News
Sherman Kwek saying ‘there was no attempt to oust me misses the point’: CDL chairman Kwek Leng Beng
CITY Developments Ltd (CDL) chairman Kwek Leng Beng has alleged that his son’s denial of an attempt to oust him “misses the point”, in yet another twist to the...
US: Wall St opens subdued after in-line inflation data
WALL Street’s main indexes had a subdued start on Friday (Feb 28) after data showed inflation rose as expected in January, while concerns that US President Donald Trump’s policies...
Yeo Hiap Seng’s H2 profit up 9% on Oatly compensation, higher sales
Its board proposed a final dividend of S$0.02 per share, unchanged from the previous corresponding periodHIGHER sales volumes and compensation from oat milk maker Oatly lifted the net profit...
AirAsia owner Capital A swings to annual loss on forex losses, expects profitability in 2025
Capital A swung to an attributable loss of RM475.1 million (US$106.5 million) in 2024, from a profit of RM255.3 million in the previous yearMALAYSIA’S Capital A Berhad, owner of...
Creative Technology CEO Song Siow Hui retires
CREATIVE Technology chief executive Song Siow Hui, 70, is retiring from his role as of Friday (Feb 28), and the company is now on a “global search” for its...
Far East Orchard H2 net profit down 29.4% on lower fair value gains, higher costs
HOSPITALITY and student housing player Far East Orchard’s net profit fell 29.4 per cent to S$40.7 million for the six months ended Dec 31, 2024, hit by lower fair...
Singapore stocks fall as trade tariff concerns re-emerge overnight; STI down 0.7%
Across the broader market, losers beat gainers 379 to 226 after 2.1 billion securities worth S$2.4 billion are traded. SINGAPORE stocks fell in tandem with other regional markets on...
Citigroup mistakenly credits customer account US$81 trillion in ‘near miss’, FT reports
CITIGROUP erroneously credited US$81 trillion, instead of US$280, to a customer’s account and took hours to reverse the transaction, a “near miss” that shows up the bank’s operational issues...
Ong Beng Seng to plead guilty on Apr 2
PROPERTY tycoon Ong Beng Seng, 79, has decided to plead guilty. He faces two criminal charges in relation to dealings with former minister S Iswaran. The first charge, for...
Corporate governance risks and opportunities in CDL’s family feud
COMMON wisdom holds that independent directors in family-controlled listed companies are an essential safeguard against family members on the board and management colluding at the expense of minority shareholders.The...
