South Korea to boost EV subsidies in 2026 to help auto industry weather US tariffs
SEOUL :South Korea's government said on Friday it would boost subsidies for electric vehicles (EVs) by 20 per cent next year as part of a package to help the country's auto industry weather risks caused by U.S. tariffs. The government said in a statement passenger EV subsidies would be inc ...
Ant International brings iris scanning to smart glasses to power AR commerce
Nurdianah Md Nur - Ant International has integrated iris authentication into Alipay+ GlassPay, its payment solution for augmented reality(AR)/smart glasses, to support merchants and digital platforms in developing more personalised and efficient consumer experiences. Successfully tested on AlipayHK, the solution enabl ...
Frasers Property full-year profit rises 17.8% to S$243.1 million
Shikhar Gupta - A dividend of S$0.045 per share has been proposed
Frasers Property full-year profit rises 17.8% to S$243 million on fair value gains; revenue dives S$800 million
Shikhar Gupta - A dividend of S$0.045 per share has been proposed
Frasers Property H2 profit falls 32.2% to S$100.9 million on lower contributions from residential projects
Jessie Lim - The group is exploring a redevelopment of Yishun 10
Frasers Property full-year profit rises 17.8% to S$243 million on fair-value gains
Jessie Lim - The group is exploring a redevelopment of Yishun 10
Bitcoin sinks deeper below US$100,000 as bear market grips crypto
BITCOIN sank deeper below the US$100,000 mark, dragged down by a fresh wave of risk aversion and a selloff in tech stocks...
Stocks to watch: SIA, Sats, Venture Corp, Frasers Property, First Resources, Bumitama Agri, StarHub, Centurion
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Nov 14):Â
First Resources reports underlying net profit of US$239.6 million, up 58% y-o-y
Lin Daoyi - First Resources has announced a 58% y-o-y increase in its underlying profit to US$239.6 ($311.8) million for the nine months ending Sept 30. In a business update, the Indonesia-based palm oil company says overall revenue in the same period was up by nearly 60% to nearly US$1.14 billion from US$711.1 ...
United Hampshire US Reit Q3 distributable income up 15.5% at US$7 million
Therese Soh - This is due to commencement of new leases, rental escalations from existing leases and lower interest costs
Thai economic growth likely slowed sharply in Q3 on weak consumption: Reuters Poll
BENGALURU :Thailand's economic growth likely slowed sharply last quarter as weak household spending and ongoing domestic uncertainty offset gains from exports, a Reuters poll of economists showed.Weighed down by high debt and fragile confidence, private consumption - a key driver of economic gr ...
United Hampshire US REIT reports distributable income of US$7 million for 3QFY2025, up 15.5% y-o-y
The Edge Singapore - United Hampshire US REIT has reported 3QFY2025 revenue of US$18.1 million, up just 1.4% y-o-y. Yet, net property income was up 5.7% y-o-y to US$12.7 million and distributable income of US$7 million, an increase of 15.5% y-o-y, thanks to lower financing costs. This brings its 9MFY2025 revenue to US$5 ...
First Resources Q3 profit surges 43.5% to US$87.5 million
Shikhar Gupta - This is due to a combination of higher average selling prices and sales volumes
StarHub’s Q3 profit falls 35.3% to S$26.2 million
Deon Loke - Revenue for the period is down 4.3% at S$550.3 million
Frasers Property reports 17.8% rise in attributable profit for FY2025, dividend unchanged
The Edge Singapore - Frasers Property (FPL) reported a 17.8% y-o-y gain in profit after interest, fair value change, tax and exceptional items, and non-controlling interests of $243.1 million in FY2025 for the 12 months to end-Sept. However profit before interest, tax, fair value change, exceptional items and non-contro ...
StarHub reports 3QFY2025 earnings of $26.2 million, down 35.3% y-o-y
The Edge Singapore - StarHub has reported lower earnings for its 3QFY2025, due to lower ebitda and higher depreciation, amid lower revenue. For the three months to Sept 30, earnings dropped 35.3% y-o-y to $26.2 million, which brings its 9MFY2025 earnings to $88.2 million. The bottom line was also hurt by a one-off forfe ...
How the US ended up with radioactive shrimp and sneakers from Indonesia
THE first sign of trouble surfaced thousands of kilometres from Indonesia.Â
Australian AI company Firmus to raise $325 million to accelerate AI infrastructure rollout
Australia's Firmus announced on Friday an equity raise of A$500 million ($324.90 million) as the artificial intelligence company and potential IPO candidate looks to accelerate development of Project Southgate, its AI infrastructure initiative.The move comes as global firms push for more invest ...
Nvidia-backeed Australian AI company Firmus raises $325 million
Australia's Firmus announced on Friday it would raise A$500 million ($324.9 million) in a new funding round, as the artificial intelligence company and potential IPO candidate looks to accelerate development of Project Southgate, its AI infrastructure initiative.The fundraising, the second in t ...
Apple and OpenAI must face X Corp’s lawsuit for now, US judge rules
APPLE Inc and ChatGPT maker OpenAI on Thursday failed to convince a federal judge to dismiss a lawsuit by Elon Musk’s X...
YouTube superstar MrBeast opens pop-up park in Saudi Arabia
MRBEAST, the world’s most followed YouTuber with over 450 million subscribers, opened a temporary amusement park in Riyadh on Thursday, the latest...
Apple and OpenAI must face X Corp's lawsuit for now, US judge rules
Apple Inc and ChatGPT maker OpenAI on Thursday failed to convince a federal judge to dismiss a lawsuit by Elon Musk’s X Corp accusing them of conspiring to monopolize markets for smartphones and generative AI chatbots.In his ruling, U.S. District Judge Mark Pittman in Fort Worth, Texas, said Muskâ ...
Boeing union votes to end strike, accept new contract
MORE than 3,000 striking Boeing defence workers on Thursday voted to end a strike over wage increases and retirement benefits, one of...
Trading Day: Fed hopes melt, stocks sink
Fed hopes melt, stocks sink
US: Wall Street tumbles as Nvidia slides, investors fret that Fed may slow rate cuts
WALL Street ended sharply lower on Thursday, with steep losses in Nvidia and other AI heavyweights, as investors scaled back expectations of...
Commentary: Feel like you can’t get a job? Here’s how to work around it
The new hiring landscape rewards strategy, not volume, says an academic.
Europe: Shares close lower with upcoming US data in focus; Siemens slides
EUROPEAN shares closed lower on Thursday, as investors shifted their focus to crucial US economic data following the end of the nation’s longest...
Oil prices steady after steep losses in previous session
[HOUSTON] Oil prices held largely steady on Thursday after declining around 4 per cent in the previous session as investors weighed concerns about global...
Ubisoft delays half-year results, requests trading suspension
French video game publisher Ubisoft said on Thursday it was postponing the publication of its half-year earnings and requested Euronext suspend trading of its shares and bonds starting Friday.The suspension will remain in place until the company publishes the delayed results "in the coming days ...
Digital lender Nubank posts Q3 income beat, record profitability
SAO PAULO :Nu Holdings, the listed entity which runs Brazilian digital lender Nubank, posted on Thursday an increase in its third-quarter net income driven by its Brazilian and Mexican businesses, beating analysts' projections.The company reported a $783 million net income for the July-Septembe ...
Applied Materials forecasts strong quarterly revenue on AI chip demand
U.S.-based Applied Materials, a maker of semiconductor manufacturing equipment, forecast upbeat first-quarter revenue on Thursday, signaling that robust demand for tools used to make AI chips is set to overpower a broader industry slowdown.The surge in AI-driven demand for advanced memory chips is s ...
Doggie diversity in size and shape began at least 11,000 years ago
WASHINGTON :Dogs today come in a mind-blowing array of shapes and sizes, from the diminutive pug, Pekingese and Pomeranian to the grand Irish Wolfhound, Great Dane and Saint Bernard. But when did this diversity in canine forms begin? New research shows it dates back many millennia, long before moder ...
Stocks fall with bond prices; hopes fade for rate cuts as US reopens to murky economic data
NEW YORK/LONDON :Declines on Wall Street dragged MSCI's global equities lower and U.S. Treasury yields rose as investor hopes for a Federal Reserve rate cut took a dive and officials pointed to a lack of clarity in economic data as the U.S. government ended its longest-ever shutdown.In currenci ...
