Leadership
Pan-United H1 net profit up 34% to S$18.6 million
Revenue in H1 has risen 7 per cent to S$384.7 million, 7 per cent higher than the S$360.2 million figure in the year beforePAN-UNITED Corporation posted a net profit...
Merck cuts annual profit forecast
Merck on Tuesday (Jul 30) cut its full-year earnings forecast, mainly due to one-time charges from its acquisition of eye-focused drug developer EyeBio.Merck now expects 2024 earnings of US$7.94...
Maybank appoints Alice Tan as head of group wealth management
She joined the company in 2014, and was among the pioneers of its private wealth-management businessMAYBANK Singapore on Tuesday (Jul 30) said that it appointed Alice Tan as its...
Chinese solar firm forced into bankruptcy as supply glut bites
MORE Chinese solar manufacturers are falling into restructuring or bankruptcy, with a deepening oversupply and fierce price wars causing massive financial losses and threatening many smaller players’ survival.A subsidiary...
Japan corporate cleanup fuels appetite for record debt sales
CORPORATE governance reforms that have underpinned a nearly US$2 trillion rally in Japanese stocks are increasing the draw for investors in credit.Japanese corporate US dollar bonds have been outperforming...
Airbus to restructure Space Systems as consolidation talks continue
AIRBUS is drawing up a turnaround plan for its struggling Space Systems business, industry sources said, without waiting for the outcome of European consolidation talks that include Italy’s Leonardo...
Keppel Reit reports 3.4% lower H1 DPU of S$0.028 amid higher borrowing costs
KEPPEL Reit’s distribution per unit (DPU) fell by 3.4 per cent to S$0.028 for its first half-year ended June, from S$0.029 the year before. Property income was up 8.9...
Instagram to let users create custom chatbots for their profiles
INSTAGRAM parent Meta Platforms will let users create their own artificial intelligence (AI) powered chatbots and add them to their profiles, an effort to court creators and further integrate...
