Leadership
Yeo Hiap Seng H2 profit jumps 183% to S$3.4 million on cost optimisation
FOOD and beverage player Yeo Hiap Seng on Thursday (Feb 29) posted a 183 per cent rise in its net profit for the second half of 2023 to S$3.4...
Puma launches 100 million euro share buyback programme
GERMAN sports apparel company Puma plans to return up to 50 per cent of its net income to shareholders, it said on Thursday (Feb 29). The company will now...
Singapore shares edge higher on Thursday amid cautious trader sentiment; STI up 0.1%
LOCAL shares advanced on Thursday (Feb 29), marking the first time the market booked a gain this week. The rise was, however, a muted one amid the global cautious...
Shiseido offers early retirement for 1,500 staff amid cost cuts
SHISEIDO is offering early retirement for around 1,500 positions in Japan as the skincare firm seeks to boost growth and profitability. The plan will be offered to employees who...
Foreigners sold Japanese stocks last week as Nikkei hit a record
FOREIGN investors took profit from Japanese stocks last week as the Nikkei 225 Stock Average hit an all-time high, turning net sellers for the first time since December. Overseas...
Australian shares end at record high on retail sales boost; US inflation data
AUSTRALIAN shares closed at a record high on Thursday (Feb 29) as a rebound in local retail sales boosted sentiment, with investor focus now shifting to the US inflation...
China Aviation Oil H2 profit up 182% to US$39.1 million amid air travel recovery
For the full year, net profit was up 75.5 per cent to US$58.9 million from US$33.5 million in FY2022. Revenue for the year, however, dropped 12.4 per cent to...
Malaysia expects ringgit to rise this year, rules out currency peg
MALAYSIA’S finance ministry on Thursday dismissed adjusting monetary policy or pegging the ringgit to support the weakened currency, saying it expects the ringgit‘s value to appreciate this year. The ringgit has fallen about 3.7...
