SIA flights from Changi Airport to Bali among dozens cancelled after Indonesia volcano eruption

SIA flights from Changi Airport to Bali among dozens cancelled after Indonesia volcano eruption

[JAKARTA] At least two dozen flights to and from the Indonesian resort island of Bali, including Singapore Airlines flights from Changi Airport, have been cancelled after a volcano in the archipelago’s east erupted, shooting an ash tower 10km into the sky. Mount Lewotobi Laki-Laki, a 1,703m twin-peaked volcano on the eastern tourist island of Flores,…

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Wilmar International down 4% after Indonesian authorities seize 11.8 trillion rupiah from Wilmar Group in graft case

Wilmar International down 4% after Indonesian authorities seize 11.8 trillion rupiah from Wilmar Group in graft case

[SINGAPORE] Shares of Wilmar International fell on Wednesday (Jun 18) morning after Indonesian authorities seized 11.8 trillion rupiah (S$928 million) from its parent company Wilmar Group in a palm-oil graft case. As at 9.08 am, the counter was trading at S$2.89, down S$0.12 or around 4 per cent from Tuesday’s closing price of S$3.01, with 4.9…

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Wilmar International down 4% after Jakarta’s seizure of 11.8 trillion rupiah from Wilmar Group in graft case

Wilmar International down 4% after Jakarta’s seizure of 11.8 trillion rupiah from Wilmar Group in graft case

[SINGAPORE] The shares of Wilmar International fell on Wednesday (Jun 18) morning after the Indonesian authorities seized 11.8 trillion rupiah (S$928 million) from its parent company Wilmar Group in a palm-oil graft case. As at 9.08 am, the counter was trading at S$2.89, down S$0.12 or around 4 per cent from Tuesday’s closing price of S$3.01,…

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Gold steady as Middle East tensions rise, Fed decision on tap

Gold steady as Middle East tensions rise, Fed decision on tap

[BENGALURU] Gold prices held steady on Wednesday (Jun 18), as escalating tensions between Israel and Iran entered their sixth day, while a stronger US dollar capped gains ahead of the US Federal Reserve’s policy decision due later in the day. Spot gold was steady at US$3,386.59 an ounce, as at 0052 GMT. US gold futures…

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Iran is running out of ammo, rocket launchers as it struggles to keep up with Israel: experts

Iran is running out of ammo, rocket launchers as it struggles to keep up with Israel: experts

Iran’s retaliatory attacks against Israel have been significantly diminished over the past two days following Israeli assaults against their missile silos and launching sites, experts said. After firing more than 200 rockets in six waves of missile strikes against Israel on Friday and Saturday, Tehran only launched two waves of attacks the following day with…

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Stocks to watch: Thakral Corp, Fu Yu, IHH Healthcare

Stocks to watch: Thakral Corp, Fu Yu, IHH Healthcare

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 18): Thakral Corp: The mainboard-listed company on Tuesday announced the launch of an initial public offering (IPO) of GemLife Communities, an Australian over-50s lifestyle resort operator, to raise up to A$750 million (S$628.2 million) at an implied post-money valuation…

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Stocks to watch: Thakral Corp, Fu Yu

Stocks to watch: Thakral Corp, Fu Yu, IHH Healthcare

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 18): Thakral Corp: The mainboard-listed company on Tuesday announced the launch of an initial public offering (IPO) of GemLife Communities, an Australian over-50s lifestyle resort operator, to raise up to A$750 million (S$628.2 million) at an implied post-money valuation…

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