Real Estate
UOL posts 374% leap in H2 profit to S$572.7m on gains from Parkroyal Kitchener sale
REAL estate group UOL has announced a 373.9 per cent leap in net profit to S$572.7 million for its fiscal second half ended Dec 31, 2023, on a S$442.3...
Li Auto jumps 25% as earnings withstand China EV price war
LI AUTO shares soared in Hong Kong after upbeat earnings showed the electric-vehicle maker is showing promise in China’s hyper-competitive market. The stock rose 25 per cent on Tuesday...
Alibaba’s South Asian e-commerce giant Daraz announces layoffs in memo
ALIBABA-owned e-commerce platform Daraz Group has announced layoffs across the group to “adopt a more streamlined and agile structure”, acting chief executive officer James Dong said on Tuesday (Feb...
Malaysian ringgit undervalued, central bank says
MALAYSIA’S central bank on Tuesday (Feb 27) said the ringgit currency, which briefly hit a 26-year-low last week, is undervalued and should be trading higher on account of the...
Malaysia ringgit undervalued, should be trading higher, says central bank governor
MALAYSIA’S central bank on Tuesday (Feb 27) said that the ringgit, which briefly hit a 26-year-low last week, is undervalued and should be trading higher on account of the...
StanChart suspends new investments from clients via China’s outbound channel
STANDARD Chartered has suspended new investments by its clients in China into offshore products via a quota-based channel, the bank said, amid a surge in demand for overseas investments...
China Everbright’s profit for FY2023 rise 17% to HK$1.2 billion
CHINA Everbright Water’s net profit for the full year ended Dec 31, 2023, was up 17 per cent to HK$1.2 billion (S$206.2 million), as compared to HK$1 billion in...
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...
