Business
BHG Retail Reit H1 DPU falls 12% on lower revenue, forex impact
BHG Retail Reit’s distribution per unit (DPU) fell by 12 per cent to S$0.0022 for its first half year ended June, from S$0.0025 the year…
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Business
Business
Riverstone Q2 earnings fall 37.4% to RM45.4 million
Gloves maker Riverstone Holdings posted a 37.4 per cent year on year drop in net profit to RM45.4 million (S$13.8 million) for the quarter…
Business
‘We are a big tanker; we are shifting’: UOB’s Wee Ee Cheong takes long-term view on trade loans
Trade loans remain a relatively small portion of UOB’s total portfolio, but their contribution to the bank’s balance sheet is expected to…
Business
Azalea’s Astrea 9 bonds over 3 times subscribed, draw more than S$3.4 billion in demand
Investor demand for the latest Astrea private equity (PE) bonds has surged, with total subscriptions surpassing S$3.4 billion across all…
Business
Singapore Land posts 7% higher earnings of S$111.4 million for H1
Its revenue rose 8% to S$368.3 million on the back of higher conributions from property investments and technology operations Property…
Business
Bank of England cuts rates to 4% after narrow 5-4 vote
The Bank of England (BOE) cut interest rates on Thursday (Aug 7) but four of its nine policymakers – worried about high inflation – sought…
Business
Keppel raises S$6.3 billion in private funds for education and data centre assets
Keppel has secured S$6.3 billion in funds under management so far this year for its private fund strategies, including education assets…
Business
Genting Singapore H1 profit falls 34% to S$234.7 million on weaker gaming, room revenue
Resort and casino operator Genting Singapore reported a 34 per cent drop in profit for the first half of the year to S$234.7 million.…
Business
Singapore shares rise, mirroring regional gains despite tariff kick-off; STI up 0.7%
Local stocks closed higher on Thursday (Aug 7), extending their winning streak to a fourth consecutive session, in line with broader gains…
Business
Chinese drone maker DJI shut out of Washington with US market at risk
Chinese-owned and operated DJI Technologies is up against an end-of-year deadline to keep its US business alive, and the drone maker is…
Business
Hyflux’s ex-director pleads guilty to disclosure-related charge, fined S$90,000 and disqualified from directorship
A former independent director of Hyflux pleaded guilty on Thursday (Aug 7) to being negligent in the insolvent water treatment firm’s…
Business
Hyflux’s ex-director pleads guilty to disclosure-related charge, fined S$90,000 and barred from directorships
A former independent director of Hyflux pleaded guilty on Thursday (Aug 7) to being negligent in the insolvent water treatment firm’s…
Business
Hyflux’s ex-director Mitta fined S$90,000, barred from directorships; Olivia Lum’s trial starts Aug 11
A former independent director of Hyflux pleaded guilty on Thursday (Aug 7) to being negligent in the insolvent water treatment firm’s…
Business
Mining giants squeeze dividends with an eye toward funding growth
So far this earnings season, large miners are paying out their lowest dividends in years, as mineral prices slip and they need to retain…
Business
Who is Alex Butler? Seattle Teenager Becomes Millionaire After Selling Card Game He Invented at 7
Alex Butler, 15, became a millionaire by selling a card game he invented when he was seven years old. The Seattle teenager reportedly sold…
Business
Singapore new corporate debt issuance up 34% to S$308 billion in 2024
The corporate debt market saw robust growth in 2024, with new debt issuances rising 34 per cent year on year to S$308 billion. This…
Business
China stocks close at highest level since 2021 on upbeat trade data
Investors remain focused on an Aug 12 deadline to see if Beijing and Washington will reach a durable tariff agreement. China stocks rose…
Business
DBS looks to volume growth to mitigate falling interest rates; stock soars to record high
DBS expects deposits volume growth will continue to support net interest income for 2025, even as its net interest margin (NIM) declines…
Business
DBS looks to volume growth to mitigate falling interest rates; stock soars to record high, hits S$50 mark
Shares of DBS soared to a record high on Thursday (Aug 7) – briefly hitting a milestone S$50 mark – as South-east Asia’s biggest lender…
Business
Chinese firms sell record amount of currency options in first half of 2025
Broad US dollar weakness has underpinned the renminbi, but domestic economic weakness and lingering trade uncertainty with the US have…
Business
Siemens revenue climbs on robust demand for rail products
To improve profitability, the company is pivoting towards software-driven product lines in all its units Siemens’s revenue and orders rose…
Business
VietJet to hire more than 5,000 new Thai staff for expansion
VietJet Aviation plans to employ more than 5,000 new staff in Thailand as Vietnam’s biggest budget carrier accelerates flight and route…
Business
Soko Glam to Launch K-beauty Shops-in-shop at Space NK
Fresh off its acquisition by Ulta Beauty last month, U.K.-based beauty retailer Space NK is welcoming another retailer crossover. The…
Business
UOB resumes guidance for FY2025 with trimmed forecasts amid Q2 earnings miss
UOB has resumed guidance on its full-year 2025 targets after briefly pausing them in the first quarter, but the projections are now…