Posts by Swedan Margen
NetLink NBN Trust’s net profit slips 6.9% to S$46.9 million for H2 FY2025
[SINGAPORE] Internet service provider NetLink NBN Trust posted a 6.9 per cent decrease in net profit to S$46.9 million for the second half ended Mar 31, 2025. NetLink’s earnings were impacted by higher depreciation and amortisation, lower income tax credit and higher finance costs, it said in a regulatory filing on Thursday (May 15). Revenue…
Read MoreNetLink NBN Trust’s net profit slips 6.9% to S$46.9 million for H2 FY25
[SINGAPORE] Internet service provider NetLink NBN Trust posted a 6.9 per cent decrease in net profit to S$46.9 million for the second half ended Mar 31, 2025. NetLink’s earnings were impacted by higher depreciation and amortisation, lower income tax credit and higher finance costs, it said in a regulatory filing on Thursday (May 15). Revenue…
Read MoreIEA predicts slower oil demand growth for the rest of 2025
[LONDON] The International Energy Agency (IEA) said on Thursday (May 15) that economic headwinds combined with record sales of electric vehicles will slow global oil demand growth for the remainder of 2025, as supply is set to jump from planned Opec+ output hikes. Lower oil prices stemming from trade tensions and rising output are impacting…
Read MoreSats to invest over S$250 million to upgrade operations, cargo handling infrastructure at Changi Airport
These strategic initiatives will also enhance operational reliability and safety, and optimise turnaround times [SINGAPORE] Catering and ground handling company Sats announced on Thursday (May 15) that it will invest over S$250 million to upgrade its ground operations and cargo handling infrastructure at Changi Airport. These strategic initiatives will enhance operational reliability and safety, optimise…
Read MoreSingtel’s new 5G+ Priority plans are key for its premium customer push
[SINGAPORE] Premium customers remain top of mind for Singtel with new 5G+ Priority plans. The new plans promising faster streaming speeds and priority access to the network were launched on Thursday (May 15). They offer customers four times faster speeds and ultra-low latency, which translates to smoother streaming speeds, ultra-responsive gaming and uninterrupted video…
Read MoreAlibaba misses revenue estimates as it fights for China e-commerce market dominance
[BENGALURU/SHANGHAI] Alibaba posted quarterly revenue that missed analysts’ estimates on Thursday (May 15), as the e-commerce group works on new strategies to keep consumers spending amid persistent economic weakness in China and uncertainty over the impact of tariffs. US-listed shares of the Chinese company fell nearly 7 per cent in early trading. They have risen…
Read More“Overcompensating” Is a New Kind of Coming-Out Comedy
Benny Scanlon, the protagonist of the new comedy “Overcompensating,” is the kind of boy mothers don’t know to warn their daughters about. Tall, handsome, and polite, Benny—played by Benito Skinner—checks a near-comical number of boxes: valedictorian, football player, homecoming king. The Prime Video series opens on Benny’s first day of college, where he instantly clicks…
Read MoreDolly Parton’s Quietly Inspiring Defense of Marriage
Abelard and Heloise, Vladimir and Véra, Prince Albert and Queen Victoria: to these historic his and hers, I would add Carl and Dolly. That’s Dean and Parton, the Tennessee couple whose nearly sixty-year marriage ended in March, when Dean died, at the age of eighty-two. The country-music star released a statement announcing her husband’s death…
Read MoreShein to set up huge Vietnam warehouse in US tariff hedge: sources
[HANOI, SHANGHAI] Fast-fashion online retailer Shein is leasing a huge warehouse in Vietnam, two people familiar with the deal told Reuters, its first in the country, in a move that could reduce its exposure to unpredictable US-China trade tensions. Shein, which was founded in China and sells products including US$5 bike shorts and US$18 sundresses,…
Read MoreSGX RegCo consults on regulatory changes to streamline IPO rules
[SINGAPORE] Listed issuers on the Singapore Exchange (SGX) will be expected to take on a more proactive role in providing timely and relevant disclosures, focusing on material information rather than following prescriptive requirements. The change comes as the Singapore Exchange Regulation (SGX RegCo) seeks market feedback on the proposed regulatory changes aimed at transitioning to…
Read MoreTrump wants Apple to stop moving iPhone production to India
The US president’s comments throw a wrench into Apple’s plan to import most of the iPhones it sells in the US from India by the end of next year Published Thu, May 15, 2025 · 04:17 PM [DOHA] US President Donald Trump said he has asked Apple’s Tim Cook to stop building plants in India,…
Read MoreCordlife jumps 48% to S$0.23 on partial offer from Thai-listed Medeze
The stem cell company is seeking to acquire about 25.6 million shares at S$0.25 apiece [SINGAPORE] Shares of Cordlife surged by over 48 per cent on Thursday (May 15), after the company lifted its trading halt earlier in the morning, which had been put in place on Tuesday. This came after a voluntary conditional cash…
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