RAA Media

Singapore Exchange (SGX) has announced a landmark financial performance for the 2026 fiscal year, reporting historic all time highs in both revenue and net profit.  On Thursday, August 6, the exchange revealed that its net profit grew by 7.8% year on year to reach S698.4 million. This robust bottom line expansion was underpinned by an even stronger top line growth, with net revenue surging 13.9% to touch S1.5 billion, reflecting robust underlying business momentum across its core multi-asset ecosystem. The impressive financial results were driven by resilient activity across SGX's key operating segments, including equities, fixed income, currencies, and commodities (FICC), alongside its growing data and connectivity services.  Market participants displayed heightened engagement throughout the fiscal year, bolstering trading volumes and clearing activities.  This diversification strategy has consistently insulated SGX against broader regional macroeconomic volatilities, al...

United Overseas Bank (UOB) has announced a solid financial performance for the second quarter, posting a 10% increase in net profit to reach S1.48 billion and comfortably edging past Wall Street and analyst estimates.  The strong quarterly showing highlights the bank's operational resilience and steady income growth across its key Southeast Asian core markets. Alongside the upbeat earnings report, the lender declared an interim dividend of S0.88 per share for the period, rewarding shareholders for their continued confidence. The positive bottom line expansion was supported by healthy net interest income and a steady rise in fee based activities, driven by sustained wealth management and loan demand.  UOB’s disciplined approach to cost management and risk control further fortified its financial margins during a period of shifting macroeconomic conditions. This balance allowed the bank to navigate market uncertainties while continuing to capture quality growth opportunities acro...

Halima Dangote, the head of the Dangote family office and international offices, has disclosed that her billionaire father, Aliko Dangote, has permanently dedicated 33 percent of his wealth to his foundation.  In an interview with Bloomberg, she emphasized that this monumental step aligns seamlessly with Islamic law, highlighting how deeply her father values philanthropy and the necessity of sustaining humanitarian efforts across generations. She further explained that this substantial endowment is strategically aimed at boosting critical sectors of society, particularly healthcare and education, which serve as the fundamental pillars for sustainable human development.  According to her, this deliberate action demonstrates the family's unwavering commitment to giving back to the community and ensuring that charitable initiatives continue to thrive long into the future without interruption. Concluding her remarks, Halima noted that generosity is deeply embedded in their family ...