Posts by Riah Marton
Heineken narrows guidance after nearly US$1 billion China charge
Heineken said it took a one-time impairment of US$949 million for the decline in valuation of its stake in China’s largest brewer. The Dutch beer giant said the write-down for its interest in China Resources Beer Holdings was due to concerns about consumer demand in the mainland, which had affected its share price, according to…
Read MoreHeineken raises guidance despite first-half miss and impairment
Dutch brewer Heineken raised its full-year profit guidance on Monday (Jul 29) despite missing half-year estimates and taking a US$949 million impairment. The maker of Europe’s top-selling lager reported a 12.5 per cent rise in half-year operating profit, below analysts’ forecast of 13.2 per cent. The world’s second-largest brewer, whose brands include Tiger and Sol,…
Read MoreGoTo launches ‘buy now, pay later’ service on TikTok’s ShopTokopedia
The instalment payment method offers a credit limit of up to 10 million rupiah with flexible tenor options INDONESIAN digital ecosystem GoTo Group, in a tie-up with TikTok, has provided its “buy now, pay later” service on the social media platform’s ShopTokopedia, it announced on Monday (Jul 29). The introduction of GoPay Later, which expands…
Read MoreChina Evergrande’s EV arm drops after creditors seek bankruptcy proceedings for units
SHARES of China Evergrande New Energy Vehicle fell 7 per cent in Monday (Jul 29) morning trade after individual creditors of two of its units sought court approval for the units to go through bankruptcy proceedings and be reorganised. The electric vehicle (EV) maker said its units Evergrande New Energy Vehicle (Guangdong) and Evergrande Smart…
Read MoreIndonesia’s big coal firms overlooking methane emissions: report
COAL firms in major CO2 emitter Indonesia are overlooking planet-warming methane emissions, obscuring the full environmental impact of their operations, according to a report published on Monday (Jul 29). Methane – which is responsible for about one-third of warming from greenhouse gases – is a key focus for countries wanting to slash emissions quickly and…
Read MoreHot stock: Seatrium up as much as 9.3% after H1 profit guidance
The offshore and marine specialist expects a net profit for the first half of its financial year SHARES of Seatrium surged on Monday (Jul 29) in early trade, following the offshore and marine specialist’s profit guidance, which was announced before the market opened. As at 9.50 am, the counter surged 9.3 per cent or S$0.14…
Read MoreSingapore shares open higher on Monday; STI up 0.7%
SINGAPORE stocks started trading in the positive territory on Monday (Jul 29) after global equities ended higher last week. As at 9.01 am, the Straits Times Index (STI) opened 0.7 per cent or 23.26 points higher at 3,449.73. Across the broader market, gainers outnumbered losers 102 to 30 after 68 million securities worth S$58.5 million…
Read MoreStocks to watch: Keppel Infrastructure Trust, SIA Engineering, Parkway Life Reit, Seatrium, Raffles Medical
THE following companies saw new developments that may affect trading of their securities on Monday (Jul 29): Keppel Infrastructure Trust (KIT): The trust reversed into the red with a loss of S$23.9 million in the first half of 2024, from a profit of S$39.4 million in H1 2023. The business trust’s manager reported on Friday…
Read MoreSelena Gomez Claps Back at Plastic Surgery Speculation – E! Online
Selena was diagnosed with lupus, an incurable autoimmune disorder that attacks tissues and organs, in 2014. Symptoms, such as joint pain, are felt during flares, or periods of increased disease activity. They can be reduced with medications, many of which come with side effects. Selena, who underwent a kidney transplant in 2017 as a result of…
Read MoreLady Gaga Confirms Engagement to Michael Polansky at 2024 Olympics – E! Online
Lady Gaga just revealed an Olympic-sized update about her personal life. The 13-time Grammy winner is engaged to longtime partner Michael Polansky. During a conversation with French Prime Minister Gabriel Attal at the 2024 Paris Olympics July 28, Gaga introduced the politician to Polansky, referring to him as her “fiancé.” E! News has reached out to the “Bad…
Read More