Business
Trump Corruption Hits Next Level With Pardon Tied to $1 Million Dinner
“We’ve lost some sales perhaps on the left, but we’ve gained them on the right. The sales numbers at this point are strong and we see no…
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Business
Peirce Hill bungalow owned by wife of 3AC’s Kyle Davies sells for S$37 million
A bungalow in Peirce Hill owned by the wife of failed Three Arrows Capital (3AC) co-founder Kyle Davies is in the early stage of being…
Business
Denso in talks to buy Temasek-backed seed maker for US$500 million
Denso is in final talks to buy a Temasek-backed seed supplier for around US$500 million, as the Japanese vehicle parts supplier deepens…
Business
Singapore-based Quadria’s 3rd healthcare fund closes at US$1.1 billion, above US$800 million target
Quadria Capital, a Singapore-based private equity (PE) firm, announced on Tuesday (May 27) the final close of its third healthcare fund at…
Business
Bukit Sembawang Estates H2 FY2025 earnings up 13% at S$51.4 million
Property developer Bukit Sembawang Estates reported a net profit after tax of S$51.4 million for the second half of its financial year…
Business
Bukit Sembawang H2 earnings up 13% at S$51.4 million; company proposes higher special dividend
Property developer Bukit Sembawang Estates reported net profit after tax of S$51.4 million for the second half of its financial year…
Business
Boustead’s H2 profit up 48 per cent to S$59.1 million
Engineering and technology group Boustead Singapore’s net profit for the six months ended Mar 31, 2024, increased 58 per cent to S$59.1…
Business
Japan Foods H2 loss widens to S$6.2 million amid ‘challenging year’ for Singapore F&B
Restaurant operator Japan Foods on Sunday (May 25) reported a loss of S$6.2 million for the second half ended Mar 31, 2025, sinking…
Business
The Hour Glass H2 profit falls 6% to S$74.4 million on increased operating expenses
The Hour Glass has reported a 6 per cent drop in net profit to S$74.4 million in the six months ended March 2025, from S$79.5 million in…
Business
Trust Bank’s FY2024 loss narrows to S$93.4 million
Deposit balances double to S$3.8 billion, from S$1.9 billion a year ago, attributable to the launch of Trust+ Trust Bank on Friday (May…
Business
Sats Q4 profit rises 18.3% to S$38.7 million
In-flight caterer Sats on Friday (May 23) reported net profit of S$38.7 million for the three months ended Mar 31, 2025, gaining 18.3 per…
Business
RedBird Capital agrees to a £500 million deal to buy UK’s Telegraph newspaper
The current government’s decision to allow foreign state-owned investors to own up to 15% of British newspaper publishers helped unlock a…
Business
Metro sinks into the red with H2 net loss of S$228.1 million on lower revenue
Metro sank into the red for its second half ended March, with a net loss of S$228.1 million, reversingfrom a S$6.4 million net profit in…
Business
Changi Airport Group full-year net profit doubles to S$841 million
Changi Airport Group (CAG) saw its net profit almost double to S$841 million for the full year ended Mar 31, up from S$431 million in the…
Business
CapitaLand Ascott Trust prices S$260 million of perpetuals at 4.2%
The issuance, with OCBC as lead manager and bookrunner, is expected to be on or around May 28 HOSPITALITY player CapitaLand Ascott Trust…
Business
Yoma Strategic’s H2 profit falls 12.4% to US$18.3 million
Yoma Strategic Holdings posted a 12.4 per cent decline in net profit for the second half-year ended Mar 31 to US$18.3 million, from…
Business
Julius Baer faces US$156 million loan loss charge
Julius Baer Group said it’s booking another large loss from property developments it helped finance, just as the Swiss wealth manager is…
Business
Britain's M&S says cyberattack to cost US$400 million
British retailer Marks & Spencer said on Wednesday (May 21) a “highly sophisticated cyber” attack would cost it about US$403 million in…
Business
Temasek’s SeaTown to invest up to S$115 million in AddVita
SeaTown Holdings, an investment manager indirectly owned by Temasek, said on Wednesday (May 21) it is committing up to S$115 million in…
Business
PwC launches AI hub in Singapore with over US$4 million commitment
PwC launched an artificial intelligence (AI) hub in Singapore on Wednesday (May 21), committing more than US$4 million over a three-year…
Beauty
Unilever Invests 80 Million Pounds in Fragrance Research, Development in the U.K.
LONDON — Unilever is investing 80 million pounds in the U.K., with plans to build a state-of-the-art fragrance research and development…
Business
Mapletree Industrial Trust divests three Singapore industrial assets for S$535.3 million
Mapletree Industrial Trust (MIT) divested three of its Singapore industrial properties to Brookfield Asset Management for S$535.3 million,…
Business
LHN net profit for H1 rises 8.8% to S$14.1 million
LHN’s net profit for the first half ended March 31 rose 8.8 per cent to S$14.1 million from S$13 million in the year ago period. The real…