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
Decarbonization Partners hits final close of debut fund at $1.4b, surpasses target
Singapore’s Keppel set to raise over $2.7b across three funds this year
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.
