Business
mm2 Asia’s woes deepen as UOB demands S$74.6 million payment
Entertainment group mm2 Asia on Monday (Nov 10) said in a bourse filing that UOB has demanded repayment of about S$74.6 million from the…
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Business
SingPost H1 profit down 12.8% at S$19.7 million amid challenging operating environment
Singapore Post (SingPost) posted a 12.8 per cent drop in net profit to S$19.7 million for its first half ended Sep 30, from S$22.6 million…
Business
SingPost H1 profit down 12.8% at S$19.7 million amid divestments, tough e-commerce business
Singapore Post (SingPost) posted a 12.8 per cent drop in net profit to S$19.7 million for its first half year ended Sep 30, from S$22.6…
Business
Sri Trang Agro-Industry posts Q3 loss of 841.9 million baht amid lower rubber prices, tariff uncertainty
Sri Trang Agro-Industry fell into the red with a net loss of 841.9 million baht (S$33.8 million) for the third quarter ended Sep 30,…
Business
Sri Trang Gloves Q3 loss widens to 106 million baht on impairment, derivative losses
The steeper net loss comes as its top line decreases 5.6% year on year to 6.1 billion baht, even as sales volume rises Sri Trang Gloves’…
Business
UMS Q3 earnings rise 1% to S$10.5 million, announces 1-for-4 bonus issue
UMS Integration on Friday (Nov 7) reported a 1 per cent year-on-year rise in net profit to S$10.5 million for the third quarter ended Sep…
Business
Cortina’s H1 profit rises 10% to S$30.5 million amid stronger regional sales
Luxury watch retailer Cortina posted a 10 per cent rise in net profit to S$30.5 million for the six months ended Sep 30, up from S$27.8…
Business
AvePoint Q3 earnings jump four times to US$13 million; shares fall on EPS miss
Cybersecurity company AvePoint has posted a 396.8 per cent increase in net profit to US$13 million for its third quarter ended Sep 30,…
Business
First Brands says it needs US$600 million or ‘it’s game over’
FIRST Brands Group lawyers said the company needs access to its roughly US$600 million of remaining bankruptcy financing to keep the…
Business
Fu Yu receives letters of demand from fired CEO seeking S$2 million over salary and alleged defamation
The sum claimed by David Seow includes over S$1.8 million in salary and S$200,000 in damages Fu Yu has received two letters of demand from…
Business
Germany fines JPMorgan €45 million for anti-money-laundering failings
Germany’s financial watchdog BaFin has fined JPMorgan €45 million after finding shortcomings in the US bank’s money laundering prevention…
Business
Thakral’s profit triples to S$19.5 million on divestment of Osaka property
Investment and lifestyle group Thakral Corporation’s net profit more than tripled to S$19.5 million for the third quarter ended Sep 30, up…
Business
Far East Orchard’s 9M profit more than doubles to S$37.6 million
Hospitality and student housing player Far East Orchard’s net profit more than doubled to S$37.6 million for the nine months ended Sep 30,…
Business
Genting Singapore Q3 net profit rises 19% to S$94.6 million amid higher VIP volume, win rate
Genting Singapore posted a 19 per cent year-on-year increase in net profit to S$94.6 million for the third quarter ended Sep 30, with…
Business
UOB’s S$885 million allowance build-up ‘prudent’ despite Q3 profit hit: analysts
UOB’s S$885 million move to shore up its allowances is a “prudent” step that brings its provision ratios in line with those of DBS and…
Business
Lendlease Reit raises S$280 million in private placement
The manager of Lendlease Global Commercial Real Estate Investment Trust (Reit) on Thursday (Nov 6) announced the successful completion of…
Business
Snap tops revenue estimate and unveils US$400 million deal with Perplexity AI, shares jump
SNAP beat third-quarter revenue estimate on Wednesday and said it has partnered with Perplexity AI to integrate its artificial…
Business
Stoneweg Europe Stapled Trust 9M distributable income falls 4.6% to 57.6 million euros
The distributable income of Stoneweg Europe Stapled Trust (Sert) declined 4.6 per cent to 57.6 million euros (S$86.5 million) for the nine…
Business
UOB Q3 net profit tumbles to S$443 million as it shores up pre-emptive general allowances
UOB’s net profit for the third quarter ended Sep 30, 2025, fell as the lender “pre-emptively set aside” additional allowances. Net profit…
Business
S$1 billion jump in allowances slash UOB Q3 profit to S$443 million
Move made ‘amid evolving macroeconomic conditions’; operating results down 16% at S$1.8 billion UOB’s net profit for the third quarter…
Business
Qatar Airways sells entire Cathay Pacific stake for US$897 million
The Middle Eastern airline has pursued a strategy of investing in airlines worldwide to strengthen its competitive position State-owned…
Business
Coliwoo’s public offer of 5.3 million shares 20.7 times subscribed
Coliwoo has drawn strong investor interest for its initial public offering (IPO), with 5.3 million public offer shares about 20.7 times…
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
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.…