An increase in share of profits from associated and joint venture companies, boosted by one-time gains, lifted third-quarter earnings at SIA Engineering Company. The aircraft maintenance and repair firm said on Monday that net profit jumped 6.7 per cent to S$49.4 million for the three months to Dec 31 last year, compared with the S$46.3 million in the same period a year ago.
Singapore-listed commodity giant Olam International announced on Monday (Feb 1) that Mr A Shekhar, its executive director for finance & business development, has been promoted to the newly created position of executive director & group chief operating officer (ED & Group COO) with effect from Feb 1.
China was again the epicentre of disappointment as its official measure of manufacturing fell to the lowest since mid-2012, but the weakness also encompassed such bellwethers of high-tech trade as South Korea and Taiwan.
China's new home prices increased in January for the sixth straight month, a survey showed on Monday (Feb 1), positive news for the key sector following a series of stimulus measures aimed at boosting lending.
Online marketplace Carousell announced on Monday (Feb 1) it has appointed Mr Chai Jia Jih, formerly Airbnb's managing director for South-east Asia, as vice-president, international, effective on March 2.
Hong Kong home sales slumped to the lowest in at least a quarter-century last month (December), Centaline Property Agency estimated, adding to evidence that prices have further to fall. Centaline estimated January sales of new and secondary homes would reach 3,000 units, the lowest monthly figure since it started tracking data in January 1991.
South Korean exports in January suffered their worst downturn since the depths of the global financial crisis in 2009, keeping pressure for more rate cuts to stoke a fragile economic recovery amid cooling growth in China and slackening global demand.
Nearly one million investors may have been fleeced in China's latest Ponzi scheme, which over the weekend saw 21 executives from its biggest peer-to-peer money lending platform being arrested on suspicion of stealing 50 billion yuan (S$10.8 billion).