<div class=newsTextDataWrapInner><p>SINGAPORE (May 18): CGS-CIMB Research is maintaining its “Add” call on Singapore Airlines (SIA), with a target price of S$11.75.</p></div>

<div class=newsTextDataWrapInner><p>The airline company yesterday announced it has reversed out of the red with 4Q18 earnings of S$181.8 million, from losses of S$138.3 million in 4Q17, as FY18 earnings more than doubled from a year ago to S$892.9 million.</p></div>

<div class=newsTextDataWrapInner><p>4Q17/18 revenue rose 8.2% to S$4.02 billion, from S$3.71 billion a year ago, on the back of stronger passenger and cargo flown revenue, partially offset by<a href="https://www.theedgesingapore.com/singapore-airlines-expected-keep-competitive-edge-despite-higher-oil-prices" target="_blank"><em>...(click on link for full story on theedgesingapore.com)</em></a></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>


SINGAPORE (May 18): CGS-CIMB Research is maintaining its “Add” call on Singapore Airlines (SIA), with a target price of S$11.75.

The airline company yesterday announced it has reversed out of the red with 4Q18 earnings of S$181.8 million, from losses of S$138.3 million in 4Q17, as FY18 ...

Singapore Airlines expected to keep competitive edge despite higher oil prices

WASHINGTON (April 19): Donald Trump said on Thursday the survival of Ukraine is important to the United States, a shift in tone days before the Republican-led U.S. House of Representatives is due to vote on a $61 billion aid package.

The former president did not endorse the package, and...

Donald Trump says Ukraine's survival is important to US

(April 19): The Indonesian government is working with central bank governor Perry Warjiyo to cushion the country’s economy from the rise in the US dollar, according to its finance minister.

“We work very closely with Governor Perry,” Finance Minister Sri Mulyani Indrawati said in a Bloo...

Indonesian finance chief aims to shield economy from dollar rise

(April 19): A trader accused of exploiting Mango Markets rules to steal US$110 million from the exchange was convicted of fraud in the first US trial involving criminal charges tied to cryptocurrency manipulation.

Federal jurors in New York on Thursday found Avraham Eisenberg, 28, guilt...

Crypto trader convicted in US$110 million Mango Markets fraud

UNITED NATIONS (April 19): The United States on Thursday effectively stopped the United Nations from recognizing a Palestinian state by casting a veto in the Security Council to deny the Palestinian Authority full membershipof the world body.

The United States says an independent Palest...

US stops UN from recognizing a Palestinian state through membership

NEW YORK (April 19): U.S. stocks vacillated on Thursday, swinging from red to green and back as investors contended with the push-pull of a strong economy and restrictive Federal Reserve policy.

Benchmark Treasury yields resumed their climb and gold added strength as ongoing turmoil in ...

Wall St closes lower; gold climbs amid economic, geopolitical crosswinds

Chinese government-linked hackers have burrowed into US critical infrastructure and are waiting "for just the right moment to deal a devastating blow," FBI director Christopher Wray said on Thursday.

FBI says Chinese hackers preparing to attack US infrastructure

US stocks closed near the unchanged mark on Thursday, as investors sifted through the latest corporate earnings, while economic data and comments from Federal Reserve officials suggested the central bank was unlikely to cut interest rates in the near future.

Stocks end near flat as investors assess earnings, data

Atalanta progressed to the Europa League semi-finals despite losing 1-0 to Liverpool on Thursday as they triumphed 3-1 on aggregate to move one step closer to a first ever European final for the Serie A side.

Liverpool eliminated as Atalanta book Europa League semi-final place

LILLE (April 19): Aston Villa goalkeeper Emiliano Martinez saved two spot kicks and survived a bizarre red card incident as his side beat French club Lille on penalties to reach the Europa Conference League semi-finals on Thursday.

A chaotic match ended 3-3 on aggregate after Lille's 2-...

Martinez avoids red card, saves penalties to send Villa into semis

A Florida jury on Thursday concluded that Johnson & Johnson's baby powder talc product did not cause the ovarian cancer of a Florida woman who died in 2019.

J&J wins trial over Florida woman who claimed its baby powder caused her cancer

<p>Digital payment and financial technology provider Ant International is going to establish what it calls a new digital business centre in Malaysia, creating more than 500 job opportunities in the first year, with more hirings in the next four years until 2028.</p>


Ant International to set up new business centre in Malaysia, creating over 500 jobs

<p>Malaysia’s current tallest building, the Merdeka 118 tower, has been awarded the Leadership in Energy and Environmental Design (LEED) Platinum certification in the LEED v2009 Core and Shell rating system, marking it as the first megatall building in the country to achieve it, according to a press statement on Thursday.&nbsp;</p>


Merdeka 118 first megatall building in Malaysia to get LEED Platinum certification

<p>KUALA LUMPUR (April 18): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:</p>

<p>Datuk Farhash Wafa Salvador, former political aide to Prime Minister Datuk Seri Anwar Ibrahim, has ceased to be a substantial shareholder of <strong>HeiT...

HeiTech Padu, Axiata, AmanahRaya REIT, AmFirst REIT, RHB Bank, 7-Eleven Malaysia, MBSB, Awantec, MAA Group, UMediC, Systech, Pansar, Auro, Kimlun and AWC

<p>KUALA LUMPUR (April 18): AwanBiru Technology Bhd (Awantec) said trading in its shares will be suspended from April 26, after the group failed to submit its regularisation plan to the regulators for approval within the stipulated timeframe.</p>


Awantec faces trading suspension from April 26 after failing to submit regularisation plan

<p>After spending over two years in court due to a suit from Empire Holdings Ltd, MAA Group Bhd, its major shareholder Tunku Datuk Yaacob Khyra and Turiya Bhd have been dropped as parties in the suit over MAA’s purchase of Turiya shares from a Bahrain-based bank. &nbsp;</p>


MAA Group exits legal bout over 2021 Turiya share acquisition under settlement deal

<p>Engineering services provider AWC Bhd has bagged two contracts worth a total of RM19.39 million for plumbing works at Hospital Kapar in Selangor and a data centre in Cyberjaya.</p>

<p>In a statement on Thursday, AWC said the Hospital Kapar job was awarded to its wholly-owned subsidiary Qudotech Sdn Bhd by the project's main contractor, IJM Corp Bhd's unit IJM Construction Sdn Bhd.</p>


AWC secures plumbing jobs at Hospital Kapar and Cyberjaya data centre

<p>High-impact projects such as the Johor-Singapore Special Economic Zone (JS-SEZ) and&nbsp;Special Financial Zone&nbsp;(SFZ) in Forest City can spur Johor’s economy to outpace that&nbsp;of other states in the next one to two years, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


Special economic, financial zones can help Johor surpass other states economically, says Anwar

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<p class="thumb-cap">E...

EVENING 5: Five things you need to know today

<p>Bursa Malaysia Securities Bhd has approved the transfer of UMediC Group Bhd’s listing status from the ACE Market to the Main Market, under the 'health care'&nbsp;sector.</p>


Bursa approves UMediC’s transfer to Main Market

<p>A former technician was brought before the Sessions Court again here on Thursday on a charge of posting offensive messages insulting Islam on his Facebook account in&nbsp;March, regarding the sale of stockings bearing the word 'Allah'.</p>


'Allah' socks insults: Former technician brought before Sessions Court again

<p>The developer of the&nbsp;Petaling Jaya Dispersal Link (PJD Link) expressway will receive an official letter soon, notifying it of the cancellation of the construction project.</p>


PJD Link developer to get official letter soon on cancellation, says Nanta

<p>Swiss state prosecutors are seeking long prison terms for two men accused of embezzling US$1.8 billion from 1Malaysia Development Bhd (1MDB) — Saudi-Swiss businessman Tarek Obaid and his Swiss-British business partner Patrick Mahony, the AFP reported.</p>


Swiss prosecutors seek long jail terms for duo in US$1.8bil 1MDB fraud — report

<p>The allocations that the government has agreed to consider extending to elected representatives from the opposition are subject to terms and conditions, said DAP Parliament chief whip Nga Kor Ming.</p>


Nga: Proposed allocations for opposition reps conditional

<p><br />
KUALA LUMPUR (April 18): 7-Eleven Malaysia Holdings Bhd, known for its extensive network of convenience stores, declared on Thursday an interim dividend of 2.7 sen per share for its financial year ended Dec 31, 2023 (FY2023), after posting a record high net profit.</p>


7-Eleven declares 2.7 sen dividend for FY2023

<p>(April 18):&nbsp;The world of chocolate is facing such immense cocoa shortages that the wild trading lured an unlikely player&nbsp;—&nbsp;Pierre Andurand, a hedge-fund manager best known for his bets on oil.&nbsp;</p>


Why the world of chocolate is in crisis

<p>FE Green Pet (M) Sdn Bhd’s new high-tech recycling factory is expected to make Melaka a green investment destination and complement the economic growth strategy in the state, said Melaka Chief Minister Datuk Seri Ab Rauf Yusoh.</p>

<p>He said with an investment totalling approximately RM958 million, the plant on 14 hectares of land is projected to be completed by 2Q 2025, creating almost 500 jobs.</p>


RM958 mil high-tech recycling factory puts Melaka on green investors map — Ab Rauf

<p>Kimlun Corporation Bhd has bagged a construction contract worth RM150 million for a serviced apartment development project in Johor Bahru.</p>

<p>In a bourse filing on Thursday, Kimlun said its wholly-owned subsidiary Kimlun Sdn Bhd received the award as the main contractor for the Aliva Mount Austin residential project from Astaka Development Sdn Bhd, a subsidiary of Singapore-listed Astaka Holdings Limited.</p>


Kimlun bags RM150 mil contract for residential construction project in Johor

<p>More than a year after it diversified into the sand dredging business, timber products manufacturer Auro Holdings Bhd (formerly known as NWP Holdings Bhd) is proposing to venture into the food and beverage (F&amp;B) business.</p>

<p>The proposed diversification is aimed at expanding its revenue stream and reducing its reliance on the wood-based and sand mining industries, said the loss-making company in a bourse filing on Thursday. &nbsp;</p>


Auro forays into F&B business to cut dependence on wood-based and sand mining industries

<p>The Penang government will wait&nbsp;for&nbsp;recommendations from the&nbsp;undersea tunnel project&nbsp;steering committee before making any decision&nbsp;regarding the implementation of the project, said&nbsp;Chief Minister&nbsp;Chow Kon Yeow.</p>


Undersea tunnel: Penang to wait for steering committee's recommendations, says Chow

<p>（吉隆坡18日讯）马建屋（Malaysia Building Society Bhd）建议在截至2023年12月31日财年（2023财年）派发每股3.5仙终期股息，总值2亿8778万令吉。</p>
