Fashion
DBS nominates Rajat Verma to be next India CEO: sources
DBS’ India unit has nominated its head of institutional banking, Rajat Verma, to be its new CEO, two people familiar with the matter said.
Verma is slated to replace Surojit...
Britain’s FCA fines Metro Bank £16 million for anti-money laundering failings
BRITAIN’S Financial Conduct Authority (FCA) has fined Metro Bank £16 million (S$27.4 million), for failings in its anti-money laundering controls between June 2016 and December 2020.
The bank failed to...
Airbus says China certification for A330neo jet progressing smoothly
THE head of Airbus China said on Tuesday (Nov 12) that Chinese certification of its A330neo jet was going smoothly and the first delivery of the widebody model in...
Brokers’ take: RHB upgrades Bumitama Agri to ‘buy’ on CPO price rally
WITH the continued run-up in crude palm oil (CPO) prices, RHB Research has upgraded its call on palm oil producer Bumitama Agri to “buy” from “neutral” with a higher...
Frasers Hospitality Trust posts 0.8% fall in DPS to S$0.011682 for H2
FRASERS Hospitality Trust (FHT) recorded distribution per stapled security (DPS) of S$0.011682 for the second half of its financial year ended Sep 30, down 0.8 per cent from S$0.011777...
Asian Pay TV Trust’s Q3 net profit falls 36.5% to S$6.5 million
ASIAN Pay Television Trust’s (APTT) net profit for the third quarter ended September 2024 fell 36.4 per cent to S$6.5 million from S$10.2 million in Q3 FY2023.This was mainly...
Grab returns to profit in third quarter, raises 2024 revenue forecast
Group-adjusted Ebitda is US$90 million for the quarter, an improvement of 224% year on yearGrab on Tuesday (Nov 12) reported third-quarter earnings that showed it turned back to being...
Grab returns to profit in Q3, raises 2024 revenue forecast
Group-adjusted Ebitda is US$90 million for the quarter, an improvement of 224% year on yearGrab on Tuesday (Nov 12) reported third-quarter earnings that showed it turning back to being profitable....
CICT sells 21 Collyer Quay for S$688 million; trust earlier reported to be eyeing up to S$850 million
CAPITALAND Integrated Commercial Trust (CICT) has divested 21 Collyer Quay, an office building located in Raffles Place, for S$688 million.The sale price is in line with the property’s independent...
BlackRock targets money-market fund business in new ETF push
BLACKROCK is throwing its weight behind an early push to bring exchange-traded funds (ETFs) to money-market investors. The asset-management company – which helped hasten the widespread adoption of ETFs...
