Leadership
Far East Orchard H1 profit more than doubles to S$18.2 million on student housing segment growth
FAR East Orchard’s net profit more than doubled to S$18.2 million for the first half of 2024, from S$8.2 million in the year-ago period. The group’s purpose-built student housing accommodation...
Mars to buy Pringles maker Kellanova for US$36 billion in 2024’s biggest deal
FAMILY-OWNED candy giant Mars is buying Cheez-It maker Kellanova in a nearly US$36 billion deal, bringing together brands from M&M’s and Snickers to Pringles and Pop-Tarts in the year’s...
Global banks’ tech revival sparks hope for US$254 billion Indian IT sector
GLOBAL banks have started reviving the technology projects they put on ice in 2023, raising hopes for the US$254 billion Indian IT sector that makes about a third of...
Brokers’ take: KGI initiates United Hampshire US Reit at ‘outperform’, US$0.60 target
KGI Securities has started coverage on United Hampshire US Real Estate Investment Trust (United Hampshire US Reit) with an “outperform” rating ahead of an anticipated 25 basis point US...
Philippine business buoys Jollibee profit as China pain persists
JOLLIBEE Foods’s Philippine businesses boosted the fast-food chain’s second-quarter profit, even as it struggled with its operation in China.Net income of the Philippines’ biggest restaurant operator jumped 31 per...
Gold prices steady as US inflation data takes centre stage
GOLD held steady on Wednesday (Aug 14) as soft US producer prices reinforced hopes of an imminent interest rate cut, while trader focus shifted to US inflation print due...
Keppel’s unit enters JV to manage cooling sector in Thailand
This includes the design, installation, operation, and maintenance of the systems within the countryKEPPEL Infrastructure Holdings, through its unit Keppel EaaS in Thailand (KET), has entered into a joint venture...
Singapore shares rise at Wednesday’s open; STI up 0.7%
SINGAPORE shares opened higher on Wednesday (Aug 14), after US and Europe indices rallied overnight.The Straits Times Index (STI) rose 0.7 per cent or 21.58 points to 3,280.15 as...
