Business
Duty Free International returns to the black with RM2.6 million Q2 net profit
Revenue for the quarter is up 14.5% at RM42.6 million amid stronger customer demand Malaysian retail group Duty Free International…
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Business
NetLink opens S$110 million Seletar Central Office to serve northern Singapore
The facility will benefit upcoming developments including the North-South Corridor and 40,000 new homes Internet service provider NetLink…
Business
CapitaLand Ascendas Reit to acquire 3 Singapore properties for about S$565.8 million
It will increase the value of Clar’s portfolio in the Republic to around S$12.3 billion The manager of CapitaLand Ascendas Reit (Clar) on…
Business
ExxonMobil expects up to US$300 million boost to Q3 upstream earnings from oil prices
EXXONMOBIL said on Monday changes in crude oil prices over the third quarter could impact the company’s upstream earnings from negative…
Business
Thakral to receive S$13.1 million from sale of shares in UK beauty company, ahead of London IPO
Thakral’s remaining TBTG shares will be worth £18.1 million (S$31.5 million) immediately upon listing Singapore-listed Thakral Corp will…
Business
Del Monte expects to raise US$500 million to US$600 million in private placement to tackle debt
The company is also considering asset disposals and engaging bankers on its loans Del Monte Pacific could raise between US$500 million and…
News
Close to a million Palestinians evacuate Gaza City, some 200,000 remain, IDF says
Around 900,000 Palestinians have evacuated Gaza City since mid-August, with approximately 100,000 reportedly evacuating over the past…
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Oksana Baiul: Olympic Gold Medalist Forced to Sell Her $1.2 Million Louisiana Home after Failing to Make a Living as She Goes Through Divorce
An Olympic gold medalist is selling her $1.2 million mansion after her plans to build a successful life in Louisiana failed, forcing her…
Business
UOL, SingLand and CapitaLand complete S$810 million Thomson View en bloc deal
The residents stand to receive between S$2.2 million and S$4.9 million each, depending on the size of their unit The S$810 million sale of…
Business
Aster Chemicals invests US$125 million in mooring, pipeline works for Singapore refinery
Singapore’s Aster Chemicals and Energy is investing US$125 million to upgrade its single buoy mooring and pipeline infrastructure near…
Business
OUE Reit unit prices S$150 million green notes due 2032 at 2.75%
Net proceeds will go exclusively towards projects that meet at least one eligibility category in the real estate investment trust’s green…
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YouTube to pay US$24.5 million to settle Trump account suspension suit
ALPHABET-OWNED YouTube has agreed to pay US$24.5 million to settle a lawsuit that US President Donald Trump brought against the company…
Business
Yangzijiang Shipbuilding closes 1.5% lower on cancellation of US$180 million in contracts
It terminated shipbuilding contracts with an unnamed buyer whose sole shareholder is allegedly involved in evading US sanctions, laws and…
Business
Wilmar maintains profit expectations; CEO scoops up S$2.7 million of shares as stock tumbles
Despite a verdict from the Indonesia Supreme Court requiring Wilmar International to pay five billion rupiah (S$387,047) worth of fines…
Business
Wilmar maintains profit expectations; CEO scoops up S$2.7 million of shares as stock falls
Despite a verdict from the Indonesia Supreme Court requiring Wilmar International to pay five billion rupiah (S$387,047) worth of fines…
Business
UOA Expands Footprint in Vietnam with $68 Million Ho Chi Minh City Deal
With the purchase of a prime land site in the heart of Ho Chi Minh City for $68 million, United Overseas Australia has increased its…
Business
F&N Malaysia unit to sell 50% stake in property development JV for about RM180 million
The sale of its interest in the joint venture with Frasers Property is expected to result in a one-off gain of about RM83.2 million Fraser…
Business
Thakral to receive up to £8.1 million in proceeds from potential sale of stake in UK company
The Beauty Tech Group, in which Thakral holds a 9.6% stake, is set to list on the London Stock Exchange in October Thakral on Thursday…
Business
US Steel approves US$300 million tranche of Nippon Steel spending
UNITED States Steel approved a US$300 million investment to upgrade some of its facilities, advancing part of an US$11 billion commitment…
Business
Centurion Accommodation Reit’s offer of 262.1 million units oversubscribed by 16.6 times
The manager of Centurion Accommodation Real Estate Investment Trust (Reit) on Wednesday (Sep 24) said that the 262.2 million units on…
Business
Singtel’s Optus served A$100 million fine by Australia’s Federal Court for “appalling” actions against disadvantaged consumers
The telco sold phones and contracts to over 400 such consumers, including those with mental disabilities and learning difficulties, or who…
Business
Food Empire raises S$42.8 million from placement of 17 million treasury shares
The placement is expected to broaden the company’s investor base and position it for future growth opportunities Food Empire raised around…
Business
Seatrium divests AmFELS shipyard in Texas for S$65 million
It allows the group to enhance capital and operational efficiencies, while unlocking value from one of its surplus facilities Offshore,…
Business
Revolut to spend US$13 billion on its push for 100 million users
Revolut plans to enter 30 new geographies by the end of the decade, a strategy that will ultimately see the fintech invest US$13 billion…