Business
UOB outlook lags that of DBS, OCBC amid spotlight on asset quality in Q3
Analysts remain positive on DBS and OCBC given resilient results supported by strong non-interest income The market outlook for UOB has…
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Business
Business
CapitaLand Ascendas Reit to divest logistics property in Australia for S$90 million
Sale consideration is a 17.2% premium to the original purchase price of S$76.8 million when the property was acquired in 2015 CapitaLand…
Business
Diversification is even more urgent post ‘Liberation Day’, says DBS CEO Tan Su Shan
DBS Group chief executive Tan Su Shan said it was more important for businesses to diversify after the US announced tariffs on imports…
Business
DBS CEO Tan Su Shan sees tech-led growth in China despite property slowdown
China’s push into deep technology and artificial intelligence is creating pockets of growth despite an uneven recovery in its property…
Business
Prime US Reit Q3 distributable income falls 25.9% to US$6.3 million; raises distributable income payout ratio to at least 50%
The manager of Prime US Reit on Tuesday (Nov 11) posted a distributable income of US$6.3 million in Q3, down 25.9 per cent from US$8.5…
Business
Prime US Reit raises distributable income payout ratio to at least 50%; records lower Q3 income
A distribution of only 10% of the distributable income has been declared for the last two one-year periods since Jul 1, 2023, the manager…
Business
SBS Transit Q3 earnings fall 20.6% due to lower interest income
Revenue is also lower due to the loss of the Jurong West contract package to SMRT in September 2024 Bus and train operator SBS Transit’s…
Business
UK unemployment at its highest since pandemic as jobs market cools
The jobless rate climbed to 5 per cent in the three months through September, up from 4.8 per cent the month before UK unemployment rose…
Business
Burger King to enter China joint venture, plans to double stores
The new joint venture, Burger King China, will receive US$350 million in investment CPE US fast-food chain Burger King will rapidly expand…
Business
KKR, Singtel seek S$5 billion loan for STT GDC buyout
If finalised, this deal could mark Asia’s largest-ever leveraged buyout financing in the data centre sector A consortium comprising of KKR…
Business
KKR, Singtel seek S$5 billion loan for STT GDC buyout: sources
If finalised, this deal could mark Asia’s largest-ever leveraged buyout financing in the data-centre sector A consortium comprising of KKR…
Business
STI rises on Tuesday amid mixed regional performance
Straits Times Index closes up 1.2% or 54.07 points at 4,542.20 while the iEdge Singapore Next 50 Index rises 0.5% or 7.11 points to…
Business
Banks and landlords are pounding on the door; will mm2 Asia survive the siege?
It has been a difficult year for mm2 Asia, whose Cathay Cineplexes unit has already entered voluntary liquidation Mired in debt and facing…
Business
Banks and landlords are pounding on the door; can mm2 Asia survive the siege?
It has been a difficult year for mm2 Asia, whose Cathay Cineplexes unit has already entered voluntary liquidation Mired in debt and facing…
Business
Sony raises profit forecast by 8%, cites lower tariff impact, anime strength
The Japanese conglomerate has become an entertainment powerhouse and is banking on the growth of anime Sony raised its operating profit…
Business
South-east Asia’s digital economy revenue set to hit US$100 billion in 2025: e-Conomy report
The region’s gross merchandise value is also expected to grow to US$305 billion this year The digital economies of South-east Asia are…
Business
South-east Asia’s digital economy revenue set to hit US$135 billion in 2025: report
The region’s gross merchandise value is also expected to grow to US$305 billion this year The digital economies of South-east Asia are…
Business
Singapore’s Pulau Bukom to house new sustainable aviation fuel plant by Aster, Aether Fuels
The move comes amid a deal spree by Aster, a joint venture between Indonesia’s Chandra Asri and commodities trader Glencore Refining and…
Business
Garuda’s fleet growth at risk as Danantara trims funding
Indonesia’s sovereign wealth fund Danantara is reducing its financial support for flag carrier Garuda Indonesia, putting in doubt the…
Business
How JU Productions Is Revolutionizing E-Commerce Photography Through Shared Lookbook Innovation
In an era when artificial intelligence is redefining creative industries, few entrepreneurs have responded with as much foresight and…
Business
Straits Trading partners Cromwell, divests 19.9% of Australian industrial portfolio for S$40.5m
Mainboard-listed Straits Trading announced a partnership with Cromwell Property Group on Tuesday (Nov 11) to grow its Australian…
Business
Thailand’s central bank chief breaks tradition with a simple ‘hello’
“JUST popping in to say hello.” Late one Tuesday night, Bank of Thailand Governor Vitai Ratanakorn surprised more than a hundred…
Business
SoftBank-backed travel app Klook files for US IPO
TRAVEL and leisure booking platform Klook Technology has filed for an initial public offering in New York, as signs emerged of a potential…
Business
Malo Comes Back to the U.S. With Women’s Capsule at Saks, Neiman Marcus
MILAN — Luxury Italian cashmere brand Malo is coming back Stateside, courtesy of an exclusive partnership with Saks Global. Less than…