Business
Coca-Cola results beat estimates on price hikes, demand surge
Coca-Cola on Tuesday (Apr 29) reported better-than-expected revenue and profit for the first quarter, as the beverage giant benefits from…
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Business
Business
Starhill Global Reit Q3 NPI inches up 0.5% to S$37.9 million
THE manager of Starhill Global real estate investment trust (Reit) posted a net property income (NPI) of S$37.9 million for Q3 FY2025…
Business
Thrive Capital Creating Vehicle for Serial M&A
Thrive Capital has bet big on artificial intelligence, including emerging giants of the field like OpenAI and Databricks. Now the venture…
Business
Hong Leong Finance sees over 300% growth in EV loans
Hong Leong Finance (HLF) announced that it has seen a more than 300 per cent increase in electric vehicle (EV) loans, from S$73 million in…
Business
Sheng Siong Q1 net profit up 6.1% to S$38.5 million on stronger sales
Supermarket operator Sheng Siong recorded a 6.1 per cent increase in net profit to S$38.5 million for the first quarter ended Mar 31, from…
Business
Business Owner Salary: How Much is Too Much?
As a business owner, figuring out how much to pay yourself can be one of the trickiest decisions you face. It’s a balancing act between…
Business
UPS profit beats estimates, to cut 20,000 jobs on economic worries
The parcel giant is not providing any updates to its full-year outlook due to the economic uncertainty United Parcel Service reported a…
Business
Spain and Portugal power cut: experts rule out cyber-attack
Experts investigating the largest power cut in recent European history, which plunged cities in Spain and Portugal into darkness on Monday…
Business
First Reit Q1 DPU dips 3.3% to S$0.0058 amid forex headwinds
First Real Estate Investment Trust’s (First Reit) distribution per unit (DPU) fell 3.3 per cent to S$0.0058 for the first quarter ended…
Business
China’s Big Five banks post slimmer margins as economic challenges persist
[SHANGHAI/HONGKONG] China’s Big Five lenders on Tuesday (Apr 29) reported narrower margins on their first-quarter earnings and some a drop…
Business
Wilmar reports higher earnings for Q1 2025 on better performance from business segments and associates
[Singapore] Wilmar reported a 13.5 per cent increase in earnings for Q1 2025 to US$343.9 million from US$302.9 million in Q1 2024 in a…
Business
Wilmar reports higher earnings for Q1 2025 on better performance from business segments, associates
[Singapore] Wilmar reported a 13.5 per cent increase in earnings for Q1 2025 to US$343.9 million from US$302.9 million in Q1 2024 in a…
Business
Singapore stocks end lower; STI down 0.2%
Stocks on the local bourse closed slightly lower on Tuesday (Apr 29) after US President Donald Trump’s administration said it will move to…
Business
Will ComfortDelGro win the point-to-point 2.0 race against Grab?
Grab’s entry into Singapore’s taxi market is likely to give the leading incumbent ComfortDelGro a run for its money. Studies have shown…
Business
Trade war may lower growth and inflation in eurozone, ECB’s Cipollone says
A GLOBAL trade war could lower both economic growth and inflation in the eurozone, and it could have an “unambiguously recessionary…
Business
Secret Deals, Foreign Investments, Presidential Policy Changes: The Rise of Trump’s Crypto Firm
The pitch from “ZMoney” arrived on the encrypted messaging app Signal just days before Donald J. Trump’s presidential inauguration.…
Business
Temasek’s Gabriel Lim to lead Seviora Holdings as CEO
Temasek Holdings’ head of corporate strategy Gabriel Lim will exit his post to lead the Temasek-owned asset management group Seviora…
Business
IHH Healthcare signs S$300 million sustainability-linked loan with UOB
Integrated healthcare operator IHH Healthcare has signed its first S$300 million sustainability-linked loan with UOB, strengthening its…
Business
Norway wealth fund CEO sees potential in real estate, renewable assets
Real estate and renewable assets are becoming more attractive in the face of stock market volatility, according to the head of Norway’s…
Business
Google parent Alphabet kicks off sale of debut euro bonds
Google parent Alphabet is looking to raise at least 2.5 billion euros (S$3.72 billion) from a debut euro bond sale on Tuesday (Apr 29),…
Business
CGSI upgrades OUE Reit to ‘add’ on improved outlook
CGS International (CGSI) has upgraded its recommendation for OUE Reit to “add” from “hold”, and raised its price target marginally to…
Business
Porsche's Q1 profit margin plunges on China weakness, US tariffs
Luxury sports carmaker Porsche on Tuesday (Apr 29) said its operating margin fell to 8.6 per cent in the first quarter, below analyst…
Business
Lufthansa confirms 2025 outlook, braces for possible trade fallout
German airline Lufthansa on Tuesday (Apr 29) confirmed its operating result forecast for 2025, offering what analysts deemed a more…
Business
Carlsberg maintains full-year outlook, warns of volatile consumer sentiment
Carlsberg expects between 1% and 5% growth in organic operating profit for the current year [COPENHAGEN/LONDON] Danish brewer Carlsberg on…