Business
Asics’ US Wholesale Business Is Booming as Company Raises Full-Year Guidance
Asics Corp. raised full-year guidance and a projection for operating profit ahead of plan following a strong second quarter report.…
Section
Business
Business
Vietnam wants to be the next ‘tiger economy.’ Here’s how
Beneath red banners and a gold bust of revolutionary leader Ho Chi Minh in Hanoi’s central party school, Communist Party chief To Lam…
Business
Wall Street stocks surge on hopes for interest rate cuts by the Fed
U.S. stocks are ticking higher on Wednesday after a rally spurred by hopes for lower U.S. interest rates wrapped around the world. The S&P…
Business
Claire's on brink of collapse putting 2,150 jobs at risk
Tom Espiner & Faarea Masud Business reporters, BBC News Fashion accessories chain Claire's is on the brink of collapse after the retailer…
Business
Mapletree Logistics Trust to divest logistics property in Australia for A$60 million
Its manager says the capital freed up will give MLT room to pursue investment openings in modern, high-spec facilities with more growth…
Business
EC World Reit’s H1 net property income falls 60.3% to S$18.7 million
EC World Real Estate Investment Trust (Reit) reported a 60.3 per cent decline in net property income to S$18.7 million in the first half…
Business
US: S&P 500, Nasdaq hit record highs at open on September rate cut hopes
Wall Street’s main indexes opened higher on Wednesday (Aug 13) with the benchmark S&P 500 and the Nasdaq hitting record highs, underpinned…
Business
Food Empire reports net loss of US$1.5 million, declares first-ever interim dividend of S$0.03
Food Empire reported a net loss of US$1.5 million for the first half-year ended Jun 30, the group said in a bourse filing on Wednesday…
Business
AEM net profit more than doubles to S$3.1 million
AEM Holdings posted a 245 per cent increase in net profit to S$3.1 million for the half-year ended Jun 30, from S$895,000 the year before.…
Business
Ikea retailer Ingka Group announces first non-Swede CEO
The world’s biggest retailer of IKEA furniture said on Wednesday CEO Jesper Brodin was stepping down after eight years, to be succeeded by…
Business
Gildan Buying HanesBrands in $2.2B Cash and Stock Deal
Basic is getting bigger. In a major move to consolidate the basic side of the apparel industry, Gildan Activewear Inc. has agreed to buy…
Business
Tesla Superchargers still lead the pack as EV charging in America gets more reliable, report says
The nation’s electronic vehicle charging network is getting more reliable—and Tesla Superchargers are leading that advancement. To get…
Business
CSE Global H1 earnings up 8.5% to S$16.3 million, boosted by growth of communications business
Technology solutions provider CSE Global reported a profit of S$16.3 million for the first half of FY2025, up 8.5 per cent from the…
Business
Nanofilm back in the black with H1 net profit of S$1.6 million
Nanofilm Technologies reported a net profit of S$1.6 million for the first half of the year, reversing from a net loss of S$3.7 million in…
Business
What comes after agentic AI? This powerful new technology will change everything
Ten years from now, it will be clear that the primary ways we use generative AI circa 2025—rapidly crafting content based on simple…
Business
United Overseas Insurance aims to increase technology investments by almost 50% by 2029
United Overseas Insurance (UOI), the general insurance arm of UOB, will increase its technology investments by almost 50 per cent from…
Business
Singapore’s KPB Biosciences fails in bid to unfreeze assets in US$830 million Novo Nordisk legal battle
Locally headquartered biotech firm KPB Biosciences has failed to set aside a court order for its assets to be frozen, with the Singapore…
Business
Air Canada flight attendants set 72-hour strike deadline for pay deal
The Canadian Union of Public Employees, representing more than 10,000 Air Canada cabin crew, on Wednesday (Aug 13) gave the airline a…
Business
GoTo posts fourth straight adjusted profit, helped by cost cuts
Indonesia’s GoTo Group notched a fourth consecutive quarter of adjusted profit, making progress with reining in expenses and boosting…
Business
ComfortDelGro’s H1 2025 earnings rise 11.2% to S$106 million
Transport operator ComfortDelGro (CDG) reported on Wednesday (Aug 13) an 11.2 per cent increase in earnings for the first half of 2025 to…
Business
Good governance for vibrant capital markets: towards a market-centric dynamic index
IN 2024, the Singapore Governance and Transparency Index (SGTI) was re-introduced as a dynamic index designed to reflect continuous…
Business
Singapore stocks track regional gains; STI up 1.2%
Shares on the local bourse ended higher on Wednesday (Aug 13), following three consecutive sessions of declines. The rebound came as…
Business
China's Tencent revenue grows 15% in Q2 on strong gaming performance
It reported revenue of 184.5 billion yuan (S$32.9 billion), exceeding analyst estimates of 178.5 billion yuan Tencent reported…
Business
Armenian Documentary ‘There Was, There Was Not’ Acquired in U.S. by Suncatcher, Watermelon (EXCLUSIVE)
Suncatcher Productions and Watermelon Pictures are partnering up for the U.S. release this fall of “There Was, There Was Not,” Emily…