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,…
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Business
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
Wellness CEO Henry Davis Takes Life One Quarterly Playlist at a Time
Set aside his trajectory as an investment-banker-turned-Glossier-president and now Sakara Life chief executive officer, Henry Davis still…
Business
BCEO Talks: Michelle Peluso, CEO of Revlon
Revlon‘s newly minted chief executive officer Michelle Peluso wants to make the company unforgettable — for all the right reasons. Taking…
Business
Old clip falsely shared as showing Kenyan ex-leader's reaction to losing 2025 AUC race
Kenya’s former leader Raila Odinga lost the race to lead the African Union Commission (AUC) to Djibouti’s foreign affairs minister in…
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
EXCLUSIVE: Zegna to Stage Show in Dubai, Villa Zegna in June
MILAN — “Luxury is about movement, evolution and embracing new perspectives,” according to Gildo Zegna, chairman and chief executive…
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
The 2025 100 Greatest Hair Products of All Time
If you purchase an independently reviewed product or service through a link on our website, WWD may receive an affiliate commission. Big…
Business
Saks Global’s New Payment Terms Trigger Strong Industry Reaction
Playing hard ball. That’s how many vendors view Saks Global’s new approach to paying them for past and future orders, while expressing…