World
Alphabet and Microsoft ignited a rally in tech stocks on Friday.
As new regulations take shape, will Indonesian investors' interest in crypto hold?
PE firm L Catterton buys into Italy's affordable cosmetics brand KIKO in $1.5b deal
Apple renews talks with OpenAI for iPhone generative AI features: report
Alphabet, Microsoft earnings show hefty AI bets are driving growth
Shanghai presses ahead into secondary market with new 10b yuan fund
More Stories
Singapore’s Keppel set to raise over $2.7b across three funds this year
Decarbonization Partners hits final close of debut fund at $1.4b, surpasses target
Schroders Capital’s $12.3b renewables arm to make next move in Asia
After blistering growth, Indonesia’s data centre firms shift focus to stability, margins
Vietnam-based Masan’s FMCG unit weighs IPO among fundraising options
Indonesia
The NPL ratio stood at 0.6%, way below the industry average of 2.3%.
Marketing expenses, which rose 76% YoY, were among the company’s biggest costs in 2022.
Singapore
Atome BNPL turned profitable in Q1 2024.
Blackstone’s net profit from asset sales fell 25% to $293.3 million as it cashed out fewer assets across its PE and credit portfolios.
Waresix generates revenue from services and freight forwarding as well as warehouse rental income.
The firm posted a 36% jump in profit.
The higher losses were on account of a 3x rise in expenses during the year.
Purchased transportation and labour-related expenses were the biggest contributor.
The group’s Singapore operations have expanded and form a major part of its results.