Is it the end of the road for mm2 Asia as the walls close in?
Frankie Ho - There's a fine line between high hopes and unrealistic expectations. For shareholders of mm2 Asia, that subtle distinction is increasingly blurred. Around this time last year, mm2 founder and chairman Melvin Ang hinted in his annual report message that the worst might soon be over for the enter ...
Majority of S’pore listcos not prepared for ISSB-aligned climate reporting due FY2025: EY study
Jovi Ho - Although the deadline to meet climate-related disclosure requirements under the IFRS Sustainability Standards Board (ISSB) is drawing near, most companies listed on the Singapore Exchange (SGX) do not appear prepared for the new sustainability reporting regime, according to the results of an annual ...
Japan's Mitsubishi expands in salmon farming with acquisitions in Norway, Canada
TOKYO :Japanese trading house Mitsubishi said on Thursday it would expand its salmon farming by acquiring additional businesses in Norway and Canada, as Japanese companies continue to grow in the food sector, with a focus on protein. Faced with volatile fossil fuel markets and in search of stable r ...
Japan's Mitsubishi expands in salmon farming with acquisitions Norway and Canada
TOKYO :Japanese trading house Mitsubishi said on Thursday it would expand its salmon farming by acquiring additional businesses in Norway and Canada, as Japanese companies continue to grow in the food sector, with a focus on protein. Faced with volatile fossil fuel markets and in search of stable r ...
Kheng Leong, Low Keng Huat launch Canberra Crescent Residences with prices from S$1,880 psf
Ry-Anne Lim - One-bedders at the 376-unit condo are priced from S$880,000, while prices for two-bedders start at S$1.11 million
Noise or signal: Nuveen outlines five key investment themes amid policy uncertainty
Samantha Chiew - Amid shifting US trade policy, a slowing global economy and persistent volatility, Nuveen’s Global Investment Committee remains constructive on selective asset classes, particularly US large caps, infrastructure, municipal bonds and real estate. In its mid-year 2025 outlook, the committee outlines ...
Taiwan’s TSMC says second quarter profit up 60%
The quarterly results follow Trump’s latest barrage of tariffs and renewed threats to impose levies on pharmaceutical products and chips
TSMC posts record quarterly profit on AI demand, but cautious on tariff impact
It predicts another leap in sales for Q3 and hikes its full-year revenue outlook
TSMC profit surges again after AI drives big jump in sales
Salamat Sanwan - The company’s performance underscores resilient demand for high-end artificial intelligence chips from the likes of Nvidia and Advanced Micro Devices, which is...
Chinese carmakers take the wheel in Malaysia’s fast-charging EV market
Tan Ai Leng - BYD takes the lead with 5,434 vehicles delivered in the first six months of 2025, outpacing home-grown Proton’s 4,043 cars
Britain's Ocado says core priority to turn cash flow positive in 2025/26
LONDON :Ocado, the British online supermarket and technology group, said its core priority was to turn cash flow positive in its next financial year, as it reported a 76.5 per cent rise in underlying earnings in its first half on Thursday.
Britain's Ocado says priority is to turn cash flow positive in 2025/26
LONDON :Ocado, the British online supermarket and technology group, said its priority was to generate cash, rather than consume it, in its next financial year, as it reported a 76.5 per cent rise in underlying earnings in its first half.The group runs an online supermarket through a joint venture wi ...
Hongkong Land 1HFY2025 profit to rebound from impairment loss
Bloomberg Intelligence - Hongkong Land's 1HFY2025 underlying profit could spring back from its year-earlier loss — which was largely due to non-cash impairment charges against its mainland China properties — despite falling rental income from its Hong Kong offices. The landlord might ease its Hong Kong office vacan ...
ValueMax ‘proxy’ to growing gold prices, outlet expansion to fuel growth, says RHB
Douglas Toh - Analyst Alfie Yeo of RHB Bank Singapore (RHB) sees ValueMax as a proxy to the growth of gold prices in an unrated July 16 report. Presently, the price of gold is trading at US$3,300 ($4,2421) per ounce, to which Yeo expects to reach around US$3,450 per ounce by 2Q2026, based on the Bloomberg consens ...
TSMC Q2 profit surges 60%, reaches historic high
TAIPEI :TSMC, the world's largest contract chipmaker, posted a 60.7 per cent jump in second-quarter net profit on Thursday, beating market forecasts and hitting a historic high as it benefited from surging demand for semiconductors used in artificial intelligence applications.Taiwan Semiconduct ...
Viaplay buys remaining stake in Allente from Telenor
STOCKHOLM :Swedish streaming group Viaplay Group said on Thursday it had agreed to buy the remaining 50 per cent stake in Allente Group from Norway's Telenor for 1.1 billion Swedish crowns ($113 million). Viaplay said in a statement it would finance the deal, which would make it the sole owner ...
Publicis' CEO dismisses Meta threat, raises yearly growth guidance
French advertising firm Publicis on Thursday raised its full-year organic growth forecast following stronger-than-expected second-quarter results, as CEO Arthur Sadoun dismissed concerns over Meta's AI-powered ad creation system."When Meta comes along and says that they can do everything t ...
Couche-Tard pulls $47 billion bid for Japan's Seven & i
Canadian retailer Alimentation Couche-Tard withdrew its $47-billion takeover offer for Japan's Seven & i Holdings, blaming a lack of constructive engagement by the Japanese retailer.The deal for the operator of 7-Eleven "konbini" stores would have been the biggest foreign buyout o ...
Couche-Tard pulls $46 billion bid for Japan's Seven & i
Canadian retailer Alimentation Couche-Tard withdrew its $46-billion takeover offer for Japan's Seven & i Holdings, blaming a lack of constructive engagement by the Japanese retailer.The deal for the operator of 7-Eleven "konbini" stores would have been the biggest foreign buyout o ...
Trek 2000 divests stake in Terrenus Energy valued at around S$8.2m
Chloe Lim - The shares are currently held as investment and do not generate any income or revenue for FY2024
Trek 2000 International divests stake in Terrenus Energy valued at around S$8.2m
Chloe Lim - The shares are currently held as investment and do not generate any income or revenue for FY2024
Trek 2000 International divests stake in Terrenus Energy valued at around S$8.2 million
Chloe Lim - The shares are currently held as investment and do not generate any income or revenue for FY2024
China vows to address ‘irrational competition’ in EV sector
While Beijing is on track to meet its growth target of around 5% this year, worsening deflation threatens to drag the world’s...
The way Indonesia deals with US, EU could set bad precedent for countries looking to forge similar deals
Indonesia’s recent agreements with the Western superpower and the European bloc could set the path for other nations seeking similar arrangements. But experts warn against potential pitfalls and sacrificing domestic interests.
Chinese miner Zangge halts lithium production at subsidiary after govt order
BEIJING :Chinese miner Zangge Mining said on Thursday it had halted lithium production at a unit in Qinghai province on orders from local officials, sending lithium prices up more than 4 per cent in afternoon trading.The miner, controlled by state-owned giant Zijin Mining, received a notice from Hai ...
Latest Singapore six-month T-bill cut-off yield down at 1.79%
Shikhar Gupta - This is the ninth consecutive issuance since Mar 26 for which yields have declined
ABB beats forecasts with Q2 earnings
ZURICH :ABB said it continued to see market uncertainties linked to tariffs after the Swiss engineering company's second quarter earnings that were slightly better than analyst forecasts. The maker of industrial robots and factory electrification systems reported core operating income rising 9 ...
ABB posts highest ever order intake as Q2 beats forecasts
ZURICH :ABB brushed off concerns about market uncertainties linked to rising tariffs on Thursday to post its highest ever quarterly order intake, as the Swiss engineering company reported earnings ahead of forecasts.The maker of industrial robots and electrification systems increased orders by 16 pe ...
ABB draws record orders on booming demand from AI data centres and US
ZURICH :Swiss engineering group ABB reported on Thursday its highest-ever quarterly order intake, helped by surging demand from the United States and for products used in data centres being built to support artificial intelligence.Orders in the United States, the company's biggest market, jumpe ...
ABB posts record orders on booming US and data centre demand
ZURICH :Swiss engineering group ABB reported on Thursday its highest-ever quarterly order intake, helped by surging demand from the United States and for products used in data centres being built to support artificial intelligence.Orders in the United States, the company's biggest market, jumpe ...
Companies look to AI to enable financial resilience amid global volatility: DBS survey
Shikhar Gupta - Generative AI tools are sought by about 70% of some 800 finance leaders polled across seven sectors and 14 markets
Companies look to AI for financial resilience amid global volatility: DBS survey
Shikhar Gupta - Generative AI tools are sought by about 70% of some 800 finance leaders polled across seven sectors and 14 markets
mm2 Asia evaluating all available options, including winding up Cathay Cineplexes
Shikhar Gupta - The 85 year-old cinema chain may eventually cease to exist
Japan’s Sega eyes return to 1990s gaming glory
[TOKYO] The big-screen success of 1990s video game speedster Sonic the Hedgehog has brought new fans to Japan’s Sega, which says it...
