News
3M to return US$10 billion to shareholders, reiterates sales forecast
3M also reaffirmed its annual forecast of organic sales growth in the range of 2% to 3%3M Co said on Wednesday (Feb 26) it would return at least US$10...
Yangzijiang Shipbuilding H2 profit up 50.5% at 3.6 billion yuan
YANGZIJIANG Shipbuilding reported a net profit of 3.6 billion yuan (S$659.3 million) for the second half ended Dec 31, 2024 – 50.5 per cent higher than the 2.4 billion...
Billionaires should do more to list their businesses on SGX.
LAST week, there was a raft of measures unveiled to spur equities market development here.A S$5 billion equity market development programme is being launched, under which the Monetary Authority...
OCBC conservative about FY2025 targets amid trade tensions, uncertainties
Bank’s Q4 net profit is up 4% at S$1.7 billion, while full-year earnings rise 8% to a record S$7.6 billion OCBC rode on the strength of macroeconomic tailwinds to...
From origins to turmoil: The CDL story
1963: City Developments Ltd (CDL) begins operations with eight staff in a small, rented office at Amber Mansions and was listed on the Malayan Stock Exchange in November 1963.1966:...
Thai central bank surprises with rate cut as risks to growth increase
THE Bank of Thailand unexpectedly cut its key interest rate for the first time in four months, acting after disappointing growth data and public calls for lower borrowing costs...
CDL says Sherman Kwek remains group CEO, as board battle erupts
City Developments Ltd (CDL) group chief executive officer Sherman Kwek said recent changes to the board have “never been about ousting our esteemed chairman, responding to moves by his...
Great Eastern privatisation is ‘natural progression’ in bank’s strategy: OCBC CEO Helen Wong
THE full integration of Great Eastern into OCBC will help the lender realise more synergistic value, by providing more opportunities for the bank to work closer with the insurer,...
Alibaba makes AI model for video, image generation publicly available
CHINESE e-commerce leader Alibaba said on Wednesday (Feb 26) that its video- and image-generating artificial intelligence (AI) model Wan 2.1 is now publicly available – or open source –...
Circle says stablecoin issuers should be US registered
JEREMY Allaire, the co-founder of stablecoin issuer Circle Internet Financial, is making the case that the issuers of the US dollar-based cryptocurrencies that underpin much of the trading in...
