Company in the news

Company in the news

Global Invacom relocates China operations to the Philippines amid rising costs, warns of net loss for FY19

SINGAPORE (Jan 15): Global Invacom, the global provider of satellite communications equipment, is expecting to book a net loss for FY19 as it makes “significant changes” to its operations. 

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Tencent's 27% share price rally since October surprises even bullish analysts

(Jan 14): Tencent Holdings’s analysts, who have a history of being too bullish, have now been caught off guard by a recent rally in Asia’s biggest stock.

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Samurai 2K Aerosol gears up for US launch

SINGAPORE (Jan 10): Samurai 2K Aerosol now earns the bulk of its revenue from Southeast Asia but the United States could soon be a major market generating significant sales once the company launche

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Prudential Vietnam enters into exclusive bancassurance partnership with SeABank

SINGAPORE (Jan 6): Prudential announced Monday that subsidiary Prudential Vietnam Assurance has entered into an exclusive bancassurance partnership with Southeast Asia Commercial Joint Stock Bank (

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Kim Heng Offshore & Marine to incur impairment loss of $6.5 mil in proposed sale of Penjuru Road property

Singapore (Jan 3): Kim Heng Offshore & Marine Holdings announced Friday that wholly-owned subsidiary Kim Heng Marine & Oilfield has agreed to sell its property at 48 Penjuru Road in western

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CIMB Bank appoints Victor Lee Meng Teck as Singapore CEO

SINGAPORE (Jan 2): CIMB Bank Singapore announced Thursday it has appointed Victor Lee Meng Teck as its new chief executive officer.

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Yangzijiang's Ren to resume work after assisting with graft probe

SINGAPORE (Dec 22) Ren Yuanlin, the executive chairman of Yangzijiang Shipbuilding (Holdings), will resume work with effect from Dec 23, more than four months after he was first said by the company

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ThaiBev rubbishes 'false' media reports that it is seeking to sell its business in Vietnam

SINGAPORE (Dec 19): Thai Beverage has clarified that claims in the media that it is seeking a buyer for its business in Vietnam is “false and without merit”.

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Singapore's Puma Energy to sell fuels business to Chevron Australia for A$425 million

SINGAPORE (Dec 19): Singapore’s Puma Energy, the retail and midstream arm of global commodities trader Trafigura, said on Thursday it would sell its Australian commercial and retail fuels business

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Jumbo opens maiden bak kut teh and chicken rice restaurants in Shanghai

SINGAPORE (Dec 16): Jumbo Group, the food and beverage (F&B) operator, has opened its first Ng Ah Sio Bak Kut Teh and Xinyao Hainanese Chicken Rice restaurants in China.

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