Business
Nanofilm takes out 50 million yuan loan to fund Chinese subsidiary
Nanofilm Vacuum Coating (Shanghai), a wholly owned subsidiary of mainboard-listed Nanofilm Technologies, has obtained a 50 million yuan…
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Business
Chocolate Finance takes a S$500 million hit in ‘bank run’; looking to return to business as usual
CEO sees the orderly manner in which platform handled the deluge of withdrawals as a success Around S$500 million in net withdrawals were…
Business
Chocolate Finance takes a S$500 million hit in ‘bank run’; looking to return to business as usual
CEO sees the orderly manner in which platform handled the deluge of withdrawals as a success Around S$500 million in net withdrawals were…
Business
Chocolate Finance takes S$500 million hit from 2 weeks’ run of redemptions; looking to return to business as usual
CEO sees the orderly manner in which platform handled the deluge of withdrawals as a success Around S$500 million in net withdrawals were…
Business
ESR Reit completes sale of two logistic warehouses for S$6.8 million
THE manager of ESR Real Estate Investment Trust (ESR Reit) has completed the divestment of two logistics properties in Singapore for S$6.8…
Business
ESR Reit completes sale of logistic warehouse for S$6.8 million
THE manager of ESR Real Estate Investment Trust (ESR Reit) has completed the divestment of a logistics property in Singapore for S$6.8…
Culture
Netflix’s Reed Hastings Gives $50 Million to Bowdoin for A.I. Program
The Netflix co-founder Reed Hastings wants more researchers and students to ask deep questions about artificial intelligence and its…
Business
DFI sells Singapore food business, including Cold Storage and Giant, for S$125 million to Macrovalue
Supermarket and retail store operator DFI Retail Group on Monday (Mar 24) announced the divestment of its Singapore food business to…
Business
Incredible $40 Million Supercar Collection Showcases Rare International Automobiles
Read the full story on Modern Car Collector An astonishing private car collection, valued at $40 million, is capturing attention for its…
Business
BTS' Jungkook Caught in Massive HYBE Stock Heist Worth $5.6 Million, Identity Thief Remains at Large
K-pop icon Jungkook of BTS has fallen victim to a large-scale identity theft involving HYBE shares worth 8.44 billion KRW (approximately…
Business
Starhill Global Reit obtains S$600 million sustainability-linked loan for refinancing
The use of these term facilities and refinancing are expected to take place from June to September Starhill Global Real Estate Investment…
Business
UOB CEO Wee Ee Cheong’s 2024 pay down 5.5% at S$15 million despite record net profit
UOB chief executive officer Wee Ee Cheong’s annual salary for 2024 dipped, despite the bank reporting a record net profit for the full…
Business
ESR Group warns of plunge into US$730 million loss on asset and project revaluations
Hong Kong-listed real asset manager ESR Group, the sponsor of Singapore Exchange-listed ESR Real Estate Investment Trust (ESR-Reit),…
Business
ValueMax raises S$71.7 million through two digital securities commercial papers
Both papers were issued on Mar 3 and received “strong demand” from investors, says the company Pawnbroking chain ValueMax Group has raised…
Business
Top Glove swings back into black with RM30.3 million Q2 profit
Top Glove returned back to the black with a net profit of RM30.3 million (S$9.1 million) for its second quarter of its financial year…
Business
Trendlines terminates subsidiary CEO Anton Wibowo for stealing US$2.1 million
The employee alleged to have stolen US$2.1 million from a subsidiary of Trendlines Group was the unit’s chief executive officer and…
Politics
National park visits hit record high last year, agency reports as it endures deep cuts
As the Trump administration continues to slash the federal workforce, the National Park Service — which has lost nearly 10% of its staff…
Business
Nanofilm H2 profit rises 6.5% to S$11.5 million
NANOFILM Technologies reported a 6.5 per cent increase in net profit in the second half ended Dec 31, 2024, to S$11.5 million, from S$10.8…
Business
Food Empire H2 profit down 3.2% at US$28.9 million
FOOD Empire’s net profit fell 3.2 per cent to US$28.9 million for the second half ended Dec 31, 2024, from US$29.8 million in the same…
Business
SingLand H2 net profit rises 76% to S$180.5 million on higher revenue from hotel ops
SINGAPORE Land Group (SingLand) reported a net profit of S$180.5 million in the second half ended Dec 31, up 76 per cent from S$102.4…
Business
Aztech Global H2 profit falls to S$23.9 million on lower sales but group doubles dividend
DESPITE its profit dropping from S$57.1 million to S$23.9 million in the second half of 2024, Aztech Global almost doubled its dividend…
Business
Yankees Called 'No.1 Contender' to Trade For $260 Million 8-Time All-Star
The Nolan Arenado trade saga has been going on since before the 2024 season ended, but his team, the St. Louis Cardinals, are now three…
Business
Great Eastern Q4 profit falls 14% to S$134.8 million
GREAT Eastern on Tuesday (Feb 25) reported a net profit of S$134.8 million for the fourth quarter ended Dec 31, down 14 per cent from…
Business
Great Eastern Q4 profit falls 14% to S$134.8 million, reflecting medical insurance provisions
GREAT Eastern on Tuesday (Feb 25) pointed to provisions made for its medical insurance business as the primary reason its net profit fell…