Times
South-east Asia insurtech deals jump over 4 times to US$2.35 billion in 2023 despite fewer transactions: EY
DEALS in the insurance and technology (insurtech) sector in South-east Asia recorded a total value of US$2.35 billion in 2023, up from US$538 million in 2022, indicated a report...
Who is Heman Bekele? US Teen Named Time’s Kid of the Year 2024 for Creating Soap to Help Treat Skin Cancer
A Virginia teenager, Heman Bekele, has been named the 2024 Kid of the Year by Time magazine for his invention—a soap that could transform the way skin cancer is...
Woman Stabbed More than30 Times, Boyfriend Found Dead in Suspected Murder-Suicide
A horrifying scene unfolded in Staten Island this week, as police discovered a woman fatally stabbed and her boyfriend dead in what authorities are investigating as a potential murder-suicide.Priscilla...
Sri Trang Gloves Q2 profit surges more than 20 times to 378.4 million baht
GLOVE manufacturer Sri Trang Gloves (Thailand) reported earnings of 378.4 million baht (S$14.2 million) for the three months ended Jun 30, a jump of more than 20 times from...
New York Times beats estimates, adds 300,000 digital subscribers
NEW York Times reported second-quarter earnings that beat analysts’ expectations, as the company continues to grow its subscriber count.
The newspaper publisher reported earnings of 45 cents a share on...
Nasdaq expected to see turbulent times
THE US market’s main indexes marked stellar performance in the first half of 2024, with the Nasdaq Composite climbing 18.1 per cent, the S&P 500 index rising 14.5 per...
MAS proposes simplified leverage requirements for S-Reits, imposes minimum ICR threshold of 1.5 times
THE Monetary Authority of Singapore (MAS) on Wednesday (Jul 24) published a consultation paper proposing to simplify leverage requirements for all real estate investment trusts (Reits). Under the set...
The Business Times launches ‘paid press release’ service
THE Business Times (BT) has launched a new service that allows businesses to publish their press releases on the BT website for a fee.Currently priced at S$1,000 per press...
Singapore’s banking trio swells to 45% of Straits Times Index after recent run-up
This comes after the share prices of DBS and OCBC hit new highs, with DBS comprising about a fifth of the benchmark index’s market capAFTER a strong performance this...
Corporate lenders are locking down protection against tough times from high rates
LENDERS to risky, debt-laden companies are increasingly demanding protection from financing manoeuvres used to undercut creditors when times get tough.A recent crop of leveraged loans demonstrates investors’ heightened concern...