Business
Bukit Sembawang Estates H1 earnings dip 25% after completion of two condo developments
Bukit Sembawang Estates’ net profit for the half-year ended September fell 25 per cent year on year to S$47.2 million, primarily due to a…
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Business
Business
OCBC appoints Melvyn Low as group chief strategy and transformation officer
The industry veteran has held senior positions in cash management, trade and securities services at various regional and global banks OCBC…
Business
Singapore shares slide amid tech bubble jitters; STI down 0.1%
Singtel is the index’s biggest gainer, while Yangzijiang Shipbuilding drops the most Local shares ended Wednesday (Nov 5) lower, on the…
Business
Global private equity funds consider return to China as investors pivot from US
Private equity-backed deals targeting Chinese companies have totalled US$25 billion so far this year Global private equity partners are…
Business
Newly launched iEdge Singapore Next 50 Index posts 18% return in H2 to date
The new iEdge Singapore Next 50 Index has made a strong debut, generating an 18 per cent indicativetotal return in the second half of 2025…
Business
BMW boosts profit margin for cars in third quarter
BMW reported an operating margin of 5.2% for its automotive unit in the July-to-September period German carmaker BMW posted a…
Business
Hong Kong exchange profit jumps 56% on trading, IPO boom
The benchmark index has surged 29% driving stock and derivatives trading to records Hong Kong’s stock exchange reported another record…
Business
CDLHT sets up S$1.5 billion multicurrency debt issuance programme
CDL Hospitality Trusts (CDLHT), a stapled group consisting of CDL Hospitality Real Estate Investment Trust (H-Reit) and CDL Hospitality…
Business
China’s ICBC to open vault boosting Hong Kong’s gold ambitions
China’s largest state-owned bank plans to open a precious metals depository at Hong Kong International Airport, offering a boost to both…
Business
CapitaLand Investment raises over US$650 million for second lodging fund, exceeds target
CapitaLand Investment (CLI) has achieved the final close for its second lodging private fund, CapitaLand Ascott Residence Asia Fund II…
Business
EXCLUSIVE: Tory Burch Taps Joëlle Grunberg for North America President
Tory Burch has named Joëlle Grunberg president of North America, WWD has learned. Grunberg formerly worked at McKinsey & Co. as a partner…
Business
Bank of America’s Asia-Pacific president sees a silver lining in US dollar volatility
Investments in South-east Asia to flow to digital infrastructure, data centres, healthcare, says BOA’s Jin Su The US dollar has lost…
Business
Stocks tumble as stretched valuation fears grip markets
The warnings come as a surge in enthusiasm for generative AI has swept across stock markets worldwide this year, drawing comparisons to…
Business
Asia: Stocks tumble as stretched valuation fears grip markets
Asian stocks dived on Wednesday (Nov 5) and market volatility surged to levels not seen since April after an overnight tech-led sell-off…
Business
17 exotic cars, US$500,000 private chef: First Brands’ Malaysian-born founder accused of looting US$700 million
Liquidators accuse Patrick James of raising funds with non-existent or doctored invoices At first, the sales invoice said US$179.84.…
Business
China’s US$470 billion oil and gas splurge is just the start
The Asian nation still consumes far more than it produces, and that is unlikely to change any time soon Some 20 kilometres out from the…
Business
Lendlease Reit acquires remaining 70% of PLQ Mall for S$246.8 million
Deal will be financed by proposed private placement of units priced at S$0.597 to S$0.616 each The manager of Lendlease Global Commercial…
Business
Lendlease Reit acquires 70% of PLQ Mall
Deal will be financed by proposed private placement of units priced at S$0.597 to S$0.616 each The manager of Lendlease Global Commercial…
Business
Gold edges up on bargain-hunting as market awaits US jobs data
Bullion hit a record high of US$4,381.21 on Oct 20, but has fallen close to 10% since then. Gold prices edged higher on Wednesday (Nov 5)…
Business
Indonesian bonds hit by foreign fund outflows on policy woes
Foreign investors sold Indonesian government bonds again last month, underscoring concerns over the government’s plans to increase…
Business
Yangzijiang Shipbuilding tumbles 5% after BlackRock sells 37.8 million shares
Shares of Yangzijiang Shipbuilding fell as much as 5 per cent on Wednesday (Nov 5) after asset manager BlackRock ceased to be a…
Business
Yangzijiang Shipbuilding falls 2.9% after BlackRock sells 37.8 million shares
Shares of Yangzijiang Shipbuilding fell as much as 5 per cent on Wednesday (Nov 5) after asset manager BlackRock ceased to be a…
Business
Stocks to watch: SIA Engineering, Parkway Life Reit, Lendlease Reit, Aims Apac Reit, Manulife US Reit
The following companies saw new developments that may affect trading of their securities on Wednesday (Nov 5): SIA Engineering: The…
Business
‘All the signs are positive’: Manulife US Reit manager sees improved outlook on US office recovery
Some 81,000 sq ft of leases have been executed in the quarter, making up 2.3% of the portfolio’s net lettable area The manager of Manulife…