Leadership
ESR buys remaining 12.3% stake in Logos Property Group
REAL estate investment manager ESR Group will acquire the remaining 12.3 per cent stake in Logos Property Group, which will become an indirect wholly owned subsidiary when the transaction...
TSMC set to join global tech rout after typhoon trading break
A SELL-OFF in Taiwan Semiconductor Manufacturing Company (TSMC) shares looks almost inevitable when trading resumes after a two-day typhoon break, during which global investors dramatically soured on the promises...
First Reit posts 3.2% lower H1 DPU at S$0.012
The manager attributes the drop in the distributable amount to the depreciation of the yen and rupiah against the Singapore dollarFIRST Real Estate Investment Trust (First Reit) on Friday...
CapitaLand Ascott Trust H1 DPS falls 8% to S$0.0255; CEO says top up to distribution is ‘an option’
The managers attribute the decline mainly to the depreciation of foreign currencies against the Singapore dollarCAPITALAND Ascott Trust (Clas) posted an 8 per cent drop in distribution per stapled...
Shipping giant CMA CGM reports solid volumes, sees rates peaking
CMA CGM, the world’s third-largest container carrier, reported a second-quarter jump in cargo volumes and signalled freight rates have probably peaked for now despite bottlenecks at Mediterranean ports.The French...
GM’s cruise targets resumption of driverless rides this year
CRUISE, the self-driving vehicle unit majority owned by General Motors (GM), is targeting a return to running fully autonomous rides later this year and possibly charging fares by early...
Hermes sales jump as Birkin bag maker outperforms peers
HERMES sales jumped in the second quarter as the Birkin bag maker weathered the luxury demand slowdown better than peers, thanks to its reliance on the wealthiest clients.Revenue at...
First Sponsor’s H1 net profit climbs 12.4% to S$11.9 million
FIRST Sponsor Group on Thursday evening (Jul 25) reported a net profit of S$11.9 million for the half year ended Jun 30, up 12.4 per cent from S$10.6 million...
