News
Genting Singapore posts 34% fall in H2 net profit to S$222 million
GENTING Singapore posted a 34 per cent fall in net profit to S$222 million for the half year ended Dec 31, 2024, from S$334.9 million in the corresponding year-ago...
Airbus sets modest 2025 jet delivery goal amid supply snags
AIRBUS struck a cautious note for this year, with an aircraft delivery target that’s at the low end of analysts’ estimates while trade tensions and an ailing space business...
Most US manufacturers forecast layoffs at Vietnam operations with Trump tariffs: survey
MOST US manufacturers surveyed by the American Chamber of Commerce (AmCham) in Vietnam said they would be likely forced to lay off workers if the Trump administration imposed tariffs...
Lenovo’s profit beats estimates as AI fuels PC recovery hopes
Investors are betting that PC makers from HP to Dell Technologies will benefit in 2025 as consumers pick up devices with more AI featuresLENOVO Group’s quarterly profit beat projections,...
Singapore, Malaysia, Thai Wellness Real Estate a Compelling Story for Investors
INVESTOR interest in wellness real estate is steadily on the rise and South-east Asia offers significant opportunities within its health and wellness industries, said a report by CapitaLand Investment...
Trump tariff worries keep gold near record high level
GOLD prices edged higher on Thursday (Feb 20), hovering near their all-time highs as concerns persisted over US President Donald Trump’s tariff strategies, which could fuel inflation and escalate...
Australia’s Goodman raises A$4 billion for data centres to tap AI boom
AUSTRALIA’S Goodman Group plans to raise A$4 billion (S$3.4 billion) via a share placement to develop a global network of data centres, as the march of artificial intelligence (AI)...
Former manager at DBS Bank admits cheating 4 clients of S$348k
A WEALTH planning manager with DBS Bank cheated four of his clients of S$348,000 in total by duping them into investing in fictitious fixed deposits with “attractive terms”.Pang Yuheng,...
Seatrium wins offshore rig contract from Saudi Aramco-backed International Maritime Industries
RIG designer Seatrium Offshore Technology, a wholly owned subsidiary of Seatrium, has secured a contract from shipyard International Maritime Industries (IMI) to provide equipment, and a licence to build...
Fortescue profit plunges as China’s iron ore demand declines
FORTESCUE’s first-half profit plunged by 53 per cent from the year before as demand for iron ore from the biggest consumer China softened.The slump in net income to US$1.55...
