News
SGX-listed companies have ‘significant room for improvement’ in whistle-blowing policies: NUS study
SINGAPORE-LISTED companies are not doing nearly enough when it comes to whistle-blowing policies, according to a study by the Centre for Investor Protection (CIP) at NUS Business School. For...
Jardine C&C posts 4.4% rise in H2 underlying profit to US$602 million
JARDINE Cycle & Carriage (C&C) posted a 4.4 per cent rise in its underlying profit of US$602 million for the six months ended December 31, 2024. This came as...
Tencent releases new AI model, says replies faster than DeepSeek-R1
The success of DeepSeek’s R1 and V3 models has sent Chinese tech giants like Tencent scrambling to put out new versions of AI modelsCHINESE tech giant Tencent on Thursday...
Singapore stocks gain ground; STI rises 0.3% despite Yangzijiang Shipbuilding dive
The three local banks show mixed performance, with DBS declining while OCBC and UOB advance SINGAPORE shares climbed on Thursday (Feb 27) as investors took stock of company earnings....
US multifamily homes, offices find favour among private equity investors
Last year, the supply of multifamily homes in the country grew by the most since the 1980s, although “exceptional” demand has helped to absorb that, says a Freddie Mac...
GuocoLand inks MOU to jointly develop UEM Sunrise’s land bank in Iskandar Puteri
GUOCOLAND will partner Malaysia’s UEM Sunrise to develop selected freehold land parcels in Iskandar Puteri, within the Johor-Singapore Special Economic Zone (JS-SEZ). This is under a memorandum of understanding...
Mercedes set to cut jobs in China as local competition heats up
MERCEDES-BENZ Group and its subsidiaries are planning to cut up to 15 per cent of the automaker’s workforce in China, mainly within its financing and sales units, as the...
China Aviation Oil H2 profit falls 8.1% to US$36 million
CHINA Aviation Oil (CAO) reported a 8.1 per cent fall in net profit to US$36 million for the second half ended Dec 31, from US$39.1 million in the previous...
Blackstone in talks to sell China logistics assets in divestment
BLACKSTONE is in advanced talks to sell three logistics projects in China to Ping An Insurance (Group), according to sources familiar with the matter, in a major exit from...
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...
