Singapore Airlines said Tuesday second-quarter net profit almost tripled due to passenger growth and improvements in its cargo business, but warned of challenges ahead.
DBS Group Holdings reported a surprise drop in third-quarter profit as Southeast Asia’s largest bank boosted bad-loan allowances more than sixfold in an effort to deal with its problem lending to the regional oil and gas services sector.The bank reported a 23 percent drop in net income to S$822 million (602 million dollars), worse than even the most pessimistic of analyst forecasts, but indicated it now hopes to draw a line under the bad-debt issues by recognising more of its energy services
Tan Min-Liang, co-founder of one of the world’s most recognisable gaming brands, Razer, has some exciting times ahead of him. His brainchild, founded in 2005, is now the premium brand for gamers worldwide. It is a company that has become synonymous with video game culture and has earned a loyal following amongst professionals and amateurs alike.After 12 years, the company is finally on the cusp of launching an IPO in Hong Kong.
Troubles in the oil and gas services industry took the gloss off United Overseas Bank’s results, with bad loans increasing the most in more than a year.The Singaporean lender declared S$799 million (588 million dollars) of new nonperforming assets in the three months to September, overshadowing a better-than-expected profit figure that was driven by higher interest income and wealth-management fees.
“We are very pleased to announce that two home-grown companies have partnered together to form a new Asean joint venture,” said Tony Fernandes, Chief Executive Officer (CEO) of AirAsia Group.In line with AirAsia’s goal to solidify its position as the leading low-cost carrier in the Southeast Asian region, the company had recently formalised a partnership with SATS Ltd (SATS) – the chief ground-handling and in-flight catering service provider at Singapore Changi Airport – which will allow both
Bad day at the office?
Freeport-McMoRan signalled it’s made progress with Indonesia on how to value its flagship Grasberg mine, but warned that the final stages of divestment negotiations are complex.“We are working with the government to have a complete resolution of those issues, and the current goal that we’re both working on is by the end of the year,” Chief Executive Officer Richard Adkerson said from Jakarta during a two-hour long earnings call that was, once again, dominated by questions about Indonesia.
Singapore's malls are one click away from irrelevance, though the investment trusts that own them are carrying on as if nothing has changed.The first hint of trouble showed up in January when department store John Little shut down after a 174-year run.
For technology stock investors, it sometimes pays to buy the companies that make the parts.Take Techfast Holdings, a small Malaysian supplier of everything from screws and self-clinching fasteners to materials for light-emitting diodes.
Garuda Indonesia is targeting a return to profit next year after a loss in 2017 as the flag carrier works to reduce expenses and operations improve.The airline is predicting a profit of 75 million dollars in the second half ending December but won’t be able to post a profit for the 12-month period following a larger loss in the first six months of the year, Chief Executive Officer Pahala Mansury said.
Malaysia Airlines on Friday named veteran senior executive Izham Ismail as its new CEO after his predecessor's shock departure dealt a fresh blow to the struggling carrier.
Even after 50 years since the formation of ASEAN (Association of Southeast Asian Nations), women representation in boardrooms across Southeast Asian countries is still lagging behind most developed nations.
