist Marissa Lee wins SGX Orb Award, Companies & Markets

Singapore A JOURNALIST with The Business Times was among the winners in the second edition of the SGX (Singapore Exchange) Orb Awards, which honour efforts at delivering broader, deeper coverage of financial news. Marissa Lee…

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Soilbuild Reit to issue new units to fund Australia property buy, Companies & Markets

Soilbuild Reit to issue new units to fund Australia property buy, Companies & Markets

Singapore SOILBUILD Business Space Reit (Soilbuild Reit) has launched a fully underwritten non-renounceable preferential offering to raise about S$101.8 million to fund an Australia property acquisition. The Reit (real estate investment trust) will issue about…

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SMEs going global open door for banks to grow corporate credit cards, Banking & Finance

SMEs going global open door for banks to grow corporate credit cards, Banking & Finance

Fri, Aug 23, 2019 – 5:50 AM Singapore AS LOCAL small and medium-sized enterprises (SMEs) venture overseas, the travel and spending habits of SME towkays have caught the eye of several banks here. A survey…

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JLC law firm downsizes after managing partner Jeffrey Ong’s scandal, Companies & Markets

JLC law firm downsizes after managing partner Jeffrey Ong’s scandal, Companies & Markets

Singapore WITH its managing partner Jeffrey Ong Su Aun still remanded in custody, JLC Advisors has shrunk, following the revelation that Catalist-listed precision engineering firm Allied Technologies’ S$33 million held in escrow by the law…

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