News
Fu Yu warns of loss for FY2024 on non-cash impairments of S$4 million
Excluding these, the group expects to post an operating profit and an improvement in financial performance for the fiscal yearMAINBOARD-LISTED plastic parts manufacturer Fu Yu warned on Friday (Feb...
SGX falls 6% as initial MAS review group proposals dampen earlier optimism; Citi downgrades to ‘sell’
The counter could potentially give up much of its gains since unveiling its first-half resultsCITI Research downgraded its call on the Singapore Exchange (SGX) to “sell” on Friday (Feb...
Maybank upgrades Singtel’s AIS to buy, raises price target on further profit growth expectations
Maybank Securities has upgraded Singtel’s Thai associate Advanced Info Service (AIS) to “buy” from “hold”, due to a strong outlook and healthy yields. Its optimism is driven by expectations...
Arm recruits from customers as it plans to sell its own chips
ARM has begun recruiting from its own customers and competing against them for deals as it pushes toward selling its own chips, according to people familiar with the matter...
Meta opens Facebook Marketplace to rivals in EU antitrust clash
Facebook said that despite the changes, it continues to disagree with the European Commission’s decision last year, which saw Meta punished for abusing its dominanceMETA Platforms is prying open...
ThaiBev Q1 revenue up 2.4% to 92.3 billion baht
Improvement driven by stronger sales of beer, non-alcoholic beverages and food segments THAI Beverage on Thursday (Feb 13) reported that its revenue was up 2.4 per cent at 92.3 billion...
US Bitcoin miners disrupted by Chinese supplier under scrutiny
CRYPTO miners in the US are experiencing delays receiving deliveries of new equipment, threatening their competitiveness and profit margins, as the Chinese juggernaut that supplies the bulk of their...
US inflation data hits regional markets; STI up 0.2%
SINGAPORE equities ended Thursday (Feb 13) higher, even as US data – which indicated sticky inflation – hit regional markets.The Straits Times Index (STI) gained 7.96 points, or 0.2...
MAS review group proposes tax perks to boost Singapore’s equities market as a start
THE Monetary Authority of Singapore’s (MAS) equities market review group proposes to introduce tax incentives to spur more listings and investments in the local equities market, in its first...
Barclays sets new performance goals as 2024 pretax profit rises
BARCLAYS upped its 2025 performance guidance on Thursday (Feb 13) after posting a 24 per cent rise in annual pretax profit for 2024 that beat expectations, as its investment...
