Posts by Yurie Miyazawa
Stamford Tyres H1 profit tumbles 75.1% to S$401,000 on increased expenses
Revenue falls 1.2% to S$94.5 million but other expenses shoot up 80.3% to S$2.9 million TYRE and wheel distributor Stamford Tyres reported a 75.1 per cent decrease in net profit for the half-year ended Oct 31 to S$401,000 from S$1.6 million in the previous corresponding period. This was attributed to a decrease in revenue and…
Read MoreSchroders seeks buyers for Indonesia unit with US$4 billion in assets: sources
SCHRODERS is looking to sell its Indonesian business, according to two sources with knowledge of the matter, as the UK-headquartered global asset manager weighs exiting some sub-scale markets under its new chief executive. The plan is fuelled by Schroders’ CEO Richard Oldfield, who took charge last month, looking to trim underperforming units, said one of…
Read MoreLottery Winnings: Lump Sum vs Annuity
Winning the lottery is a dream come true for many, but deciding how to receive those winnings can be a real head-scratcher. You’ve got two main options: take a lump sum or go with an annuity. Each has its perks and drawbacks, and the right choice really depends on your personal financial goals and situation.…
Read MoreVibrant Group reverses into black with S$3.3 million H1 profit
The logistics company booked a loss of S$3.2 million in the previous corresponding period LOGISTICS company Vibrant Group has posted a net profit of S$3.3 million for the half-year ended Oct 31, reversing a loss of S$3.2 million in the year-ago period. The company on Friday (Dec 13) attributed its performance to improved revenue from…
Read MoreUOB names its corporate banking head Leong Yung Chee as new group CFO
UOB has appointed Leong Yung Chee, its current head of group corporate banking, as its next group chief financial officer (CFO), the bank said on Friday (Dec 13). On Apr 22, 2025, he takes over from current CFO Lee Wai Fai, who is retiring from his CFO role after 20 years. Leong will work with…
Read MoreiFast launches dedicated China desk to tap Chinese investor needs
New desk under its wealth advisory arm will also help non-Chinese institutions and customers to invest into China WEALTH management platform iFast has launched a dedicated China desk to cater to the needs of Chinese investors for offshore wealth allocation both within and outside China. The new desk, under iFast’s wealth advisory arm iFast Global…
Read MoreGlobal M&A deal value set to hit ‘middling’ US$3.5 trillion by end 2024: Bain
THE global mergers and acquisitions (M&A) market is set to end the year with a “middling” overall deal value of US$3.5 trillion, indicated projections by Bain & Company. This figure is consistent with levels in the mid-2010s and is 15 per cent higher than last year, the management consultancy firm said in a report released…
Read More5 Asian business titans who died in 2024, and their giant legacies
AS 2024 draws to a close, we take a look at the lives of prominent businessmen who died this year, and their legacies which left a big impact on the business world. Here are five of them. 1. Wee Cho Yaw (Jan 10, 1929 – Feb 3, 2024) Wee was a Singaporean banker, businessman and…
Read MoreSingapore shares fall at Friday’s open; STI down 0.2%
SINGAPORE stocks slipped into negative territory on Friday (Dec 13) morning, after China deepens its stimulus drive in a bid to brace for trade tensions with the US. As at 9.01 am, the Straits Times Index (STI) fell 5.72 points or 0.2 per cent to 3,803.55. Across the broader market, losers outnumbered gainers 40 to…
Read MoreStocks to watch: Keppel DC Reit, Singapore Institute of Advanced Medicine
THE following companies saw new developments that may affect trading of their securities on Friday (Dec 13): Keppel DC Real Estate Investment Trust (Reit): Its manager announced on Thursday that the Reit’s non-renounceable preferential offering was about 159.9 per cent subscribed. It received excess applications of 79.4 per cent, or for an extra 117.8 million units.…
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