Business
Japan Foods H2 loss widens to S$6.2 million amid ‘challenging year’ for Singapore F&B
Restaurant operator Japan Foods on Sunday (May 25) reported a loss of S$6.2 million for the second half ended Mar 31, 2025, sinking…
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Culture
Box Office: ‘Lilo & Stitch’ Riding the Wave to Biggest Memorial Day Weekend Ever, ‘Mission: Impossible’ Cruises to $24.8 Million Opening Day
Disney’s “Lilo & Stitch” remake is on track for the biggest-ever Memorial Day weekend opening after earning $55 million across Friday and…
News
California Film Credit Expansion in Flux as Lawmakers Delete References to $750 Million
The expansion of the California film and TV tax credit, which industry stakeholders argue is key to protecting jobs in the state, hit a…
Business
The Hour Glass H2 profit falls 6% to S$74.4 million on increased operating expenses
The Hour Glass has reported a 6 per cent drop in net profit to S$74.4 million in the six months ended March 2025, from S$79.5 million in…
Business
Trust Bank’s FY2024 loss narrows to S$93.4 million
Deposit balances double to S$3.8 billion, from S$1.9 billion a year ago, attributable to the launch of Trust+ Trust Bank on Friday (May…
Business
Sats Q4 profit rises 18.3% to S$38.7 million
In-flight caterer Sats on Friday (May 23) reported net profit of S$38.7 million for the three months ended Mar 31, 2025, gaining 18.3 per…
Business
RedBird Capital agrees to a £500 million deal to buy UK’s Telegraph newspaper
The current government’s decision to allow foreign state-owned investors to own up to 15% of British newspaper publishers helped unlock a…
Business
Metro sinks into the red with H2 net loss of S$228.1 million on lower revenue
Metro sank into the red for its second half ended March, with a net loss of S$228.1 million, reversingfrom a S$6.4 million net profit in…
Business
Changi Airport Group full-year net profit doubles to S$841 million
Changi Airport Group (CAG) saw its net profit almost double to S$841 million for the full year ended Mar 31, up from S$431 million in the…
Celebrity
Chris Brown Released From British Jail on £5 Million Bail Agreement
Singer Chris Brown was released from a British jail Wednesday on a £5 milion bond after being charged with inflicting an “unprovoked…
Business
CapitaLand Ascott Trust prices S$260 million of perpetuals at 4.2%
The issuance, with OCBC as lead manager and bookrunner, is expected to be on or around May 28 HOSPITALITY player CapitaLand Ascott Trust…
Business
Yoma Strategic’s H2 profit falls 12.4% to US$18.3 million
Yoma Strategic Holdings posted a 12.4 per cent decline in net profit for the second half-year ended Mar 31 to US$18.3 million, from…
Business
Julius Baer faces US$156 million loan loss charge
Julius Baer Group said it’s booking another large loss from property developments it helped finance, just as the Swiss wealth manager is…
Business
Britain's M&S says cyberattack to cost US$400 million
British retailer Marks & Spencer said on Wednesday (May 21) a “highly sophisticated cyber” attack would cost it about US$403 million in…
Business
Temasek’s SeaTown to invest up to S$115 million in AddVita
SeaTown Holdings, an investment manager indirectly owned by Temasek, said on Wednesday (May 21) it is committing up to S$115 million in…
Business
PwC launches AI hub in Singapore with over US$4 million commitment
PwC launched an artificial intelligence (AI) hub in Singapore on Wednesday (May 21), committing more than US$4 million over a three-year…
Business
Beyond Imagination raises $100 million to build humanoid robots
A humanoid robotics startup co-founded by prominent artificial-intelligence futurist Ray Kurzweil said on Tuesday that venture capital…
Business
Authentic Brands Group Is Buying Dockers for $311 Million
Authentic Brands Group has flexed its considerable muscle — and its sizable bank account — to score another high-profile acquisition:…
News
DOGE Loses Shady Battle to Take Over $500 Million Nonprofit Building
A federal judge on Monday struck down the Department of Government Efficiency’s takeover of the U.S. Institute of Peace, saying that…
News
Taxpayers Will Pay Ashli Babbitt’s Family $5 Million Thanks to Trump
The settlement reverses a 2021 DOJ finding that Babbitt’s civil rights were not violated and it was reasonable for the officer who shot…
Beauty
Unilever Invests 80 Million Pounds in Fragrance Research, Development in the U.K.
LONDON — Unilever is investing 80 million pounds in the U.K., with plans to build a state-of-the-art fragrance research and development…
Business
Jumbo’s H1 profit down 10.6% at S$7.9 million amid heightened F&B competition
Restaurant operator Jumbo Group reported a 10.6 per cent decline in profit to S$7.9 million for the six months ended March 31, down from…
Business
SIA Engineering H2 net profit up 87.3% at S$70.8 million
SIA Engineering (SIAEC) reported an 87.3 per cent jump in net profit to S$70.8 million for the six months ended March 2025 from S$37.8…