Riverstone Q2 earnings fall 37.4% to RM45.4 million
Gloves maker Riverstone Holdings posted a 37.4 per cent year on year drop in net profit to RM45.4 million (S$13.8 million) for the quarter ended June from RM72.5 million as higher cost of…
Swedan Margen
I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.
‘We are a big tanker; we are shifting’: UOB’s Wee Ee Cheong takes long-term view on trade loans
Trade loans remain a relatively small portion of UOB’s total portfolio, but their contribution to the bank’s balance sheet is expected to become more visible over time, said its top…
Singapore Land posts 7% higher earnings of S$111.4 million for H1
Its revenue rose 8% to S$368.3 million on the back of higher conributions from property investments and technology operations Property developer Singapore Land Group posted a 7 per cent…
Genting Singapore H1 profit falls 34% to S$234.7 million on weaker gaming, room revenue
Resort and casino operator Genting Singapore reported a 34 per cent drop in profit for the first half of the year to S$234.7 million. Revenue declined by 10 per cent to S$1.2 billion, from…
Don’t Abandon mRNA
Along with other actions, RFK’s move on mRNA paints a portrait of a longtime vaccine skeptic pursuing exactly the agenda he said he would. Source link
The Trump IRS and the GOP Congress Should Make Taxes Easy Again
There’s plenty that new IRS Commissioner Billy Long can do to make the tax system easier for people to manage. Source link
Democrats Should Follow the Seinfeld Principle
They have fallen into the profanity trap. Source link
The Expectation of Price Controls and Federal Investment in Defense-Critical Minerals
One obvious problem is dependence on subsidized Chinese minerals. A less obvious one is the expectation of future price controls. Source link
Hyflux’s ex-director pleads guilty to disclosure-related charge, fined S$90,000 and disqualified from directorship
A former independent director of Hyflux pleaded guilty on Thursday (Aug 7) to being negligent in the insolvent water treatment firm’s failure to disclose to the Singapore Exchange (SGX)…
Hyflux’s ex-director pleads guilty to disclosure-related charge, fined S$90,000 and barred from directorships
A former independent director of Hyflux pleaded guilty on Thursday (Aug 7) to being negligent in the insolvent water treatment firm’s failure to disclose to the Singapore Exchange (SGX)…
Hyflux’s ex-director Mitta fined S$90,000, barred from directorships; Olivia Lum’s trial starts Aug 11
A former independent director of Hyflux pleaded guilty on Thursday (Aug 7) to being negligent in the insolvent water treatment firm’s failure to disclose to the Singapore Exchange (SGX)…
“Thirty-Three,” by D. S. Waldman
Could be half my life, I said, could be all of it. Could be a third, Gabby said. Source link
Singapore new corporate debt issuance up 34% at S$308 billion in 2024
The corporate debt market saw robust growth in 2024, with new debt issuances rising 34 per cent year on year to S$308 billion. This comprises new issuances for short-term and long-term…
Tokyo Electron sacks Taiwan employee over TSMC tech leak
Tokyo Electron said on Thursday (Aug 7) it has fired an employee at its Taiwan subsidiary over their alleged involvement in a trade secret leak at Taiwanese chipmaking giant TSMC. The…
DBS looks to volume growth to mitigate falling interest rates; stock soars to record high
DBS expects deposits volume growth will continue to support net interest income for 2025, even as its net interest margin (NIM) declines due to falling interest rates, said chief executive…
DBS looks to volume growth to mitigate falling interest rates; stock soars to record high, hits S$50 mark
Shares of DBS soared to a record high on Thursday (Aug 7) – briefly hitting a milestone S$50 mark – as South-east Asia’s biggest lender beat expectations for its second-quarter results…
Toyota braces for 1.4 trillion yen hit from US tariff turmoil
Toyota Motor lowered its annual guidance as it warned of a 1.4 trillion yen (S$12 billion) hit to its bottomline from US tariffs that have rattled the global automotive industry. The…
VietJet to hire more than 5,000 new Thai staff for expansion
VietJet Aviation plans to employ more than 5,000 new staff in Thailand as Vietnam’s biggest budget carrier accelerates flight and route expansion to South-east Asia’s most popular…
Sony lifts outlook on entertainment demand despite tariff threat
The company’s image sensors business faces weak handset demand as well as seismic shifts in the supply chain Sony Group raised its earnings forecast on Thursday (Aug 7) after a…
SingPost sells 10 HDB shophouses to Union Gas chairman for S$55.5 million
Singapore Post (SingPost) has sold 10 Housing & Development Board (HDB) shophouses for S$55.5 million, after putting them up for sale and leaseback earlier this year. The buyer is Teo…
South Korea says Samsung, SK Hynix will not be subject to 100% US chip tariffs
South Korea’s top trade envoy Yeo Han-koo said on Thursday that Samsung Electronics and SK Hynix will not be subject to 100 per cent US tariffs on chips. Yeo said on radio that…
UOB shares fall over 2% following lower Q2 net profit of S$1.34 billion reported
Shares of UOB fell by more than 2 per cent on Thursday (Aug 7), on the back of the local bank’s second-quarter results, which saw a 6 per cent year-on-year decline in its net profit of…
DBS shares reach S$50 mark, an all-time high, after unveiling higher Q2 profit
DBS shares set a record on Thursday (Aug 7) and hit the S$50 mark for the first time, after the lender posted marginally higher Q2 earnings before the market opened. The counter rose to an…
Private credit fuels a ‘buy now, pay later’ lending boom in Asia
Maria Hazel Regalado, a 48-year-old mother of four in the Philippines, needed a computer last year so she could work from home. Regalado, who helps manage rental properties in Australia,…