Leadership
SIA posts 0.3% rise in H2 net profit as competition from other airlines intensifies
SINGAPORE Airlines (SIA) : C6L 0% on Wednesday (May 15) posted a 0.3 per cent increase in net profit to S$1.2 billion for the half year ended Mar 31,...
New Thai Finance Minister to meet central bank chief on Thursday
Thailand’s new Finance Minister plans to meet the central bank governor on Thursday (May 16), having taken a conciliatory tone in a long-running public disagreement between the government and...
Japan’s Mizuho posts big jump in Q4 profit, forecasts growth ahead
Mizuho Financial Group reported a big jump in fourth-quarter profit on Wednesday (May 15) that beat expectations, helped by its overseas business and demand for loans at home, and...
Burberry’s profit slumps 34% as luxury demand slows
Britain’s Burberry reported a 34 per cent drop in annual operating profit on Wednesday (May 15) after it faced the challenge of repositioning its brand to take it more...
Top shipbuilder expands Asia business with Philippines deal
SOUTH Korea’s HD Hyundai Heavy Industries will set up operations in a former US naval base in the Philippines, an investment that may usher in the return of shipbuilding...
Xiaomi becomes 8th largest EV upstart in China after successful SU7 launch
CHINESE smartphone maker Xiaomi has become the country’s eighth-largest electric vehicle (EV) upstart after selling more than 7,000 units of its first model, the SU7 sedan, in April, according...
China’s central bank leaves key policy rate unchanged
CHINA’S central bank extended a key policy loan at the same borrowing cost, signalling an intention to aid a nascent economic recovery without adding pressure on the yuan.The People’s...
Seatrium, CDL, Jardine C&C mauled after being booted out of MSCI Singapore index
MARKET watchers were divided after the MSCI Equity Indexes’ May 2024 quarterly review on Wednesday (May 15) saw the removal of five heavyweight counters from the MSCI Singapore Index....
