News

CapitaLand India Trust to buy Bengaluru office project for 14.7 billion rupees
[ad_1] CAPITALAND India Trust (Clint) will purchase a 1.13 million-square-foot (sq ft) office project in Bengaluru from luxury residence developer Maia Group for 14.7 billion rupees (S$233.6 million).The trustee-manager of...
Singapore stocks end up on Friday as regional indices gain ground; STI expands 0.1%
[ad_1] SINGAPORE equities finished higher on Friday (Feb 21) amid regional gains and a flurry of earnings reports. The benchmark Straits Times Index added 0.1 per cent or 2.43 points...
Trust Bank hits one million customers, launches investment products
[ad_1] SINGAPORE digital bank Trust Bank has hit the one-million-customer milestone, making up about 20 per cent of the adult population in the city-state. It crossed the milestone in February,...
StanChart CEO Winters’ 2024 pay jumps 46% on-year
[ad_1] The surge in total remuneration comes mainly from a nearly 78% increase in the long-term incentive awardSTANDARD Chartered chief executive officer Bill Winters’ total salary for 2024 came up...
Malaysia Starbucks franchise holder triples loss on boycotts
[ad_1] BERJAYA Food’s hundreds of Starbucks’ subsidiary outlets across Malaysia contributed to the company’s fifth straight quarterly loss after boycotts of US fast food brands over America’s support of Israel’s...
Jefferies hires two senior traders from CLSA in Asia push
[ad_1] JEFFERIES Financial Group hired two senior traders from CLSA, building out in Asia-Pacific after its revenue in the region jumped last year, a source familiar with the matter said....
Rex International falls 19.5% to S$0.173 on heavy trading after profit warning
[ad_1] SHARES of oil exploration and production company Rex International fell on Friday (Feb 21) morning on heavy trading after the company said it was expecting to post a net...
PBOC injects most short-term funds this month amid cash crunch
[ad_1] The PBOC has been tolerating a surge in repo rates and kept liquidity conditions tight, aiming to support the yuan amid economic headwindsCHINA’S central bank increased injection of short-term...
Chinese bubble tea chain Mixue aims to raise US$443 million in Hong Kong IPO
[ad_1] Mixue has 45,000 stores in mainland China and 11 other countries through a major franchise networkCHINA’S largest bubble tea and drinks firm, Mixue Group, is seeking to raise HK$3.45...
Apple’s Tim Cook meeting with Trump as tariffs threaten iPhones
[ad_1] PRESIDENT Donald Trump is meeting with Apple CEO Tim Cook at the White House on Thursday (Feb 20), according to a source familiar with their plans.The source shared the...
Stocks to watch: Wilmar, SIA, Genting Singapore, Seatrium, Starhub, FEHT, The Hour Glass
[ad_1] THE following companies saw new developments that may affect trading of their securities on Friday (Feb 21): Wilmar: It posted on Thursday a 39.4 per cent fall in net...
Spirit Airlines to exit bankruptcy under go-private deal
[ad_1] SPIRIT Airlines won court approval to leave bankruptcy via a lender-backed take-private deal after rejecting a takeover offer from rival Frontier Group Holdings.Judge Sean Lane said on Thursday (Feb...