Leadership
Philippine central bank sees room for one more rate cut this year
THE Philippine central bank sees room for one more interest rate cut this year, its governor said on Friday (Aug 16).“We will always be assessing the situation, but given...
SingPost records 105.2% higher Q1 operating profit of S$24.4 million
SINGAPORE Post (SingPost) on Friday (Aug 16) announced first-quarter operating profit of S$24.4 million, up 105.2 per cent from S$11.9 million in the corresponding period the previous year.Revenue rose...
Qualcomm extends sponsorship of Manchester United until 2029
QUALCOMM, the biggest maker of chips that run mobile phones, extended a new sponsorship deal with Manchester United Football Club until 2029, saying the tie-up is already boosting its...
US: Stocks rally as recession fears recede
WALL Street logged a strong showing on Thursday (Aug 15) with all three major indices rallying on the back of encouraging consumer data that soothed earlier fears of a...
Cordlife reverses into red with S$12.4 million H1 loss, loses accreditation with blood banking body
EMBATTLED cord-blood bank Cordlife Group on Thursday (Aug 15) posted a net loss of S$12.4 million for the six months ended Jun 30, compared to a net profit of...
Jack Ma-backed Ant sees profit slide 10% after shakeup
Ant Group’s profit dropped 10 per cent in the March quarter, following a structural shakeup and ramped up efforts to grow overseas. The Hangzhou-based fintech company contributed 3.9 billion...
Positive economic figures from China, Japan lift regional markets; STI up 0.9%
SINGAPORE shares rose on Thursday (Aug 15) amid strong retail sales and gross domestic product data from China and Japan, respectively. The benchmark Straits Times Index (STI) rose 0.9...
Global rush for Thai debt may cool on BOT policy, political risk
Foreign investors may start shying away from Thailand’s sovereign bonds as the prospect of a tighter monetary policy compared with peers and rising political risk in the country reduces...
