Culture
Bumitama Agri’s 9M profit rises 29% with record rainfall in Central Kalimantan
Crude palm oil accounts for 84% of its sales, with the remainder from palm kernel[SINGAPORE] Palm oil producer Bumitama Agri posted a 29 per cent rise in net profit...
Debt-ridden mm2 Asia’s H1 net loss deepens to S$39.7 million as existential threat looms
[SINGAPORE] Entertainment group mm2 Asia on Thursday (Nov 13) reported a net loss of S$39.7 million for the half-year ended Sep 30, widening from the net loss of S$3.9...
1MDB drops JPMorgan, Coutts from US$1.1b lawsuit
[KUALA LUMPUR] Malaysia state firm 1MDB dropped its court action against JPMorgan and Coutts, The Edge reported.The two banks were part of Malaysia’s lawsuit first filed in 2021, which...
Venture posts 8.3% fall in Q3 earnings amid softness in consumer tech
The company is ‘ramping up activities for hyperscale data centres’, including network connectivity solutions[SINGAPORE] Technology player Venture Corp on Thursday (Nov 13) posted a net profit of S$55.6 million...
Goldman set for record advisory year after US$110 million fee on EA’s take-private deal
A 2025 M&A rebound has lifted US bank deal revenue, with Goldman outpacing its rivals[NEW YORK] Goldman Sachs Group’s biggest-ever M&A payday may be the precursor to the bank’s...
SIA profit drops 82% to S$52 million in Q2; declares S$900 million special dividend package
The group attributes the decline in earnings to losses by its associate Air India, which are not included in previous year’s results[SINGAPORE] National carrier Singapore Airlines (SIA) posted a...
Pfizer looks to sell stake in pandemic vaccine partner BioNTech
[NEW YORK] Pfizer is looking to sell its remaining stake in Covid-19 vaccine partner BioNTech, a remnant from one of the pandemic’s most lucrative collaborations. The US drugmaker is...
STI inches higher on Thursday, tracking regional benchmarks
[SINGAPORE] Singapore stocks ended higher on Thursday (Nov 13), tracking regional peers.The benchmark Straits Times Index (STI) gained 0.2 per cent or seven points to finish at 4,575.91. Meanwhile,...
Marco Polo Marine unit clinches NT$4.7 billion project for research vessel in largest contract win
The project marks the company’s strategic expansion into high-value, specialised vessel construction [SINGAPORE] Integrated marine logistics company Marco Polo Marine has secured a NT$4.7 billion (S$198 million) contact from...
Tencent posts 15% revenue jump, sustaining growth without splashy AI bets
China’s most valuable company reports sales of 192.9 billion yuan for the three months ended September[SHENZHEN, China] Tencent Holdings posted a faster-than-anticipated 15 per cent rise in revenue, sustaining...
LTA greenlights autonomous vehicle testing by WeRide, Grab in Punggol ahead of AV shuttle service’s public launch
An autonomous ride service operated by both companies is expected to take public passengers in Punggol by early 2026 [SINGAPORE] The Land Transport Authority (LTA) has granted approval to...
