News
Singapore shares rise at Friday’s open; STI up 0.1%
SINGAPORE shares began Friday (Feb 7) trading in positive territory as markets abroad mostly closed higher. As at 9.01 am, the Straits Times Index (STI) was up 0.1 per cent...
Puma curbs flow of sneakers from China to US as tariffs kick in
PUMA is shipping far fewer Chinese-made sneakers to the US as the trade war between the countries heats up.The German sportswear brand is sourcing only about 10 per cent...
Singtel secures S$643 million green loan for new data centre in Tuas
SINGTEL’S regional data centre arm, Nxera DCT, has secured a S$643 million five-year green loan to finance the development of a new 58 megawatt data centre in Singapore.
Participating...
L’Oreal sales miss estimates as China demand remains weak
L’OREAL’s fourth-quarter sales fell short of analysts’ estimates after demand in the US failed to make up for a continued downturn in China.Sales overall rose 2.5 per cent on...
Amazon offers weak outlook on rising spending for AI
AMAZON.COM projected profit in the current quarter that fell short of analysts’ estimates, suggesting the company continues to ramp up spending to support artificial intelligence (AI) services.Operating income will...
Keeping boards relevant in a changing world
A FUNDAMENTAL principle of change management is that an organisation’s internal rate of change must surpass the external rate of change for it to thrive. This concept applies to...
BRC Asia Q1 profit after tax rises 13.9% to S$19.5 million
This is despite revenue falling 12.4% year on year to S$349.8 million, from S$399.2 millionSTEEL fabricator BRC Asia on Thursday (Feb 6) announced its profit after tax rose 13.9...
Japan Foods sinks into the red with 9M loss of S$2.9 million
JAPAN Foods sank into the red with a net loss of S$2.9 million for the nine months ended Dec 31, 2024, compared with a net profit of S$668,000 in...
HSBC’s head of global banking for Asia-Pacific is exiting lender
HSBC Holdings’s head of global banking for Asia-Pacific, Christina Ma, is leaving the bank, according to people familiar with matter, as the lender restructures its business to keep a...
IHH unit may seek higher compensation in lawsuit against Japan’s Daiichi Sankyo over Fortis deal
AN INDIRECT, wholly owned subsidiary of integrated healthcare player IHH Healthcare, Northern TK Venture (NTK), on Thursday (Feb 6) submitted an additional brief to the Tokyo District Court, including...
