Technology
UOB CEO ‘cautiously optimistic’ on 2024; Q1 profit down 1.6% to S$1.49 billion
UOB chief executive Wee Ee Cheong is “cautiously optimistic” on the bank’s outlook for 2024 given the growth potential in South-east Asia, even as higher-for-longer interest rates and a...
Tycoon Richard Li said to near fibre sale to China Merchants
PCCW, the telecommunications group controlled by Hong Kong tycoon Richard Li, is in advanced talks to sell a significant minority stake in its fibre business to China Merchants Group,...
Electronic Arts forecasts annual bookings below estimates as gamers cut spending
VIDEO game publisher Electronic Arts (EA) forecast full-year bookings below Wall Street estimates on Tuesday (May 7) amid a broader spending slowdown in the gaming industry due to an...
SGX securities turnover jumps 37% in April; derivatives activity continues to gain ground
TOTAL securities market turnover value on the Singapore Exchange (SGX) climbed 37 per cent year on year to S$25.5 billion in April, the highest since March 2023.
The jump in...
Olam tops Louis Dreyfus’ offer for Australia’s Namoi Cotton as takeover battle heats up
ONE day after Dutch global commodity merchant Louis Dreyfus Company raised its takeover offer to A$0.67 per share for Namoi Cotton, Olam Agri has topped the bid by raising...
Daiwa House Logistics Trust posts 0.6% higher Q1 distributable income
Daiwa House Logistics Trust’s (DHLT) distributable income for the first quarter ended March was up 0.6 per cent on the year to S$9.2 million, from S$9.1 million. This was...
Manulife US Reit’s portfolio occupancy falls to 78.7% in Q1
MANULIFE US Real Estate Investment Trust (MUST) posted a portfolio occupancy of 78.7 per cent for the first quarter ended March, down from 84.4 per cent as at end-2023.On...
Lyft beats on bookings, adds new riders
LYFT reported first-quarter results and financial guidance that beat investors’ expectations, a sign of the company’s ability to retain and attract new riders in the US and Canada.Gross bookings...
