Singapore shares retreat at Friday’s open; STI down 0.2%

Singapore shares retreat at Friday’s open; STI down 0.2%

SINGAPORE stocks declined on Friday (Feb 14) morning, despite data from the Ministry of Trade and Industry showing that the city-state’s economy grew 4.4 per cent in 2024. It announced on the same morning that Singapore’s non-oil domestic exports grew 0.2 per cent for the whole of 2024, due to higher shipments of electronic products.…

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Stocks to watch: Thai Beverage, Civmec, Singapore Exchange, iFast

Stocks to watch: Thai Beverage, Civmec, Singapore Exchange, iFast

THE following companies saw new developments that may affect trading of their securities on Friday (Feb 14):  Thai Beverage (ThaiBev): The food and drink company’s revenue grew 2.4 per cent to 92.3 billion baht (S$3.7 billion) for the first quarter ended Dec 31, 2024, compared with the year-ago period. This was driven by improved sales…

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Cathay Cineplexes’ rental arrears unlikely to impact FCT’s bottom line

Cathay Cineplexes’ rental arrears unlikely to impact FCT’s bottom line

DELAYED rental payments by cinema operator Cathay Cineplexes to its landlord Frasers Centrepoint Trust (FCT) will not significantly impact the trust’s bottom line. Nevertheless, this could indicate a “structural issue” among cinema operators facing declining attendance at cinemas and signal the consolidation of cinemas to malls with higher footfall, said analysts. Background On Jan 28,…

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Exclusive | HHS splurged more than $22B on grants for migrants — including cash for cars, home loans and startup businesses

Exclusive | HHS splurged more than B on grants for migrants — including cash for cars, home loans and startup businesses

The Department of Health and Human Services (HHS) ramped up grant giveaways for migrants from 2020 to 2024 — which included cash assistance to buy cars, homes and even build credit for startup businesses, according to a shocking watchdog report that found taxpayers were left on the hook for $22.6 billion. HHS’ Office of Refugee…

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US: Wall St opens higher after producer prices data

US: Wall St opens higher after producer prices data

Wall Street’s main indexes opened higher on Thursday (Feb 13) as investors parsed the latest producer prices data, while the prospect of Russia-Ukraine peace talks spurred some risk-taking. The Dow Jones Industrial Average rose 57.4 points, or 0.13 per cent, at the open to 44,425.94. The S&P 500 rose 8.6 points, or 0.14 per cent,…

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Civmec’s H1 FY2025 net profit falls 16.9% to A$26.5m

Civmec’s H1 FY2025 net profit falls 16.9% to A.5m

CONSTRUCTION and engineering services provider Civmec posted a net profit of A$26.5 million for the H1 FY2025, marking a 16.9 per cent decline from A$31.9 million in the year-ago period. The company said in a bourse filing on Thursday (Feb 13) that this was due to a lower gross margin and higher administrative expenses incurred…

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Civmec’s H1 FY2025 net profit falls 16.9% to A$26.5 million

Civmec’s H1 FY2025 net profit falls 16.9% to A.5m

CONSTRUCTION and engineering services provider Civmec posted a net profit of A$26.5 million for H1 FY2025, marking a 16.9 per cent decline from A$31.9 million in the year-ago period. The company said in a bourse filing on Thursday (Feb 13) that this was due to a lower gross margin and higher administrative expenses incurred in…

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Lindsay Hubbard reveals where she and boyfriend Turner Kufe stand amid post-baby breakup rumors

Lindsay Hubbard reveals where she and boyfriend Turner Kufe stand amid post-baby breakup rumors

Lindsay Hubbard is setting the record straight on her relationship status. The “Summer House” star addressed “rumors that [she] and Turner [Kufe] had broken up” on “Watch What Happens Live” Wednesday night. “He’s backstage,” the Bravolebrity, 38, told host Andy Cohen — which he quickly confirmed. Lindsay Hubbard and her boyfriend, Turner Kufe, are “figuring…

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