News
Far East Orchard H2 net profit down 29.4% on lower fair value gains, higher costs
HOSPITALITY and student housing player Far East Orchard’s net profit fell 29.4 per cent to S$40.7 million for the six months ended Dec 31, 2024, hit by lower fair...
Who’s still playing Pokémon Go? Ask any of the 48,000 people at this Rose Bowl event
On the golf course just outside the Rose Bowl in Pasadena, thousands of people stride across the grass, phones in their hands and eyes on their screens.“Who has a...
Temasek-backed companies should not face obligation to list in Singapore: Chee
COMPANIES should not be obliged to list on the Singapore Exchange (SGX), said Second Minister for Finance Chee Hong Tat on Friday (Feb 28), in response to Workers’ Party...
Citigroup mistakenly credits customer account US$81 trillion in ‘near miss’, FT reports
CITIGROUP erroneously credited US$81 trillion, instead of US$280, to a customer’s account and took hours to reverse the transaction, a “near miss” that shows up the bank’s operational issues...
Corporate governance risks and opportunities in CDL’s family feud
COMMON wisdom holds that independent directors in family-controlled listed companies are an essential safeguard against family members on the board and management colluding at the expense of minority shareholders....
Vietnam steel body seeks tariffs on Chinese, South Korean galvanised steel
VIETNAM’S Steel Association has asked the government to impose tariffs on galvanised steel imported from China and South Korea to protect domestic production, the government said on Friday (Feb...
Indonesia’s move to control coal prices faces Chinese pushback
THE Indonesian government’s plan to regulate the price of coal exports is facing pushback from its largest customer, as firms in China baulk at paying higher costs as other...
China’s Chery Automobile applies for Hong Kong IPO
CHINA’S Chery Automobile has applied for an initial public offering (IPO) in Hong Kong, seeking funds to develop new vehicles and technologies as well as to expand in global...
Genting Bhd, Genting Malaysia take big tumble after news of CEO change; Genting Singapore edges marginally lower
GENTING Bhd and Genting Malaysia shares plunged shortly after the market opened on Friday (Feb 28), after news broke on Thursday that Lim Kok Thay will step down as...
Genting Malaysia stocks tumble after news of CEO change; Singapore counter holds relatively steady despite heavy trading
GENTING Bhd and Genting Malaysia shares plunged shortly after the market opened on Friday (Feb 28), after news broke on Thursday that Lim Kok Thay will step down as...
