Business
Companies explore their own stablecoins under new law, but hurdles remain
Financial companies from Bank of America to Fiserv are preparing to launch their own dollar-backed crypto tokens now that a new U.S. law…
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Business
Business
Delfi H1 net profit down 37.7% to US$12.2 million on softer performance in Indonesia
Delfi posted a 37.7 per cent drop in net profit to US$12.2 million for its first half ended Jun 30, 2025, from US$19.6 million in the…
Business
US: Wall St opens higher as inflation rises moderately in July
Wall Street’s main indexes opened higher on Tuesday (Aug 12) after data showed inflation rose broadly in line with expectations in July,…
Business
YZJ Maritime to raise up to S$250 million through the placement of new shares
YZJ Maritime Development, the proposed spin-off from Yangzijiang Financial Holding, intends to raise up to S$250 million through the…
Business
Yangzijiang Financial H1 net profit up 28% at S$137.7 million
Yangzijiang Financial Holding posted a 28 per cent rise in net profit to S$137.7 million for its first half ended Jun 30, from S$107.4…
Business
Fanatics Launches Loyalty Program With 10 Million Initial Members
Fanatics is getting into the customer loyalty space. The digital sports platform on Tuesday launched Fanatics One, its first…
Business
Prime US Reit H1 DPU falls by 33.3% to US$0.0012 due to higher finance expenses, asset divestment
Prime US Real Estate Investment Trust (Reit) on Tuesday (Aug 12) posted a 33.3 per cent decline in its distribution per unit (DPU) for the…
Business
Sea reports 418.3% surge in Q2 2025 earnings to US$414.2 million, on Shopee and Monee’s performance
Sea Ltd reported on Tuesday (Aug 12) a 418.3 per cent increase in its second-quarter earnings to US$414.2 million, a jump from the US$79.9…
Business
Singapore shares slip despite upgraded 2025 growth outlook; STI down 0.3%
Stocks on the local bourse ended lower on Tuesday (Aug 12) for the third consecutive session. The decline occurred despite gains in most…
Business
Valuemax H1 net profit up 35.5% at S$48 million
It attributes improvement to robust performance across all its core business segments – pawnbroking, moneylending, gold and jewellery…
Business
DBS suggested Hyflux issue preference shares in 2011, Olivia Lum’s lawyer reveals
The issuance of S$400 million in preference shares by Hyflux in 2011 was suggested by DBS, going by evidence that emerged in the trial of…
Business
Wilmar H1 profit rises 2.6% on improved plantation, sugar milling and food product segments
Agribusiness Wilmar International on Tuesday (Aug 12) reported a net profit of US$594.9 million for the first half ended Jun 30, up 2.6…
Business
Haw Par Corporation H1 net profit up 18.2% at S$144.1 million
It declares an interim dividend of 20 Singapore cents per share, unchanged from the year before Haw Par Corporation posted an 18.2 per…
Business
Underwater mortgages are climbing in Florida and Texas housing markets
Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Since the Pandemic…
Business
Hong Leong Asia H1 net profit rises 13.1% to S$56 million
Hong Leong Asia posted a 13.1 per cent rise in net profit to S$56 million for the first half of its financial year ended Jun 30, 2025,…
Business
Tencent Music Posts $1.18 Billion Q2 Revenue as Profit Rises 43% on Subscription Momentum and SVIP Surge
Tencent Music Entertainment Group, China’s dominant online music and audio platform, reported second-quarter 2025 revenue of $1.18…
Business
Illia Zabarnyi: Bournemouth defender completes £57m move to PSG
Bournemouth expected at least one defender to be sold this summer but to lose three has been a shock, according to sources inside the…
Business
Marcelo Gomes’ Documentary About Dreams ‘Creatures of the Mind’ Acquired by Utopia Docs (EXCLUSIVE)
Sales agency Utopia Docs has acquired Brazilian filmmaker Marcelo Gomes’ “Creatures of the Mind,” which had its international premiere at…
Business
Top Philippine bank likely to sustain record profit, CEO says
BDO Unibank, the Philippines’ biggest lender, expects to sustain record-high earnings this year on broad-based growth in lending, its…
Business
Are we ready to live amongst robots?
Arguably the most important thing that the rise of intelligent AI could potentially bring is access. Access to goods, services, and…
Business
Japan's Nikkei races to record high, SoftBank leads tech surge
Japan’s Nikkei share gauge powered to an all-time high on Tuesday (Aug 12), driven by sharp gains for tech companies and renewed optimism…
Business
A Lisbon lab is turning dead bacteria into dog treats. Next up: Human snacks
“Microbial protein,” says Katelijne Bekers, waving a vial of beige-coloured powder in front of me like it’s a magic potion. It doesn’t…
Business
Norway’s US$1.9 trillion wealth fund returns 5.7% in H1
Norway’s sovereign wealth fund returned 5.7 per cent and slightly missed its target in the first six months of 2025. The US$1.9 trillion…
Business
UK job vacancies tumble across the board
The UK jobs market has continued to cool as vacancies fell and the number of people on payrolls dropped, the latest official figures…