News
Top Thai hospital operator hastens expansion on foreign demand
THAILAND’S biggest private hospital operator will add more new beds than previously planned on expectations that an ageing local population and foreign demand for affordable healthcare services will further...
PepsiCo’s Apac CEO Tan Wern-Yuen to join Hillhouse Investment
PEPSICO’S Asia-Pacific CEO and global chief commercial officer, Tan Wern-Yuen, is set to join private equity firm Hillhouse Investment in March.The Business Times understands that the executive will lead...
Heavy selling wipes S$1.5 billion off Yangzijiang Shipbuilding’s value as its shares plummet 16%
Shares of Yangzijiang Shipbuilding dived around 16 per cent on Thursday (Feb 27) morning, a day after it posted earnings and in a week when the US proposed to...
Acrophyte Hospitality Trust’s H2 DPS falls 46.7% to US$0.01026
Revenue for the period declines 5.2% year on year to US$84.9 million from US$89.5 million previouslyACROPHYTE Hospitality Trust’s distribution per stapled security (DPS) for the half year ended December...
Nissan CEO Uchida’s future in focus as sources say management shake-up due soon
JAPAN’S Nissan will unveil a shake-up in its top ranks next month, three people familiar with the matter said on Thursday (Feb 27), adding that embattled CEO Makoto Uchida...
Stocks to watch: ST Engineering, CLI, Yangzijiang Shipbuilding, Sembcorp, Golden-Agri
THE following companies saw new developments that may affect trading of their securities on Friday (Feb 27). ST Engineering: The defence and engineering group on Thursday reported a net...
Golden Agri’s H2 profit soars 1,617.1% to US$262.1 million
PALM oil producer Golden Agri-Resources’ net profit for its second half ended Dec 31 surged to US$262.1 million from US$15.3 million in H2 FY2023, on the back of higher...
Salesforce gives tepid outlook while touting AI progress
SALESFORCE gave a fiscal-year revenue forecast that fell short of estimates, dimming optimism that the company’s new artificial intelligence (AI) product would spur faster sales growth.Revenue will be US$40.5...
eBay forecasts quarterly revenue below expectations on weak demand
E-COMMERCE firm eBay forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling weak demand for products such as collector’s items and refurbished goods, sending its shares down 7...
Nvidia’s solid earnings report falls short of blowout level
NVIDIA, the chipmaker at the centre of an artificial intelligence (AI) spending boom, gave solid quarterly results and a bullish revenue forecast for the current period, even if the...
