Leadership
Shopee will need to defend its in-house logistics advantage
SHOPEE’S efforts to grow its in-house logistics arm appear to be bearing fruit, with the e-commerce platform boasting efficiency gains in its delivery and fulfilment in its latest earnings....
China 2024 rare earths quota growth set to slow amid supply glut
RARE earth quotas in China, which the world’s top producer uses to control supply, are set to rise at a much slower rate this year amid a supply glut,...
India’s Tata Steel Q4 profit falls on lower prices, restructuring expenses
INDIA’S Tata Steel reported a fall in fourth-quarter profit on Wednesday (May 29), pressured by lower steel prices and restructuring expenses on some of its loss-making operations.
The country’s second-biggest...
Former recruitment firm director first to be jailed for unauthorised collection of GST
A FORMER recruitment firm director was sentenced to seven weeks’ jail, and ordered to pay S$83,300, for unauthorised collection of Goods and Services Tax (GST).This makes Vijay Kumar Muvva...
Greenback holds firm; euro steadies after German inflation data
THE greenback held firm on Wednesday (May 29), boosted by higher US yields, and gained on the Japanese yen as placid markets encouraged investors to resume carry trades, while...
IHH Healthcare Q1 profit falls 45% to RM768 million; revenue at quarterly high
IHH Healthcare posted a 45 per cent fall in net profit to RM768 million for its first quarter ended Mar 31, from RM1.4 billion in the corresponding period of...
China’s Geely to launch hybrids with more fuel-efficient engines
CHINA’S Geely Holding Group on Wednesday (May 29) said it would launch a series of hybrid models in the first half of next year equipped with its next-generation, more...
PwC to become OpenAI’s largest enterprise customer amid genAI boom
PWC will become the largest customer and first reseller of OpenAI’s enterprise product as part of a new deal, the accounting giant said on Wednesday (May 29), as businesses...
