Posts by Yurie Miyazawa
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 boost its business. Bangkok Dusit Medical Services (BDMS) plans to add around 800 new beds at its hospitals to raise the total to 9,600 by the…
Read MoreGold gains on Trump tariff worries; US inflation data in focus
GOLD prices edged higher on Thursday (Feb 27) as concerns persisted over US President Donald Trump’s tariff plans, while investors awaited a key inflation report to assess the Federal Reserve’s policy path. Spot gold was up 0.1 per cent at US$2,918.22 an ounce, as at 0018 GMT. US gold futures rose 0.1 per cent to…
Read MoreAcrophyte Hospitality Trust’s H2 DPS falls 46.7% to US$0.01026
Revenue for the period declines 5.2% year on year to US$84.9 million from US$89.5 million previously ACROPHYTE Hospitality Trust’s distribution per stapled security (DPS) for the half year ended December 2024 was down 46.7 per cent at US$0.01026, from US$0.01929 in H2 FY2023. The distribution will be paid out on Mar 28, after the record…
Read MoreBitcoin ETFs are hit by a record US$1 billion outflow in one day
INVESTORS yanked more than US$1 billion from spot Bitcoin exchange-traded funds (ETFs) on Tuesday (Feb 25), marking the biggest one-day outflow since the cohort’s debut last January. Fidelity Wise Origin Bitcoin Fund (ticker FBTC) posted the steepest outflows among these funds, followed by the iShares Bitcoin Trust ETF (IBIT), according to data compiled by Bloomberg.…
Read MoreSembcorp H2 profit rises 14% to S$471 million; shuffles business leadership
SEMBCORP Industries on Thursday (Feb 27) reported a 14 per cent rise in total net profit to S$471 million for the second half ended Dec 31, 2024, from S$412 million in the year-ago period. This accounts for exceptional items including disposal of assets and a gain on a “bargain purchase” on an acquisition in India,…
Read MoreGolden Agri’s H2 profit soars 1,617.1% to US$262.1 million
PALM oil producer Golden Agri-Resources posted net profit of US$262.1 million for its second half ended Dec 31, up 1,617.1 per cent from US$15.3 million in H2 FY2023 as crude palm oil prices and sales volumes were higher for the full year. This marked a recovery from last year, where net profit plunged 96.1 per…
Read MoreeBay forecasts quarterly revenue below expectations on weak demand
E-COMMERCE firm eBay forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling weak demand for products such as collector’s items and refurbished goods, sending its shares down 7 per cent in extended trading. High interest rates and persistent inflation have hampered US consumer spending for two years, leading to sluggish demand for non-essential items…
Read MoreBeyond Meat sees weak annual revenue, posts wider-than-expected quarterly loss
BEYOND Meat forecast annual revenue below estimates on Wednesday, as the faux meat products maker faces persistent demand weakness amid sticky inflation. Beyond Meat has been losing steam it garnered a couple of years ago as consumers began shifting to fresh and lower-priced animal meat alternatives over its processed vegan meat. Its total volume of…
Read MoreIreit Global’s H2 DPU stays at 0.94 euro cent
IREIT Global posted a distribution per unit (DPU) of 0.94 euro cent for the second half of financial year 2024 ended December, unchanged from the year-ago period. The DPU will be paid out on Mar 27, announced Ireit Global Group, the Europe-focused real estate investment trust’s (Reit) manager, on Wednesday (Feb 26). Income to be…
Read MoreHong Kong to launch scheme to facilitate tech listing applications
HONG Kong will launch a scheme to facilitate listings of tech companies on the stock exchange, the latest move to boost the appeal of the fundraising hub amid growing appetite among Chinese companies to raise funds offshore. Hong Kong Stock Exchange (HKEX) will establish a dedicated “technology enterprises channel”, Hong Kong’s Financial Secretary Paul Chan…
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