Posts by Stephanie Irvin
Singapore-based Interra Resources denies allegations that it’s ‘fuelling war crimes’ in Myanmar by supplying oil
OIL and gas exploration and production company Interra Resources on Thursday (Feb 6) denied a report that alleged it is supplying the Myanmar junta with more than two million barrels of oil since the military’s “illegal coup attempt”. It refuted a few allegations that were made, from denying that it signed contracts with the junta,…
Read MoreYouTube is buying TikTok ads to lure creators before US ban
YOUTUBE is running ads on TikTok targeting the app’s content creators, an effort to lure these valuable users to the Google-owned rival and capitalise on TikTok’s uncertain future. “I never thought in my life I would be a YouTuber; it was literally my dream in high school, and now I’m getting gifted from them!” a…
Read MoreThese property sectors in Singapore could take a hit from the JS-SEZ, analysts say
WHILE some industries in Singapore, such as banks and gaming, are poised to benefit from the Johor-Singapore Special Economic Zone (JS-SEZ), this may not be the case for some industries. Fears that the SEZ may hurt certain industries in Singapore were raised in Parliament this week, with Member of Parliament Saktiandi Supaat flagging that the…
Read MoreF&N Q1 profit up 18.8% at S$52 million
BEVERAGE maker F&N reported a net profit of S$52 million for the first quarter ended Dec 31, an 18.8 per cent increase from S$43.8 million in the same period a year ago. Revenue went up by 16.3 per cent to S$618 million from S$531.6 million, the company said in a business update on Friday (Feb…
Read MoreL’Oreal sales miss estimates as China demand remains weak
L’OREAL’s fourth-quarter sales fell short of analysts’ estimates after demand in the US failed to make up for a continued downturn in China. Sales overall rose 2.5 per cent on a comparable basis in the period, the cosmetics company said. Analysts had expected a 3.8 per cent gain. Revenue in North America only grew 1.4…
Read MoreCathay Cineplex has paid back S$12 million owed to landlords; remaining S$2.7 million is a quarter of total sum
mm2 Asia says slower-than-expected recovery of the cinema industry hit the cinema chain’s ability to pay its arrears on a timely basis THE S$2.7 million in rental arrears by Cathay Cineplex to the landlords of its two cinemas represents a quarter of the total payment it owed between Apr 1, 2020, and Jan 31, 2025.…
Read MoreUS: Wall St opens higher after big corporate results
Wall Street’s main indexes opened slightly higher on Thursday (Feb 6), as investors evaluated earnings from companies including Honeywell and markets awaited US President Donald Trump’s next move on trade restrictions and other federal policies. The Dow Jones Industrial Average rose 75.9 points, or 0.17 per cent, at the open to 44,949.19. The S&P 500…
Read MoreShein, Temu retailers slapped with 30% levy on US bound goods
Chinese retailers that sell on Shein and PDD Holdings’ Temu platform say they have been asked by logistics agents to start paying an additional 30 per cent levy after President Donald Trump earlier this week hiked tariffs on goods imported to the US from China and Hong Kong. The vendors received notifications about the new…
Read MoreIHH unit may seek higher compensation in lawsuit against Japan’s Daiichi Sankyo over Fortis deal
AN INDIRECT, wholly owned subsidiary of integrated healthcare player IHH Healthcare, Northern TK Venture (NTK), on Thursday (Feb 6) submitted an additional brief to the Tokyo District Court, including a report for the range of compensation NTK is seeking against Japanese pharmaceutical company Daiichi Sankyo. The amount of compensation detailed in the report by NTK’s…
Read MoreDeepSeek fever fuels patriotic bets on China AI stocks
CHINESE investors are rushing into AI-related stocks, betting the artificial intelligence advance of home-grown startup DeepSeek will lead to a boom in the sector and give the initiative to China in an intensifying Sino-US technology war. Feverish buying has pumped up shares of Chinese chipmakers, software designers and data centre operators amid patriotic calls for…
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