Business
Oil slips on recession fears but posts third weekly gain
Oil prices fell on Friday (Mar 28) on worries that US tariff wars could spark a global recession, but gained for a third consecutive week…
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Business
RTL Group Posts Stable 2024 Results as Fremantle Still Targets Full-Year Revenue of $3.2 Billion
European media conglomerate RTL posted basically stable full fiscal 2024 yearly results on Thursday, driven by more than 40% growth in…
Business
UK posts strong wage growth ahead of BOE rate decision
UK wage growth held at its highest level in nine months and employment rose, evidence of resilient demand for workers that will likely…
Business
Prudential eyes growth in India as it posts 2% decline in new business profit for FY2024
New business profit in Singapore is up 15%, underpinned by 11% increase in annual premium equivalent sales Prudential is betting on India…
Business
Hong Leong Finance posts 10% rise in H2 profit to S$51.5 million, as net interest margin expands
HONG Leong Finance posted a 10 per cent rise in net profit to S$51.5 million for the six months ended December 2024. This was driven by an…
Business
Riverstone posts 3.7% Q4 profit rise, proposes special dividend amid semicon recovery
GLOVEMAKER Riverstone posted a 3.7 per cent rise in net profit to RM70 million (S$21.2 million) for the three months ended December 2024,…
Business
Sats posts 123.5% rise in Q3 net profit on higher business volume, rate increases
CATERING and ground handling company Sats posted a 123.5 per cent increase in net profit to S$70.4 million for the quarter ended Dec 31,…
Business
Haw Par posts 5.5% drop in H2 profit; proposes special dividend of S$1 per share
TIGER Balm maker Haw Par Corp’s profit fell 5.5 per cent to S$106.3 million for the six months ended Dec 31, 2024, on the back of higher…
Business
Vicom posts 11% higher H2 net profit on robust demand for vehicle testing
VEHICLE Inspection company Vicom posted 11 per cent higher net profit of S$15.2 million for the half-year ended Dec 31, 2024, from S$13.7…
Business
Venture posts 6.6% fall in H2 net profit to S$121.4 million on weakness in lifestyle consumer segment
VENTURE Corporation posted a 6.6 per cent year-on-year decline in net profit to S$121.4 million for the half year ended Dec 31, 2024, from…
Business
Wilmar posts 39.4% fall in H2 net profit on absence of year-ago gain, weak sugar price
AGRIBUSINESS Wilmar International posted a 39.4 per cent fall in net profit to US$590.2 million for the six months ended December 2024.…
Business
Genting Singapore posts 34% fall in H2 net profit to S$222 million
GENTING Singapore posted a 34 per cent fall in net profit to S$222 million for the half year ended Dec 31, 2024, from S$334.9 million in…
Business
Sasseur Reit posts 0.1% rise in H2 DPU to S$0.02929 on resilient rental income
THE manager of Sasseur Real Estate Investment Trust (Reit) on Thursday (Feb 20) posted a distribution per unit (DPU) of S$0.02929 for the…
Business
Prime US Reit posts 51.6% fall in H2 DPU as manager continues to retain funds for capex
PRIME US Reit, which focuses on office buildings in the US, saw its distribution per unit (DPU) fall 51.6 per cent to 0.11 US cent for the…
Business
Westpac posts higher quarterly profit as loan volumes grow, late repayments decline
AUSTRALIA’S Westpac posted a rise in its first-quarter net profit on Monday as deposits and loan volumes grew, and said a widely awaited…
Business
Siemens posts better than expected profit despite weakness at factory automation
Siemens reported an 8% drop in industrial profit to 2.52 billion euros (S$3.54 billion), beating forecasts for 2.44 billion euros Siemens…
Culture
Far East Hospitality Trust posts 4.1% fall in H2 DPS to S$0.0208
THE manager of Far East Hospitality Trust (FEHT) on Wednesday (Feb 12) posted a distribution per stapled security (DPS) of S$0.0208 for…
Business
Lyft posts muted first-quarter bookings and profit outlook
LYFT issued a disappointing first-quarter gross bookings outlook, following a similarly muted forecast from rival Uber Technologies citing…
Business
Coca-Cola posts surprise revenue jump on higher prices, steady demand
It’s focused on capturing demand in emerging markets such as India and expanding its portfolio in North America Coca-Cola posted a…
Business
Paragon Reit posts 10.4% lower H2 DPU of S$0.0233
THE manager of Paragon Real Estate Investment Trust (Paragon Reit) on Tuesday (Feb 11) posted a distribution per unit (DPU) of S$0.0233…
Business
Elite UK Reit posts 5.8% rise in H2 DPU to 1.47 pence
THE manager of Elite UK Reit on Monday (Feb 10) posted a distribution per unit (DPU) of 1.47 pence for the second half (H2)ended Dec 31,…
Business
DBS posts 11% rise in Q4 profit to S$2.52 billion; full-year earnings hit record S$11.29 billion
DBS posted net profit for the fourth quarter that was 11 per cent higher compared with the year-ago period, but fell slightly short of…
News
Marko Elez: Elon Musk to Rehire 25-year-old DOGE Employee Who Resigned Over Racist Posts
Billionaire Elon Musk has announced plans to rehire former Department of Government Efficiency (DOGE) employee Marko Elez, who was…
Business
Simon Posts Solid Year-end Results, Cites Robust Agenda on Redevelopments
Simon Property Group, energized by its strong 2024 financial performance and healthy balance sheet, has a “big program” ahead for…