News
Far East Orchard Q1 net profit more than doubles to S$17.3 million
[SINGAPORE] Hospitality and student housing player Far East Orchard’s net profit more than doubled to S$17.3 million for the first quarter ended Mar 31, 2025, from S$6.9 million the...
Singapore stocks end lower as investors keep eye on tariff negotiations; STI down 0.4%
[SINGAPORE] Local stocks ended lower on Thursday (May 8), as investors kept their eyes on tariff deal negotiations after the US central bank unsurprisingly kept interest rates steady.
The benchmark...
Emirates airline group announces record US$6.2 billion gross profit
The 18% rise in profit, slimmed to US$5.6 billion after the UAE’s recently introduced corporate taxPublished Thu, May 8, 2025 · 04:02 PM[DUBAI] Dubai’s Emirates Group, which includes the...
Japan’s NTT plans to take NTT Data private for US$16.4 billion
It would launch a tender offer for NTT Data at 4,000 yen (S$35.91) per share, representing a 34% premium from Wednesday’s closing pricePublished Thu, May 8, 2025 · 03:48...
Toyota warns of profit drop as tariff chaos threatens carmakers
[TOKYO] Toyota Motor is bracing itself for a bumpy year, with the Japanese carmaker warning of a slump in profit as global manufacturers scramble to shield themselves from US...
Unless things take a turn for the worse, the Fed seems comfortable to keep rates on pause indefinitely
[SINGAPORE] The US Federal Reserve does not want any part of US President Donald Trump’s trade war, and it is determined to sit on the sidelines until the extent of...
Indonesia reserves drop most in almost two years on rupiah woes
Bank Indonesia has stepped up intervention this year and last month began intervening in the offshore non-deliverable forwards marketPublished Thu, May 8, 2025 · 01:08 PM[JAKARTA] Indonesia’s foreign-exchange reserves...
Zombie oil supertanker in China points to Iran trade workarounds
[HONG KONG] After buckling under pressure from Beijing and Washington, the clandestine supply chain that carries Iranian crude to China is finding new workarounds.
A tanker identifying itself as Global...
Boeing vows to deliver new Air Force One by 2027, US official says
[WASHINGTON] A top US Air Force official said Boeing is proposing to deliver its new version of Air Force One by 2027 as officials look to satisfy US President...
Blackstone, Vanguard, Wellington to launch private markets fund
Traditional asset managers have been seeking ways to move beyond stock and bond funds into higher-margin businesses, including private equity and private creditPublished Thu, May 8, 2025 · 08:52...
