Business
Bain nears deal to acquire Blackstone’s Avery Lodge
BAIN Capital is nearing a deal to acquire Blackstone’s Singapore worker dormitory firm Avery Lodge after outbidding other rival private…
Kim Browne
As an editor at GQ British, I specialize in exploring Lifestyle success stories. My passion lies in delivering impactful content that resonates with readers and sparks meaningful conversations.
Business
DBS eyes Malaysian bank stakes in expansion push: sources
SINGAPORE’S biggest lender DBS is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian…
Business
OpenAI’s ChatGPT back up after brief outage
MICROSOFT-backed OpenAI popular chatbot ChatGPT was back up after an outage affected thousands of users, the company said on Friday (Nov…
News
Dollar on track for weekly gain after Trump election win
THE dollar rose on Friday (Nov 8) and was heading for a weekly gain as investors evaluated the likely impact on the American economy of…
News
Oil settles down 2% on receding hurricane risk, lacklustre China stimulus
OIL prices settled more than 2 per cent lower on Friday (Nov 8) as traders grew less fearful of prolonged supply disruptions from a…
Business
US: S&P 500 breaks 6,000 level as Trump and Fed-fueled rally advances
THE S&P 500 briefly surpassed the 6,000 mark and closed with its biggest weekly percentage gain in a year, as Donald Trump’s election…
Business
Sri Trang Agro-Industry posts Q3 net profit of 517.3 million baht
RUBBER group Sri Trang Agro-Industry reported a net profit of 517.3 million baht (S$20 million) for the third quarter ended Sep 30. This…
News
TikTok hopes for lifeline from President-elect Trump, who once favoured ban
SOME TikTok staff and creators, bracing for a potential ban of the popular video-sharing platform as soon as January, have come to see…
Business
US: Wall St opens flat as rally from Trump win, rate cut cools
WALL Street opened on a muted note on Friday (Nov 8), as a rally powered by a sweeping Trump win and an expected interest-rate cut paused,…
Business
Sri Trang Gloves posts Q3 loss of 86.5 million baht on depreciation of Thai currency
GLOVE manufacturer Sri Trang Gloves reported a net loss of 86.5 million baht (S$3.4 million) for the three months ended Sep 30, a 282.4…
News
Make new friends and boost hiring: How China’s chip industry plans to deal with Trump
CHINA’S semiconductor industry is readying itself for four more combative years under Donald Trump as US president by ramping up purchases…
Business
SBS Transit Q3 earnings 1.7% higher at S$18.2 million in spite of lower operating profit
LISTED bus and train operator SBS Transit’snet profit inched up 1.7 per cent year on year to S$18.2 million for the third quarter of…
Business
TSMC to suspend production of advanced AI chips for China from Nov 11, FT reports
TAIWAN Semiconductor Manufacturing Company (TSMC) has notified Chinese chip design companies that it is suspending production of their…
Business
UMS Integration Q3 profit slumps 32% to S$10.4 million
SEMICONDUCTOR manufacturer UMS Integration on Friday (Nov 8) reported a 32 per cent decline in profit to S$10.4 million for the three…
Business
Stamford Land returns to black with H1 profit of S$15.2 million
This is largely due to the absence of a S$71.2 million fair value loss on investment property recorded a year ago PROPERTY company…
Business
Venture Corp’s Q3 net profit falls 4.7% to S$60.6 million
TECHNOLOGY company Venture Corporation reported a 4.7 per cent quarter-on-quarter (qoq) fall in net profit to S$60.6 million for the third…
Business
Singapore banks lead STI rally; index closes up 1.4%
THE Straits Times Index (STI) continued to rally on Friday (Nov 8), hitting a 10-year high. It was up 1.4 per cent or 50.88 points at…
Business
Singapore Airlines Q2 profit falls 59% to S$290 million on weaker operating performance
NATIONAL carrier Singapore Airlines (SIA) on Friday (Nov 8) reported a net profit of S$290 million for the second quarter ended Sep 30,…
Business
OCBC Q3 2024 results driven by customer growth and net new money inflow: CEO Helen Wong
She notes that the bank is seeing the outcome of its investment in people, products and capabilities to serve customers THE growth OCBC…
Business
Shareholders of Singapore banks can look forward to more returns amid strong Q3 results
SHAREHOLDERS of Singapore banks have more to gain ahead, as the local banking trio are looking to return capital due to their strong…
Business
Sony’s music lineup and image sensors deliver profit beat
It earned an operating profit of 455.08 billion yen (S$3.93 billion) in the three months to September Sony Group’s profit rose, thanks to…
Business
JAL-Sumitomo JV secures right to place order for up to 100 Archer air taxis
ARCHER Aviation said on Thursday (Nov 7) a joint venture (JV) between Japan Airlines and Sumitomo had secured the right to place orders…
Business
Dividends preferred over share buybacks for shareholder returns: OCBC CEO Helen Wong
The bank aims to keep its excess capital as dry powder to support franchise flows and potential inorganic growth opportunities that may…
Business
Share buybacks, more dividends among options to deploy capital: UOB chief Wee Ee Cheong
The bank is open to investing it in growth, or returning it to shareholders through share buybacks or more dividends, he says UOB is…