Apple refused permission to appeal UK ruling on app store commissions
LONDON :Apple was on Thursday refused permission to appeal against a London tribunal ruling that it abused its dominant position by charging app developers unfair commissions.The Competition Appeal Tribunal (CAT) ruled against Apple last month after a trial, finding Apple had abused its dominant pos ...
Novo gets 15 billion euros of orders for Akero acquisition bonds
This is more than triple the amount the Danish drugmaker is seeking
Centurion posts 9% rise in Q3 revenue with strong demand for worker, student housing
Sharanya Pillai - The company has S$713 million in borrowings as at Sep 30, against S$434 million in cash
South African media get funding package from Google after antitrust probe
JOHANNESBURG :South Africa's competition regulator announced on Thursday a series of concessions from global tech platforms, including a 688 million rand ($40 million) media support package agreed with Google and YouTube, following an investigation into the sector.The package, announced in the ...
Subsea cables at the nexus of global power and data struggle
Goola Warden - Undersea cables are now indispensable in the quest for power and data for countries. That provides exciting business opportunities for companies specialised in the installation and maintenance of such equipment On Christmas Day 2024, a 170km power cable, the Estlink 2 line, which runs along the seab ...
KIT and Keppel Infrastructure Fund navigate new waters
Goola Warden - Keppel Infrastructure Trust (KIT) is at the centre of a debate between activist investors and its efforts to secure a stake in the subsea cable value chain. Corporate Monitor, an independent research entity that counts corporate governance expert Mak Yuen Teen as a founder and director, has argued a ...
Starbucks workers to strike in 40 cities, targeting ‘Red Cup Day’
The protests are open-ended and could expand
Deep dive into the valuations of HVDC subsea cable manufacturers
Thiveyen Kathirrasan - This section will cover the financial valuations of Milan-listed Prysmian (PRY), Copenhagen-listed NKT, and Tokyo-listed Sumitomo Electric Industries (SEI). The qualitative investment aspect for these companies is discussed in the previous section, which covers order backlogs, growth prospects and f ...
Tata Steel calls for extension of import tariffs on some steel products to India
It’s to guard against the threat of imports, particularly from China
Centurion Corporation revenue up 9% y-o-y to 3QFY2025 to $67.5 mil
Nicole Lim - Centurion Corporation has reported a 9% y-o-y growth in revenue for the 3QFY2025 ended Sept 30 of $67.5 million. For the 9MFY2025, revenue grew 12% y-o-y to $208.3 million. This was driven by sustained high financial occupancy rates and positive rental reversions across its Purpose-Built Worker Acco ...
Sats Q2 net profit up 13.3% to S$78.9 million as clients front-load orders ahead of US tariffs
Navene Elangovan - The group declares an interim dividend of S$0.02 per share, higher than S$0.015 a year ago
MND announces pro-enterprise measures for developers, support for home buyers
The Edge Singapore - Minister for National Development Chee Hong Tat announced four pro-enterprise measures for developers and enhanced support for home-buyers. The first is an improvement in the TOL or temporary occupation limit process. The Urban Redevelopment Authority (URA) and Singapore Land Authority (SLA) have a ...
Government to release land for about 4,500 new private homes in first half of 2026
New requirements were also announced for private developers to provide prospective home buyers with more details on floor plans and their track records.
EC World Reit Q3 net property income down 60.5%; illegally mortgaged units face 2 lawsuits
Therese Soh - The Reit is suspended from trading, and it is unlikely to declare any distribution for FY2025
MND trims supply of land to 4,500 private housing units for H1 2026 confirmed list
Chong Xin Wei - This is 4.8% less than the 4,725 units supplied in H2 2025, and 10.5% lower than the 5,030 units in H1 2025
Sats earnings up 13.3% y-o-y for 2QFY2026 to $78.9 mil; interim dividend of 2 cents declared
Nicole Lim - Sats has reported earnings of $78.9 million for the 2QFY2026 ended Sept 30, up 13.3% y-o-y. For the 1HFY2026, earnings grew 11.2% y-o-y to $149.8 million. Revenue for the second quarter of FY2026 came in 8.6% y-o-y higher at $1.57 billion, and for the 1HFY2026, revenue grew 9.1% y-o-y to $3.08 billi ...
Apple and Tencent agree to 15% fee on WeChat mini game purchases
The deal opens a new revenue stream for Apple and takes pressure off Tencent
BBR Holdings to dispose of freehold property and factory building in Johor for RM25.3 mil
Nicole Lim - BBR Holdings’ subsidiary to dispose of a freehold property and factory building located in Johor, Malaysia for a total consideration of RM25.3 million ($7.98 million). BBR Construction Systems entered into a conditional sale and purchase agreement with My Semi Precision to sell a freehold property ...
Disney boosts dividend and buyback, parks and streaming drive profit beat
LOS ANGELES :Walt Disney said on Thursday it would boost its dividend by 50 per cent and double its share buyback plan for fiscal 2026, as the media giant's streaming and parks businesses powered a quarterly earnings beat.Still, shares of the company fell nearly 3 per cent in premarket trading ...
Disney revenue hit by cable weakness, overshadowing gains in parks and streaming
LOS ANGELES :Walt Disney missed Wall Street estimates for quarterly revenue on Thursday as ongoing weakness in its cable TV unit overshadowed solid growth in streaming and theme parks, sending its shares down more than 3.9 per cent in premarket trading.The media and entertainment giant also unveiled ...
Disney warns of potentially long dispute with YouTube TV, shares fall
LOS ANGELES :Walt Disney signaled on Thursday it was girding for a potentially prolonged fight with YouTube TV over distribution of its television networks, worrying investors about the outlook for its already declining TV business.The company also missed quarterly revenue expectations as the cable ...
Disney warns of potentially long distribution dispute with YouTube TV, shares fall
(Corrects paragraph 4 to remove reference to NBCUniversal content going briefly dark on YouTube TV)By Lisa Richwine and Dawn ChmielewskiLOS ANGELES :Walt Disney signaled on Thursday it was girding for a potentially prolonged fight with YouTube TV over distribution of its television channels, worry ...
Bumitama Agri’s 9M profit rises 29% with record rainfall in Central Kalimantan
Sharanya Pillai - Crude palm oil accounts for 84% of its sales, with the remainder from palm kernel
Nissan considering car development with Honda in US, Nikkei quotes Nissan CEO as saying
TOKYO :Nissan Motor is considering a joint vehicle and powertrain development with Honda Motor in the United States, Nissan CEO Ivan Espinosa told the Nikkei business daily on Thursday.
Nissan considering car development with Honda in US, Nikkei reports
TOKYO :Nissan Motor is considering a joint project for vehicle and powertrain development with Honda Motor in the U.S., Nissan CEO Ivan Espinosa told the Nikkei business daily on Thursday.Nissan and Honda said last December they were in talks to merge but in February the two Japanese automakers ende ...
Debt-ridden mm2 Asia’s H1 net loss deepens to S$39.7 million as existential threat looms
Therese Soh - Revenue is down 53.2% year on year at S$40 million
1MDB drops JPMorgan, Coutts from US$1.1b lawsuit
[KUALA LUMPUR] Malaysia state firm 1MDB dropped its court action against JPMorgan and Coutts, The Edge reported.
Japan's Inpex lifts annual profit forecast on lower costs
TOKYO :Japan's biggest oil and gas explorer Inpex raised its forecast for annual net profit by 5 per cent on Thursday, as lower-than-expected costs offset reduced shipment from its key Ichthys liquefied natural gas project in Australia due to maintenance.The company now expects net profit of 39 ...
KSH Holdings reverses into earnings of $5.3 mil for 1HFY2026; declares interim dividend of 0.5 cents per share
Nicole Lim - KSH Holdings has reported earnings of $5.3 million for the 1HFY2026 ended Sept 30, reversing from a loss of $6.5 million recorded in the same period a year ago. Revenue for the 1HFY2026 came in 19.7% y-o-y higher at $63.1 million, driven by higher revenue from the construction business. The growth i ...
Google hit with EU antitrust investigation into its spam policy
BRUSSELS :Alphabet's Google was hit with an EU antitrust investigation into its spam policy on Thursday following complaints from publishers who say it has hurt their revenues, putting the U.S. tech giant at risk of yet another hefty fine. Google began cracking down against companies gaming its ...
Venture posts 8.3% fall in Q3 earnings amid softness in consumer tech
Sharanya Pillai - The company is ‘ramping up activities for hyperscale data centres’, including network connectivity solutions
Goldman set for record advisory year after US$110 million fee on EA’s take-private deal
A 2025 M&A rebound has lifted US bank deal revenue, with Goldman outpacing its rivals
Daily Debrief: What Happened Today (Nov 13)
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Bumitama Agri net profit up 1% y-o-y for 3QFY2025 to IDR602.9 bil
Nicole Lim - Bumitama Agri has reported a net profit of IDR602.9 billion ($47 million) for the 3QFY2025 ended Sept 30, up 1% y-o-y. Core profit for the 3QFY2025 rose 27% y-o-y to IDR636.4 billion. For the 9MFY2025, net profit came in 28.5% y-o-y higher at IDR1.87 trillion. The group’s revenue for 3QFY2025 came ...
