Recent Articles

DBS Q3 net profit up 6%, beats expectations on higher margins

DBS Q3 net profit up 6%, beats expectations on higher margins

SINGAPORE: DBS Group, Singapore’s biggest bank, on Monday (Nov 2) posted a 6 per cent rise in third-quarter net profit, beating expectations as higher interest rate margins boosted net interest income by 13 percent. DBS said net profit came to S$1.07 billion for the July to September period, versus S$1.01 billion in the same period […]

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Chipotle shuts Seattle, Portland stores after E. coli outbreak

Chipotle shuts Seattle, Portland stores after E. coli outbreak

NEW YORK: Chipotle Mexican Grill Inc said on Sunday (Nov 1) it had closed all its restaurants in two West Coast markets due to a reported outbreak of E. coli bacteria that is being investigated by the company and health authorities. “After being notified by health department officials in the Seattle and Portland areas that […]

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Chan Yeng Kit, Yap Chee Keong appointed to MediaCorp board of directors

Chan Yeng Kit, Yap Chee Keong appointed to MediaCorp board of directors

SINGAPORE: MediaCorp on Monday (Nov 2) announced the appointments of Mr Chan Yeng Kit and Mr Yap Chee Keong to its board of directors, effective immediately. Mr Chan is the Permanent Secretary of the Ministry of Defence. Before this, he was Permanent Secretary of the then Ministry of Information, Communications and the Arts from 2007 […]

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SHH Resources keen to acquire smaller peer to expand business

SHH Resources keen to acquire smaller peer to expand business

KUALA LUMPUR: SHH Resources Holdings Bhd, whose share price has almost doubled over the past two months, is banking on mergers and acquisitions (M&As) to expand its business while boosting its production capacity to meet increased demand for furniture. “In fact we’re talking to a few smaller non-listed companies, but nothing has been concluded,” executive […]

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CGC to reduce NPL ratio by improving asset quality

CGC to reduce NPL ratio by improving asset quality

KUALA LUMPUR: Credit Guarantee Corp Malaysia Bhd (CGC) aims to improve its asset quality in order to reduce its overall non-performing loan (NPL) ratio to single digit from the current 12%-13% in three years’ time, said its president and CEO Mohd Zamree Mohd Ishak. “Last year our NPL (ratio) was at 15% to 16% and […]

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FGV hopes to seal Eagle High deal by Nov 30

FGV hopes to seal Eagle High deal by Nov 30

PETALING JAYA: Felda Global Ventures Holdings Bhd’s (FGV) due diligence for the proposed acquisition of Indonesian palm oil company PT Eagle High Plantations will be extended to Nov 30, 2015. “We are continuing to finalise the proposed acquisition to ensure mutual benefit for all our stakeholders and shareholders. Official announcements will be made to keep […]

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K&N Kenanga proposes merger, listing transfer as part of revamp

K&N Kenanga proposes merger, listing transfer as part of revamp

PETALING JAYA: K&N Kenanga Holdings Bhd (KNKH) is planning an internal reorganisation that will see it transfer its listing status to wholly-owned subsidiary Kenanga Investment Bank Bhd (Kenanga IB) after a merger and capital restructuring exercise. In a filing with Bursa Malaysia last Friday, the company said the proposed merger would entail a transfer of […]

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Auditor unsure of Scan Associates' ability to continue as going concern

Auditor unsure of Scan Associates' ability to continue as going concern

PETALING JAYA: Scan Associates Bhd said its external auditor Baker Tilly Monteiro Heng was not able to obtain sufficient appropriate audit evidence on the group’s and company’s ability to continue as a going concern. It told Bursa Malaysia last Friday that the auditors could not provide a basis for an audit opinion on the company’s […]

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Airbnb wages US$8 million campaign to defeat San Francisco measure

Airbnb wages US$8 million campaign to defeat San Francisco measure

SAN FRANCISCO: Airbnb has spent more than US$8 million and hired a top political operative to defeat a San Francisco initiative on the ballot Tuesday that could threaten the growth of one of the most valuable global technology companies. Proposition F, which would limit short-term rentals, was brought by affordable housing advocates fed up with […]

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Chipotle shuts Seattle, Portland stores after E. coli outbreak

Chipotle shuts Seattle, Portland stores after E. coli outbreak

REUTERS: Chipotle Mexican Grill Inc said on Sunday it had closed all its restaurants in two West Coast markets due to a reported outbreak of E. coli bacteria that is being investigated by the company and health authorities. “After being notified by health department officials in the Seattle (Wash.) and Portland, Ore. areas that they […]

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