Business
Hong Leong Finance posts 10% rise in H2 profit to S$51.5 million, as net interest margin expands
HONG Leong Finance posted a 10 per cent rise in net profit to S$51.5 million for the six months ended December 2024. This was driven by an…
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
Disclosure-based regulatory system and investor protection ‘not mutually exclusive’: Chee Hong Tat
THE move towards a more disclosure-based regulatory system for Singapore’s equity market does not mean that protection for investors will…
Business
Riverstone posts 3.7% Q4 profit rise, proposes special dividend amid semicon recovery
GLOVEMAKER Riverstone posted a 3.7 per cent rise in net profit to RM70 million (S$21.2 million) for the three months ended December 2024,…
Business
Sats posts 123.5% rise in Q3 net profit on higher business volume, rate increases
CATERING and ground handling company Sats posted a 123.5 per cent increase in net profit to S$70.4 million for the quarter ended Dec 31,…
Business
CapitaLand India Trust to buy Bengaluru office project for 14.7 billion rupees
CAPITALAND India Trust (Clint) will purchase a 1.13 million-square-foot (sq ft) office project in Bengaluru from luxury residence…
Business
Vicom posts 11% higher H2 net profit on robust demand for vehicle testing
VEHICLE Inspection company Vicom posted 11 per cent higher net profit of S$15.2 million for the half-year ended Dec 31, 2024, from S$13.7…
Business
Singapore stocks end up on Friday as regional indices gain ground; STI expands 0.1%
SINGAPORE equities finished higher on Friday (Feb 21) amid regional gains and a flurry of earnings reports. The benchmark Straits Times…
Business
Trust Bank hits one million customers, launches investment products
SINGAPORE digital bank Trust Bank has hit the one-million-customer milestone, making up about 20 per cent of the adult population in the…
Business
EDB managing director Jacqueline Poh named JTC’s new CEO
THE Ministry of Trade and Industry (MTI) on Friday (Feb 21) announced that JTC Corporation will appoint a new chief executive officer.…
Business
StanChart CEO Winters’ 2024 pay jumps 46% on-year
The surge in total remuneration comes mainly from a nearly 78% increase in the long-term incentive award STANDARD Chartered chief…
Business
Malaysia Starbucks franchise holder triples loss on boycotts
BERJAYA Food’s hundreds of Starbucks’ subsidiary outlets across Malaysia contributed to the company’s fifth straight quarterly loss after…
Business
Jefferies hires two senior traders from CLSA in Asia push
JEFFERIES Financial Group hired two senior traders from CLSA, building out in Asia-Pacific after its revenue in the region jumped last…
Business
StanChart to return US$1.5 billion more as Q4 earnings beat estimates
STANDARD Chartered said it would hand back US$1.5 billion more to shareholders as it reported fourth-quarter earnings that beat estimates,…
Business
IMF calls for Thai rate cut to support inflation, ease debt load
A FURTHER reduction in Thailand’s policy interest rate will help shore up low inflation and ease the burden for local borrowers, according…
Business
Rex International falls 19.5% to S$0.173 on heavy trading after profit warning
SHARES of oil exploration and production company Rex International fell on Friday (Feb 21) morning on heavy trading after the company said…
Business
PBOC injects most short-term funds this month amid cash crunch
The PBOC has been tolerating a surge in repo rates and kept liquidity conditions tight, aiming to support the yuan amid economic headwinds…
Business
Chinese bubble tea chain Mixue aims to raise US$443 million in Hong Kong IPO
Mixue has 45,000 stores in mainland China and 11 other countries through a major franchise network CHINA’S largest bubble tea and drinks…
Business
Stocks to watch: Wilmar, SIA, Genting Singapore, Starhub, FEHT, The Hour Glass, UOL
THE following companies saw new developments that may affect trading of their securities on Friday (Feb 21): Wilmar: It posted on Thursday…
Business
Seatrium achieves first full-year profit with S$120.9 million H2 earnings
On its return to profitability, the company proposes a final dividend of S$0.015 a share SEATRIUM swung into the black with a net profit…
Business
Payments firm Block’s profit misses estimate on underwhelming holiday spending
BLOCK’S fourth-quarter profit fell short of estimates as spending growth during the holiday season and gains from a post-election surge in…
Business
Rivian records first gross profit as EV policy risks loom
RIVIAN Automotive recorded its first-ever quarterly gross profit to close out 2024, achieving a long-held goal even as it warned that…
Business
Birkenstock slumps as unchanged outlook overshadows sales boost
BIRKENSTOCK Holding shares fell after the German shoe company opted to keep its outlook unchanged, even as sales of its high-end sandals…
News
Smart Ways to Save Money on Everyday Items
Saving money does not mean depriving yourself of the things you love. It means smarter spending and getting more value per dollar. From…
Business
US: Wall St opens lower as markets assess Trump’s tariff threats; Walmart drops
WALL Street’s main indexes opened lower on Thursday (Feb 20) as investors avoided risky bets after another bout of tariff threats from…