Posts by Mark Darwin
Golden Agri-Resources Q1 profit rises 47% to US$55 million on better plantation output
[SINGAPORE] Golden Agri-Resources (GAR) reported net profit of US$55 million for the first quarter ended Mar 31, up 47 per cent from US$37 million in the previous corresponding period. This was mostly driven by stronger plantation output and an appreciation in the price of crude palm oil, the company said on Thursday (May 15). Revenue…
Read MoreManulife US Reit portfolio occupancy falls to 69.9% for Q1
[SINGAPORE] Manulife US Real Estate Investment Trust (MUST) posted a portfolio occupancy of 69.9 per cent on Thursday (May 15) for its first quarter ended March, down from 73.9 per cent in the previous quarter. The pure-play US office Reit manager explained that this was largely due to the expiry of leases at its Diablo…
Read MoreAmazon trims jobs in devices and services unit
CEO Andy Jassy is trying to reduce what he described as excessive bureaucracy at the company, including a plan to reduce the number of managers Published Thu, May 15, 2025 · 08:31 AM [SAN FRANCISCO] Amazon on Wednesday (May 14) cut about 100 jobs in its devices and services unit, the group overseeing the development…
Read MoreChina pauses rare earths exports curbs targeting US entities
Exporters of rare earth and other goods that can be used for military uses are allowed to apply for export licenses to the Ministry of Commerce now in 90 days Published Thu, May 15, 2025 · 07:28 AM [HONG KONG] China on Wednesday (May 14) suspended curbs on exports of rare earths and other goods…
Read MoreBoeing marks comeback from crisis with record Qatar Airways deal
[DUBAI] A year after Boeing slogged through a deep executive shakeup and prolonged existential crisis, the US planemaker just landed its biggest-ever aircraft order, propelled by a powerful endorsement from US President Donald Trump. Chief executive officer Kelly Ortberg signed an accord for as many as 210 widebody aircraft from Qatar Airways, including the 787…
Read MoreCenturion Q1 revenue up 13% at S$69 million on rental reversions
[SINGAPORE] Dormitory and student accommodation operator Centurion Corporation’s revenue rose 13 per cent to S$69 million for the first quarter ended Mar 31, from S$61.1 million in the year ago period. This was driven by positive rental revisions across markets and strong financial occupancies in both Singapore and the United Kingdom. Revenue from the purpose-built…
Read MoreParagon Reit to suspend trading on May 15 ahead of delisting
[SINGAPORE] Paragon Reit will suspend trading in its units from 9 am on Thursday (May 15), and bow out of the Singapore Exchange, the manager of the retail real estate investment trust said in a regulatory filing on Wednesday. Cuscaden Peak’s Times Properties proposed to take the real estate investment trust private at S$0.98 in…
Read MoreRWS chairman and Genting Singapore CEO Tan Hee Teck retires; group’s Q1 profit drops 41% to S$145m
[SINGAPORE] Resorts World Sentosa (RWS) chairman and chief executive officer Tan Hee Teck will retire from his position on May 31. Tan, 69, is also stepping down as CEO of Genting Singapore, the group said in a bourse filing on Wednesday (May 14). “The board respects Mr Tan’s decision and would like to express their…
Read MoreComfortDelGro posts a 19% rise in Q1 net profit to S$48.3 million
Revenue rises 16.4% to S$1.2 billion, whereas operating costs climbs at a slower pace of 15% [SINGAPORE] Transport behemoth ComfortDelGro posted a 19 per cent rise in its net profit of S$48.3 million for the quarter ended March on contributions from last year’s acquisitions and improved margins. It said in an update for the first…
Read MoreTencent’s Q1 revenue rises 13% on gaming strength
The company benefits from regulatory easing in China’s gaming sector following stringent restrictions in previous years Published Wed, May 14, 2025 · 05:24 PM — Updated Wed, May 14, 2025 · 05:24 PM [BEIJING] Tencent Holdings, China’s biggest technology company by market capitalisation, posted a 13 per cent rise in first-quarter revenue on Wednesday (May…
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