News

DFI Retail Group’s Q1 underlying profit falls 18% on sale of Chinese supermarket
[SINGAPORE] DFI Retail Group’s underlying profit for Q1 2025 fell 18 per cent compared with the same period a year ago, due to the divestment of Yonghui Superstores last...
Ossia appoints Asian Corporate Advisors as independent financial adviser for privatisation offer
The controlling shareholders of Ossia have made an unconditional offer on May 15 to take the company private at S$0.16 a share[SINGAPORE] Mainboard-listed Ossia International has appointed Asian Corporate...
SingPost, FedEx deepen partnership with islandwide roll-out of parcel drop-off service
The expanded collaboration aims to streamline the delivery process and enhance service efficiency, particularly for cross-border shipments[SINGAPORE] Singapore Post (SingPost) has ramped up its partnership with global transport company...
Indonesia taps Singapore traders in US$12 billion Pertamina probe
[SINGAPORE] Indonesian authorities have contacted a number of Singapore-based trading companies to request their cooperation in a US$12 billion corruption probe involving state-owned oil giant Pertamina. The oil traders received...
Business China appoints Kwek Poh Heok as new CEO
[SINGAPORE] Kwek Poh Heok has been appointed the new chief executive of Business China, with effect from Jul 1. She succeeds Ho Chee Hin, who served as CEO from...
Ryanair says tariff war top threat to growth; plans buyback
[LONDON] Ryanair Holdings said profit growth this year will depend on working through the risk of tariff wars, geopolitical conflicts and macroeconomic blows.The airline said it was too early...
Epic Games says Apple blocked ‘Fortnite’ in U.S. app store
Epic Games on Friday said that its popular game “Fortnite” will be offline on Apple devices because the iPhone maker blocked its recent app update. The dispute comes just...
Newsom proposes $20-million funding cut for California newsrooms, citing budget issues
Gov. Gavin Newsom proposed slashing funding by 67% for a pioneering deal with Google to support struggling California newsrooms, citing financial pressures that have promoted wider budget cuts.California newsrooms...
Jamie Lee Curtis just wanted an AI ad removed, not to become the ‘poster child of internet fakery’
Jamie Lee Curtis didn’t expect to be at the forefront of the artificial intelligence debate in Hollywood. But she didn’t have a choice. The Oscar-winning actor recently called out...
US: Wall St opens higher ahead of US-China weekend meet
Published Fri, May 9, 2025 · 10:15 PM[NEW YORK] Wall Street’s main indexes opened higher on Friday (May 9) as investors assessed fresh remarks from President Donald Trump regarding...
SIA Engineering H2 net profit up 87.3% at S$70.8 million
SIA Engineering (SIAEC) reported an 87.3 per cent jump in net profit to S$70.8 million for the six months ended March 2025 from S$37.8 million in the same period...
ThaiBev Q2 profit down 3.2% at 6.7 billion baht; declares dividend of 0.15 baht per share
[SINGAPORE] Chang beer maker Thai Beverage (ThaiBev) on Friday (May 9) announced that its profit for the second quarter ended Mar 31, 2025, lowered 3.2 per cent on-year to...