News
Haw Par posts 5.5% drop in H2 profit; proposes special dividend of S$1 per share
TIGER Balm maker Haw Par Corp’s profit fell 5.5 per cent to S$106.3 million for the six months ended Dec 31, 2024, on the back of higher costs.Nevertheless, it...
China’s SAIC, Huawei to partner in developing new smart EVs
CHINESE automaker SAIC Motor said on Friday (Feb 21) it would partner with tech company Huawei to develop new “globally competitive” smart electric vehicles.
The tie-up sees yet another state-owned...
EDB managing director Jacqueline Poh named as JTC’s new CEO
She will also be appointed as a member of the JTC board in an ex officio capacityTHE Ministry of Trade and Industry (MTI) announced on Friday (Feb 21) that...
StanChart CEO Winters’ 2024 pay jumps 46% on-year
The surge in total remuneration comes mainly from a nearly 78% increase in the long-term incentive awardSTANDARD Chartered chief executive officer Bill Winters’ total salary for 2024 came up...
Abrdn in talks to launch China asset management venture with Citic unit: sources
ABRDN is in advanced talks with Citic Bank to launch an asset management joint venture in China, two sources with knowledge of the matter said, as the British firm...
Jefferies hires two senior traders from CLSA in Asia push
JEFFERIES Financial Group hired two senior traders from CLSA, building out in Asia-Pacific after its revenue in the region jumped last year, a source familiar with the matter said....
IMF calls for Thai rate cut to support inflation, ease debt load
A FURTHER reduction in Thailand’s policy interest rate will help shore up low inflation and ease the burden for local borrowers, according to the International Monetary Fund (IMF). The...
Chinese bubble tea chain Mixue aims to raise HK$3.45 billion in Hong Kong IPO
Bookbuilding for the IPO starts on Friday and the stock is due to begin trading on the Hong Kong Stock Exchange on Mar 3CHINA’S largest bubble tea and drinks...
Apple’s Tim Cook meeting with Trump as tariffs threaten iPhones
PRESIDENT Donald Trump is meeting with Apple CEO Tim Cook at the White House on Thursday (Feb 20), according to a source familiar with their plans.The source shared the...
Stocks to watch: Wilmar, SIA, Genting Singapore, Seatrium, Starhub, FEHT, The Hour Glass
THE following companies saw new developments that may affect trading of their securities on Friday (Feb 21): Wilmar: It posted on Thursday a 39.4 per cent fall in net...
