Culture
Philippine bourse sees up to 140b pesos of fundraising in 2025
THE Philippine Stock Exchange (PSE) expects fundraising activities to grow next year with more companies looking to go public, as the bourse pins hopes on another interest rate cut...
Stocks to watch: Thai Beverage, BRC Asia, TSH Resources, Lum Chang
THE following companies saw new developments that may affect trading of their securities on Friday (Nov 22): Thai Beverage (ThaiBev): The beverage company posted a net profit of 27.2...
Apple readies more conversational Siri in bid to catch up in AI
APPLE is racing to develop a more conversational version of its Siri digital assistant, aiming to catch up with OpenAI’s ChatGPT and other voice services, according to sources with...
Gap raises annual sales target betting on steady holiday demand
GAP raised its annual sales forecast on Thursday (Nov 21) and said the holiday season was off to a “strong start”, sending its shares up nearly 14 per cent...
German auto supplier Bosch to reduce hours for 450 employees due to tough economy
GERMAN auto parts supplier Robert Bosch will reduce the hours, and consequently the pay, of 450 employees in Germany from next spring, citing the difficult economic situation, a company...
BRC Asia H2 profit rises 11% to S$55 million on sale of associate
STEEL solutions provider BRC Asia posted an 11 per cent rise in net profit to S$55 million for its second half ended Sep 30, 2024, from S$49.5 million in...
China’s Trustar raises US$1 billion for vehicle that holds McDonald’s China stake: sources
TRUSTAR Capital has raised US$1 billion for a continuation fund that will hold the Chinese private equity firm’s controlling stake in McDonald Corp’s operations in mainland China and Hong...
Lum Chang proposes listing interior fit-out business on Singapore Catalist
CONSTRUCTION company Lum Chang is mulling over plans to spin off its interior fit-out business in a listing on the Singapore Exchange’s Catalist board.Lum Chang Interior (LCI) is a...
Temu owner PDD misses revenue and profit estimates as consumers struggle
DISCOUNT e-commerce player PDD Holdings fell short of market estimates for third-quarter revenue and profit on Thursday (Nov 21), as its low prices did not persuade cost-conscious consumers to...
TSH Resources Q3 profit rises 12% to RM33.1 million
PLANTATION company TSH Resources reported on Thursday (Nov 21) a 12 per cent increase in net profit for the third quarter, despite a rise in crude oil prices. Net...
