Morning business news round-up for Aug 21, 2014

SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.

1. United Engineers shares jump on potential investment from Thai tycoon. The counter hit a high of $2.49 in just over two hours of trading, 20 cents above its previous closing price of $2.29 on Wednesday.

2. Ex-Bank of Japan governor named NUS Business School distinguished visiting fellow. Mr Masaaki Shirakawa will take on the role from August 25 to September 10.

3. Tiong Woon logs 25% rise in full-year earnings despite lower revenue. The company managed to lower its cost of sales by more than the slip in revenues, thus registering better profit margins.