Markets

SINGAPORE: Singtel on Thursday (May 27) posted its lowest net profit in at least two decades on exceptional losses and outlined a strategy to focus on 5G and develop new growth engines in information-communication technologies. The telco, which is Southeast Asia's largest, reported that annual net ...

China's Lenovo Group, the biggest maker of personal computers, posted on Thursday a better-than-expected rise of 512per cent in fourth-quarter profit, helped by robust demand from those working from home as COVID-19 curbs persisted.

Taiwan is considering boosting a loan facility to help small and medium sized firms hit by the COVID-19 pandemic, and may extend it to individuals, with almost US$20 billion available, sources briefed on the matter told Reuters.

DIGITAL lenders pulled in US$548 million over 38 transactions in the first quarter of 2021 to make up more than half the total amount raised by this sector over 2020, according to a recent report by S&P Global Market Intelligence.

Countries reliant on tourism are racing to reopen borders and revive economies decimated by the pandemic. The World Travel and Tourism Council estimates that the sector lost nearly US$4.5 trillion and 62 million jobs last year. Airlines alone lost US$126 billion last year and are on track to lose...

Taiwan is considering boosting a loan facility to help small and medium sized firms hit by the COVID-19 pandemic, and may extend it to individuals, with almost US$20 billion available, sources briefed on the matter told Reuters.

WASHINGTON/BEIJING :U.S. Trade Representative Katherine Tai said on Wednesday that the United States still faces "very large challenges" in its trade and economic relationship with China that require the Biden administration's attention across the board.

China and the United States agreed that the development of bilateral trade is very important, China's commerce ministry said, adding that both sides exchanged views on issues of mutual concern.

Asian shares retreated from two-week highs on Thursday and China started on the backfoot on fears central banks were closer to considering winding back their emergency stimulus while the dollar held at a one-week top.

SoftBank Vision Fund's head, Rajeev Misra, saw his disclosed remuneration for the past business year fall 42per cent to 931 million yen (US$8.5 million) including basic pay, a SoftBank Group Corp filing showed on Thursday.