Culture
BRC Asia H2 profit rises 11% to S$55 million on sale of associate
STEEL solutions provider BRC Asia posted an 11 per cent rise in net profit to S$55 million for its second half ended Sep 30, 2024, from S$49.5 million in...
China’s Trustar raises US$1 billion for vehicle that holds McDonald’s China stake: sources
TRUSTAR Capital has raised US$1 billion for a continuation fund that will hold the Chinese private equity firm’s controlling stake in McDonald Corp’s operations in mainland China and Hong...
Lum Chang proposes listing interior fit-out business on Singapore Catalist
CONSTRUCTION company Lum Chang is mulling over plans to spin off its interior fit-out business in a listing on the Singapore Exchange’s Catalist board.Lum Chang Interior (LCI) is a...
TSH Resources Q3 profit rises 12% to RM33.1 million
PLANTATION company TSH Resources reported on Thursday (Nov 21) a 12 per cent increase in net profit for the third quarter, despite a rise in crude oil prices. Net...
Nissan says about 1,000 US staff accept early retirement
ABOUT 6 per cent of Nissan Motor staff in the US have accepted early retirement packages, a company spokesperson said on Thursday (Nov 21), as part of the struggling...
China’s Baidu posts 3% fall in third-quarter revenue, beats market estimates
BAIDU reported a 3 per cent fall in third-quarter revenue on Thursday (Nov 21), beating market estimates, as China’s biggest Internet search provider grappled with weak spending on its...
US prosecutors demand Google divest Chrome to end search monopoly
US PROSECUTORS on Wednesday (Nov 20) argued to a judge that Google must sell its Chrome browser, share data, and search results with rivals, and take a range of...
CLI to invest up to A$1 billion to grow funds under management in Australia
CAPITALAND Investment (CLI) will commit up to A$1 billion (S$878 million) to grow its funds under management (FUM) in Australia, said the group on Thursday (Nov 21). Currently, it...
Latest Singapore six-month T-bill cut-off yield edges up to 3.08%
THE cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) rose slightly to 3.08 per cent, from 3.04 per cent in the previous six-month auction that closed on Nov...
Sinochem may keep bankrupt refineries as auctions draw scant interest: sources
SINOCHEM Group may keep three bankrupt oil refineries located in eastern China after auctions to sell them drew little interest from other companies, sources familiar with the matter said.The...
