Real Estate
US Reit unitholders urged to submit tax forms on time to help trusts preserve cash
UNITHOLDERS of real estate investment trusts (Reits) whose primary investment is US assets should submit the US withholding tax documents promptly to protect their interests. If a unitholder fails...
Malaysia companies brace for costly fallout as ringgit hits 26-year low
MALAYSIAN businesses are paying a high price for their country’s weak currency that is making importing material and servicing foreign debt more costly. With the ringgit hitting a 26-year...
PepsiCo, IBM sell bonds through Singapore to reap tax benefit
A POTENTIAL tax benefit is spurring United States companies including PepsiCo and International Business Machines (IBM) to sell bonds through their Singapore subsidiaries, fuelling a record surge of sales...
Gold prices steady as US inflation data looms
GOLD prices were steady on Tuesday (Feb 27), as investors awaited a key United States inflation reading due later this week that could provide more information on how soon...
Stocks to watch: Haw Par, Ho Bee Land, Bumitama Agri, Straits Trading, Gallant Venture
THE following companies saw new developments that may affect trading of their securities on Tuesday (Feb 27): Haw Par: The mainboard-listed group’s net profit rose 58.1 per cent for...
Straits Trading’s H2 net loss narrows to S$43.5 million
For FY2023, Straits Trading registered a net loss of S$28.6 million as opposed to a S$551.3 million profit in the prior year, with a LPS of S$0.064 compared to...
Expedia to eliminate 1,500 jobs as travel growth moderates
EXPEDIA Group is eliminating about 9 per cent of its workforce after announcing a leadership transition earlier this month while the online travel company attempts to revive growth and...
BYD pitches floating luxury SUV to win over European buyers
BYD is underscoring its European ambitions at the Geneva car show this week by showing off models including a 1,200-horsepower luxury sport utility vehicle (SUV) that can float on...
