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  • ST Engineering Q1 net profit falls 6% but order book fattens

    SINGAPORE (Nikkei Markets) - Singapore Technologies Engineering posted a 6% drop in first quarter net profit although orders grew as customers in the aviation sector renewed multi-year contracts.ST Engineering, whose aerospace arm is one of the worl

    May 12, 2017 04:39 pm JST
  • City Developments reports lowest quarterly profit in 8 years

    SINGAPORE -- City Developments, the Singaporean property and hotel group under the Kwek family's Hong Leong group, announced Thursday a net profit of 85 million Singapore dollars ($60 million) for the quarter ended in March, the lowest since the sam

    May 12, 2017 12:50 am JST
  • Wilmar restructures China operations, mulls separate listing

    SINGAPORE -- Singapore's Wilmar International, the world's largest palm oil company, said Thursday that it is restructuring its operations in China, and is considering a separate listing, as it continues to expand in the country.The company said in

    May 11, 2017 11:38 pm JST
  • Singapore bank stocks rally, but outlook is muted

    SINGAPORE (Nikkei Markets) -- The better-than-expected first quarter results from Singapore's big three lenders may have cheered investors but the outlook for the stocks is tinged with caution, especially after the recent run up in their prices.Shar

    May 11, 2017 09:16 pm JST
  • OCBC to buy NAB mortgage portfolio in Singapore, Hong Kong

    SINGAPORE -- Oversea-Chinese Banking Corp. said Thursday it was buying National Australia Bank's wealth management business in Singapore and Hong Kong.The deal will add 11,000 affluent individuals - 7,000 in Singapore and the rest from Hong Kong --

    May 11, 2017 08:55 pm JST
  • Nikkei Asia300 Index climbs on energy, financial shares; South Korea rebounds

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan advanced Thursday, as broad overnight gains on Wall Street aided investor sentiment while South Korean equities rebounded after the previous day's retreat.The Nikkei Asia300 Index of some o

    May 11, 2017 08:45 pm JST
  • Singapore, Malaysia stocks advance on rising risk appetite

    SINGAPORE (Nikkei Markets) -- Shares in Singapore and Malaysia extended their recent rally on Thursday as broad overnight gains in U.S. equities spurred demand for risk assets.The advance came after the S&P 500 edged higher overnight to another reco

    May 11, 2017 07:28 pm JST
  • Luxe 'lite' takes flight in Asia

    How many among the legions of budget travelers who struggle down the narrow aisles of a plane toward the nether regions of "cattle-class" have not looked wistfully at the cool, comfortable passengers sipping pre-takeoff champagne in their deluxe bus

    May 11, 2017 10:00 am JST
  • ADB finds the 'Asian century' tantalizingly close

    YOKOHAMA, Japan In just five decades, Asia has changed beyond recognition, the Asian Development Bank was keen to inform participants at its 50th annual meeting, held in Yokohama from May 4.A promotional video played repeatedly during the four-day e

    May 11, 2017 10:00 am JST
  • Luxe 'lite' takes flight in Asia

    How many among the legions of budget travelers who struggle down the narrow aisles of a plane toward the nether regions of "cattle-class" have not looked wistfully at the cool, comfortable passengers sipping pre-takeoff champagne in their deluxe bus

    May 11, 2017 10:00 am JST
  • NPLs bottoming out in Singapore

    SINGAPORE -- Three major Singapore banks reported a rise in net profit for the quarter ended March, as nonperforming loan ratios in the oil and gas sector stabilized.The banks attributed the stronger performance to non-interest income such as wealth

    May 10, 2017 02:30 am JST
  • Dalian Wanda may bid on big Malaysia project

    DALIAN, China/KUALA LUMPUR -- Property developer Dalian Wanda Group may enter a bid to develop the township of Bandar Malaysia now that a deal with another Chinese company appears to have fallen through."Please stay tuned," a company spokesperson re

    May 10, 2017 02:15 am JST
  • Chinese companies, French relief boost Nikkei Asia300 Index

    HONG KONG (Nikkei Markets) -- Asian stocks outside Japan rose Tuesday, helped by a rebound in Chinese companies and as pro-European Union candidate Emmanuel Macron's win in the French presidential elections resonated with investors.The Nikkei Asia30

    May 9, 2017 09:08 pm JST
  • Singapore stocks hit 21-month high as OCBC earnings beat forecasts, Malaysia shares fall

    SINGAPORE (Nikkei Markets) -- Singapore shares rose to over 21-month highs after Oversea-Chinese Banking Corp. became the latest lender in the city-state to report better-than-expected earnings. Malaysian shares edged lower.Singapore's FTSE Straits

    May 9, 2017 08:37 pm JST
  • Trump has blown US credibility in Southeast Asia: Poll

    TOKYO -- U.S. President Donald Trump's policy, or lack thereof, on Southeast Asia has gutted American credibility, a survey by an influential think tank has found.More than half of respondents in Southeast Asia say the U.S. has become less dependabl

    May 9, 2017 04:00 pm JST
  • Asian economy to grow 5.5% in 2017, leading global growth: IMF

    SINGAPORE (Kyodo) -- The International Monetary Fund forecast Tuesday that the Asian economy will expand 5.5 percent this year, up 0.2 percentage point from last year as the region continues to be the leader of global growth. Of regional economies,

    May 9, 2017 12:12 pm JST
  • Asia remains 'core market' for Barclays -- Asia Pacific co-head

    YOKOHAMA, Japan -- Despite cutting a large number of jobs and shutting down several offices across the region, Asia remains a core market for Barclays, its Asia Pacific co-head Jaideep Khanna told the Nikkei Asian Review.2016 was a year of restructu

    May 9, 2017 11:00 am JST
  • Will Tokyo bourse be the lone holdout on nonvoting shares?

    TOKYO -- As big investors fume over Snap's decision to list nonvoting shares on the New York bourse, the Tokyo Stock Exchange may also be forced to revisit the question of allowing classified shares as competition intensifies among global rivals. Cr

    May 9, 2017 05:10 am JST
  • Southeast Asian new-car sales jump 14% in March

    BANGKOK -- New-car sales in Southeast Asia's six major countries climbed by a combined 14% in March from a year earlier to 316,736 vehicles, the fifth straight monthly gain and returning sales for the month to a level not seen in four years.Sales ro

    May 9, 2017 05:00 am JST
  • Hewlett Packard Enterprise opens new Asia HQ in Singapore

    SINGAPORE -- Hewlett Packard Enterprise launched its new headquarters covering Asia here Monday, as the company seeks to tap the region's growing demand for new technologies.The new Asia Pacific and Japan headquarters brings all of HP Enterprise's f

    May 9, 2017 12:20 am JST