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ValueMax H2 profit rises 44.4% to S$27.8 million on higher revenue
VALUEMAX on Tuesday (Feb 20) posted a 44.4 per cent rise in net profit to S$27.8 million for the second half of 2023 ended December, from S$19.2 million in...
Walmart will buy TV maker Vizio for US$2.3 billion
WALMART announced on Tuesday (Feb 20) it will buy smart television maker Vizio for US$2.3 billion in cash, boosting the retail giant’s advertising and media businesses. The US shopping...
Malaysia’s biggest lender Maybank announces new top management line-up
MALAYAN Banking Bhd (Maybank) said on Tuesday (Feb 20) it is making new appointments to its top management, including the appointment of current global banking group CEO Muzaffar Hisham...
Airbus to set up centre for sustainable aviation in Singapore
EUROPEAN aircraft manufacturer Airbus is setting up a centre for research and development related to sustainable aviation, including areas such as sustainable fuel. This is under a memorandum of...
Singapore stocks rise after China cuts mortgage reference rate; STI up 0.6%
THE Straits Times Index (STI) rose 0.6 per cent or 18.15 points to 3,244.06 on Tuesday (Feb 20). Across the broader market, gainers beat losers 281 to 251 after...
Protecting the welfare of the seafarer
THE focus of this week’s column was going to be on seafarer welfare, which was the subject of a conference I attended last week. It still will be, but...
Cryptoverse: Breezy Bitcoin reclaims US$1 trillion crown
THE world’s largest cryptocurrency has leapt 22 per cent this year to US$52,005, pushing it past a market value of US$1 trillion mark for the first time since its...
Record Japan profits show Nikkei is primed for all-time high
JAPANESE companies have logged record quarterly profits in the three months that ended in December, underpinning the Nikkei 225’s advance to near a historic peak. Net income at Topix...
