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Friday, December 14, 2018

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  • Google, Escap venture formed December 14, 2018
    Google and the UN Economic and Social Commission for Asia and Pacific (Escap) signed a memorandum of understating for a joint research network on artificial intelligence (AI) in Asia-Pacific.
  • AI becoming more accepted in industry December 14, 2018
    Artificial intelligence (AI) is gaining momentum in the business sector, expected to drive economic growth soon.
  • As mall hype mounts, some question pace December 14, 2018
    The opening of the 54-billion-baht Iconsiam along the Chao Phraya River in southeastern Bangkok was quite the spectacle. In November, the mall spent a whopping 1 billion baht on its grand opening, with a thousand-drone choreographed light show along with world-class ballerinas and copious fireworks.
  • Northeast to get boost in tourism December 13, 2018
    The government has vowed to promote culture and the local way of life in the upper Northeast in a bid to draw more tourists into the region.
  • Court fines mining firm B15m December 13, 2018
    The Loei Provincial Court on Thursday ordered Tungkum, a gold mining company, to pay about 15 million baht in compensation to families affected by its mining activities.
  • Tech constraints may delay ICO portal to start of 2019 December 13, 2018
    The approval of the first initial coin offering (ICO) portal in Thailand may be delayed until the beginning of next year because the technological system is not ready yet, says the Securities and Exchange Commission (SEC).
  • FPO proposes debt test to screen welfare smartcard recipients December 13, 2018
    The Fiscal Policy Office (FPO) has floated the idea of adding debt burden to the criteria in screening recipients for the government's welfare and subsidy scheme for the poor in an effort to weed out cheats.
  • Scant few eligible for VAT return scheme December 13, 2018
    A meagre 360,000 of the 11.4 million recipients of the government's welfare and subsidy scheme for the poor are entitled to value-added tax (VAT) payback in the first month after the tax incentive scheme started last month.
  • Sany Thaiyont counts on state megaprojects December 13, 2018
    Sany Thaiyont Co, an importer and distributor of Chinese construction machinery, expects 2019 revenue to double to 2 billion baht from demand in the construction sector, driven by the government's megaprojects.
  • PTTEP wins bid for two gas fields December 13, 2018
    SET-listed energy firm PTT Exploration and Production (PTTEP) Plc has won the bid to explore and produce petroleum in both Bongkot and Erawan blocks in the Gulf of Thailand.

RSS Live Singapore Business News Feed

  • SilkAir to boost services to Cairns to daily flights from June 2019 December 14, 2018
    SILKAIR, the regional arm of Singapore Airlines (SIA), will be increasing its flight frequency to Cairns, Australia, from the current five flights per week to a daily flight with effect from June 2 next year.
    Vivien Shiao
  • Stocks to watch: SingPost, Mapletree Industrial Trust, Delong, Lorenzo December 14, 2018
    THE following companies saw new developments that could affect trading of their shares on Friday:
    Navin Sregantan
  • China Taisan judicial managers can't obtain key records, seek time to report financials December 14, 2018
    THE judicial managers of China Taisan Technology Group Holdings are seeking a further extension of time to report the fabric maker's financials amid difficulties in obtaining key records, according to a filing with the Singapore Exchange (SGX) late Thursday.
    Navin Sregantan
  • Vincent Phang named SingPost's new CEO for postal services and Singapore chief December 14, 2018
    SINGAPORE Post (SingPost) announced on Friday that Vincent Phang will be the new CEO of postal services as well as its Singapore head, with effect from April 1, 2019.
    Vivien Shiao
  • Quarz urges Sunningdale Tech to return cash to shareholders December 13, 2018
    SHARES of Sunningdale Tech jumped six cents or 4.29 per cent to S$1.46 on Thursday after activist fund Quarz Capital Management identified the mainboard-listed high-precision plastic components maker as its latest target.
    Marissa Lee
  • Acra investigating China Environment December 13, 2018
    CHINA Environment announced before trading hours on Thursday that it is being investigated by the Accounting and Corporate Regulatory Authority (Acra) for possible offences under the Companies Act.
    Vivien Shiao
  • Del Monte Pacific in the black in Q2 on one-off expenses a year ago December 13, 2018
    FOOD and beverage company Del Monte Pacific posted a net profit of US$8.4 million for the second quarter ended Oct 31, a reversal of the loss of US$2.8 million from a year ago on the back of one-off expenses of US$13.1 million related to its underperforming vegetable business.
    Vivien Shiao
  • Silkroad Nickel secures S$400m long-term contract to supply nickel ore December 13, 2018
    A SUBSIDIARY of Indonesian nickel mining group Silkroad Nickel has signed a new offtake agreement estimated to be worth more than S$400 million to supply 15 million tonnes of nickel ore over a period of five to eight years to PT Transon Bumindo Resources.
    Vivien Shiao
  • FSL Trust subsidiaries to buy two product tankers for US$97.6m December 13, 2018
    FIRST Ship Lease Trust (FSL Trust) plans to buy two product tankers for a total of US$97.6 million as part of plans to renew its fleet of vessels, the trust said on Thursday before market open.
    Navin Sregantan
  • Shopper360 hires group CEO to drive growth and strategic offerings December 13, 2018
    SHOPPER360 has hired former Facebook Malaysia client partner Matthew Ho to take on the newly created role of group chief executive officer, the Catalist-listed marketing services company announced on Thursday.
    Kenneth Lim
  • Oei calls for EGM on Raffles Edu rights issue December 13, 2018
    TYCOON Oei Hong Leong wants Raffles Education Corporation to hold a shareholders' meeting to vote on terminating the over-S$27 million rights issue meant primarily to repay loans owed to chairman and chief executive Chew Hua Seng.
    Yunita Ong
  • Markets rise amid mixed signals on trade war December 13, 2018
    AMID A DAY of mixed messages on the trade war front, markets chose to focus on Thursday's positive news items to continue an upward trend from the day before.
    Leila Lai
  • The Fed's latest worry - financial markets December 13, 2018
    PAY attention to the financial markets. If the Great Recession and 2008-09 financial crisis taught us anything, that was it. Until then, the Federal Reserve had focused mainly on fighting inflation and unemployment. What we learned is that overborrowing, shaky mortgages and inflated stock and home prices could also plunge the economy into crisis.
    Robert Samuelson
  • Auditors, audit committees should aim to raise their game December 13, 2018
    THE implementation of Enhanced Auditor Reporting Standards in 2016 has marked a paradigm shift in the way auditor information is presented in financial reports. Standard boilerplate statements have given way to more meaningful disclosures. Yet, auditors can raise the curtain further to give investors a better view of the thinking that feeds into an audit.
    Marcus Lam
  • Effective corporate giving: Striving for better, always December 13, 2018
    ONE of the recent meaningful philanthropic works supported by Singaporeans is a functional screening programme (oral, sight, and hearing) for seniors, with the country facing a "silver wave". It is heartening to see some of these seniors continue to lead active lives even though their eyesight, hearing and oral health may not be as healthy […]
    ONG BOON HWEE

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