Entrepreneurship
Indonesia to strongly intervene as rupiah drops to five-year low
The currency has slumped almost 3 per cent this year in the worst performance among major emerging-Asian peersINDONESIA’S central bank pledged to intervene strongly in markets on Friday (Feb...
Bitcoin down 25% from all-time high as crypto sell-off deepens
The sell-off underscores a swift change of fortunes for digital assets, which boomed after Trump’s election winTHE rout in Bitcoin worsened during Asian trading hours on Friday (Feb 28),...
HPL H2 profit nosedives 94.4% to S$32.1 million; S$0.04 per share final dividend proposed
HOTEL Properties Limited (HPL), the real estate player owned by tycoon Ong Beng Seng, posted net profit of S$32.1 million for the second half ended Dec 31, plunging from...
HPL swings into the black with S$32.1 million H2 net profit, reversing H1 loss
HOTEL Properties Limited (HPL), the real estate player owned by tycoon Ong Beng Seng, posted net profit of S$32.1 million for the second half ended Dec 31, plunging from...
Olam shares fall 11% amid steep profit drop
SHARES of Olam Group dived about 11 per cent just after the market open on Friday (Feb 28), as it posted an 83.4 per cent fall in net profit.At...
Singapore hedge fund with 33% gain bets big on Suzuki Motor
Suzuki’s shares have more than doubled since a 2022 low, beating the MSCI world auto benchmark’s 2.9 per cent riseA SINGAPORE-BASED hedge fund that beat the market with a...
Zheneng Jinjiang H2 profit surges over 26 times to 411.6 million yuan; S$0.023 cash dividend proposed
CHINA-BASED waste treatment group Zheneng Jinjiang Environment reported a net profit of 411.6 million yuan (S$76.2 million) for the second half ended Dec 31, rising more than 26 times...
Zheneng Jinjiang H2 profit surges over 26 times to 411.6 million yuan; S$0.023 cash dividend per share proposed
CHINA-BASED waste treatment group Zheneng Jinjiang Environment reported a net profit of 411.6 million yuan (S$76.2 million) for the second half ended Dec 31, rising more than 26 times...
Autodesk to cut jobs as it targets higher profits
AUTODESK is planning to cut about 1,350 employees as part of a broader focus on profitability following pressure from investors including activist Starboard Value.The reductions will amount to about...
Meta in talks to raise US$35 billion for data-centre financing led by Apollo
APOLLO Global Management is in talks to lead a roughly US$35 billion financing package for Meta Platforms to help develop data centres in the US, according to sources with...
