Business
Why is Singapore raising land betterment charges for non-profit usage?
THE government has raised land betterment charge (LBC) rates on average by 0.1 per cent to nearly 3 per cent for commercial, residential,…
Swedan Margen
Swedan Margen contributes to Cosmopolitan Canada across fashion, style, culture, and entertainment.
The work spans trend coverage, cultural conversation, and stories drawn from the publication's editorial partners, with source attribution provided within individual articles where applicable.
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Business
Asian chip shares tumble on Nvidia earnings, tariff fears
A POOR market reception of Nvidia’s earnings and the spectre of additional US tariffs have knocked down Asian chip stocks, dragging…
Business
Genting Malaysia stocks tumble after news of CEO change; Singapore counter holds relatively steady despite heavy trading
GENTING Bhd and Genting Malaysia shares plunged shortly after the market opened on Friday (Feb 28), after news broke on Thursday that Lim…
Business
Genting Bhd, Genting Malaysia take big tumble after news of CEO change; Genting Singapore edges marginally lower
GENTING Bhd and Genting Malaysia shares plunged shortly after the market opened on Friday (Feb 28), after news broke on Thursday that Lim…
Business
Bank of Japan vows to keep tapering bond buying despite rise in yields
THE Bank of Japan (BOJ) will keep tapering its government bond purchases despite recent rises in yields, deputy governor Shinichi Uchida…
Business
Gold set for first weekly drop in nine; focus on US inflation data
GOLD edged higher on Friday (Feb 28) but was set to snap an eight-week winning streak on a stronger US dollar, while investors turned…
Business
Daiwa House Logistics Trust H2 DPU Drops 10.3% to S$0.0234
The manager of Daiwa House Logistics Trust on Friday (Feb 28) posted a distribution per unit (DPU) of S$0.0234 for its second half ended…
Business
Singapore hedge fund with 33% gain bets big on Suzuki Motor
Suzuki’s shares have more than doubled since a 2022 low, beating the MSCI world auto benchmark’s 2.9 per cent rise A SINGAPORE-BASED hedge…
Business
Australia’s Star Entertainment expects to get liquidity offers, shares slump on pending results
The company is expected to report an underlying loss of A$79.5 million for the six months ended Dec 31, according to Visible Alpha…
Business
Zheneng Jinjiang H2 profit surges over 26 times to 411.6 million yuan; S$0.023 cash dividend per share proposed
CHINA-BASED waste treatment group Zheneng Jinjiang Environment reported a net profit of 411.6 million yuan (S$76.2 million) for the second…
Business
Autodesk to cut jobs as it targets higher profits
AUTODESK is planning to cut about 1,350 employees as part of a broader focus on profitability following pressure from investors including…
Business
Meta in talks to raise US$35 billion for data-centre financing led by Apollo
APOLLO Global Management is in talks to lead a roughly US$35 billion financing package for Meta Platforms to help develop data centres in…
Business
Who is Catherine Wu, adviser to Kwek Leng Beng?
CDL group chief executive Sherman Kwek says the “primary reason” for the ongoing dispute at the property behemoth relates to “a very…
Business
Who is Catherine Wu, the woman said to have a ‘long relationship’ with Kwek Leng Beng?
CDL group chief executive Sherman Kwek says the “primary reason” for the ongoing dispute at the property behemoth relates to “a very…
Business
US: Wall St opens higher as Nvidia’s forecast calms AI demand fears
WALL Street’s main indexes opened higher on Thursday (Feb 27) as AI bellwether Nvidia’s upbeat forecast soothed concerns of cooling demand…
Business
Sherman Kwek: CDL board rift sparked by action to rein in Catherine Wu, Kwek Leng Beng’s adviser
THE “primary reason” for the ongoing dispute at City Developments Ltd is “a very serious issue of corporate governance” involving Dr…
Business
Tencent releases new AI model, says replies faster than DeepSeek-R1
The success of DeepSeek’s R1 and V3 models has sent Chinese tech giants like Tencent scrambling to put out new versions of AI models…
Business
Porsche overtakes Ferrari as million-dollar car of the moment
THIS month, as car enthusiasts converge on Florida for two weeks, they will find 14 Porsches with estimates straddling the US$1 million…
Business
UOL H2 net profit falls 60% in absence of one-time gain
PROPERTY player UOL Group posted a 60 per cent fall in net profit to S$227.8 million for the six months ended Dec 31, 2024. This was…
Business
Singapore shares gain ground; STI rises 0.3% despite Yangzijiang Shipbuilding dive
The three local banks show mixed performance, with DBS declining while OCBC and UOB advance SINGAPORE equities climbed on Thursday (Feb…
Business
Centurion’s planned Reit will do the ‘heavy lifting’ of its assets: CEO
The group hopes to ‘rationalise its assets’ in a way that will help them to grow bigger PURPOSE-BUILT accommodation operator Centurion…
Business
GuocoLand inks MOU to jointly develop UEM Sunrise’s land bank in Iskandar Puteri
GUOCOLAND will partner Malaysia’s UEM Sunrise to develop selected freehold land parcels in Iskandar Puteri, within the Johor-Singapore…
Business
Quick takes: What observers are saying about the CDL boardroom tussle
One observer says the group could have better corporate governance, while another says its core businesses will remain unaffected A BATTLE…
Business
Some analysts downgrade CDL, reduce price target on boardroom tussle
ANALYSTS believe that the ongoing feud between CDL’s executive chairman Kwek Leng Beng and chief executive officer and his son, Sherman…