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[SINGAPORE] Japanese food and beverage (F&B) operator Food Innovators Holdings (FIH) posted a net loss of S$4.1 million for FY2025 ended Feb 28, in a company report on Thursday (Jun 12) with its audited financial statement for the period. The loss was attributed to the underprovision of certain expenses, such as unrealised foreign exchange losses, depreciation, share options expenses and other administrative expenses of the company. This is a turn from the S$1.4 million net profit the group recorded in FY2024, and S$43.8 million in revenue for FY2024. The group’s audited statement for FY2025 noted that net cash generated from…

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TOKYO :SBI Shinsei Bank, a unit of SBI Holdings, plans to file as early as next month for a relisting on the Tokyo Stock Exchange, two people familiar with the matter said.The bank, which is aiming to go public again by the end of the year, would follow a series of sizeable listings in Japan over the past year as companies look to capitalise on market momentum that has seen the Nikkei share average trade near record highs.SBI Shinsei’s predecessor went bankrupt in 1998 and was nationalised. It became a subsidiary of SBI Holdings in 2021 and was delisted in…

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GOLD prices climbed on Friday to their highest point in more than a month, on track for a weekly gain, as investors sought safe-haven assets after Israel’s strike on Iran heightened Middle East tensions.Spot gold was up 1.3 per cent at US$3,428.28 an ounce, as of 0134 GMT, after hitting its highest level since May 7 earlier in the session. Bullion has gained more than 3.5 per cent so far this week.US gold futures gained 1.4 per cent to US$3,449.60.Geopolitical tensions escalated after Israel struck Iran as tensions mounted over U.S. efforts to halt Iran’s production of atomic bomb materials.“This latest spike in hostilities in…

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JETSTAR Asia’s departure shows that Singapore cannot take its competitiveness as an air hub for granted – and suggests that it can do more to attract and retain airlines. On Wednesday (Jun 11), Jetstar Group announced that its Singapore-based low cost carrier (LCC) Jetstar Asia (JSA) will cease operations this Jul 31. Changi’s high airport fees were one reason cited, along with increased supplier costs and regional competition.With the loss of JSA, the only remaining Singapore-based carriers are those of the Singapore Airlines Group: Singapore Airlines, Scoot and Singapore Airlines Cargo.As at the first week of June, JSA operates around…

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Impeachment remains in limbo after the holidays – CBS News Watch CBS News When the Senate returns in January, one of the first orders of business will be impeachment. The trial remains in limbo, however, as House Speaker Nancy Pelosi waits to send the articles of impeachment to the Senate. National correspondent Chip Reid reports on why she has delayed that next step. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

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BATON ROUGE, La. — Louisiana Attorney General Liz Murrill announced Thursday she is investigating whether pharmaceutical giant CVS improperly used customers’ personal information to send out text messages lobbying against a proposed state law.Murrill also said she plans to issue a cease-and-desist letter to the company to stop the messages.As lawmakers debated a now-failed bill on Wednesday they held up screenshots of text messages sent by CVS. “Last minute legislation in Louisiana threatens to close your CVS Pharmacy — your medication cost may go up and your pharmacist may lose their job,” one such text, obtained by The Associated Press,…

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TOKYO :Top Japanese tea brand Ito En’s latest push to win over health-conscious U.S. customers with its traditional unsweetened brew has hit a new road bump: President Donald Trump’s trade tariffs.The company, which splashed out on a tie-up with Major League Baseball star Shohei Ohtani and launched a less bitter tea to capture a bigger slice of the lucrative growth market, is now debating whether to hike prices or move some production across the Pacific, executives said in interviews with Reuters.The dilemmas facing Ito En can be found across Japan, the biggest foreign investor in the United States, as Tokyo’s…

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