Shipping profit boom evaporates on US tariffs, Red Sea reopening

Shipping profit boom evaporates on US tariffs, Red Sea reopening

Global shippers from AP Moller-Maersk to Cosco Shipping Holdings, which logged windfall earnings last year, may see a reversal of fortunes in 2025 as a potential reopening of the Red Sea route and punitive US tariffs loom. Plans by US President Donald Trump to introduce new import levies are damaging trade, while the prospect of…

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Trump signs executive order making English official language of US

Trump signs executive order making English official language of US

President Donald Trump on Saturday signed an executive order making English the official language of the US. The order revokes an executive order issued by former President Bill Clinton in 2000, “Improving Access Services for Persons with Limited English Proficiency,” that required federal agencies and recipients of federal funding to provide language assistance to non-English speakers. However, Trump’s order…

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CDL bypass of nominating committee may seem ‘unusual’ but current rules open to interpretation: observers

CDL bypass of nominating committee may seem ‘unusual’ but current rules open to interpretation: observers

Court can determine if directors’ appointments are in accordance with company’s constitution THE appointment process for two of City Developments Ltd’s (CDL) directors as well as the dismantling of the company’s nominating committee (NC) are “unusual” and against the spirit of corporate governance rules, said industry observers.  They were referring to the board tussle between…

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Buybacks surge as corporate earnings season nears end

Buybacks surge as corporate earnings season nears end

OVER the five trading sessions from Feb 21 to Feb 27, institutions were net sellers of Singapore stocks, leading to a net institutional outflow of S$265 million, compared to the S$217 million net outflow over the preceding five sessions. This brings the net institutional outflow for the 2025 year to Feb 28 to S$1.1 billion.…

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Hospitality S-Reits focus on active portfolio management to drive growth

Hospitality S-Reits focus on active portfolio management to drive growth

THE managers of hospitality real estate investment trusts in Singapore (S-Reits) have been actively managing their portfolios, as they carry out asset acquisitions and enhancements, as well as proactive capital management to create value. The five trusts that focus on hospitality assets delivered mixed results in 2024, with operating performance mostly resilient, even as travel…

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Digital transformation in action: how the developer behind Uzbektelecom’s super app is redefining user experience

Digital transformation in action: how the developer behind Uzbektelecom’s super app is redefining user experience

Uzbektelecom—the largest telecommunications operator in Uzbekistan—has been actively expanding its digital services and modernizing its infrastructure. In 2023, the company significantly increased its subscriber base, and in 2024, it nearly tripled its net profit.One of the company’s most groundbreaking projects is a million-user super app developed by Jaloliddin Erkiniy. Thanks to its user-friendly interface and…

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