Culture
LHN’s co-living unit Coliwoo to offer 80.3 million shares at S$0.60 apiece in mainboard listing
The offering comprises a placement of 75 million placement shares to investors in Singapore and outside the United States as well as a…
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Culture
Culture
UPS stuns Wall Street with strong profit and 34,000 job cuts
United Parcel Service (UPS) smashed Wall Street’s third-quarter profit expectations, sending its shares soaring and fuelling confidence in…
Culture
Mapletree Logistics Trust Q2 DPU falls to S$0.01815
The manager of Mapletree Logistics Trust (MLT) announced a distribution per unit (DPU) of S$0.01815 for the trust’s second quarter ended…
Culture
Bank of China delivers 5% gain in profit as margin stabilises
Bank of China reported a 5 per cent increase in third-quarter profit, as the lender managed to stabilise its net interest margin despite…
Culture
Singapore stocks rise as markets cheer US-China trade truce; STI up 0.2%
Across the broader market, losers outnumber gainers 313 to 292, after 1.8 billion securities worth S$1.8 billion change hands Local stocks…
Culture
Marina Bay Sands fined S$315,000 for 2023 data breach
IMDA notes the failure to take reasonable security measures during a software migration exercise, among other faults The Personal Data…
Culture
Only 18% of investors rate SGX listcos’ disclosures as ‘very transparent’ despite quarterly engagements: study
Research by Stewardship Asia Centre also highlights a disconnect between investors and corporates on key priorities Transparency has…
Culture
Singapore's Lighthouse Canton to invest over US$1.5b in India; eyes private credit, real estate
Singapore-based asset manager Lighthouse Canton plans to invest over US$1.5 billion in India in the next few years, with a focus on…
Culture
HSBC is bullish on 2025 despite hit from Madoff provision
HSBC Holdings raised its profitability outlook for 2025 even as earnings slid following an unexpected US$1.1 billion provision tied to…
Culture
Indonesia to allow central government to lend to local authorities and state companies
Indonesia has drawn up new rules that will allow the central government to lend to local authorities and state-owned enterprises in order…
Culture
Asia: Markets cool as Trump begins Japan visit
The buoyant mood has been defying tumultuous trade tensions between Beijing and Washington Asian markets opened slightly cooler on Tuesday…
Culture
Singapore court orders Ron Sim’s LAC to return GNC stores, pay US$18.9 million in franchise dispute
The court finds that LAC had wrongfully terminated its agreement after ‘secretly’ preparing to rebrand all of the US health supplement…
Culture
Singapore, Australia enters partnership to strengthen energy cooperation
It provides a framework for both energy regulators to promote cooperation and sharing of regulatory practices on gas and electricity…
Culture
Stocks to watch: Cordlife, Seatrium, First Reit, CICT, KIT, Keppel Pacific Oak US Reit
The following companies saw new developments that may affect trading of their securities on Tuesday (Oct 28): Cordlife: The cord blood…
Culture
CICT’s Q3 net property income rises 1.6% to S$294.4 million
CapitaLand Integrated Commercial Trust’s (CICT) net property income (NPI) grew 1.6 per cent year on year to S$294.4 million for the third…
Culture
Amazon targets as many as 30,000 corporate job cuts: sources
The figure represents a small percentage of Amazon’s 1.55 million total employees, but nearly 10 per cent of its roughly 350,000 corporate…
Culture
Cordlife submits information to MOH by extended deadline it was given
Embattled cord blood bank Cordlife announced on Monday (Oct 27) that it had submitted on the same day the necessary written…
Culture
First Reit extends lease for Siloam Hospitals Lippo Cikarang for ‘revenue stability’
Manager believes it is prudent to continue to have in place a short-term lease in line with market terms while its strategic review…
Culture
China securities regulator unveils plan to ease foreign investor access
Qualified foreign investors will also be allowed to use exchange-traded fund options The China Securities Regulatory Commission (CSRC)…
Culture
US: Wall Street opens at record highs on US-China trade hopes
WALL Street’s main indexes opened at record highs on Monday (Oct 27), as expectations of a US-China trade truce fuelled risk-taking in a…
Culture
China's central bank to resume bond trading on open market
China’s 10-year government bond yield fell sharply by 2 basis points following comments by PBOC governor China’s central bank will resume…
Culture
Deutsche Bank’s DWS joins rivals in setting up Abu Dhabi office
It aims to be the preferred asset manager for institutional investors ploughing money into Europe, including Germany Deutsche Bank’s…
Culture
Buybacks take backseat as AI drives record US capex spending
INVESTORS are increasingly favouring US companies that channel capital towards AI innovation over those offering traditional shareholder…
Culture
As Fed prepares to cut rates this week, all eyes are on outcome of Trump-Xi meeting in Seoul
The prospect of a trade deal between Washington and Beijing has raised hopes of prices of goods coming down ahead of the holiday season…