<blockquote class="blockquote">SIA and Scoot carried 17.4 mil passengers in April-September, up 52.3% y-o-y.</blockquote>

<div class=newsTextDataWrapInner><p>SINGAPORE (Nov 7): Singapore Airlines (SIA) has posted record half-yearly net profit of S$1.44 billion (RM4.97 billion) in the first half ended Sept 30 (1HFY2024), up 26.9% year-on-year, with robust demand for air travel continuing into the Summer travel season, led by the rebound in passenger traffic to North Asia with the full reopening of China, Hong Kong SAR, Japan and Taiwan.</p></div>

<div class=newsTextDataWrapInner><p>For the period, group passenger load factor (PLF) improved by 5.8 percentage points to 88.8%, the highest ever half-yearly PLF recorded by SIA.</p></div>

<div class=newsTextDataWrapInner><p>SIA and Scoot carried 17.4 million passengers in the first six months of FY2024, 52.3% higher than a year before while passenger traffic grew 38.0% compared to 1HFY2023, outpacing the capacity expansion of 29.0%<em><a href="https://www.theedgesingapore.com/capital/results/sia-posts-record-half-year-net-profit-144-bil-1hfy2024" target="_blank">...(click on link for full story on theedgesingapore.com)</a></em></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>


Singapore Airlines (SIA) has posted record half-yearly net profit of S$1.44 billion (RM4.97 billion) in the first half ended Sept 30 (1HFY2024), up 26.9% year-on-year, with robust demand for air travel continuing into the Summer travel season, led by the rebound in passenger traffic to North Asia with the full reopening of China, Hong Kong SAR, Japan and Taiwan.

Singapore Airlines posts record net profit of S$1.44 bil for 1HFY2024

US Treasury Secretary Janet Yellen firmly rejected an accusation from the economist Nouriel Roubini that her department has manipulated the issuance of Treasury securities in a way that lowers real borrowing costs across the economy.

Yellen rejects Roubini claim of ‘manipulation’ in Treasuries

China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky economic recovery.

China's industrial profits post faster gains in June despite faltering economy

US Treasury Secretary Janet Yellen said on Friday that she opposes shifting global tax deal negotiations away from the Organisation for Economic Cooperation and Development (OECD) to the United Nations (UN), pushing back against the desires of some developing countries and non-profit groups.

Keep global tax negotiations at OECD, not UN, Yellen says

The main focus this week will be the US Federal Open Market Committee (FOMC) meeting on July 30 and 31.

The Week Ahead: FOMC meeting in focus, US Democratic presidential candidate could be announced

For years, Thai equities stood tall as one of Southeast Asia’s largest stock markets. That bullish story is fast unravelling, and not even cheap valuations can save the day.

World-lagging Thai stocks see investors moving money into regional rivals

Rattled investors are bracing for earnings from the market’s biggest tech companies, a Federal Reserve (Fed) policy meeting and closely watched employment data in a week that could determine the near-term trajectory of US stocks following a bout of severe turbulence.

Spooked US stock market faces tech earnings minefield, Fed meeting

Oil futures fell about 1.5% on Friday, finishing the week lower on declining Chinese demand and hopes of a Gaza ceasefire agreement that could ease Middle East tensions and accompanying supply concerns.

Oil falls 1.5%, ends week lower on China demand fears

A gauge of global stocks climbed for the first time in four sessions on Friday as equities steadied after a sharp selloff and US economic data showed an improving inflation landscape, sending Treasury yields lower.

US inflation data lifts global stocks, lowers Treasury yields

Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week's pummeling, while a largely in-line key inflation reading kept bets for an early start to interest-rate cuts alive.

Wall Street closes up on revival supported by inflation data, tech stocks

Sarawak certainly had more good reasons to celebrate its 61st year of independence last Monday (July 22).

In conjunction with the celebration, the state saw the inauguration of a new methanol plant in Bintulu and the signing of gas sales agreements — the first after state-owned Petroleum Sarawak Bhd (Petros) became the sole gas aggregator, taking over from Petroliam Nasional Bhd (Petronas).

A major win in Sarawak’s bid to reclaim rights

<p>Sarawak certainly had more good reasons to celebrate its 61st year of independence last Monday (July 22).</p>

<p>In conjunction with the celebration, the state saw the inauguration of a new methanol plant in Bintulu and the signing of gas sales agreements — the first after state-owned Petroleum Sarawak Bhd (Petros) became the sole gas aggregator, taking over from Petroliam Nasional Bhd (Petronas).</p>


<p>SARAWAK expects to formalise a deal to raise its stake in Affin Bank Bhd to about 30% in about a month, according to the state’s premier Tan Sri Abang Johari Openg.</p>

<p>In an exclusive interview with The Edge in Kuala Lumpur last Friday (July 19), Abang Johari said the state is committed to...

Premier: Sarawak expects to ink S&P on Affin Bank deal in a month

<p>For years, Thai equities stood tall as one of Southeast Asia’s largest stock markets. That bullish story is fast unravelling, and not even cheap valuations can save the day.</p>


<p>Treasuries are rising at the end of a volatile week as the Federal Reserve’s favourite inflation gauge cemented traders’ expectations for an interest-rate cut in September.</p>

<p>The advance pushed yields lower across the curve on Friday, with two- and 10-year yields down by about five basis points (bps) to 4.38% and 4.2%, respectively.</p>


Treasuries rally as data points to a September rate cut

<p>The main focus this week will be the <b>US Federal Open Market Committee</b> (FOMC) meeting on July 30 and 31.</p>


<p>Rattled investors are bracing for earnings from the market’s biggest tech companies, a Federal Reserve (Fed) policy meeting and closely watched employment data in a week that could determine the near-term trajectory of US stocks following a bout of severe turbulence.</p>


<p>China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky economic recovery.</p>


<p>US Treasury Secretary Janet Yellen firmly rejected an accusation from the economist Nouriel Roubini that her department has manipulated the issuance of Treasury securities in a way that lowers real borrowing costs across the economy.</p>


<p>US Treasury Secretary Janet Yellen said on Friday that she opposes shifting global tax deal negotiations away from the Organisation for Economic Cooperation and Development (OECD) to the United Nations (UN), pushing back against the desires of some developing countries and non-profit groups.</p>
