News
Hong Kong’s investment firm reports HK$2 billion return in 2024
As at end-2024, the firm had used up under a fifth of its initial HK$62 billion kitty[HONG KONG] Hong Kong Investment Corporation (HKIC) generated more than HK$2 billion (S$335.5...
Food Empire’s Q3 revenue rises 28.3% to US$152.6 million
[SINGAPORE] Food Empire posted a revenue of US$152.6 million for the third quarter ended Sep 30, 2025, up 28.3 per cent from a year ago.In a bourse filing on...
Big 4 accounting firms drove nearly half of sector’s total revenue growth in 2024
The sector continues to hire, and expects to grow its workforce by opening up more than 1,500 positions[SINGAPORE] The total revenue of the accountancy sector climbed by 7.5 per...
UK public transport segment drives 22.4% increase in ComfortDelGro’s Q3 net profit
[SINGAPORE] Transport operator ComfortDelGro’s (CDG) net profit for the third quarter ended September rose 22.4 per cent to S$70.4 million, driven by the performance of its UK public transport...
Australia spy chief warns of China hackers probing networks
The Salt Typhoon and Volt Typhoon hacking groups work for Chinese government intelligence and the military[SYDNEY] Australia’s spy chief has accused hackers working for China’s government of probing his...
ABN Amro to buy NIBC Bank from Blackstone for 960 million euros
The deal will cut the Dutch bank’s CET1 capital ratio by about 70 basis points at closing[AMSTERDAM] ABN Amro Bank said it will acquire NIBC Bank from Blackstone for...
Companies, consumers must have basic understanding of AI to reap potential benefits: DPM Gan
Singapore’s compact size makes it easier to roll out training and raise AI literacy across the population, he adds[SINGAPORE] Singapore’s “first priority” is for companies both large and small,...
Maybank cuts Sea target price with ‘hold’ call on softer Shopee margins, HSBC maintains ‘buy’ call
Tech company’s prioritisation of growth and building of competitive moats could ‘slow near-term monetisation gains’, says Maybank Research [SINGAPORE] Maybank Research slashed its target price for Internet company Sea...
Federal Reserve’s Barr says AI will transform economies though outcomes vary
FEDERAL Reserve Governor Michael Barr said although artificial intelligence will transform economies, there are a range of outcomes as to how that will play out.Barr, in remarks prepared for...
Asia: Markets up on hopes over shutdown deal, rate cut
EQUITIES rose in Asia on Wednesday as the US shutdown nears an end and after fresh jobs data boosted the chances of a third successive Federal Reserve interest rate...
