Technology
Second Chance Properties expects H1 net profit to ‘decrease significantly’
MAINBOARD-LISTED company Second Chance Properties expects net profit for its first half ended Feb 29, 2024 to “decrease significantly” on year. This is compared to net profit of S$9.2...
Easy does it: The Bank of Japan’s experiment
THE Bank of Japan (BOJ) announced a seismic change in direction on Tuesday (Mar 19), hiking interest rates for the first time in 17 years. The move represents an...
Tencent Music beats quarterly revenue estimates
CHINA’S Tencent Music Entertainment Group beat fourth-quarter revenue estimates on Tuesday (Mar 19), driven by growth in paid subscription on its Spotify-like music streaming platform. The audio entertainment platform...
Wall Street bonuses decline slightly amid an influx of bankers
THE average Wall Street bonus dropped slightly last year as banks kept compensation reined in amid an ongoing deal slump and the number of employees working in the securities...
Qantas under pressure from big business to find more clean fuel
QANTAS Airways is hunting for scarce supplies of sustainable aviation fuel to use on key routes to the United States and Europe, partly because so many of the airline’s...
Unilever to spin off ice cream unit, cut 7,500 jobs for cost savings
UNILEVER said on Tuesday (Mar 19) it would spinoff its ice cream unit, home to popular brands such as Magnum and Ben & Jerry’s, into a standalone business and...
South Korea to cut corporate, dividend income tax to boost shareholder returns
SOUTH Korea will provide tax cuts for companies that raise shareholder returns and also cut taxes on dividend income for shareholders in the firms, the finance minister said on...
Singtel to launch cloud computing offering with Nvidia graphics processing units
SINGTEL is launching GPU-as-a-Service (GPUaaS) in Singapore and South-east Asia in the third quarter of 2024. GPUaaS is a cloud-based solution that offers access to graphics processing units (GPUs)...
