Business
JTC in S$46.2 million buyback of Mercedes-Benz’ logistics property in Tuas
The luxe carmaker’s offer to give up the balance lease on site is seen as the result of its opening of a parts logistics centre in Johor…
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
Rivian reassures investors with cost cuts, green credit sales amid weak EV demand
RIVIAN said on Thursday (Nov 7) it was on track to turn a gross profit in the fourth quarter helped by cost cuts and a sharp increase in…
Business
BlackRock in talks to buy minority stake in Millennium: sources
BLACKROCK is in early-stage talks with Millennium Management about a strategic tie-up that could involve acquiring a minority stake in the…
News
Ringgit’s strength versus dollar faces test as US tariff risks loom
MALAYSIA’S ringgit, the only emerging Asian currency to strengthen against the US dollar this year, may see its performance ebb on risks…
Business
Sea needs more than good earnings to sustain 175% comeback rally
AFTER a peer-beating 175 per cent stock rally from its January low, South-east Asia’s top online shopping company Sea faces a high bar to…
Business
Attika closes debut trading day at S$0.235, 6.8% above IPO price
This reflects its market capitalisation of S$28.6 million, a tad lower than the estimated S$29.9 million based on the issue price SHARES…
Business
Sasseur Reit Q3 rental income falls 2% to 158.6 million yuan
SASSEUR Real Estate Investment Trust’s (Sasseur Reit) rental income under its entrusted management agreement model for its third quarter…
Business
SGX securities turnover value rises 36% in October; volume up 17%
THE total securities market turnover value on the Singapore Exchange (SGX) increased 36 per cent year on year (yoy) to S$26.92 billion in…
News
Singtel-owned Optus fined A$12 million by Australian regulator over emergency services outage
Australian telecom watchdog has fined Optus A$12 million (S$10.6 million) for failing to provide emergency call services to thousands…
Business
Stocks to watch: UOB, OCBC, Sats, Sasseur Reit, Far East Orchard, Daiwa House Logistics Trust
THE following companies saw new developments that may affect trading of their securities on Friday (Nov 8): Source link
Business
DHLT posts 5.5% drop in distributable income to S$25.5 million for 9M FY2024
THE manager of Daiwa House Logistics Trust (DHLT) has recorded distributable income of S$25.5 million for the first nine months of FY2024,…
News
EV growth expectations for Trump years are already being slashed
SLOWING electric vehicle (EV) adoption is likely to accelerate even further as President-Elect Donald Trump delivers on his promise to gut…
Business
OCBC beats forecast with 9% rise in Q3 profit to S$1.97 billion
OCBC’s net profit for the third quarter ended September rose 9 per cent to S$1.97 billion, from S$1.81 billion in the previous…
Business
ANZ profit drops as competition bites in home-lending market
ANZ Group Holdings’s profit missed estimates as chief executive officer Shayne Elliott said competition in the mortgage market remained…
Business
Airbnb revenue narrowly beats on strong growth in international markets
VACATION home rental company Airbnb narrowly beat estimates for third-quarter revenue on Thursday (Nov 7), helped by strong growth in its…
Business
HSBC’s Roberts says first round of job losses coming in weeks
THE head of HSBC Holdings’s new global wholesale banking division said the lender will seek to wrap up an ongoing restructuring “very…
Business
Warner Bros Discovery posts surprise profit as Olympics boost streaming
WARNER Bros Discovery reported a surprise quarterly profit on Thursday (Nov 7) as cost controls and an Olympics-driven record jump in…
Business
Sats Q2 profit trebles to S$69.7 million, declares S$0.015 dividend per share
The group also reports a half-year profit of S$134.7 million, reversing from the red IN-FLIGHT caterer Sats on Thursday (Nov 7) announced…
Business
Attika Group’s Catalist IPO fully snapped up, shares to begin trading on Nov 8
Group has raised around S$4.6 million from the initial public offering of 21 million placement shares, with each share priced at S$0.22…
Business
Far East Orchard 9M profit more than doubles to S$16.9 million on strong H1 performance
PROPERTY investment company Far East Orchard on Thursday (Nov 7) reported a net profit of S$16.9 million for the nine months ended Sep 30,…
Business
SMIC reports profit jump, revenue growth as chip sector recovers
CHINA’S largest chipmaker Semiconductor Manufacturing International Corp (SMIC) reported on Thursday (Nov 7) a 58.3 per cent jump in third…
News
US farmers back Trump but face pain from China tariff threats
US FARMERS want something from President-elect Donald Trump that his trade policies mean he is unlikely to deliver: increased access to…
Business
Paragon Reit Q3 revenue up 3% at S$223 million
PARAGON real estate investment trust (Reit) grew its revenue 3 per cent year on year (yoy) to S$223 million in the third quarter ended Sep…
Business
Social platforms, crypto exchanges can help fight money laundering and fraud, say Fintech Festival panellists
They add that the transboundary nature of financial crimes make data sharing between jurisdictions tricky A CALL went out on Thursday (Nov…