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Jack Ma-backed Ant to add Circle’s stablecoin to global net: sources
Jack Ma-backed Ant Group is working with Circle Internet Group to adopt its stablecoin on the Chinese fintech company’s blockchain…
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Net
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Navigating the “Subversive Safety Net” in Venice Beach
The patina of “peace and love” belies the fact that Venice remains a highly policed public space, where “the rules of the game continued…
Business
QAF expects ‘material reduction’ in net profit for H1 2025
Business performance is affected by increased operating costs, unfavourable foreign exchange movements, and a higher non-cash impairment…
Business
Reits and tech lead net institutional inflows; Frencken chair and DHLT CEO raise their stakes
Over the five trading sessions from Jun 20 to 26, institutions remained net sellers of Singapore stocks, with net institutional outflow of…
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Migrants from Biden's border surge were a net drain on state budgets
The illegal immigrants who flooded the country under President Biden were a losing proposition for states and localities, which paid out…
Business
Nio records US$949.6 million net loss for Q1
Chinese electric vehicle (EV) maker Nio posted a net loss of US$949.6 million for the first quarter of 2025 ended March, representing a…
Business
Grand Venture Tech’s Q1 after-tax net profit up 27.7% to S$2.6 million
Manufacturing-service provider Grand Venture Technology (GVT) on Tuesday (Jun 3) posted a first-quarter net profit after tax of S$2.6…
Business
Seatrium posts S$21.3 billion Q1 net orders
Seatrium recorded net order book wins amounting to S$21.3 billion as at end-March, comprising 26 projects with delivery dates till 2031.…
Business
Maybank Q1 net profit rises 4% to RM2.6 billion
Maybank’s net profit for the quarter ended Mar 31, 2025, increased 4 per cent to RM2.6 billion (S$790 million), up from RM 2.5 billion in…
Business
Chinese food delivery giant Meituan net profit up 46.2% in first quarter
The company controls nearly 70% of China’s delivery market, but rising competition could drive up costs and squeeze margins, analysts say…
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…
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Drop in work visas and students halved net migration, ONS figures show
Net migration fell by almost 50% in 2024 compared to the previous year, according to the Office for National Statistics (ONS). New…
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…
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What you can learn from footwear’s two-track race to net zero
When we talk about decarbonizing industries, footwear doesn’t often steal the spotlight. Yet behind every pair of sneakers or boots is a…
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…
Business
Far East Orchard Q1 net profit more than doubles to S$17.3 million
Hospitality and student housing player Far East Orchard’s net profit more than doubled to S$17.3 million for the first quarter ended Mar…
News
Newspaper headlines: Net zero 'doomed' and royals on 'love island'
According to The i Paper, Sir Tony Blair has blown a hole in Labour's net-zero plans with his criticism of current approaches to tackling…
Business
Far East Hospitality Trust Q1 net property income falls 8.3% to S$23 million
Far East Hospitality Trust’s (FEHT) net property income fell 8.3 per cent year on year to S$23 million for the first quarter ended March,…
Business
Sheng Siong Q1 net profit up 6.1% to S$38.5 million on stronger sales
Supermarket operator Sheng Siong recorded a 6.1 per cent increase in net profit to S$38.5 million for the first quarter ended Mar 31, from…
Business
LMIRT Q1 net property income dips 2.4% to S$29.2 million
Lippo Malls Indonesia Retail Trust (LMIRT) on Monday (Apr 28) posted a 2.4 per cent decline in net property income to S$29.2 million for…
News
Trump Budget to Take Ax to ‘Radical’ Safety Net Programs
The Trump administration, which has made clear that it aims to slash government spending, is preparing to unveil a budget proposal as soon…
Business
iFast Q1 net profit rises 31.2% to S$19 million on continued growth in UK bank, wealth management platform business
Digital bank and wealth management platform iFast said its net profit rose 31.2 per cent year on year to S$19 million for the first…
Business
YouTube Ad Revenue Bulks Up 10.3% to $8.9 Billion as Alphabet Q1 Net Profit Jumps 46%
YouTube continues to rake in money from advertisers worldwide, with the video giant’s ad revenue reaching $8.93 billion in the first…
Business
Keppel’s Q1 net profit jumps more than 25%; expects limited direct tariff impact
Keppel reported on Thursday (Apr 24) a strong Q1 performance for 2025, with net profit rising more than 25 per cent year-on-year. These…