<div class=newsTextDataWrapInner><p>SINGAPORE (Nov 7): Yeo Hiap Seng posted a 45.8% fall in 3Q earnings to S$5.1 million from S$9.4 million a year ago due to lower net profit generated by the F&amp;B division.</p></div>

<div class=newsTextDataWrapInner><p>Revenue fell 13.5% to S$94.7 million from a year ago.</p></div>

<div class=newsTextDataWrapInner><p>F&amp;B revenue decreased 13.7% to S$93.4 million due while division gross profit fell 19.9% to S$32.17 million due to lower revenue and higher raw material costs.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>A&amp;P, selling and distribution and administrative expenses were also lower at S$2.33 million, S$2.79 million and S$2.02 respectively.</p></div>

<div class=newsTextDataWrapInner><p>There were also no property development or selling activities in the current period.</p></div>

<div class=newsTextDataWrapInner><p>In the next 12 months, the group expects F&amp;B margins to come under pressure mainly due to soft economic conditions and weak outlook for its key markets; competitive selling prices; and uncertainty in raw material prices.</p></div>

<div class=newsTextDataWrapInner><p>The property development segment stays dormant.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Yeo Hiap Seng closed 2 cents lower at S$1.37.</p></div>


SINGAPORE (Nov 7): Yeo Hiap Seng posted a 45.8% fall in 3Q earnings to S$5.1 million from S$9.4 million a year ago due to lower net profit generated by the F&B division.

Revenue fell 13.5% to S$94.7 million from a year ago.

F&B revenue decreased 13.7% to S$93.4 million...

Yeo Hiap Seng posts 46% fall in 3Q earnings to S$5.1 mil

TOKYO (Jan 30): Asian share markets were mixed in thin trading on Thursday, as much of the region was on holiday for the Lunar New Year, while the US dollar trod water after the Federal Reserve signalled a pause in policy easing.

Asia stocks mixed, dollar steady as traders consider Fed rate pause

Being a top banker in the nation’s most important government-owned bank is a privileged position. Doors open as one wanders through the corridors of power, gourmet lunches served as the inner workings of politics and business are laid bare. A nod, a smile or the calculated silence — what more a s...

My Say: A top banker’s rare candid view of seven missed opportunities for the nation

MEXICO CITY (Jan 29): Meta Platforms on Wednesday said it has agreed to pay about US$25 million (RM109.75 million) to settle a lawsuit by President Donald Trump over the company's suspension of his accounts after the Jan 6, 2021, attack at the US Capitol.

Meta to pay US$25m to settle Trump's 2021 lawsuit over suspended accounts

Meta Platforms META.O beat Wall Street expectations for fourth-quarter revenue on Wednesday but predicted sales in the current first quarter may not meet forecasts, sending mixed signals about how its bets on pricey artificial intelligence-powered tools are paying off.

The Facebook and Instagram parent company expects first quarter revenue between $39.5 billion and $41.8 billion, compared with analysts' average estimate of $41.72 billion, according to data compiled by LSEG.

Meta sends mixed signals as quarterly sales beat estimates but outlook muted

Microsoft on Wednesday forecast disappointing growth in its cloud computing business, sending its shares down more than 5% as investors worry about big spending, elusive artificial intelligence revenue and growing competition from cheaper AI models from China.

Microsoft shares slide as cloud forecast, AI spending disappoint

(Jan 30): Stocks slipped and short-dated bond yields rose, though both pared bigger moves as early concern that the US Federal Reserve was growing more worried about inflation got tamped down by chair Jerome Powell.

Stocks fall on Fed day as tech mixed in late hours

The Bank of Japan made a significant step toward shrinking its massive balance sheet last week, while market watchers were fixated on the biggest interest rate increase from the central bank in 18 years. 

The BOJ decided on Friday to offer no new lending from July under its fund-provisioning program to stimulate bank lending.

BOJ to slice almost $500 billion off balance sheet with QT move

Federal Reserve Chair Jerome Powell made clear on Wednesday the US central bank intends to hold interest rates where they are for the foreseeable future, pointing to a number of reasons why he and his colleagues expect to take their time before lowering borrowing costs again.

Chief among them: the wide uncertainty over how President Donald Trump’s policies — in areas such as immigration, tariffs, fiscal policy and regulation — could upend their expectations for the economy.

Powell signals Fed on hold as Trump’s economic policies take shape

BRUSSELS (Jan 29): The European Commission presented on Wednesday its plans to reverse industrial decline in the bloc, and step up efforts to compete with the United States and China in new fields such as artificial intelligence (AI), to lower energy costs, and to cut red tape.

EU points way to competitive future to catch US, China rivals

(Jan 29): Thailand expects to complete its first high-speed rail network linking the country to China through Laos in 2030, a long-delayed project officials have touted as key to furthering bilateral relations and trade between the two nations.

Thai high-speed rail linking Bangkok to China eyes 2030 opening

<p>MILAN/ROME/DUBLIN/BERLIN (Jan 29): The Chinese artificial intelligence (AI) app DeepSeek could not be accessed on Wednesday in Apple and Google app stores in Italy, the day after the country's data protection authority requested information on its use of personal data.</p>


DeepSeek blocked on Apple and Google app stores in Italy

<p>(Jan 29): Thailand expects to complete its first high-speed rail network linking the country to China through Laos in 2030, a long-delayed project officials have touted as key to furthering bilateral relations and trade between the two nations.</p>


<p>WASHINGTON (Jan 29): The US&nbsp;trade deficit in goods widened to a record high in December, likely as businesses front-loaded imports of industrial supplies and consumer goods, in anticipation of broad tariffs from President Donald Trump's new administration.</p>


Record US goods trade deficit seen cutting into fourth-quarter GDP growth

<p>TOKYO (Jan 30): Asian share markets were mixed in thin trading on Thursday,&nbsp;as much of the region was on holiday for the Lunar New Year, while the US dollar trod water after the Federal Reserve signalled a pause in policy easing.</p>


<p>NEW YORK/BENGALURU (Jan 29): The S&amp;P 500 and the Nasdaq slipped on Wednesday, as losses in tech heavyweights Apple and Nvidia pressured broader gains and as cautious investors braced for the US&nbsp;Federal Reserve's interest-rate decision, expected later in the day.</p>


Tech majors drag on S&P 500, Nasdaq as Fed's rate verdict looms

<p>BRUSSELS (Jan 29): The European Commission presented on Wednesday its plans to reverse industrial decline in the bloc, and step up efforts to compete with the United States and China in new fields such as artificial intelligence (AI), to lower energy costs, and to cut red tape.</p>


<p>The Bank of Japan made a significant step toward shrinking its massive balance sheet last week, while market watchers were fixated on the biggest interest rate increase from the central bank in 18 years.&nbsp;</p>

<p>The BOJ decided on Friday to offer no new lending from July under its fund-provisioning program to stimulate bank lending.</p>


<p>KUALA LUMPUR (Jan 29): Global air cargo markets made significant strides last year, with demand rising 11.3% in cargo tonne-kilometres (CTK) compared to 2023, surpassing the record volumes set in 2021, according to the International Air Transport Association (IATA).</p>


IATA: Air cargo demand soars 11.3% in 2024, surpassing 2021 record

<p>Federal Reserve Chair Jerome Powell made clear on Wednesday the US central bank intends to hold interest rates where they are for the foreseeable future, pointing to a number of reasons why he and his colleagues expect to take their time before lowering borrowing costs again.</p>

<p>Chief among them: the wide uncertainty over how President Donald Trump’s policies — in areas such as immigration, tariffs, fiscal policy and regulation — could upend their expectations for the economy.</p>


<p>(Jan 30):&nbsp;Stocks slipped and short-dated bond yields rose, though both pared bigger moves as early concern that the US Federal Reserve was growing more worried about inflation got tamped down by chair Jerome Powell.</p>


<p>Microsoft&nbsp;on Wednesday forecast disappointing growth in its cloud computing business, sending its shares down more than 5% as investors worry about big spending, elusive artificial intelligence revenue and growing competition from cheaper AI models from China.</p>


<p>Meta&nbsp;Platforms&nbsp;META.O&nbsp;beat Wall Street expectations for fourth-quarter revenue on Wednesday but predicted sales in the current first quarter may not meet forecasts, sending mixed signals about how its bets on pricey artificial intelligence-powered tools are paying off.</p>

<p>The Facebook and Instagram parent company expects first quarter revenue between $39.5 billion and $41.8 billion, compared with analysts' average estimate of $41.72 billion, according to data compiled by LSEG.</p>


<p>MEXICO CITY (Jan 29): Meta Platforms on Wednesday said it has agreed to pay about US$25 million (RM109.75 million) to settle a lawsuit by President Donald Trump over the company's suspension of his accounts after the Jan&nbsp;6, 2021, attack at the US&nbsp;Capitol.</p>


<p>Being a top banker in the nation’s most important government-owned bank is a privileged position. Doors open as one wanders through the corridors of power, gourmet lunches served as the inner workings of politics and business are laid bare. A nod, a smile or the calculated silence — what more a s...