Business
UK vehicle production faces global challenges amid declining output
UK vehicle production experienced a drop of 17.7% in January, with a total output of 78,012 units, according to the Society of Motor…
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Business
Business
US: Wall St opens subdued after in-line inflation data
WALL Street’s main indexes had a subdued start on Friday (Feb 28) after data showed inflation rose as expected in January, while concerns…
Business
SGX sees ‘robust’ IPO pipeline as Singapore explores ‘sweet spot’ to draw listings
The Republic could also attract regional firms seeking access to international markets, says the bourse’s head of global sales and…
Business
Malaysia’s palm oil giant FGV expects higher profit margins in 2025
MALAYSIAN palm oil planter FGV Holdings said on Friday (Feb 28) it expected higher profit margins in 2025, boosted by improved…
Business
Far East Orchard H2 net profit down 29.4% on lower fair value gains, higher costs
HOSPITALITY and student housing player Far East Orchard’s net profit fell 29.4 per cent to S$40.7 million for the six months ended Dec 31,…
Business
Singapore stocks fall as trade tariff concerns re-emerge overnight; STI down 0.7%
SINGAPORE stocks fell in tandem with other regional markets on Friday (Feb 28) as investors reassessed the potential impact of tariffs…
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,…
Business
EXCLUSIVE: Suki Waterhouse and Poppy Jamie Are Launching an App for Friend Groups to Practice Gratitude Every Day
Suki Waterhouse is all in on gratitude. The actress/musician and her best friend Poppy Jamie on Friday are launching With Gratitude, an…
Business
UN talks end in Rome with nations backing $200 billion a year plan to protect nature
BOGOTA, Colombia (AP) — Global negotiators concluded an extended session of the United Nations biodiversity conference, COP16, with key…
Business
Mimi Flamingo Debuts in Swimwear Market
Swim USA, the family-owned and -operated company behind well-known swimwear labels Miraclesuit, Vitamin A and more, introduced its new…
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
Mercedes-Benz plans workforce cuts in China by 2027
Mercedes-Benz might be the next German automaker to lose out in the Chinese market. According to a recent Reuters report from an anonymous…
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…