JASPER Investments on Saturday reported deepened net losses of US$664,000 for its 12 months ended March 31, 2019, from a US$25,000 net loss a year ago.“The reduction in revenue was a result of the completion of management services agreements, while awaiting for the commencement of project management work in North Asia,” it said.
"Some business leaders say it’s harder than ever to rake in profits, obviously these would cascade down to higher operational charges faced by our logistics vendors, factored into our future projects." Indeed, on Friday evening, it announced that it had received a formal notification to start work as project manager for logistics and transportation in connection with certain reclamation and engineering works for projects in the Guangdong-Hong Kong-Macau bay area.
Previously, the commencement of the various infrastructure projects were delayed mostly as a result of the time needed to meet certain legal and regulatory requirements. With the re-designation of Mr Heng as an executive director, the composition of the board would no longer comply with the Code of Corporate Governance 2018."The board will, in due course, appoint the requisite additional non-executive and/or independent director to ensure compliance with the code," it said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nam Cheong Q1 profit plunges to RM420,000 on absence of debt waiverDESPITE revenue increase from its vessel chartering segment, a significant reduction in other income dragged first-quarter results for offshore marine firm, Nam Cheong. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Thomson Medical posts Q1 net loss of S$1.01m on higher finance costsTHOMSON Medical on Monday announced that it turned in a net loss of S$1.01 million for the first quarter - versus a net profit of S$89,000 a year ago - partly due to higher finance costs. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Fragrance Group posts Q1 net loss of S$3.7m after City Gate's completionTHE recent completion of a major Singapore project dampened results for Fragrance Group in its first quarter, the company said on Monday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Sarine Technologies posts US$1.4m net loss for Q1DIAMOND technologies firm Sarine Technologies on Sunday reported a net loss of US$1.4 million for the first quarter ended March 31, compared to a net profit of US$3.1 million a year ago. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Baidu swings to net loss for first time since listing, shares fallChinese search engine operator Baidu Inc booked its first quarterly loss since at least 2015 and forecast quarterly revenue below market ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Peru's Vizcarra says China might partner on mega South American railway projectPeruvian President Martin Vizcarra told Reuters on Friday that China could partner with Bolivia and Peru on a massive intercontinental railway ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asia: Markets track big losses on Wall Street after China retaliates[HONG KONG] Asian markets extended a global sell-off Tuesday following hefty losses on Wall Street that came in response to China's hike in tariffs on US$60 billion of US imports, ramping up tensions in a trade war between the global economic titans. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asian shares extend losses as US-China trade war heats upShares in Asia extended losses on Tuesday following sharp falls on Wall Street overnight, the yen strengthened and US Treasury yields ticked lower ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Futures extend losses after China plans retaliationU.S. stock index futures pointed to sharp declines at the open on Monday, as a standoff between the United States and China over their prolonged ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore and New Zealand ink agreements to strengthen ties, deepen cooperation in key areasSINGAPORE: Singapore and New Zealand on Friday (May 17) signed a partnership agreement to bolster cooperation in trade, defence, and science, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China cancels US pork import order as US-China trade war drags onCHICAGO (REUTERS) - The same week US President Donald Trump announced sweeping increases on tariffs against Chinese goods, Chinese buyers dropped orders for 3,247 metric tonnes of US pork - the biggest cancellation in more than a year, according to US Department of Agriculture data released on Thursday (May 16).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »