Culture
Shein revenue neared US$10 billion in first quarter before tariffs: sources
Published Thu, Jul 31, 2025 · 06:33 PM[HONG KONG] Shein Group’s net income rose to over US$400 million and revenue was almost US$10 billion in the first quarter as...
Singapore’s Perennial setting up 500 million yuan general hospital in Shanghai
[SINGAPORE] Singapore-based real estate and healthcare company Perennial Holdings announced on Thursday (Jul 31) that it has entered into a partnership with the Lujiazui Administrative Bureau of the China...
South-east Asia’s key currencies set to strengthen in H2 2025 despite rate cuts
[SINGAPORE] Investors are expected to favour major South-east Asian currencies, with economists projecting continued gains against the US dollar through the year – even as regional central banks signal...
Singapore gold investment soars 37% to 2.2 tonnes in Q2 while jewellery demand wanes
[SINGAPORE] Investment appetite for gold remains strong in Singapore, with 2.2 tonnes of gold bars and coins purchased in the second quarter of 2025, according to the World Gold...
Lufthansa reports higher-than-expected Q2 earnings
Published Thu, Jul 31, 2025 · 01:23 PM[BERLIN] Lufthansa on Thursday reported better second-quarter results than expected, boosted by low oil prices and currency effects, and confirmed its full-year...
Family office for Hong Kong’s richest builds out hedge fund team
[HONG KONG] A money manager for some of Hong Kong’s richest families is building a hedge fund team to allocate money away from private equity after its clients asked...
Richest Thai sees US$10 billion hydro, LNG projects driving growth
Construction on a US$1 billion LNG import terminal project, Thailand’s third, will start later this year before commercial operations are scheduled in 2029Published Thu, Jul 31, 2025 · 11:24...
Macquarie ‘Millionaires Factory’ put at risk by investor revolt
[SINGAPORE/MELBOURNE] Macquarie Group’s long vaunted money-making machine for top bankers is showing signs of strain.Known as the “Millionaires’ Factory”, the Australian financial giant has for years awarded more generous...
Gold rebounds from one-month low on renewed trade uncertainty
Published Thu, Jul 31, 2025 · 09:30 AM[BENGALURU] Gold prices rebounded on Thursday (Jul 31) from a one-month low hit in the previous session, as trade uncertainty stemming from...
Aims Apac Reit posts 0.4% higher Q1 DPU of S$0.0228 amid stable operational performance
[SINGAPORE] Aims Apac Reit reported on Thursday (Jul 31) a 0.4 per cent increase in distribution per unit (DPU) of S$0.0228 for Q1 FY2026, from S$0.0227 in the same...
