Latest Business News
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SingTel shareholders support setting aside S$2.45m for directors' fees
ChannelNewsasia.com - 14 hrs 57 mins ago
SingTel's shareholders have given their overwhelming support to a proposal by the telco to set aside S$2.45 million for directors' fees, up S$200,000 from the...
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Hwa Hong posts net profit of S$40.7m for its fiscal second quarter
ChannelNewsasia.com - 16 hrs 5 mins ago
Hwa Hong has posted a net profit of S$40.7 million for its fiscal second quarter, up 167 per cent from the year-ago period.
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Introduction of metals futures on SGX set to boost interest in metals...
ChannelNewsasia.com - 16 hrs 18 mins ago
The introduction of metals futures on the Singapore Exchange is set to boost interest in metals trading in Asia and it will also likely position Singapore...
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Pacific Shipping Trust announces changes to its board of directors
ChannelNewsasia.com - 17 hrs 35 mins ago
Mr Lim Ah Doo and Mr Esben Poulsson will be joining the board to take the places of Mr Philip Lee Soo Hoon and Mr David Chin Soon Siong.
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CEO of Lion Global Investors, Daniel Chan, resigns
ChannelNewsasia.com - 17 hrs 38 mins ago
Lion Global Investors said its CEO Daniel Chan has resigned to devote more time to his family and other personal interests.
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Jardine Cycle & Cycle posts profit of US$358m for 1st half of fiscal...
ChannelNewsasia.com - 17 hrs 43 mins ago
Jardine Cycle & Carriage has posted a profit of US$358 million for the first half of the fiscal year. This is a 70 per cent increase on year.
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Singapore Airlines to introduce electronic magazines
ChannelNewsasia.com - 18 hrs 30 mins ago
The carrier said it had engaged SmarttPapers Aviation Ltd to convert three magazines -- SilverKris, KrisShop and KrisWorld -- into digital format and integrate...
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SMRT's net profit drops 21% in Q1
ChannelNewsasia.com - 18 hrs 36 mins ago
Transport operator SMRT's first quarter net profit fell 21 per cent on-year to S$38.2 million, due mainly to lower operating profits. Its revenue, however,...
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SIA divests its 50% stake in SQC to TUV SUD PSB
ChannelNewsasia.com - 18 hrs 56 mins ago
Singapore Airlines (SIA) has divested its 50 per cent stake in Service Quality Centre (SQC) to product testing, inspection and certification services provider...
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Huan Hsin divesting 30% stake in IHHZ to Inventic Corporation
ChannelNewsasia.com - 19 hrs 46 mins ago
Huan Hsin Holdings is divesting its 30 per cent stake in Inventec Huan Hsin (Zhejiang) Technology, or IHHZ, to Inventic Corporation. Inventic will pay Huan...
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Manpower Minister optimistic of more jobs for S'poreans in 2010
ChannelNewsasia.com - 21 hrs 19 mins ago
He said the services sector remains the main source of job growth, fueled by the two integrated resorts, new hotels and shopping malls in the heartlands, and...
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Khazanah releases electronic copy of offer document for Parkway...
ChannelNewsasia.com - 22 hrs 1 min ago
It says it has made a number of significant investments in the healthcare industry and currently owns a diverse portf
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Asia stocks slip on U.S. worries
REUTERS - 22 hrs 27 mins ago
HONG KONG (Reuters) - Asian stocks sagged on Friday as worries U.S. growth data may surprise on the downside and downbeat comments from a Federal Reserve...
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Manufacturing, service sectors' sentiment remain positive: EDB, DOS
ChannelNewsasia.com - 1 day 15 mins ago
EDB's latest business sentiment survey showed a weighted 25% of manufacturers expect business conditions to improve. Businesses in the services sector are also...
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Singapore employment up in Q2
ChannelNewsasia.com - 1 day 3 hrs 12 mins ago
Employment continued to rise from 2009 and was up by 26,500 in Q2 2010 with significantly fewer workers made redundant, although unemployment was up slightly...
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DBS reports loss of $300m in Q2
ChannelNewsasia.com - 1 day 5 hrs 10 mins ago
Southeast Asia's biggest bank DBS has unexpectedly reported a loss of S$300 million for its second quarter. This was due to a goodwill impairment charge of S$1...
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Creativity key in dealing with complex business environment: study
ChannelNewsasia.com - 1 day 14 hrs 45 mins ago
Creativity and people skills feature prominently on the agendas of chief executives in ASEAN, according to a recent study conducted by IBM.
