Singapore
Point of no return: Frasers Centrepoint clinches 56.8% of Australand shares in $2.4b takeover bid
The offer has turned unconditional yesterday.
Still in the red: Neptune Orient Lines loses $190 million in 2Q
No likely turnaround in sight.
So long, old shop: Shophouse prices plunge 23% as stingy retailers exit
A drastic price mismatch is ailing the niche market.
Hotel Prop tumbles down with 81% less profits in 2Q
Revenue dipped as well.
Noble Group profits up 110% in 1H14
Despite drag from its MMO business.
CWT Limited reaps 64% more profits in 2Q
Revenue increased a stellar 114%.
Chart of the day: See the stunning 81% plunge in the sales volume of retail properties for 1H14
It’s the lowest transaction volume since 2009.
Daily Briefing: Social housing developer EcoHouse closes Singapore office; Get free all-day local mobile data on National Day
Meet the Singaporean who’s kickstarting Australia’s space industry.
Daily Markets Briefing: STI down 0.2%
Don’t expect good news today.
Stratech Systems names Sandra Yow as CFO
She has 14 years of audit and financial consultancy experience.
Chua Tiong Wei quits as XMH Holdings executive director
He intended to pursue personal interest.
Grand Banks Yachts names Mark Jonathon Richards as CEO
His appointment follows the acquisition by the company of the Palm Beach Motor Yacht Co, where he was the managing director.
Singapore’s income inequality declined in the past five years: MOF
But low income citizens still battle rising living costs.
Samudra Energy withdraws Singapore IPO on fears of market volatility
It could have raised as much as S$276 million.
Way to go: OCBC's first-half results slammed forecasts with 38% profit jump
Thanks to strong rebound in MTM gains.
Chicken Rice and a bad taste in the mouth
As you sit down to eat your Chicken Rice today you may be complaining about how much food prices have increased and, having heard how much money agricultural companies are currently making, this may leave a bad taste in your mouth.
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