Business
Sea doubles profit to US$375 million for Q3
Sea reported on Tuesday (Nov 11) a 144.6 per cent increase in its third-quarter earnings to US$375 million, up from US$153.3 million in…
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Buyer of Shell’s refinery has set aside US$2 billion for Singapore investments, is hungry for more deals
Aster is betting on ‘strategic resilience’ as it invests through the oil and gas down cycle Energy and chemicals player Aster has set…
Business
Buyer of Shell’s refinery has set aside US$2 billion for Singapore investments; more deals on the way
Aster is betting on ‘strategic resilience’ as it invests through the oil and gas down cycle Energy and chemicals player Aster has set…
Business
Outlook for UOB lags DBS, OCBC amid spotlight on asset quality in Q3
Analysts remain positive on DBS and OCBC given resilient results supported by strong non-interest income Market outlook for UOB has turned…
Business
UOB outlook lags that of DBS, OCBC amid spotlight on asset quality in Q3
Analysts remain positive on DBS and OCBC given resilient results supported by strong non-interest income The market outlook for UOB has…
Business
CapitaLand Ascendas Reit to divest logistics property in Australia for S$90 million
Sale consideration is a 17.2% premium to the original purchase price of S$76.8 million when the property was acquired in 2015 CapitaLand…
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Singapore: 27-Year-Old Motorcyclist Dies Following Collision with Car on PIE; Driver in Custody
A 27-year-old motorcyclist died on Monday, November 10, following an accident with a car on the Pan-Island Expressway (PIE). The police…
Business
Diversification is even more urgent post ‘Liberation Day’, says DBS CEO Tan Su Shan
DBS Group chief executive Tan Su Shan said it was more important for businesses to diversify after the US announced tariffs on imports…
Business
DBS CEO Tan Su Shan sees tech-led growth in China despite property slowdown
China’s push into deep technology and artificial intelligence is creating pockets of growth despite an uneven recovery in its property…
Business
Prime US Reit Q3 distributable income falls 25.9% to US$6.3 million; raises distributable income payout ratio to at least 50%
The manager of Prime US Reit on Tuesday (Nov 11) posted a distributable income of US$6.3 million in Q3, down 25.9 per cent from US$8.5…
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Prime US Reit raises distributable income payout ratio to at least 50%; records lower Q3 income
A distribution of only 10% of the distributable income has been declared for the last two one-year periods since Jul 1, 2023, the manager…
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Wisconsin Teacher's Aide Charged for Having Sexual Contact with Underage Teen, Sending Nude Videos to Him, His Friends
A teacher's aide who allegedly had sex with a teen and sent nude videos to the victim and his friends is facing more than a dozen child…
Business
SBS Transit Q3 earnings fall 20.6% due to lower interest income
Revenue is also lower due to the loss of the Jurong West contract package to SMRT in September 2024 Bus and train operator SBS Transit’s…
Business
UK unemployment at its highest since pandemic as jobs market cools
The jobless rate climbed to 5 per cent in the three months through September, up from 4.8 per cent the month before UK unemployment rose…
Business
Burger King to enter China joint venture, plans to double stores
The new joint venture, Burger King China, will receive US$350 million in investment CPE US fast-food chain Burger King will rapidly expand…
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91 People Under Investigation for Suspected Unlicensed Moneylending in Singapore
Singapore police are investigating 91 individuals, aged between 16 and 77, for their suspected involvement in unlicensed moneylending…
Business
KKR, Singtel seek S$5 billion loan for STT GDC buyout
If finalised, this deal could mark Asia’s largest-ever leveraged buyout financing in the data centre sector A consortium comprising of KKR…
Business
KKR, Singtel seek S$5 billion loan for STT GDC buyout: sources
If finalised, this deal could mark Asia’s largest-ever leveraged buyout financing in the data-centre sector A consortium comprising of KKR…
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Singapore Police Arrest 22-Year-Old Man Within 20 Hours of Robbery Case Involving Injury
A 22-year-old man was arrested for his suspected involvement in a case of robbery with hurt. The police said that they were informed about…
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Singapore-Bound Ferry from Batam Collides with Tanker; MPA Says No Injuries Reported
Two ships, including a ferry that was transporting 165 people from Batam to Singapore, collided in the waters of the city-state on Monday,…
Business
STI rises on Tuesday amid mixed regional performance
Straits Times Index closes up 1.2% or 54.07 points at 4,542.20 while the iEdge Singapore Next 50 Index rises 0.5% or 7.11 points to…
Business
Banks and landlords are pounding on the door; will mm2 Asia survive the siege?
It has been a difficult year for mm2 Asia, whose Cathay Cineplexes unit has already entered voluntary liquidation Mired in debt and facing…
Business
Banks and landlords are pounding on the door; can mm2 Asia survive the siege?
It has been a difficult year for mm2 Asia, whose Cathay Cineplexes unit has already entered voluntary liquidation Mired in debt and facing…