Posts by Yurie Miyazawa
UOB Kay Hian’s H2 earnings up 9.2%
KEY POINTS H2 FY2024 UOB Kay Hian’s net profit rose 9.2 per cent year on year to S$110.3 million for the second half of financial year 2024 ended December, the securities brokerage announced on Wednesday (Feb 26). Revenue increased 16.3 per cent to S$353.2 million. Commission and trading income improved by 32.6 per cent to…
Read MoreMaybank Q4 profit rises 6.1% to RM2.5 billion
MAYBANK’S net profit for the fourth quarter rose 6.1 per cent to RM2.5 billion (S$764 million), supported by improved regional economic conditions, the bank said on Wednesday (Feb 26). Malaysia’s largest lender also attributed the increase in net profit for the three months ended Dec 31, 2024, to higher income from its wealth management, investment…
Read MoreChina to start bank recapitalisation with at least 400 billion yuan
CHINA plans to start re-capitalising several of its biggest banks in coming months, according to people familiar with the matter, following through on a broad stimulus package unveiled last year to shore up the struggling economy. Authorities are looking to inject at least 400 billion yuan (S$73.7 billion) of fresh capital into the first batch…
Read MoreReturn to Sender: Mail Mistakes and How to Fix Them
Ever sent a letter or package only to have it come back marked “Return to Sender”? It’s frustrating, right? Whether it’s a wrong address, an unclaimed package, or something else entirely, mail returns can be a real headache. But don’t worry, this guide breaks down everything you need to know about why this happens and…
Read MoreHSBC names Asia country, banking heads in CEO’s major revamp
HSBC Holdings gave country heads in some smaller Asian markets additional responsibilities as the lender streamlines and removes management layers. Peter Kim was appointed head of banking on top of his chief executive officer role in Korea, effective Mar 1, while Tim Evans will fill the same double role in Vietnam, according to an internal…
Read MoreCircle says stablecoin issuers should be US registered
JEREMY Allaire, the co-founder of stablecoin issuer Circle Internet Financial, is making the case that the issuers of the US dollar-based cryptocurrencies that underpin much of the trading in digital assets markets should be registered in the United States. Stablecoins have leapt to the forefront of the crypto market’s attention as of late with legislation…
Read MoreKwek Leng Beng moves to sack son and CDL CEO Sherman Kwek; files lawsuit over ‘attempted coup’
A BATTLE for control has emerged within property giant City Developments Limited (CDL) between executive chairman Kwek Leng Beng and his son Sherman Kwek, who is the group chief executive officer. In a statement on Wednesday (Feb 26), the older Kwek said he has filed court papers on Tuesday to deal with the “attempted coup”…
Read MoreBattle erupts between billionaire Kwek Leng Beng and son Sherman Kwek for control of CDL
A tussle between father and son for control of property giant City Developments Limited (CDL) was revealed on Feb 25 with executive chairman Kwek Leng Beng publicly criticising his son Sherman Kwek, who is CDL’s group chief executive. The older Kwek said he has filed court papers on Feb 26 to deal with the “attempted…
Read MoreBP to up oil and gas output, slash clean energy spend in overhaul
BP PLANS to increase production of its more profitable oil and gas business and slash investment in cleaner energy, the British energy giant announced on Wednesday (Feb 26) to the dismay of environmentalists. The major strategy overhaul comes after a difficult trading year for BP, which is under pressure from investors to boost its share…
Read MoreGold recoups from one-week low as tariff uncertainty weighs on risk appetite
GOLD prices climbed on Wednesday (Feb 26), recovering from a one-week low touched in the previous session, as uncertainties stemming from US President Donald Trump’s tariff plans dampened risk appetite and boosted demand for safe-haven bullion. Spot gold was up 0.3 per cent at US$2,925.05 an ounce, as at 0041 GMT. Prices dropped more than…
Read More