The pace and scale of changes in the last two and a half years have been extreme. Even as the worst of the pandemic seems to be over, economies and countries globally continue to face tough challenges. The lingering pandemic, the situation in Ukraine, tightening financial conditio...

BILLION DOLLAR CLUB: FOOD AND BEVERAGES + FOOD AND DRUG RETAILING Leading supermarket operator Sheng Siong Group is a regular winner at the Billion Dollar Club. This year, Sheng Siong took home the overall sector award for this industry category as well as two other wins with 34...

MAINBOARD-LISTED Mewah International posted a 42.1 per cent fall in net profit to US$14.2 million for its first half ended Jun 30, 2022, from US$24.5 million a year ago.

Edible oils and fats firm Mewah International has reported its highest revenue full year revenue in 11 years at US$4.35 billion ($5.88 billion), but earnings have dipped by 7.4% y-o-y to US$80.2 million. In its FY2021 (ended December) results release, Mewah saw revenue jump by 26.2% y-o-y from FY202...

Former Manchester United football players including Gary Neville and Paul Scholes are teaming up with wealthy Singaporeans Peter Lim and his son Kiat Lim to create an organization that will allow fans to make sports-related investments alongside them. The participants are creating a decentralized au...

Bitcoin’s (BTC) price rose on Jan 10, after losing for 6 days straight, just avoiding a drop below US$40,000 that experts say is a “key psychological level” that could trigger a steeper sell-off. Image credit: Coindesk The cryptocurrency’s most recent losing streak would have been its longe...

A pair of scions from Singapore’s wealthiest families are teaming up to create a private NFT-based social networking app, becoming the latest among the well-heeled to jump aboard an intensifying crypto craze. Kiat Lim, the 28-year-old son of reclusive financier Peter Lim, and Elroy Cheo, of the fa...

Mohamed Salleh, CEO of Second Chance Properties, has been raising his stake in his company in recent weeks. Most recently, on April 28, he acquired 222,400 shares for 29 cents each, lifting his total interest to 516 million, or 68.63%. Besides Mohamed, the company has been actively buying back share...

FOR the 5 trading sessions that spanned April 16 to 22, the Straits Times Index (STI) gained 0.1 per cent while the Nikkei 225 Index, Hang Seng Index and S&P/ASX 200 Index averaged a 0.9 per decline. This has brought the STI's total return for the 2021 year to April 22 to 12.7 per cent. Outside the...

THE recent spike in crude palm oil (CPO) prices has helped lift the top and bottom lines of CPO plays listed on the Singapore bourse. The effects, however, have not been universal. It is the smaller, pure-play counters - such as Bumitama Agri and Mewah International - that have come out tops...

Earnings of agri-business services provider Mewah International soared by some 643.1% to US$86.5 million ($115.3 million) in FY2020 ended December, from US$11.6 million in the year before. On a fully diluted basis, this translates to earnings per share of 5.77 US cents in FY2020, versus 0.78 US cent...