News
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...
Indonesia’s move to control coal prices faces Chinese pushback
THE Indonesian government’s plan to regulate the price of coal exports is facing pushback from its largest customer, as firms in China baulk at paying higher costs as other...
Asian chip shares tumble on Nvidia earnings, tariff fears
A POOR market reception of Nvidia’s earnings and the spectre of additional US tariffs have knocked down Asian chip stocks, dragging Japan’s tech-heavy Nikkei average down to its lowest...
IHH Healthcare ‘On Track’ For Double-Digit ROE
INTEGRATED healthcare operator IHH Healthcare is “on track for double-digit return on equity (ROE)“ in the coming years, said its management on Friday (Feb 28). While the group did...
Bitcoin down 25% from all-time high as crypto sell-off deepens
The sell-off underscores a swift change of fortunes for digital assets, which boomed after Trump’s election winTHE rout in Bitcoin worsened during Asian trading hours on Friday (Feb 28),...
HPL H2 profit nosedives 94.4% to S$32.1 million; S$0.04 per share final dividend proposed
HOTEL Properties Limited (HPL), the real estate player owned by tycoon Ong Beng Seng, posted net profit of S$32.1 million for the second half ended Dec 31, plunging from...
Stocks to watch: IHH Healthcare, Jardine C&C, Olam, ComfortDelGro, Sheng Siong
THE following companies saw new developments that may affect trading of their securities on Friday (Feb 28).IHH Healthcare: The integrated healthcare operator on Thursday announced net profit of RM732...
