SINGAPORE (Dec 14): Recent moves by China, Malaysia and Indonesia to stem capital outflows from each of their respective country is a timely reminder that the free flow of capital across borders should not be taken for granted, says UOB Kay Hian.

And although no country in the region ha...

Strategy: Are foreign capital controls any good for Singapore's local developers?

SINGAPORE (July 27): Credit Suisse is “negative” on the office REIT segment amid the decline in office rents.

It expects news flow on office REITs could continue to deteriorate as the year approaches 2016.

The research house maintains its “underperform” rating for Suntec REIT ...

Office REIT gets a ‘negative’ from Credit Suisse amid rent decline

SINAGAPORE (July 23): Nine China-linked Real Estate Investment Trusts (REITs) listed on Singapore Exchange average total returns of 5.3% in the year to date, according to a market update on SGX’s My Gateway portal.

Of the nine, the five best performers are Starhill Global REIT, Mapletre...

China-linked REITs average total returns of 5% year to date: SGX

SINGAPORE (April 10): Oil prices will enter into a “semi-permanent lower range” of US$50 to US$70 a barrel for the next three years and could follow a W-shaped path within this band, making it harder for oil companies to plan investments and budgets, according to CIMB.

“Oil price volati...

Oil prices to hover at US$50-US$70 for next three years: CIMB

SINGAPORE (April 8): China's water treatment sector, which has been consolidating since 2010, has room for more mergers and acquisitions as it is still highly fragmented, with the market leader having only a 4% share, says Maybank Kim Eng.

The top 10 water companies in China, led by Bei...

SGX water firms to gain as China's water treatment sector consolidates: Maybank

SINGAPORE (March 27): There is room to ease some property cooling measures in Singapore this year now that home prices, property speculation and interest from foreigners have come off and interest rates are starting to rise, says Maybank Kim Eng.

"Four key metrics for the government – h...

Some property cooling measures may be tweaked this year: Maybank Kim Eng

SINGAPORE (March 26): Visitor-arrivals to Singapore from Indonesia, the city-state's biggest source of tourists, are likely to decline significantly this year, further dampening prospects for the hospitality industry, which is already at risk of ending up with more hotel rooms than the market nee...

Fewer tourists from Indonesia will further dampen hospitality scene: DBS Vickers

SINGAPORE (March 26): More Singapore-listed property developers may choose to delist as they struggle to sell completed homes amid an increasingly tough housing market, says Maybank Kim Eng.

Popular Holdings and Keppel Land received takeover offers from their controlling shareholders in...

More Singapore developers may be taken private: Maybank Kim Eng

SINGAPORE (March 25): Dry bulk freight rates could pick up in 2H2015 but it will still be a while before the dry bulk shipping industry gets back on its feet, according to Goldman Sachs analyst Ronald Keung.

"We see slowing iron ore imports into China as the single biggest reason for we...

Weakness in dry bulk shipping to last a couple more years: Goldman Sachs

SINGAPORE (March 10): Profit margins for Singapore telcos' broadband business should start picking up as competition is becoming "more rational" with Internet service providers no longer banking on price to grab market share, according to OCBC Investment Research.

"Instead, more are sta...

Telcos' broadband business seen improving but rate hikes may erode appeal: OCBC

SINGAPORE (March 10): Expect more earnings downgrades for Singapore-listed offshore and marine companies as oil majors are still cutting spending despite the recent rebound in oil prices, says Maybank Kim Eng.

"Oil's recent bounce did not trigger an equivalent rebound in stock prices. T...

Expect more earnings cuts for offshore and marine firms: Maybank Kim Eng

SINGAPORE (March 5): Property developers in Singapore will likely have to incur more impairment charges this year as home prices continue to fall, although the impact on their shares may be limited as the expected write-downs have already been priced in, according to Deutsche Bank.

"As ...

More write-downs for Singapore developers expected in 2015: Deutsche Bank 

SINGAPORE (Feb 24): Competition in Singapore's mobile market is benign, and the current three operators see little need to "disrupt the market", although things could change as the industry regulator is looking at issuing a forth mobile licence, according to Deutsche Bank.

"Singapore’s ...

Singapore telcos have little need to 'disrupt the market', says Deutsche Bank

SINGAPORE (Feb 23): Loan growth for the three Singapore banks is expected to be tepid this year, after having increased 5.8% in 2014 following four years of double-digit expansion, says Maybank Kim Eng.

"We expect housing loan demand to stay listless this year, weighed down by a still-s...

Singapore banks' 2015 loan growth seen tepid, says Maybank Kim Eng

China passed a law on Friday strengthening its trade defence capabilities as the US and the European Union take aim at Beijing over excess industrial capacity.

China passes tariff law amid tensions with trading partners

FRANKFURT/BERLIN/PRAGUE (April 26): Thyssenkrupp will sell a 20% stake in its steel business to the energy holding controlled by Czech billionaire Daniel Kretinsky, a major breakthrough for the German conglomerate after years of unsuccessful attempts to divest the unit.

Thyssenkrupp sells stake in steel unit to Czech billionaire Kretinsky

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

BCorp, Capital A, AAX, YNH, Sam Engineering, Turiya, Gadang, Microlink, Nestle, Wiradani, D&O, Homeritz, Unisem

(April 26): HSBC Holdings Plc successfully fought off a London court claim brought by a group of investors in a £1.3 billion (US$1.6 billion) lawsuit over tax breaks linked to Walt Disney Co film financing.

HSBC wins £1.3 bil suit over Disney film finance scandal

KUB Malaysia Bhd has extended the deadline for its mandatory general offer for Central Cables Bhd (CCB) a second time to May 20 from April 30, according to its latest filing on Bursa Malaysia.

KUB extends deadline for CCB MGO a second time

EVENING 5: Five things you need to know today

KUALA LUMPUR (April 26): KPJ Healthcare Bhd, through its premier educational institution KPJ Healthcare University (KPJU), has entered into a memorandum of understanding (MOU) on Friday with Trusx Malaysia Sdn Bhd (Trustr), a global digital health organisation, as an initiative to revolutionise healthcare.

KPJ Healthcare, Trusx Malaysia collaborate for AI-driven healthcare solutions

Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over US$2 trillion (RM9.5 trillion), while an in-line inflation reading calmed interest rate jitters.

Wall Street rises as Big Tech charges higher

In today’s edition of Evening 5: 00:00 Merger of airlines enough to reverse negative equity - Fernandes 02:16 Govt set to unveil second 5G network next week  03:26 Unisem’s 1Q hit by margins, forex 04:30 Berjaya Corp denies Forest City casino talks   05:30 Homeritz’s 2Q earnings spike on stronger greenback

EVENING 5: Merger of airlines enough to reverse negative equity - Fernandes

A weekly round-up of tanker and dry bulk market (April 26, 2024)

Baltic Exchange shipping updates: April 26, 2024

The Inland Revenue Board (IRB) on Friday announced that the deadline for taxpayers to submit Form E and CP8D has been extended to May 31.

Deadline to submit Form E, CP8D extended to May 31, says IRB

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

Berjaya Corp&nbsp;Bhd (BCorp) has denied that its founder Tan Sri&nbsp;Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion)&nbsp;Forest City casino resort as reported recently.

Berjaya Corp denies participation in talks to revive Forest City casino resort

The corporate exercise to merge the AirAsia airline businesses under AirAsia X Bhd (AAX) is apparently sufficient to offset all of the RM8.7 billion negative equity in Capital A Bhd, according to chief executive officer Tan Sri Tony Fernandes.

Merger of airlines alone enough to reverse all of Capital A's negative equity, says Fernandes

Analysts believe Capital A Bhd's proposed restructuring plan will help the group exit the Practice Note 17 (PN17) status and enhance its competitiveness, as well as provide benefits to AirAsia X Bhd's (AAX) shareholders in terms of free warrants and improved company valuation post restructuring.

Analysts positive restructuring plan will uplift Capital A's PN17 status, benefit AirAsia X shareholders

Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.

Mohan Swami, partner agree to buy 58% of Turiya for RM52.86m from MAA Group

Malayan Banking Bhd (Maybank) has obtained a summary judgement at the High Court here against ACE Credit (M) Sdn Bhd, ACE Corporation (M) Sdn Bhd, and the company directors Datuk Choong Chee Meng and Chang Ai Nee, for defaulting on a RM46.47 million loan given to them by the bank.

Maybank obtains summary judgement against ACE Corporation, three others for RM46m loan default

Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.

Asia’s richest banker loses US$1.2 bil after RBI ban

KUALA LUMPUR (April 26): Gamuda Land, the property arm of Gamuda Bhd, has unveiled partners for Gardens Square, the latest commercial development at the 810-acre Gamuda Gardens in Sungai Buloh.

Gamuda Land announces retail partners for upcoming commercial development in Gamuda Gardens

The Employees Provident Fund (EPF) has emerged as the second largest shareholder of aero-engine components manufacturer Sam Engineering &amp; Equipment (M) Bhd, after Singapore's sovereign wealth fund Temasek Holdings Pte Ltd.

EPF emerges as second largest shareholder of Sam Engineering

Prime Minister Datuk Seri Anwar Ibrahim on Friday suggested all parties mentioned in a recent report&nbsp;alleging that the government is planning to issue&nbsp;a licence for a casino in&nbsp;Forest City, Johor, to take necessary action&nbsp;against the foreign news agency.

Anwar wants action taken against Forest City casino licence news report

The country’s&nbsp;fifth-generation (5G) network&nbsp;adoption rate has reached nearly 36% as of mid-April, while the service coverage rate stood at 80.3% in February.

Fahmi: 5G adoption rate almost 36%, coverage 80.3%, second network unveiling next week

Shares of AirAsia X Bhd (AAX) rose to a six-month high as investors cheered a restructuring plan that would make the company the largest low-cost carrier in Southeast Asia.

AirAsia X logs best day in six months on Capital A restructuring

YNH Property Bhd (YNH) issued a clarification to bondholders via Malaysian Trustee Bhd on the technical default of its Islamic notes, as well as the status of its mall sale and the appointment of a new auditor.

YNH says it has remedied 'technical default' involving sukuk programme

Nestle (Malaysia) Bhd is slated to raise prices for 22 of its products starting July 1, according to the Federation of Sundry Goods Merchants Associations of Malaysia (FSGMAM).

Nestle Malaysia to adjust prices of 22 products starting July 1

MYAirline Sdn Bhd will continue to retain its nominated post holders as well as key personnel, while ensuring that its air operator’s certificate (AOC) documentation remains as current as possible.

MYAirline seeking multiple investors, to retain nominated post holders

Gadang Holdings Bhd has secured a RM280 million contract to design and develop the Klang Valley Data Centre&nbsp;Block 2 in Cyberjaya from TM Technology Services Sdn Bhd, a business entity of Telekom Malaysia Bhd.

Gadang wins RM280 mil Klang Valley data centre jobs from TM Technology

The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.

World’s billionaires should pay minimum 2% wealth tax, say G20 ministers

Pavilion Real Estate Investment Trust rose to its highest in more than a month&nbsp;after the release of its first-quarter results, while analysts expect the REIT, which mainly manages shopping malls, to benefit further from higher tourist arrivals.

Pavilion REIT climbs over one-month high, analysts say earnings growth on track

The Malaysian Anti-Corruption Commission (MACC) has given businessmen Mirzan Mahathir and Tan Sri Mokhzani Mahathir a 30-day extension from Friday to declare their assets to the anti-graft body.

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