News
OCBC mulls capital management as it closes in on three-year target for S$3 billion incremental revenue
[SINGAPORE] As OCBC reaches the deadline for its three-year target to achieve S$3 billion in incremental revenue by 2025, it is setting its sights on staying resilient in an...
China’s top chipmaker SMIC plunges after projecting lower sales
[SINGAPORE] Semiconductor Manufacturing International Corporation (SMIC) plunged on Friday (May 9) after China’s leading chipmaker warned sales could fall as much as 6 per cent this quarter because of...
Singapore banks set aside extra allowances to account for heightened uncertainty
[SINGAPORE] The local banking trio have taken extra allowances in their first-quarter 2025 results amid a rise in uncertainty in the macroeconomic environment.DBS, OCBC and UOB each said this...
Indonesia seeks to end rice imports this year as output jumps
[JAKARTA] Indonesia is set to stop importing rice this year for the first time in decades, thanks to surging production and stockpiles in one of the world’s top growers...
From Apple to GM, tariffs to cost companies tens of billions
[SAN FRANCISCO] From Apple to General Motors (GM), corporate America is bracing for tens of billions of US dollars in damages from Trump’s trade war – and that’s before...
Marco Polo Marine posts 3.4% decline in H1 profit to S$10.6 million
[SINGAPORE] Marco Polo Marine on Friday (May 9) posted a 3.4 per cent year on year decline in H1 net profit to S$10.6 million, from S$11 million. The results translate to...
Frasers Property H1 profit rises 147.6% to S$142.2 million on tax reversal
[SINGAPORE] Frasers Property posted a 147.6 per cent jump in net profit to S$142.2 million for the first half ended Mar 31, 2025, from S$57.4 million in the year-ago...
ST Engineering posts 8% rise in Q1 revenue to S$2.9 billion
[SINGAPORE] ST Engineering’s revenue rose 8 per cent to S$2.9 billion for the first quarter ended March, from S$2.7 billion in the corresponding year-ago period, on the back of...
Paramount beats estimates as streaming results pick up
[NEW YORK] Paramount Global, the parent of CBS and MTV, reported first-quarter results that beat analysts’ estimates, reflecting the improving performance of its Paramount+ streaming platform. Revenue totalled US$7.19...
Europe: Stocks rise after Trump strikes tariff deal with UK
[BENGALURU] European shares ended higher on Thursday (May 8) after US President Donald Trump announced a trade deal with Britain to lower tariffs, the first such agreement since Trump...
