SPH Radio fined S$7,000 for breach of radio programme code

21 Mar 2017 - Business Times Breaking News
THE Infocomm Media Development Authority (IMDA) said on Tuesday it has imposed a financial penalty of S$7,000 on SPH Radio Pte Ltd for breaching the Free-To-Air Radio Programme Code earlier this year.On Jan 11, while discussing a study on Singaporeans' sleep patterns, deejays on SPH Radio's Kiss92FM ...

Neo Group to acquire stake in Hi-Q Plastic Industries

21 Mar 2017 - Business Times Breaking News
SINGAPORE-LISTED Neo Group has entered into an agreement with Hi-Q Plastic Industries Sdn Bhd to subscribe for 416,327 new shares in the Malaysia-incorporated company for some RM1.6 million (S$505,485).Neo is subscribing for the shares at RM3.855 apiece, representing 51 per cent of the enlarged issued ...

Rickmers has until April 15 to give bankers a plan

21 Mar 2017 - Business Times Breaking News
HSH Nordbank, the largest senior lender to Rickmers Maritime Trust, has given the trust until April 15 to present a plan to restructure its debt. The plan has to ensure "a higher level of total recoveries than under a trust winding-up scenario", trustee-manager Rickmers Trust Management said in an update ...

Natural Cool appoints adviser, chief corporate officer

21 Mar 2017 - Business Times Breaking News
NATURAL Cool Holdings, the air-conditioning firm that installed a new board recently after a shareholder revolt, said it has appointed two existing directors to take on the roles of adviser and chief corporate officer respectively, in addition to their existing roles.Independent non-executive chairman ...

We plan to launch our fund in 2017: Joe Senghyun, Marvelstone

21 Mar 2017 - DealStreetAsia
Singapore’s Lattice80, brands itself as the ‘world’s largest fintech hub’, and Joe Senghyun Cho, founder and chairman of Marvelstone Group, that runs this facility, says this co-working venture is among several ambitious projects that the group is working on. Marvelstone had recently announced its expansion ...

Ascendas-Singbridge acquires Shanghai office building

21 Mar 2017 - DealStreetAsia
Singapore-based sustainable urban and business space solutions provider Ascendas-Singbridge Group has acquired a premium commercial building in Shanghai from US-based international realty major AEW Capital Management. Citing sources familiar with the transaction, Mingtiandi reported that it was acquired ...

GLP' China branch; Keppel T&T to sell 10% in air cargo biz

21 Mar 2017 - DealStreetAsia
Singapore based logistics company Global Logistics Properties is opening GLP Financial Lease branch in China. Keppel Telecommunications & Transportation Ltd, that handles logistics and data center has agreed to sell 10 per cent stake in Asia Airfreight Terminal Company for $45.2 million. CNMC Goldmine ...
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Singapore: mm2 lodges preliminary offer document for UnUsUaL Group

21 Mar 2017 - DealStreetAsia
mm2 Entertainment on Tuesday announced that it has lodged the preliminary offer document for the listing of UnUsUaL Group of Companies on the Catalist board of Singapore Exchange Securities Trading Limited (SGX). mm2’s board of directors decided on the move after an “extraordinary general meeting” on ...

Almost 7 in 10 employers intend to give bonuses to all employees

21 Mar 2017 - Singapore Business Review
42% may give up to 50% of staff salary. According to the 2017 Hays Asia Salary Guide, in the coming year, 66% of employers in Singapore intend to award bonuses to all employees and 25% to only some employees. Of the employers in Singapore paying bonuses, 42% expect bonuses to be worth from 11-50% of ...

9% of Singapore employers won't give salary increases this year

21 Mar 2017 - Singapore Business Review
But almost 1 in 2 will award increases of up to 6%. 46% of Singaporean employers expect to award salary increases of between 3% and 6% during their next salary review, according to recruiting experts Hays. The annual Hays Asia Salary Guide, now in its tenth year, highlights salary and recruiting trends ...