Business
Genting Singapore posts 34% fall in H2 net profit to S$222 million
GENTING Singapore posted a 34 per cent fall in net profit to S$222 million for the half year ended Dec 31, 2024, from S$334.9 million in…
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Business
Business
Car finance scandal: Lloyds earmarks £1.2bn for potential payouts
Lloyds Banking Group has nearly tripled the amount it is setting aside to cover the car finance mis-selling scandal to £1.2bn, knocking…
Business
Singapore shares decline amid hawkish Fed minutes; STI down 0.2%
Across the broader market, losers beat gainers 320 to 205, after 1.5 billion securities worth S$1.4 billion change hands SINGAPORE stocks…
Business
TikTok restructures trust and safety team, lays off staff in unit: sources
The layoffs began the same day for teams in Asia and Europe, Middle East and Africa TIKTOK is laying off global staff at its trust and…
Business
TikTok cuts trust and safety jobs in Singapore as part of global layoffs
AT LEAST a dozen TikTok employees in Singapore were let go with immediate effect, as the firm trimmed its back-end teams globally to…
Business
High-Energy Game Show ‘Ants,’ Inspired by Ant Colonies, Picked Up by Fremantle: Show Highlights ‘the Power of Unity and Teamwork’ (EXCLUSIVE)
Fremantle has acquired the global distribution rights to high-energy Japanese competition format “Ants,” where teamwork is the way to win.…
Business
iPhone 16e: Apple gambles on AI features at lower cost
Apple has announced a new iPhone which brings artificial intelligence (AI) features at a lower cost than its flagship handsets. The iPhone…
Business
DeepSeek rally helps Chinese tech firms raise more funds
Listed Chinese companies have raised more than US$1 billion globally through placements so far this year, with most of it in February THE…
Business
Singapore’s Abaxx Exchange plans gold futures as metal surges
SINGAPORE’S Abaxx Exchange plans to introduce gold futures in the coming months, with prices setting fresh records this year as traders…
Business
Growth in global private equity deal flow may be slower than expected this year: Preqin
INVESTORS forecasting a quick uptake in global private equity (PE) activity this year may be disappointed, especially if the gap in…
Business
Airbus sets modest 2025 jet delivery goal amid supply snags
AIRBUS estimated it will deliver 820 aircraft this year, setting modest target as the planemaker contends with trade tensions, persistent…
Business
Swiss Watches Exports Returned to Growth in January
PARIS – Could the Swiss watch industry’s woes be over in 2025? Export of timepieces returned to growth in January, according to figures…
Business
Dubois v Parker: Champion can reach heights of Fury & Joshua, says Fabio Wardley
Yes, you need to do the job in the ring and knock people out in emphatic fashion and all of the rest, but there is a level of prowess and…
Business
Japan’s Suzuki aims to boost sales by a third by 2030, invest heavily in India
JAPANESE small car maker Suzuki Motor said it will target 4.2 million vehicles in global sales in five years’ time – an increase of nearly…
Business
Analysts raise target prices, dividend estimates on UOB as they get positive on earnings outlook
Maybank forecasts return on equity to increase, thereby driving higher valuations ANALYSTS have raised their target prices for UOB after…
Business
Fog harvesting could provide water for the driest cities
Victoria Gill Science correspondent, BBC News Capturing water from fog - on a large scale - could provide some of the driest cities in the…
Business
Lenovo’s profit beats estimates as AI fuels PC recovery hopes
Investors are betting that PC makers from HP to Dell Technologies will benefit in 2025 as consumers pick up devices with more AI features…
Business
KKR wins control of US$4.4 billion Fuji Soft after clash with Bain
The scramble to take Fuji Soft private is rooted in the value of the software company’s trove of human resources and real estate KKR has…
Business
Manulife US Reit to sell Plaza office building for US$40 million as H2 distributable income falls 57.6%
THE manager of Manulife US Real Estate Investment Trust (Reit) reported on Thursday (Feb 20) that its distributable income fell 57.6 per…
Business
Netflix Leads Southeast Asia Streaming Revenues to $1.8 Billion as Regional VOD Viewership Surges
Southeast Asia‘s premium video-on-demand market saw robust growth in 2024, with total industry revenues jumping 14% to $1.8 billion and…
Business
‘Significant’ investor interest in South-east Asia’s wellness real estate sector amid global boom: CLI
INVESTOR interest in wellness real estate is steadily on the rise and South-east Asia offers significant opportunities within its health…
Business
Singapore, Malaysia, Thai Wellness Real Estate a Compelling Story for Investors
INVESTOR interest in wellness real estate is steadily on the rise and South-east Asia offers significant opportunities within its health…
Business
Rio Tinto opposes bid to cut London listing, 2024 profit hits five-year low
RIO Tinto does not support a push by some shareholders to consolidate the company’s dual-exchange share listing in Sydney, its CEO said on…
Business
Complex AI chips will drive demand for Lam Research chipmaking tools, CEO says
LAM Research chief executive Tim Archer said on Wednesday (Feb 19) that the thirst for complex artificial intelligence (AI) silicon will…