Real Estate
Carlyle delays Asia buyout fund close as Japan pool saps demand
CARLYLE Group has delayed closing its new pan-Asian buyout fund as demand for a Japan-focused vehicle has syphoned off investor interest, according to sources familiar with the matter.The Washington-based...
PropNex H1 profit falls 13.8% to S$19 million
REAL estate agency PropNex’s net profit for the first half of the fiscal year fell 13.8 per cent to S$19 million from S$22.1 million the year before. Its earnings...
Sun Life beats profit estimates on strong growth in Canada, Asia
SUN Life Financial, Canada’s second-largest life insurer, on Monday (Aug 12) beat analysts’ estimates for quarterly profit boosted by strong sales at home and in Asia, a key growth...
US SEC sues over alleged US$650 million global crypto fraud
THE US Securities and Exchange Commission (SEC) on Monday (Aug 12) sued the cryptocurrency company NovaTech and its married co-founders, saying they fraudulently raised over US$650 million from more...
OUE sinks into the red with S$96.1 million H1 loss
OUE has sunk into the red with a net loss of S$96.1 million for its first half ended Jun 30, compared with a net profit of S$40.2 million in...
Opec cuts 2024 oil demand growth forecast, citing China
OPEC on Monday (Aug 12) cut its forecast for global oil demand growth in 2024, citing weaker than expected data for the first half of the year and softer...
UMS Q2 profit falls 20% to S$9.3 million on softer sales
UMS Holdings posted a 20 per cent drop in net profit to S$9.3 million for its second quarter ended Jun 30, 2024, from S$11.6 million in the previous corresponding...
Sembcorp suspends operations in Myanmar power plant on escalating civil unrest
Security measures are in place to safeguard the plant, and its insurance coverage is in forceSEMBCORP Industries said it has temporarily suspended operations in one of its power plants...
