• SMRT goes private with shareholders in favour of Temasek buyout


    SINGAPORE (Sept 29): SMRT shareholders holding 92.89% of scheme shares have voted in favour of Temasek’s buyout offer of $1.68 per share.

    Majority shareholder Temasek was not included in this vote, which followed an earlier vote on accepting the New Rail Financing Scheme, of which 98.84% of shareholders voted “yes”.

  • Singapore tops Asia-Pacific in corporate governance but still lags behind Australia


    SINGAPORE (Sept 29): Singapore has topped a corporate governance survey ranking 12 key Asia-Pacific markets released today by brokerage and investment group CLSA, in collaboration with the Asian Corporate Governance Association (ACGA).

  • 3 reasons why oil prices will not soar despite OPEC output cuts


    SINGAPORE (Sept 29): Oil prices surged on Thursday after members of the Organization of the Petroleum Exporting Countries agreed to the outline of a deal to cut production for the first time in eight years.

    But Bank of Singapore Chief Economist Richard Jerram says the OPEC agreement to reduce the world’s supply glut is “unlikely to have a significant impact” on oil prices.

  • Global biopharma giant AbbVie opens first Asia manufacturing facility in Singapore


    SINGAPORE (Sept 29): Global biopharmaceutical giant, AbbVie has opened its new small molecule active pharmaceutical ingredient (API) facility in Singapore, marking its first manufacturing facility in Asia.

  • Germany denies preparing to rescue Deutsche Bank


    FRANKFURT (Sept 28): The German government denied that it was working on a rescue of Deutsche Bank after a newspaper report about such plans fuelled fears over the future of the biggest lender in Europe's largest economy.