Markets

SINGAPORE: Supermarket chain Sheng Siong said on Wednesday (Feb 24) that its full-year net profit jumped 83.7 per cent as customers stocked up and had meals at home during the COVID-19 pandemic.  Net profit for the year ended December 2020 rose to S$139.1 million from S$75.8 million the previous ......

British finance minister Rishi Sunak will next week promise yet more spending to prop up the economy during what he hopes will be the last phase of lockdown, but he will also probably signal tax rises ahead to plug the huge hole in the public finances.

BANGKOK: Thai authorities are preparing a plan to ease restrictions for travellers vaccinated against the coronavirus, senior officials said on Wednesday (Feb 24), as the country looks to revive a tourism industry battered by travel curbs. Measures for vaccinated visitors would be introduced step ...

India's largest renewable energy firm ReNew Power on Wednesday agreed to go public through a merger with blank-check firm RMG Acquisition Corporation II, in a deal that values the merged entity at roughly US$8 billion.

SINGAPORE: Mediacorp on Wednesday (Feb 24) launched a self-service advertising platform, in a move aimed at making advertising more attractive and accessible to all business owners. Named Mediacorp AdDirect, the one-stop platform enables advertisers to create, order and track their media campaigns ...

Australia's Fortescue Metals Group has apologised to an Aboriginal group for clearing land on a heritage site while flouting a government condition for representatives of the community to be present when the damage took place.

President Joe Biden will sign an executive order on Wednesday aimed at addressing a global semiconductor chip shortage that has forced U.S. automakers and other manufacturers to cut production and alarmed the White House and members of Congress, administration officials said.

Suzuki Motor Corp said on Wednesday that its 91-year old chairman, Osamu Suzuki, is retiring in June.

German sportswear company Puma expects a big hit to its results from lockdowns to contain the coronavirus pandemic well into its second quarter, but sees a strong improvement after that.

HONG KONG: Hong Kong hiked stamp duty on stock trades on Wednesday (Feb 24) for the first time in almost three decades as it tries to plug a pandemic-induced record budget deficit, sending the local equity market tumbling. The business-friendly financial hub, which prides itself on low taxes and...