Culture
Frasers Property H1 profit rises 147.6% to S$142.2 million on tax reversal
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…
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Culture
Far East Orchard Q1 net profit more than doubles to S$17.3 million
Hospitality and student housing player Far East Orchard’s net profit more than doubled to S$17.3 million for the first quarter ended Mar…
Culture
Riverstone Q1 profit slides 21.8% to RM56.4 million despite higher revenue
Lower gross profit margin due to higher raw material cost, foreign exchange and change in market demand dynamics, says the group Glove…
News
Blackstone President Donates $125 Million to Tel Aviv University
As Israel faces a doctor shortage, Jonathan Gray, the president of the investment firm Blackstone, and his wife, Mindy, are donating $125…
News
Credit Suisse Pays $510 Million Fine for Helping Clients Evade Taxes
The toll for misconduct at the fallen Swiss bank Credit Suisse just keeps getting bigger. Federal prosecutors said on Monday that UBS,…
News
TikTok Fined $600 Million for Sending European User Data to China
TikTok was fined 530 million euros ($600 million) on Friday for violating a European Union data privacy law after regulators found the…
Culture
TikTok fined 530 million euros in EU over China data transfer
TikTok was hit with a massive EU fine of 530 million euros (S$779 million) on Friday (May 2), accused of sending personal data of…
Culture
CICT sells stake in CapitaSpring serviced residence component for S$37.8 million
The manager of CapitaLand Integrated Commercial Trust (CICT) on Friday (May 2) announced the sale of its stake in the serviced residence…
Culture
CICT sells stake in CapitaSpring serviced residence component for S$126 million
The manager of CapitaLand Integrated Commercial Trust (CICT) on Friday (May 2) announced the sale of its stake in the serviced residence…
News
SharkNinja Recalls 1.8 Million Pressure Cookers After Burn Reports
SharkNinja is recalling more than 1.8 million pressure cookers after it received more than 100 reports of burn injuries, federal safety…
Business
German VW plant hits 1 million electric vehicles as cutbacks loom
The Volkswagen logo is seen on the roof of the VW brand tower in Wolfsburg. Moritz Frankenberg/dpa Electric car production at Germany's…
Culture
Elite UK Reit posts 10.2% rise in Q1 2025 distributable income to £4.8 million
The manager of Elite UK real estate investment trust (Reit), announced a 10.2 per cent year-on-year increase in distributable income to…
Culture
CapitaLand Investment total revenue falls 24% to S$496 million in Q1
CapitaLand Investment (CLI) reported a total revenue of S$496 million for the first quarter ended Mar 31, down 24 per cent from S$650…
Culture
Pop Mart holder sells US$101 million stake after shares hit record
The toy company is the top gainer in the MSCI China Index over the last 12 months, with its shares jumping more than 470 per cent An…
Culture
ST Engineering unit to issue US$750 million 4.25% notes due 2030
They will be issued under the company’s S$5 billion global medium-term note programme A wholly owned subsidiary of Singapore Technologies…
Culture
Starhill Global Reit Q3 NPI inches up 0.5% to S$37.9 million
THE manager of Starhill Global real estate investment trust (Reit) posted a net property income (NPI) of S$37.9 million for Q3 FY2025…
Culture
Sheng Siong Q1 net profit up 6.1% to S$38.5 million on stronger sales
Supermarket operator Sheng Siong recorded a 6.1 per cent increase in net profit to S$38.5 million for the first quarter ended Mar 31, from…
Culture
UOI Q1 profit before tax dips 3% to S$7.8 million on lower non-underwriting income
The fall is attributed to lower non-underwriting income, which dropped 12% to S$3.7 million United Overseas Insurance (UOI), the general…
Culture
LMIRT Q1 net property income dips 2.4% to S$29.2 million
Lippo Malls Indonesia Retail Trust (LMIRT) on Monday (Apr 28) posted a 2.4 per cent decline in net property income to S$29.2 million for…
News
Spotify Paid $100 Million to Podcasters as Creator Wars Heat Up
Spotify has paid more than $100 million to podcast publishers and creators since January, the company told The New York Times’s DealBook.…
Culture
Sats’ WFS opens US$270 million cargo terminal at JFK Airport
Worldwide Flight Services (WFS) has partnered the Port Authority of New York and New Jersey and global investment manager Realterm to open…
Culture
iFast Q1 net profit rises 31.2% to S$19 million on continued growth in UK bank, wealth management platform business
Digital bank and wealth management platform iFast said its net profit rose 31.2 per cent year on year to S$19 million for the first…
Culture
Yangzijiang Financial H2 earnings soars to S$197.3 million
INVESTMENT management firm Yangzijiang Financial reported a net profit of S$197.3 million in the second half ended Dec 31, 2024, an…
Business
Estonia promises military aid worth €100 million for Ukraine
Estonia has promised to provide Ukraine with further military aid for its defence against the Russian invasion, as the war is set to hit…