Four HKTDC August fairs and ICMCM draw to a close

19 Aug 2019 - ACN Newswire
The 30th HKTDC Food Expo, the 11th HKTDC Hong Kong International Tea Fair, the fourth HKTDC Beauty & Wellness Expo, the sixth HKTDC Home Delights Expo and the International Conference of the Modernization of Chinese Medicine & Health Products (ICMCM) have all concluded successfully. The four ...

Fraser & Neave Q3 profits up 9% to $54.83m

8 Aug 2019 - Singapore Business Review
Revenue from its dairies business grew 5.5% thanks to growth in its Thailand unit. Fraser and Neave’s (F&N) profits rose 9% YoY to $54.83m in the third quarter of 2019, its financial statement revealed. Revenue was also up 6.7% to $489.73m from $458.99m last year. F&N’s beverages revenue rose 11.6% YoY ...
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Genting Singapore may shell out $1b in FY2019 capex: analyst

6 Aug 2019 - Singapore Business Review
The firm is likely to incur $250m per quarter for land acquisition alone. As Genting Singapore undertakes $4.5b revitalisation project of Resort World Sentosa, the company may incur around $800m-$1b in related land acquisition costs, according to DBS Equity Research which revised the firm's estimated ...
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Capillary strengthens its product team, hires ex-Myntra executive Vikram Bhat as its new Chief Product Officer

6 Aug 2019 - ACN Newswire
Capillary Technologies, a Singapore-based company which helps brands to stay ahead of the digital evolution, is excited to announce that Vikram Bhat has joined its global leadership team as Chief Product Officer. Vikram comes with close to two decades of comprehensive experience in product strategy, ...

Daily Briefing: Automotive marketplace Carro raises $124.6m in Series B round; Belmont Road GCB relaunched for sale at lower price of $40.8m

6 Aug 2019 - Singapore Business Review
And Foodpanda is setting up its SEA headquarters in Singapore. From PropertyGuru: After failing to sell at an auction, a Good Class Bungalow (GCB) at 80 Belmont Road has been re-launched for sale through private treaty, with the guide price lowered to $40.8m.The property, which was owned by The Stratech ...

Genting Singapore profits dipped 5% to $373.6m in H1

6 Aug 2019 - Singapore Business Review
This was partly due to slower mass gaming business. Genting Singapore profits continued to fall steadily throughout the first half of the year as earnings fell 5% YoY to $168.1m in Q2 from $177.6m last year, an announcement revealed. Revenue for the same period rose 14% YoY to $636.8m from $560.3m previously. ...
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WIKA's Net Profit in 1H-2019 Grows 60.48% Year-on-Year (YoY)

2 Aug 2019 - ACN Newswire
PT WIJAYA KARYA (Persero) Tbk. (WIKA) booked a net profit of Rp1.015 trillion in the first half of 2019, a 60.48% increase year-on-year (YoY) from Rp632.52 billion recorded in the same period in 2018.WIKA's President Director, Tumiyana remarked that the achievement was the product of, among others, the ...

Wintermar Offshore (WINS:JK) Reports 1H2019 Results

31 Jul 2019 - ACN Newswire
Wintermar Offshore Marine (WINS:JK) has announced results for 1H2019. WINS 2Q2019 revenue rose by 15% QoQ to US$14 million with strong improvement in Fleet utilization.With political distraction now behind us and the Presidential mandate secured for the next 5 years under President Jokowi, business was ...

Global BioLife Inc.'s Naturally Modified Sugar Laetose(TM) Unveiled at Harvard Global Health Summit

24 Jul 2019 - ACN Newswire
SGX-listed Singapore eDevelopment Ltd ("SeD", SGX:40V) is pleased to announce the results of clinical trials conducted on Laetose(TM), a low-glycemic, naturally modified sugar, developed by its U.S. biomedical subsidiary Global BioLife Inc. ("Global BioLife").Clinical trial results show that Laetose ...
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Maybank demands $33.6m from Hyflux for early termination of hedging deal

16 Jul 2019 - Singapore Business Review
The bank designated 4 July as its date of termination. Malayan Bank Berhad (Maybank) issued a calculation statement to Huflux’s subsidiary Tuaspring demanding for $33.6m over the early termination of one of the firms’ hedging deals. The 2002 ISDA Master Agreement between the two companies started 22 ...
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