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OCBC conservative about FY2025 targets amid trade tensions, uncertainties
Bank’s Q4 net profit is up 4% at S$1.7 billion, while full-year earnings rise 8% to a record S$7.6 billion OCBC rode on the strength of macroeconomic tailwinds to...
Indonesia reaches pact with Apple, signalling end for iPhone ban
APPLE has signed an agreement with Indonesia to invest in the country, paving the way for sales of the iPhone 16 to resume in South-east Asia’s largest nation.
The agreement...
Plans to nationalise? Ask the government, says SingPost’s chairman
THE question of whether there are plans to nationalise Singapore Post (SingPost) should be posed to the government, said Simon Israel, chairman of the listed national postal service provider.“You...
Thai central bank surprises with rate cut as risks to growth increase
THE Bank of Thailand unexpectedly cut its key interest rate for the first time in four months, acting after disappointing growth data and public calls for lower borrowing costs...
CDL says Sherman Kwek remains group CEO, as board battle erupts
City Developments Ltd (CDL) group chief executive officer Sherman Kwek said recent changes to the board have “never been about ousting our esteemed chairman, responding to moves by his...
CDL CEO Sherman Kwek disappointed by father’s ‘extreme actions’ against him after suits filed
CITY Developments Ltd (CDL) group chief executive officer Sherman Kwek said that recent changes to the board have “never been about ousting our esteemed chairman”, responding to moves by...
Great Eastern privatisation is ‘natural progression’ in bank’s strategy: OCBC CEO Helen Wong
THE full integration of Great Eastern into OCBC will help the lender realise more synergistic value, by providing more opportunities for the bank to work closer with the insurer,...
Alibaba makes AI model for video, image generation publicly available
CHINESE e-commerce leader Alibaba said on Wednesday (Feb 26) that its video- and image-generating artificial intelligence (AI) model Wan 2.1 is now publicly available – or open source –...
Battle erupts between billionaire Kwek Leng Beng and son Sherman Kwek for control of CDL
A tussle between father and son for control of property giant City Developments Limited (CDL) was revealed on Feb 25 with executive chairman Kwek Leng Beng publicly criticising his...
Super Micro jumps after filing delayed financial reports
SUPER Micro Computer gained more than 20 per cent in extended trading after it submitted outstanding financial reports to become compliant with Nasdaq rules, easing concerns risks that the...
