Fashion
EC World Reit’s Q1 net property income more than halves to S$10.8 million as it looks to sell more assets to repay debt
[SINGAPORE] EC World Real Estate Investment Trust’s (Reit) net property income for the first quarter of 2025 more than halved to S$10.8 million, from S$23.3 million in the same...
ComfortDelGro posts a 19% rise in Q1 net profit to S$48.3 million
[SINGAPORE] Transport behemoth ComfortDelGro posted a 19 per cent rise in its net profit of S$48.3 million for the quarter ended March on contributions from last year’s acquisitions and...
Singapore equities slide on Wednesday; STI declines 0.3%
Across the broader market, gainers beat losers 279 to 229, as 1.1 billion securities worth S$1.3 billion change hands[SINGAPORE] Local stocks finished lower on Wednesday (May 14), as investors...
Tencent’s Q1 revenue rises 13% on gaming strength
The company benefits from regulatory easing in China’s gaming sector following stringent restrictions in previous yearsPublished Wed, May 14, 2025 · 05:24 PM — Updated Wed, May 14, 2025...
Burberry to cut 1,700 jobs in turnaround bid
[LONDON] Burberry Group plans to cut almost a fifth of its workforce as its new chief executive officer tries to turn around the British trench-coat maker, after its push...
Julius Baer to pay 4.4 million Swiss francs after Swiss money laundering probe
The bank has been under investigation over transactions that had occurred between 2009 and 2019 and linked to operations in Monaco and SingaporePublished Wed, May 14, 2025 · 03:50...
Singapore Airlines to operate out of Changi Airport’s upcoming Terminal 5
[SINGAPORE] Changi Airport’s upcoming Terminal 5 (T5) will host the operations of Singapore Airlines (SIA) Group, with the terminal’s first phase designed to handle about 50 million passengers annually....
Chinese e-commerce sites offer discounts of up to 2,530 yuan on Apple’s latest iPhones
[BEIJING] Chinese e-commerce platforms are offering discounts of up to 2,530 yuan (S$457) on Apple’s latest iPhone 16 models, an effort to spur sales as first-quarter shipments by the...
OCBC merges stockbroking businesses into global markets division
[SINGAPORE] OCBC will integrate its securities business, which is under its stockbroking subsidiaries, into its global markets division on Jul 1, 2025.This is a strategy of the bank to...
Sony sees 100 billion yen tariff hit in underwhelming outlook
Even without the levies, the company’s projection falls shy of the average analyst estimate of 1.5 trillion yen and is essentially flat compared to the year concluded in March...
