Posts by Yurie Miyazawa
BYD launches new hybrid vehicle tech with lower fuel consumption
China’s BYD on Tuesday (May 28) launched its latest generation of a plug-in hybrid technology that achieves a record low fuel consumption of 2.9 litres per 100 km on depleted batteries. BYD chairman Wang Chuanfu unveiled the technology while speaking at an event in Xian, the capital of Shaanxi province, the site of the company’s…
Read MoreOssia International net profit for H2 down 30% at S$4.7 million
OSSIA International posted a 30 per cent drop in net profit to S$4.7 million for its second half ended Mar 31, from S$6.7 million in the previous corresponding period, it said in a bourse filing on Tuesday (May 28). Earnings per share stood at 2.61 Singapore cents for the half-year period, down from 3.99 cents…
Read MoreIndia’s Reliance to buy Russian oil in roubles: sources
INDIA’S Reliance Industries, operator of the world’s biggest refining complex, has signed a one-year deal with Russia’s Rosneft to buy at least three million barrels of oil a month in roubles, four sources aware of the matter told Reuters. The shift to rouble payments follows Russian President Vladimir Putin’s push for Moscow and its trading…
Read MoreCortina H2 net profit falls 22% to S$30.2 million on higher rental, renovation expenses
LUXURY watch retailer Cortina : C41 0%posted a 22 per cent fall in net profit to S$30.2 million for its second half ended Mar 31, 2024, from S$38.6 million in the previous corresponding period. The group said in a regulatory filing on Tuesday (May 28) evening that the lower profit was due to unfavourable exchange…
Read MoreWall Street returns to T+1 stock trading after a century
THE US stock market is finally as fast as it was about a hundred years ago. That was the last time share trades in New York settled in a single day, as they will from Tuesday (May 28) under new Securities and Exchange Commission rules. The change, halving the time it takes to complete every…
Read MoreMapletree Investments in the red with S$577.2 million full-year loss on valuation decline
MAPLETREE Investments posted a net loss of S$577.2 million for the financial year ended Mar 31 amid industry headwinds, compared with a S$1.2 billion net profit last year. This comes as a high-interest environment led to expansion in real estate capitalisation rates in most markets, which in turn resulted in revaluation losses for the year, said the…
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