Business
Thai Beverage 9-month Ebitda falls 4% to 45 billion baht
Thai Beverage (ThaiBev) posted a 4 per cent drop in earnings before interest, taxes, depreciation, and amortisation (Ebitda) to 45 billion…
Tag
Billion
Business
CK Hutchison sees ‘reasonable chance’ of US$22.8 billion ports sale going through
CK Hutchison said on Thursday (Aug 14) its US$22.8 billion ports business sale had a “reasonable chance” of going through after a plan to…
Business
‘Squid Game’ Season 3 Powers Netflix Lead as Korea’s Premium VOD Market Hits $1.1 Billion, Report Finds
The Korean streaming wars are heating up. New data shows the country’s premium video-on-demand sector reached $1.1 billion in revenue…
Business
How Nippon Paint tycoon Goh Cheng Liang grew his empire to a US$13 billion fortune
Singapore’s richest man Goh Cheng Liang, who died this week, kept a low profile for years compared with his other billionaire…
Business
Telstra logs higher annual profit, announces A$1 billion buyback
Australian telecom firm Telstra Group forecast higher operating earnings for fiscal 2026 and reported a 31 per cent rise in its fiscal…
Business
Google pledges US$9 billion to expand AI, cloud infrastructure in Oklahoma
ABET’S Google said on Wednesday it will spend an additional US$9 billion in Oklahoma over the next two years to expand cloud and…
Business
Singapore life insurance new business premiums surge 7.7% to nearly S$3 billion in H1 2025 while claims payouts fall 42%
The life insurance industry in the Republic recorded a total of S$2.99 billion in weighted new business premiums for the first half of…
Business
Shopee, Monee power Sea’s value to over US$100 billion; DBS only other Singapore company in that league
Sea shares are up 64.1% in the year to date and have quadrupled since their low of US$34.82 at the start of 2024 Sea Ltd soared on the New…
Business
Singtel Q1 profit soars 317.4% to S$2.9 billion on exceptional gains of S$2.2 billion
These came mainly from the sale of its partial stake in Airtel and the Intouch-Gulf Energy merger Singtel on Wednesday (Aug 13) posted a…
Business
Perplexity AI offers Google US$34.5 billion for Chrome browser
PERPLEXITY AI offered Google on Tuesday US$34.5 billion for its popular Chrome web browser, which the internet giant could potentially be…
Business
Do Kwon pleads guilty to fraud over US$40 billion Terra collapse
Terraform Labs co-founder Do Kwon pleaded guilty to charges in a US fraud prosecution tied to the US$40 billion collapse of the TerraUSD…
Business
Tencent Music Posts $1.18 Billion Q2 Revenue as Profit Rises 43% on Subscription Momentum and SVIP Surge
Tencent Music Entertainment Group, China’s dominant online music and audio platform, reported second-quarter 2025 revenue of $1.18…
News
Paramount lands $7.7 billion deal to stream all UFC events in the U.S. for 7 years
Paramount will become the new home to Ultimate Fighting Championship events across the U.S. next year, through a seven-year agreement…
Business
Trump-linked World Liberty pitches a US$1.5 billion crypto vehicle
Big investors are being sounded out on a plan for World Liberty Financial, the Trump family-backed venture, to set up a public company…
Business
Meta’s US$29 billion deal marks pivotal moment for private credit
The heavy hitters of private credit have been waiting for this moment for years. Major lenders, which often cater to companies with dented…
Business
Tata Consultancy Services layoffs herald AI shakeup of US$283 billion outsourcing sector
Indian outsourcing giant Tata Consultancy Services’ (TCS) decision to cut over 12,000 jobs signals the start of a broader AI-fuelled trend…
Business
Paramount closes US$8 billion merger with Skydance after settling ‘60 Minutes’ lawsuit
Paramount Global and Skydance Media completed their US$8.4 billion merger on Thursday (Aug 7), capping a drawn-out deal process marked by…
News
EPA cancels $7 billion Biden-era grant program to boost solar energy
The Environmental Protection Agency on Thursday terminated a $7 billion grant program that was intended to help pay for residential solar…
Business
Frasers Property logs S$1.4 billion in regional pre-sales, says it’s well-placed to manage upcoming debt
Frasers Property has achieved pre-sold revenue of S$1.4 billion so far in financial year 2025 for its projects in Singapore, Australia,…
Business
Azalea’s Astrea 9 bonds over 3 times subscribed, draw more than S$3.4 billion in demand
Investor demand for the latest Astrea private equity (PE) bonds has surged, with total subscriptions surpassing S$3.4 billion across all…
Business
Keppel raises S$6.3 billion in private funds for education and data centre assets
Keppel has secured S$6.3 billion in funds under management so far this year for its private fund strategies, including education assets…
Business
Singapore new corporate debt issuance up 34% to S$308 billion in 2024
The corporate debt market saw robust growth in 2024, with new debt issuances rising 34 per cent year on year to S$308 billion. This…
Business
Manulife buys Comvest to build US$18.4 billion private credit unit
Manulife Financial agreed to buy a majority stake in Comvest Credit Partners, creating a US$18.4 billion private credit platform as the…
Business
UOB shares fall over 2% following lower Q2 net profit of S$1.34 billion reported
Shares of UOB fell by more than 2 per cent on Thursday (Aug 7) in early trade, on the back of the local bank’s second-quarter results. It…