Singapore: Markets closed on Friday

The Singapore Exchange is closed on Friday due to a public holiday.

Weaker rupiah, lower commodity prices hit IndoAgri Q1 results

DRAGGED down by a weaker Rupiah, softer commodity prices and foreign exchange losses, Indofood Agri Resources posted an 80.7 per cent year-on-year plunge in net profit to 35.03 billion rupiah.

Revenue slipped 16.1 per cent to 2.66 trillion rupiah in 1Q15 due to lower...

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STI Index falls 0.46% at Thursday

• Singapore: STI Index falls 0.46% at Thursday opening Following declines on Wall Street and European markets the day before, the Straits Times Index (STI) sank 15.88 points or 0.46 per cent in early trading to 3,471.27.

• Singapore share prices closed 0.2 per cent lower on Wednesday with the Straits Times Index down 7.94 points to 3,487.15, as investors nervously awaited the outcome of the two-day Federal Reserve policy meeting.
   
• The Federal Reserve left open its timeframe for a rise in interest rates on Wednesday, following a winter slowdown that stalled US economic growth.
   
• Most Asian stock markets sank Thursday after US growth data fell well short of forecasts, sending the dollar to a near two-month low against the euro as the chances of an interest rate hike in early summer faded.
  
  
• REAL estate firm Boustead Projects, which started trading on the Singapore Exchange (SGX) mainboard, climbed to a high of 99.5 Singapore cents in early morning trading.
   
• Yangzijiang Shipbuilding reported that its net profit for the first quarter ended March 31, 2015, fell 12 per cent from a year ago to 706.88 million yuan .

Singapore share prices opened lower on tuesday

• Singapore share prices opened lower with the Straits Times Index (STI) down 5.16 points or 0.15 per cent to 3,510.69, following Monday's decline on Wall Street.

• The Straits Timex Index kicked off the week with a 2.85-point gain at 3,515.85 on Monday,mainly due to strong gains in Singtel and UOB.

• HEALTHCARE group Q&M Dental is planning to acquire TP Dental Surgeons for S$28.6 million.

• CORDLIFE Group has announced that China Cord Blood Corp (CCBC) has received a proposal letter from Golden Meditech which is seeking to take it private.

• Yangzijiang Shipbuilding on Monday plans to delist its Taiwan Depository Receipts (TDRs) on the Taiwan Stock Exchange (TSE) .

• QAF, known for its Gardenia and Bonjour brands of bread, plans to restructure Gardenia Bakeries (KL) Sdn Bhd (GBKL), a 70 percent-owned Malaysian subsidiary that contributes a significant amount of revenue and profit.  

Singapore share prices opened lower on Monday

• Following Japan's stock market, Singapore share prices opened lower with the Straits Times Index (STI) down 5.31 points or 0.15 per cent to 3,507.69.

• Private healthcare provider Raffles Medical Group posted a 2.9 per cent year-on-year rise in net profit to S$14.98 million for Q1 FY15 while revenue jumped 8.5 per cent to S$95.02 million.

• DBS Group Holding, Southeast Asia's largest lender, posted higher first-quarter profit as net interest income increased. Net income gained 3 percent to S$1.27 billion for the three months ended March 31.

• Frasers Commercial Trust (FCOT) has entered into a conditional sale and purchase agreement with Australand Property Holdings to acquire a commercial property in Melbourne for A$222.5 million (S$232 million).

• Profits earned by Chinese industrial firms fell 0.4 per cent in March from a year earlier to 508.61 billion yuan ($82.09 billion).

• There  is growing demand for experienced local engineers as Singapore-based engineering firms expand their mechanical and electrical departments but the supply of suitable candidates remains tight.