Last Friday, Swiber said it plans to restructure and operate under judicial management, after withdrawing earlier liquidation plans. Analysts say this is likely to have wider reaching implications for other industries in Singapore.
The acquisition brings together almost 10,000 employees in more than 95 offices across 40 countries, and a combined revenue of about S$1.1 billion.
Singapore's central bank said on Saturday (Jul 30) it is examining the extent of involvement by Goldman Sachs' local unit in bond deals for Malaysian state investor 1Malaysia Development Berhad (1MDB).
Net profit for the three months to June came in at S$257 million (US$190 million), up 182 per cent from S$91.2 million in the same period last year, the airline said in a statement.
JTC says that an above average supply of industrial space that is coming on stream will reduce business costs for industrialists.
Over the past year, the investment firm said it's taken a more defensive approach, increasing its allocation to bonds and cash at the expense of some equity exposure.
SGX's net profit fell 20 per cent to S$76.8 million in its fourth quarter to Jun 30, against S$96.2 million in the same period last year.
The Singapore Contractors Association wants to change the way recruitment and manpower retention is carried out in the construction sector, starting with an efficient and transparent database system.
The reforms will only apply to bankruptcy applications filed on Aug 1, 2016, or later, but the Insolvency Office will manage existing cases to ensure "some parity of treatment for existing bankrupts".
The benchmark STI has risen more than 3 per cent this month, with blue chip stocks leading the charge. Analysts expect the post-Brexit rebound to continue and lead the local bourse to test the 3,000-point level.