Posts by Yurie Miyazawa
First Resources posts 74.9% higher Q1 net profit of US$63.1 million
[SINGAPORE] First Resources’ net profit grew 74.9 per cent to US$63.1 million for the first quarter ended March 2025, from US$36.1 million in the same period a year prior, the company said in a bourse filing on Thursday (May 15). The Indonesian palm oil producer attributed its improved financial performance to higher average selling prices…
Read MoreChina to US ocean cargo bookings surge after tariff pause, Vizion says
Published Thu, May 15, 2025 · 09:02 AM [LOS ANGELES] United States bookings for container transport from China to the US spiked almost 300 per cent in the wake of the United States and China pausing punishing tit-for-tat tariffs, container-tracking software provider Vizion said on Wednesday. The average bookings for the seven days ended Wednesday…
Read MoreStocks to watch: Genting Singapore, ComfortDelGro, Venture, Golden Agri-Resources, SingPost, Centurion, Sasseur Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (May 15). Genting Singapore: The company said its chief executive officer Tan Hee Teck will step down. He will also retire from his position as Resorts World Sentosa chairman and CEO on May 31. Tan was appointed CEO of Genting in…
Read MoreStocks to watch: Genting Singapore, ComfortDelGro, Venture, Golden Agri, SingPost, Centurion, Sasseur Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (May 15). Genting Singapore: The company said its chief executive officer Tan Hee Teck will step down. He will also retire from his position as Resorts World Sentosa chairman and CEO on May 31. Tan was appointed CEO of Genting in…
Read MoreAsia weakness, trade war weigh on Ferragamo revenues, slide continued in April
[MILAN] Sales at Salvatore Ferragamo fell in April, the Italian luxury goods group said on Wednesday (May 14) as it posted a 1 per cent revenues drop for the first quarter hit by weak demand in the Asia-Pacific region. The quarterly change strips out the impact of currency moves. Net sales plunged almost 14 per…
Read MoreDBS, OCBC and UOB should review dividend policies amid the deteriorating business outlook
[SINGAPORE] It probably will not surprise anyone that DBS, OCBC and UOB ended Tuesday (May 13) significantly higher – with gains of 1.19 per cent, 0.74 per cent and 1.55 per cent, respectively – after the US and China agreed over the long weekend to temporarily slash the crippling tariffs they had slapped on each…
Read MoreJapanese carmakers face US$19 billion hit from Trump’s tariffs
[TOKYO] Japan’s biggest carmakers are looking at a hit of more than US$19 billion from US President Donald Trump’s tariffs that have left the global auto industry reeling. The industry’s top brands warned of a weaker financial performance this year, or withheld guidance altogether, as they tallied up the potential cost of Trump’s ever-changing policies…
Read MoreEurope: Shares pull back after rally, earnings disappoint
EUROPEAN shares eased on Wednesday after a four-day rally fuelled by the US-UK and US-China trade deals that relieved some concerns over the global trade war, while downbeat corporate earnings also weighed. The continent-wide Stoxx 600 index closed 0.24 per cent lower at 543.88, its first loss in five sessions. The rise had started on Thursday…
Read MoreDatabricks to buy Neon for US$1 billion to boost AI-agent development
[SAN FRANCISCO] Databricks said on Wednesday (May 14) it would buy database startup Neon in a deal valued at about US$1 billion, aiming to strengthen its analytics platform with technology that can help businesses develop and use artificial intelligence agents more easily. Demand for AI agents, programmes that need little human intervention in executing routine…
Read MoreTencent quarterly revenue up 13% on AI, gaming boost
[BEIJING] Tencent Holdings, China’s biggest technology company by market capitalisation, posted a 13 per cent rise in first-quarter revenue on Wednesday (May 14), boosted by growth in gaming and AI-enhanced advertising. Tencent, also the world’s largest video game company and operator of the WeChat messaging platform, reported revenue of 180 billion yuan (S$32.4 billion) for…
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