Culture
ThaiBev Q2 profit down 3.2% at 6.7 billion baht; declares dividend of 0.15 baht per share
[SINGAPORE] Chang beer maker Thai Beverage (ThaiBev) on Friday (May 9) announced that its profit for the second quarter ended Mar 31, 2025, lowered 3.2 per cent on-year to...
UMS Integration Q1 earnings nearly flat at S$9.8 million
[SINGAPORE] Semiconductor player UMS Integration on Friday (May 9) reported profit of S$9.8 million for the first quarter ended Mar 31, 2025, almost unchanged from the group’s profit in...
Commerzbank profit unexpectedly rises in boost to CEO Orlopp
[FRANKFURT] Commerzbank’s first-quarter profit unexpectedly rose to the highest in 14 years as commissions increased, and the German lender set aside less money than expected for souring loans.Net income...
Germany’s DAX Index hits record high after tariffs round trip
[FRANKFURT] Germany’s DAX Index became the first major European gauge to surpass its March record high, recouping all declines sparked by US President Donald Trump’s trade war.The stock index...
China’s top chipmaker SMIC plunges after projecting lower sales
[SINGAPORE] Semiconductor Manufacturing International Corporation (SMIC) plunged on Friday (May 9) after China’s leading chipmaker warned sales could fall as much as 6 per cent this quarter because of...
OCBC keeps 2025 guidance, but loan growth targets could be buffeted by headwinds: CEO Helen Wong
[SINGAPORE] OCBC is keeping its financial targets for 2025, but noted that its loan growth guidance of a mid-single digit will likely see the most headwinds, especially if the...
Indonesia seeks to end rice imports this year as output jumps
[JAKARTA] Indonesia is set to stop importing rice this year for the first time in decades, thanks to surging production and stockpiles in one of the world’s top growers...
Bain Capital to sell China data centre business likely valued at over US$4 billion: sources
[HONG KONG] US investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value the business...
Frasers Property H1 profit rises 147.6% to S$142.2 million on tax reversal
[SINGAPORE] Frasers Property posted a 147.6 per cent jump in net profit to S$142.2 million for the first half ended Mar 31, 2025, from S$57.4 million in the year-ago...
Apple is developing specialised chips for glasses, new Macs and AI servers
[LOS ANGELES] Apple’s silicon design group is working on new chips that will serve as the brains for future devices, including its first smart glasses, more powerful Macs and...
