Culture
ExxonMobil reports 23.4% drop in profits on lower crude prices
Published Fri, Aug 1, 2025 · 08:33 PM[NEW YORK] ExxonMobil reported a drop in second-quarter profits on Friday (Aug 1) as the hit from lower crude prices more than...
Tai Sin Electric to acquire 25% stake in charging station contractor
Its subsidiary Lim Kim Hai Electric has subscribed for 333,333 new ordinary shares of EV Mobility for S$1.5 million[SINGAPORE] Power distribution solutions provider Tai Sin Electric has entered into...
UOB trims One Account interest rate again; maximum 2.5% per annum on first S$150,000
[SINGAPORE] UOB is cutting interest rates on its flagship savings account, the One Account, for the second time in 2025.
With effect from Sep 1, the maximum effective interest rate...
Singapore shares on longest losing streak since April; STI falls 0.5%
[SINGAPORE] Local stocks fell for the sixth consecutive session on Friday (Aug 1), notching their longest losing streak since Apr 9, as most markets in Asia closed lower following...
OCBC warns of greater challenges in H2 as ‘chain reaction’ from US tariffs unfolds
[SINGAPORE] While OCBC posted “stronger than anticipated” results in the first half of 2025, the lender will likely face more challenges in the second half, said group chief executive...
OCBC trims full-year NIM guidance; Q2 profit slips 7% to S$1.82 billion
[SINGAPORE] OCBC has lowered its target net interest margin (NIM) for FY2025 to a range of 1.9 to 1.95 per cent, down five to 10 basis points (bps) from...
UOBKH calls a ‘sell’ on SIA, lowers target price after significantly weaker Q1 earnings
[SINGAPORE] UOB Kay Hian (UOBKH) equity analyst Roy Chen downgraded his rating on Singapore Airlines (SIA) to “sell”, with a reduced target price of S$6.03 from S$6.63, on the...
Watch-listed CosmoSteel to delist after 3HA Capital buyout offer accepted
[SINGAPORE] Watch-listed company CosmoSteel Holdings will be delisted from the Singapore Exchange (SGX) as it no longer satisfies the bourse’s free-float requirement.This comes as an offer by investment holding...
3HA Capital to privatise watch-listed CosmoSteel after buyout offer accepted
[SINGAPORE] Watch-listed company CosmoSteel Holdings will be delisted from the Singapore Exchange (SGX) as it no longer satisfies the bourse’s free-float requirement.This comes as an offer by investment holding...
US tariffs’ direct impact on Singapore ‘contained’, but semiconductors and pharmaceuticals still under threat: analysts
[SINGAPORE] The direct downside impact of US tariffs on Singapore’s economy should be “contained”, but threats from sectoral tariffs against semiconductors and pharmaceuticals remain, said analysts on Friday (Aug...
Singapore, Malaysia markets rise, while Taiwan stocks drop as Trump sets new tariff rates
[SINGAPORE] Singapore stocks opened slightly up on Friday (Aug 1), while Malaysia markets jumped and Taiwan slumped, following the announcement of US President Donald Trump’s global tariff rates.Malaysia, Thailand...
