Business
Cordlife ID Teo Tong Kooi steps down; new ID appointed
CORDLIFE Group’s independent director Dr Teo Tong Kooi stepped down from his role at the embattled cord-blood bank on Wednesday (Feb 19).…
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Business
Singapore stocks end Wednesday higher on UOB earnings, Budget news; STI adds 0.2%
The bank’s Q4 profit of of S$1.52 billion beat analysts’ consensus forecast S$1.48 billion SINGAPORE equities closed higher on Wednesday…
Business
Singapore shares end Wednesday higher on UOB results, Budget news; STI up 0.2%
The bank’s Q4 profit of of S$1.52 billion beat analysts’ consensus forecast S$1.48 billion SINGAPORE stocks closed higher on Wednesday…
Business
United Hampshire US Reit declares 4.2% lower H2 DPU of US$0.0205
UNITED Hampshire US Real Estate Investment Trust’s (Reit) distribution per unit (DPU) for the half year ended Dec 31, 2024, fell to…
Business
HSBC expects cost-cutting drive to hit less than 8% of global headcount
HSBC chief executive officer Georges Elhedery has said that the impact on the bank’s global headcount arising from its drive to cut costs…
Business
Singapore’s Foundation Healthcare eyes over US$100 million fundraising: sources
SINGAPORE’S Foundation Healthcare Holdings is looking to conduct a funding round that could raise more than US$100 million and value the…
Business
China, India natural gas imports will impact Apac prices: panellists
ASIA-PACIFIC should keep an eye on natural gas imports by China and India, whose ongoing pipeline projects will heavily affect regional…
Business
UOB proposes special dividend, share buyback programme as it unveils long-awaited capital return plans
The bank’s disciplined approach of pursuing long-term growth with stability has served it well, says CEO UOB’s board has announced a S$3…
Business
Reits, banks and grocers: Potential winners from Budget 2025 measures
LONG-TERM plans to spur growth, and tax rebates and incentives for certain companies – these were among the highlights of Singapore’s…
Business
Goldfinch Stakes Claim in Indonesian Creative Economy With Government-Backed Venture (EXCLUSIVE)
U.K. entertainment financier Goldfinch is making power moves in Southeast Asia’s largest market, inking a landmark joint venture to launch…
Business
All the Events and Newness at the First Orlando Edition of Vision Expo East
It’s a new day for Vision Expo East, the trade-only conference and exhibition for eye care and eyewear presented by co-owners RX and The…
Business
Akoni and Safilo on the Positive Road Ahead for Eyewear
Sitting out Vision Expo East this year, both Akoni and Safilo eyewear showed in Milan at Mido. While Akoni, which was founded in 2019, is…
Business
EXCLUSIVE: Luxury Eyewear Brand Ahlem Gets First Minority Investor
PARIS — After tapping its first chief executive officer, Ahlem is taking on its first outside investor. The 10-year-old luxury eyewear…
Business
All Quiet on the Berlin Deals Front but EFM Still Serves as an Efficient Marketplace, Buyers Report
It’s all quiet on the Berlin deals front as the sales agencies wind down their operations at the European Film Market. By Monday, many…
Business
UOB looks to ‘resilient’ Asean to continue to drive growth as Q4 profit beats estimates
UOB remains confident that Asean economies will be resilient and continue to expand, even as the outlook remains uncertain amid ongoing…
Business
HP to acquire parts of Humane, Ai Pin startup from ex-Apple managers, for US$116 million
HP WILL acquire assets from Humane, the maker of a wearable Ai Pin introduced in late 2023, for US$116 million. The deal will include the…
Business
HSBC 2024 profit beats estimates; announces US$2 billion share buyback
HSBC reported a 6.6 per cent rise in annual profit on Wednesday (Feb 19), beating market expectations, as income withstood the impact of…
Business
HSBC unveils share buyback, cost cut targets as new CEO looks to boost returns
HSBC posted an annual profit on Wednesday (Feb 19) that beat estimates, helped by increased revenue in wealth and markets businesses, and…
Business
Budget 2025: Income tax concessions, GST remission for S-Reits extended for 5 years
INCOME tax concessions as well as goods and services tax (GST) remission for Singapore-listed real estate investment trusts (S-Reits) will…
Business
South China Sea: Chinese navy helicopter flies close to Philippine plane
Footage release by the Philippine coast guard shows a Chinese navy helicopter flying close to a Philippine aircraft patrolling over a…
Business
Cisco and IBM show old-school tech names can be AI winners too
WHILE many of the biggest and most popular technology stocks have stumbled out of the gates in 2025, some of the sector’s legacy names are…
Business
Fast-food giant KFC leaves Kentucky home for Texas
KFC, the fast-food restaurant chain formerly known as Kentucky Fried Chicken, is moving its corporate headquarters in the US from…
Business
Hong Kong expands virtual asset push with new licensing, trading options
HONG Kong is expanding the ways investors can trade virtual assets, its financial regulator said on Wednesday (Feb 19), as the city races…
Business
Hong Kong banks tap most funds since 2019 as stock demand soars
HONG Kong banks borrowed the largest amount of short-term cash in more than five years on Tuesday (Feb 18), as they sought to keep up with…