Posts by Riah Marton
Some eurozone banks too optimistic in valuing commercial property, ECB finds
SOME of the eurozone’s top banks may be inflating the value of commercial real estate, potentially masking a deterioration of loans to a sector struggling with a sharp downturn, a European Central Bank inspection found. Commercial property prices have fallen sharply due to higher borrowing costs and poor demand as firms adjust to post-pandemic realities,…
Read MoreHILL: Premier should undo NDP hikes, restore Alberta’s tax advantage
Breadcrumb Trail Links Money Money News News Alberta Opinion Columnists To truly undo the NDP tax hikes, Smith should replace Alberta’s current multi-bracket PIT system with a single rate of 8%, which would be the lowest provincial rate in Canada and one of the lowest top combined PIT rates in North America. The change would…
Read MoreComfortDelgro’s H1 2024 earnings rise 21.4% to S$95.3 million
TRANSPORT operator (CDG) reported on Wednesday (Aug 14) a 21.4 per cent increase in H1 2024 earnings to S$95.3 million, from S$78.5 million in the year-ago period. Revenue for the period rose 13.7 per cent to S$2.1 billion from S$1.9 billion in the year prior, driven mainly by new acquisitions and increased contributions from existing…
Read MoreSister Wives Season 19 Trailer Shows Kody Brown’s Relationships Unravel After Marrying “Wrong Person” – E! Online
Repeating the phrase he’s used for the past few seasons, Kody calls the situation with his exes “total civil war,” as Christine and Janelle continue their friendship after leaving him while his only remaining wife, Robyn Brown, admits, “I feel like the idiot that got left behind.” Despite Kody’s repeated attempts to convince her to…
Read MoreSingapore stocks close in the black; STI up 0.9%, led by Wilmar
Across broader market, decliners beat advancers 256 to 251, as 1 billion securities worth S$1.4 billion change hands SINGAPORE equities ended Wednesday (Aug 14) higher as investors took stock of ongoing first-half earnings reports. The benchmark Straits Times Index (STI) rose 0.9 per cent or 27.71 points to 3,286.28. Across the broader market, decliners outnumbered…
Read MoreTencent’s sales growth sped up after blockbuster game release
TENCENT Holdings’ revenue accelerated its growth after the blockbuster summer release of Dungeon & Fighter Mobile helped lift China’s most valuable company out of a gaming trough. Revenue jumped 8 per cent to 161.1 billion yuan (S$29.7 billion) for the April-to-June period, versus the projected estimate of 161.4 billion yuan. Net income surged to 47.6…
Read MoreHong Leong Asia expects to benefit from ramp-up in HDB building activity in H2
The short to medium-term outlook for the company’s building materials segment remains robust HONG Leong Asia saw a decline in revenue from its building materials segment in Singapore for the first half of this year. But the industrial conglomerate believes it will benefit from a ramp-up in public housing building activity in the second half.…
Read MoreUOB plans to move some back, middle-office functions to Malaysia; aims to sustain ROE at 14% by 2026
Laying out the bank’s medium-term goals by 2026, group chief financial officer Lee Wai Fai expects more contributions from around Asean [KUALA LUMPUR] UOB will move some of its back and middle-office functions to Malaysia, mainly in capital city Kuala Lumpur (KL), as it looks to maintain its cost-to-income ratio at 40 per cent by…
Read MoreChampioning Esports and Aquatics on a Global Stage
Mark Chay Jung Jun is a notable athlete in sports and Esports, known for his diverse contributions to traditional sports and the growing Esports field. As a former Olympic swimmer and now a key player in sports administration, Chay reflects a deep commitment to the growth and development of athletic and gaming communities globally. Chay’s…
Read MoreGlobal banks are nowhere near reaching their CO2 targets
GLOBAL banks are not living up to targets to cut their financing of activities that are directly fuelling climate change, according to a new study by the World Resources Institute (WRI). The analysis, which looked at 25 of the world’s biggest lenders, found that “not only are banks off-track to meet net-zero targets, but many…
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