Bizview: Today's top business news

SGX offers affected firms six month extension to meet minimum trading price

The Singapore Exchange (SGX) is giving affected companies carrying out a share consolidation to comply with the Minimum Trading Price (MTP) requirement, a 6-month extension before they are reviewed for compliance with the MTP requirement.

Shares of embattled rigbuilder Sembcorp Marine slide further on contract 'standstill'

Sembcorp Marine shares shed another 4.4 per cent today after the rig builder announced it had reached a so-called "standstill" agreement with a rig customer, North Atlantic Drilling. The counter hit a six-year low on Wednesday after the company announced it expected to post its first quarterly loss since 2003.

Singapore-listed Mirach Energy placed on watchlist of financially ailing companies

Energy exploration and production company Mirach Energy has been placed on the Singapore Exchange's (SGX's) watchlist of companies that are struggling financially. The firm has assets in both Cambodia and South Sumatra, Indonesia, including oil wells.

Singapore trust buys serviced apartments in new Melbourne skyscraper for S$123.8 million

Ascendas Hospitality Trust (A-HTrust) on Thursday signed an agreement with leading Malaysian developer UEM Sunrise to acquire the serviced apartments component of a high-rise mixed use development that is set to be one of Melbourne's tallest buildings for A$120 million (S$123.8 million).

Falling oil price hits Asian stocks

Oil breaking below US$40 a barrel ignited losses in equity markets, with energy producers and mining stocks driving declines in Asia. Precious metals plumbed multi-year lows while the dollar gained after Federal Reserve Chair Janet Yellen reinforced expectations for a December rate hike.