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While the Covid-19 outbreak popped up suddenly out of nowhere, the fragility of large firms has been growing for some time. Forty years of falling interest rates has made increasing corporate leverage too irresistible.
Two years after concluding the sale of a 70% stake in Loders Croklaan Group BV to Bunge, IOI Corp has yet to make a substantial acquisition with the proceeds that were earmarked for future investments.
(Apr 9): Five months into the Covid-19 pandemic and there remains much that we do not know about the virus. Every government is grappling with the unknown, from the most powerful nations in the world, including the US and the UK, to the smaller, emerging
SINGAPORE (Feb 26): Despite ongoing trade tensions between the US and China, the Asian economic giant remains to be a high priority market for most companies, although many seem to be tempering their investment plans.
(Nov 20): Geo Energy Resources has achieved a big improvement in profitability this year, on increased production at its coal mine in Indonesia as well as higher selling prices. And, production at its second mine could kick off next year. Now, confident t
SINGAPORE (April 28): Serial System has announced earnings of US$2.7 million ($3.8 million) for the first quarter ended March 31, reversing from its loss of US$6.6 million in the same period a year ago as losses from associate companies shrank while allow
SINGAPORE (March 29): A growing number of Singapore’s homegrown enterprises are becoming increasingly practical such that the traditional family business model may be going extinct, suggests new research jointly conducted by KPMG and CPA Australia.
SINGAPORE (Feb 20): RHB is remaining “neutral” on iFAST Corporation with a lower target price of 79 cents from 88 cents previously, after the online investment platform on Friday posted a 55% decline in FY16 earnings.
SINGAPORE (Feb 14): Swee Hong has announced its second consecutive quarter of profitability with 2Q17 earnings of $2.1 million from its $5.5 million loss a year ago – which brings the civil engineering group’s net profit for 1H17 to $27.4 million, com
SINGAPORE (Feb 14): Crane rental company Tat Hong Holdings has swung back to profitability in 3Q with earnings of $0.2 million, thanks to higher operating income, a one-off gain on disposal and lower operating costs.