Business
Far East Orchard unit acquires additional stake in Woodlands Square for S$25 million
A UNIT of Far East Orchard (FEO) has acquired an additional stake in its commercial property in Woodlands for S$25 million. Woods Square,…
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Business
Business
Fu Yu board rejected substantial shareholder’s directorship bid due to non-conformance with SGX’s “integrity requirements”
PRECISION plastic components manufacturer Fu Yu Corporation’s board of directors declined to appoint substantial shareholder Victor Lim as…
Business
Fu Yu board rejects substantial shareholder’s directorship bid due to non-conformance with SGX’s ‘integrity requirements’
PRECISION plastic components manufacturer Fu Yu Corporation’s board of directors declined to appoint substantial shareholder Victor Lim as…
Business
Alfa Romeo and Jeep dealership in Singapore to close by June
CAPELLA Auto, the agent for Alfa Romeo and Jeep cars in Singapore, is winding up its business by June and will sell its remaining stock of…
Business
China firms boost shareholder returns via dividends and buybacks
CHINESE firms are attracting investors with increased dividends and buybacks, spurred by a policy push for corporate governance reforms in…
Business
Grab contributed as much as 0.8% of Singapore GDP in 2023: report
RIDE-HAILING company Grab added S$5.2 billion to Singapore’s economy in 2023 through its on-demand services such as ride-hailing and…
Business
BYD plans to sell plug-in hybrids in Japan
CHINA’S BYD could start selling its first plug-in hybrid vehicle in Japan this year, the company said on Friday (Jan 24), as it aims to…
Business
Jack Ma-backed Ant Group unit Anext Bank appoints CEO-designate
Digital wholesale bank Anext Bank, a wholly owned subsidiary of Jack Ma-backed Ant Group’s overseas unit Ant International, welcomed a new…
Business
Tesla launches new Model Y in US, Canada, Europe weeks after China
ELON Musk’s Tesla launched a new higher-priced version of the Model Y, its best-selling car, in the United States, Canada and Europe on…
Business
China’s new rules to add one trillion yuan into market: analysts
ANALYSTS see China’s latest initiatives injecting at least one trillion yuan (S$186 billion) of additional flows in 2025 into its ailing…
Business
Analysts rate Frasers Centrepoint Trust with ‘buy’ on high retail portfolio occupancy
Market watchers rated Frasers Centrepoint Trust (FCT) with a “buy” call, citing its high retail portfolio occupancy and ongoing asset…
Business
Analysts upgrade Frasers Centrepoint Trust to ‘buy’, citing its high retail portfolio occupancy
ANALYSTS have upgraded Frasers Centrepoint Trust (FCT) to a “buy” rating, citing its high retail portfolio occupancy and ongoing asset…
Business
LNG firm Venture Global gets US$1.75 billion in year’s biggest IPO
VENTURE Global raised US$1.75 billion in its initial public offering (IPO), pricing its shares in the middle of a marketed range. The…
Business
Hong Kong’s CKI is said to weigh sale of UK’s £4 billion Eversholt Rail
CK INFRASTRUCTURE (CKI) is evaluating options for Eversholt Rail, including a possible sale that may value the British rolling stock…
Business
Stocks to watch: Mapletree Pan Asia Commercial Trust, Keppel DC Reit, Suntec Reit, ESR-Reit
THE following companies saw new developments that may affect trading of their securities on Friday (Jan 24): Mapletree Pan Asia Commercial…
Business
Crypto’s richest man CZ turns venture capital firm into giant family office
ZHAO Changpeng “CZ”, a few months out of prison and worth US$70 billion thanks to the relentless crypto rally, is turning the former…
Business
ESR Reit posts 15.9% fall in H2 DPU to S$0.00997
THE manager of ESR Real Estate Investment Trust (ESR Reit) posted a distribution per unit (DPU) of S$0.00997 for its second half (H2)…
Business
No major impact from Johor data centres, US export ban: Keppel DC Reit manager
NEW data centres in Johor, Malaysia, and the US chip export ban are unlikely to have a big impact on Keppel DC Reit, said the manager on…
Business
Billionaire McCourt says he is open to teaming up on a TikTok bid
US BUSINESSMAN Frank McCourt is open to teaming up with other buyers on a bid to take over the US operations of TikTok as long as he can…
Business
Mitsubishi Motors considering not joining Nissan-Honda merger, Yomiuri says
MITSUBISHI Motors, a junior partner of Nissan Motor, is considering not joining a planned business merger between Nissan and Honda Motor,…
Business
Disney raises Bob Iger’s pay by 30%, reflecting turnaround in profit
WALT Disney boosted chief executive officer Bob Iger’s total pay by 30 per cent in fiscal 2024, underscoring his turnaround of the media…
Business
JPMorgan boosts Jamie Dimon’s pay to US$39 million after record profit
JPMORGAN Chase lifted chief executive officer Jamie Dimon’s pay to US$39 million for 2024, a year in which the biggest US bank beat its…
Business
Tiktok weighs non-sale options, ByteDance’s Bill Ford says
BYTEDANCE is exploring a deal to keep TikTok running in the US without selling its operations there, according to board member Bill Ford.…
Business
Texas Instruments forecast signals chip slump is persisting
TEXAS Instruments gave a disappointing earnings forecast for the current period, a sign it’s contending with still-sluggish chip demand…