Old Chang Kee H1 profit rises 42% to S$6.2 million
CURRY puff maker Old Chang Kee on Friday (Nov 8) posted a net profit of S$6.2 million for the six months ended Sep 30, climbing 42 per cent from S$4.4 million year on year (yoy). This…
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.
Pierre Cardin to be hit with EU antitrust fine for cross-border sales curbs: sources
FRENCH fashion house Pierre Cardin is set to be fined in the coming weeks for licensing and distribution deals with German clothing maker Ahlers in breach of European Union rules on online…
Sembcorp Industries to sell waste management unit to Indonesian energy company for S$405 million
ENERGY and urban development company Sembcorp Industries on Friday (Nov 8) announced that it intends to sell its wholly owned unit Sembcorp Environment to SBT Investment 2 for S$405…
India vs South Africa Live Streaming: How to Watch the 1st T20I Match in the US, UK and India
South Africa and India are set to face off in a four-match T20I series starting Friday, November 8, at Kingsmead Stadium in Durban. This matchup is their first since the 2024 T20 World Cup…
Ikea reports higher profit despite revenue hit from price cuts
INTER Ikea, the owner of the world’s biggest furniture brand, reported higher profits for 2024 thanks to lower interest payments, despite a sharp decline in revenues after it cut prices…
F&N FY2024 earnings rise 12.7% to S$150.2 million on higher revenue
BEVERAGE and publishing company Fraser and Neave (F&N) on Friday (Nov 8) announced a 12.7 per cent rise in net profit to S$150.2 million for the financial year ended Sep 30, from S$133.2…
Xiefangzheng Sun On The Art Of Redesigning Education And Culture Spaces
Architectural designer Xiefangzheng "Will" Sun is no stranger to renovations of education and culture spaces, like community libraries and world-class museums. He worked at the acclaimed…
India’s Tata Motors posts surprise Q2 profit drop on weak sales
INDIA’S Tata Motors reported a surprise drop in second-quarter profit and its first revenue decline in 10 quarters on Friday (Nov 8), hurt by weakness in both its luxury vehicles unit…
AI startup funding hit a record in L.A. area last quarter. Here's who got the most money
The Bay Area has long held the title for attracting the most venture capital funding in the nation, and that naturally includes the hot market for artificial intelligence startups. After…
State Bank of India beats Q2 profit view but lending margin shrinks
STATE Bank of India, the country’s largest lender by assets, beat second-quarter profit estimates on Friday (Nov 8), helped by higher non-interest income but its lending margin shrank. The…
Singapore banks lead STI rally to 17-year high; index up 1.4%
THE Straits Times Index (STI) continued to rally on Friday (Nov 8), hitting a 17-year high. It was up 1.4 per cent or 50.88 points at 3,724.37. Across the broader market, advancers…
Richemont profit slumps on weak China demand for luxury watches
RICHEMONT reported a slump in profit in the first half as the Swiss luxury group’s watchmaking division suffered from cooling demand in China. The Cartier owner reported 2.2 billion euros…
The Fiery Priest 2 Episode 1 (Premiere): How to Watch, Preview, Spoilers, and More
Here is everything about The Fiery Priest 2 episode 1, like the airdate, preview, spoilers, and streaming details. Source link
China’s car sales jump in October as automakers rush to meet annual goals
CHINA’S passenger vehicle sales jumped 11.2 per cent in October year on year, the second straight monthly rise and the fastest growth since January, led by domestic champion BYD as…
US Fed’s rate cut brings ‘relief’ to Asian markets, but long-term uncertainty under Trump remains
Observers expect volatility in the markets until there is greater clarity on Trump’s policies THE latest rate cut by the US Federal Reserve is expected to bring “some relief” to Asian and…
Fed’s rate cut brings ‘relief’ to Asian markets with STI hitting 17-year high, but long-term uncertainty under Trump remains
Observers expect volatility in the markets until there is greater clarity on the new president’s policies THE latest rate cut by the US Federal Reserve is expected to bring “some relief”…
Geely seeks over two billion euros loan to refinance Volvo truck deal
CHINESE billionaire Li Shufu’s Zhejiang Geely Holding Group is in talks with banks for a syndicated loan to refinance borrowings related to its acquisition of a stake in Volvo in 2018,…
Fed’s implied message: Enjoy the rate cuts and market euphoria now, worry about tariffs and deficits later
Powell leaves door open to another cut in December, depending on the rate of inflation and if the labour market softens further THE US Federal Reserve cut interest rates as expected on…
UOB looks to take ‘full advantage’ of excess capital by end of this year: CEO Wee Ee Cheong
UOB is actively looking to manage its capital, and hopes it can find ways to take “full advantage” of the excess by the end of this year, said chief executive Wee Ee Cheong. With around…
Soros Fund Management to shut Hong Kong office in rejig
SOROS Fund Management, founded by billionaire George Soros, plans to shut its Hong Kong office as part of an administrative reorganisation, but said it will continue to invest in Asia.…
Goldman promotes Singapore, Hong Kong and Japan bankers to partner
GOLDMAN Sachs promoted three Japanese nationals to its highest rank of executives, the most in more than a decade, after a revival in local financial markets helped the Wall Street bank…
Hot stocks: UOB adds S$4 billion to value as Singapore banks break share price ceilings
SHARES of UOB and OCBC leapt to levels never seen before, with both lenders surpassing street consensus estimates in their third-quarter net profit figures released Friday (Nov 8). As at…
Baidu readies AI smart glasses to rival Meta’s Ray-Bans
BAIDU is set to unveil a pair of glasses with a built-in artificial intelligence (AI) assistant, putting up a Chinese rival to the Meta Ray-Bans that have proven a rare success in…
Sats unlikely to resume dividend payout ratio of 70-80%, but quantum will rise in tandem with profit
The group aims for over S$8 billion in revenue, return on equity of higher than 15%, and net profit margin of over 5% in FY2029 IN-FLIGHT caterer and ground handler Sats is unlikely to…