SINGAPORE, Nov 20 (Reuters) – Fullerton Fund Management, a
unit of Singapore state investor Temasek Holdings (Pte) Ltd
, says progress in economic reform is encouraging it to
invest more in China, and that slow progress in India is
prompting it to invest less.
China has pledged to make the most sweeping economic changes
in nearly three decades, which could benefit sectors such as
consumer, infrastructure, insurance and clean energy, Fullerton
Chief Executive Manraj Sekhon said at the Reuters Global
Investment Outlook Summit on Wednesday.
SINGAPORE, Nov 13 (Reuters) – Struggling Singapore Airlines
Ltd is showing little sign of a recovery with
passenger yields falling to near four-year lows, highlighting
SIA’s eroding pricing power in a weak market for premium
SIA’s yields fell for the third consecutive quarter as it
faced stiff competition on its medium and long-haul routes from
Gulf carriers such as Emirates Airline and others including
Malaysian Airline System Bhd and Cathay Pacific
SINGAPORE, Oct 28 (Reuters) – Singapore conglomerate Straits
Trading Company Ltd is buying just over a fifth of
real estate fund manager ARA Asset Management Ltd in a
S$294.4 million ($238 million) deal it said would boost its
Straits Trading will acquire the 20.1 percent stake in ARA
from Cheung Kong Investment Company, a unit of Hong Kong tycoon
Li Ka-Shing’s Cheung Kong Holdings Ltd, and ARA Chief
Executive John Lim.
SINGAPORE (Reuters) – Singapore Exchange Ltd (SGXL.SI: Quote, Profile, Research, Stock Buzz)’s role as the city-state’s equity market regulator is coming under increasing scrutiny in the fall-out from a penny stock crash earlier this month.
The sudden implosion of Blumont Group Ltd (BLUM.SI: Quote, Profile, Research, Stock Buzz), LionGold Corp (LION.SI: Quote, Profile, Research, Stock Buzz), and Asiasons Capital Ltd (ASNS.SI: Quote, Profile, Research, Stock Buzz) – after huge run-ups in their share price earlier in the year had turned them briefly into billion dollar companies – left many in the market mystified and raised question marks over whether the exchange missed red flags and was too slow to act.
SINGAPORE, Oct 24 (Reuters) – Singapore’s central bank and
stock market operator are conducting an extensive review of
recent share price volatility in three inter-linked Singapore
companies, which wiped out billions of dollars in combined
market value from the firms.
Singapore Exchange Ltd (SGX), which is both the
market operator and the regulator, suspended trading in shares
of Blumont Group Ltd, Asiasons Capital Ltd
and LionGold Corp Ltd on Oct. 4, after sharp declines
in their stock prices.
SINGAPORE, Oct 11 (Reuters) – Singapore-listed Del Monte
Pacific Ltd will buy the canned food business of
private equity-backed Del Monte Foods Consumer Products Inc for
$1.7 billion, gaining a direct presence in the key U.S. market
and reuniting a substantial portion of the Del Monte brand
Shares in Del Monte Pacific surged 10 percent on the deal.
It said the acquisition will give it the No. 1 branded
position in major canned fruit and vegetable categories in the
United States as well as the opportunity to offer its some of
own products to the large and fast-growing Asian and Hispanic
SINGAPORE, Oct 10 (Reuters) – A funeral parlour switches
into gold mining; a steel trader turns into a property
developer; and a food packaging firm ventures into resources.
Reverse takeovers and shifting corporate business strategies
on Singapore’s stock market have come under the spotlight in the
wake of a recent collapse in the share prices of three companies
listed on Southeast Asia’s biggest bourse.
SINGAPORE, Oct 4 (Reuters) – The Singapore Exchange Ltd
suspended trading in three stocks on Friday, warning
the market may not be fully informed of the companies’ affairs
after a plunge in their share prices, with one falling more than
The bourse first halted trading in diversified company
Blumont Group Ltd, whose stock has risen as much as 12
fold this year, after it slumped 56 percent in morning trade. It
later suspended gold miner LionGold Corp Ltd and
investment company Asiasons Capital Ltd.
SINGAPORE (Reuters) – The Coffee Bean & Tea Leaf, in which three private equity firms recently bought stakes, may consider an initial public offering or a strategic sale over the next few years as part of an exit strategy for investors, its CEO said.
The funding would allow the company to accelerate its growth plans in southern California and north Asia as it seeks to double its revenue from directly-owned and franchised-run stores in five years to a total of $1 billion, Mel Elias, also the president of the Los Angeles-based firm, told Reuters in an interview on Wednesday.
SINGAPORE, Sept 24 (Reuters) – Casino operators and
regulators around Asia are watching Singapore’s two
multi-billion-dollar gaming resorts as they focus on tourists
and trade shows to boost revenue in response to restrictions on
gambling and a sluggish broader market.
The city-state has become a playground for Asia’s rich and
famous, with attractions ranging from fancy clubs and
restaurants helmed by Michelin-starred chefs to the world’s only
night-time Formula One race.