12:27 PM
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SINGAPORE AIRLINES
The airline has frozen cadet-pilot recruitment and cut flying hours for junior pilots in a business slowdown, the Straits Times reported. SIA's spokesman told the newspaper the last cadet intake was early this year and it has not decided when hiring will resume.
OUE, FRASER & NEAVE
Overseas Union Enterprise, backed by Indonesia's Lippo Group, may team up with Japan's Kirin Holdings to thwart a $7.2 billion takeover offer for Fraser and Neave Ltd from companies linked to Thailand's third-richest man, sources said.
In an unexpected move, OUE said on Friday it is seeking partners in a potential takeover bid for F&N, without identifying the parties.
YOMA STRATEGIC HOLDINGS
The Myanmar-focused property development company said administrative expenses in July-September rose by S$8.73 million ($7.15 million) to S$9.28 million, resulting in a net loss of S$4.12 million for the group versus a net profit of S$1.39 million a year ago.
The group's second-quarter revenue jumped 59 percent to S$11.60 million.
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