Leadership
Great Eastern reports 13% higher Q1 profit of S$345.5 million
[SINGAPORE] Great Eastern on Thursday (May 8) posted a 13 per cent year-on-year increase in profit to S$345.5 million for the first quarter ended March, versus S$306.7 million previously....
Granite Asia’s first private credit fund hits US$250 million at first close
[SINGAPORE] Granite Asia announced that it has secured over US$250 million from anchor investors for its first private credit fund, Libra Hybrid Capital Fund.
In a press release on Thursday...
Cash-strapped Beyond Meat gets US$100 million from diet non-profit
[NEW YORK] Beyond Meat raised US$100 million in debt financing from a plant-based diets advocate, as the company continues to search for funds to shore up its liquidity. The...
DBS Q1 profit falls 2% to S$2.9 billion; pays S$0.75 in dividends
[SINGAPORE] DBS’ net profit for its first quarter fell due to higher tax expenses from the implementation of the 15 per cent global minimum tax, it said on Thursday...
UBS cuts bond, loan sale outlook by US$235 billion on trade tumult
Published Thu, May 8, 2025 · 06:08 AM[NEW YORK] UBS Group lowered its forecast for US corporate debt issuance this year, citing volatility tied to US President Donald Trump’s...
US Fed holds back on rate cut, citing rising risk of higher inflation; economy is solid but faces tariff threat
[WASHINGTON] The Federal Reserve held interest rates steady on Wednesday but said the risks of higher inflation and unemployment had risen, further clouding the economic outlook as the US central...
Low-cost carriers hit hardest by US travel demand slump
[CHICAGO] A slump in travel demand due to President Donald Trump’s trade war has left all US airlines reeling, but the pain is most acute at budget carriers.
Southwest, Frontier...
Amara, Ban Leong pick IFAs for privatisation offers
[SINGAPORE] Hotel group Amara and technology products distributor Ban Leong Technologies on Wednesday (May 7) separately announced that they have appointed independent financial advisers (IFA) as they mull offers...
Alibaba, Xiaohongshu in tie-up as China e-commerce competition intensifies
[SHANGHAI] Chinese e-commerce giant Alibaba is partnering with popular content platform Xiaohongshu to allow users on Xiaohongshu to directly click on product links to shop on Alibaba’s Taobao platform.
The...
New Singapore GasCo entity to centralise gas procurement; ex-Pavilion Energy chief Alan Heng to lead outfit
[SINGAPORE] Singapore has established a new government-owned entity to centralise natural gas procurement, and appointed Alan Heng, who previously led gas trader Pavilion Energy, as its chief executive.The formation...