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A US$40b gun points at India’s not-so-rich

18 Jun 2019 - The Star Online
EVEN as the fate of India’s shadow banks swings precariously between unexpected defaults and sudden downgrades, there’s trouble brewing in another unlit corner of finance. Exotic funds, designed for wealthy investors, have grown to $40 billion from nothing in just seven years, expanding by 71% in the ...

Quick take: Top Glove shares under pressure after weaker earnings

18 Jun 2019 - The Star Online
KUALA LUMPUR: Top Glove Group's share price fell to a more than a month's low of RM4.73 in afternoon trade on Tuesday after its reported a weaker set of earnings in the third quarter ended May 31, 2019. At 3.37pm, the world's largest glove maker saw its share price fall by 27 sen to RM4.37. It fell to ...
klse:7113 sgx:bva

Top Glove's net profit slides 36.5% to RM74.67m

18 Jun 2019 - The Star Online
KUALA LUMPUR: Top Glove Corp Bhd 's net profit fell 36.5% year-on-year (y-o-y) to RM74.67mil in the third quarter ended May 31, 2019, amid rising natural rubber latex prices and strong competition. This came despite sales revenue growth of 8.1% to RM1.19bil on the back of a 9% increase in sales volume. ...
klse:7113 sgx:bva

1 in 3 bosses demoted an employee

18 Jun 2019 - Singapore Business Review
Failure in a new role accounts for 46% of demotions. One in three, or almost 30%, of Singapore’s bosses have demoted an employee at their company, recruiter specialist Robert Half reveals in his survey. Almost half, or 46%, have demoted an employee who was not succeeding after being promoted to a new ...

Fortis Healthcare drops sale of stake in RHT Health Trust

18 Jun 2019 - Singapore Business Review
Talks with interested parties fell apart. Fortis Healthcare has dropped its decision to sell its stake in RHT Health Trust and its trustee manager, RHT Health Trust Manager, an announcement revealed. Fortis Healthcare, through its subsidiaries Fortis Healthcare International Limited (FHIL) and Stellant ...

Sembcorp Industries' India energy unit withdraws listing prospectus

18 Jun 2019 - Singapore Business Review
But it intends to re-file a revised prospectus at an ‘appropriate’ time this year. Sembcorp Industries’ energy unit in India, Sembcorp Energy India Limited (SEIL), has withdrawn its draft red herring (DRHP) prospectus lodged into the Securities Exchange Board of India, an announcement revealed. “This ...

GIC eyes investing $1b in India's road assets

18 Jun 2019 - Singapore Business Review
It looks to expand its presence in India’s infrastructure sector. Deal Street Asia reports that GIC eyes placing $1b in India through an investment platform that will buy operating roads as part of its expansion in the country’s infrastructure sector, anonymous sources revealed. “The Singapore-based ...

SBS Transit, SMRT Trains and ST Engineering team up to upgrade rail maintenance

18 Jun 2019 - Singapore Business Review
They will facilitate efforts to improve electronic card repair and diagnostic support, amongst others. SBS Transit (SBST), SMRT Trains and ST Engineering have partnered up to share engineering knowledge and capabilities in various areas to add depth and breadth to Singapore’s rail maintenance capabilities, ...
klse:0117 sgx:s63 sgx:s61

TT International records three consecutive years of losses

18 Jun 2019 - Singapore Business Review
It is at risk of being placed under the SGX-ST’s watchlist. Consumer electronics retailer TT International has recorded three consecutive financial years of pre-tax losses, a filing with the Singapore Exchange (SGX) revealed. Trading in the company’s securities on the Singapore Exchange Securities Trading ...

UOB Malaysia launches Shariah wealth management solution

18 Jun 2019 - The Star Online
KUALA LUMPUR: United Overseas Bank (Malaysia) Bhd has launched a three-pillar, Shariah compliant wealth management solution to help affluent customers save, grow and protect their wealth. The bank said on Tuesday the solutions comprised Shariah-compliant savings and fixed deposit accounts, Takaful ...