Latest news with #Saver
Business Times
a day ago
- Business
- Business Times
Grab reports Q2 2025 earnings of US$35 million on higher revenue and margins
[SINGAPORE] Superapp Grab reported Q2 2025 earnings of US$35 million, reversing from a loss of US$53 million in the same year-ago period. This was driven by operating profit and lower finance costs, and also partially offset by higher income tax expenses in Q2 2025. Revenue for the period grew 23 per cent to US$819 million from US$664 million the year prior. Operating profit also rose to US$7 million in Q2 2025 from a loss of US$56 million in Q2 2024. This was driven by higher revenue, improved margins, cost management and lower share-based compensation expenses. Adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) rose 69 per cent to US$109 million from US$64 million. This was driven by growth in on-demand gross merchandise value and revenue, and improving profitability on a segment adjusted Ebitda basis. Grab's guidance for revenue and adjusted Ebitda remains unchanged. The company is still guiding for revenue to be between US$3.3 billion and US$3.4 billion with a 19 to 22 per cent growth. Adjusted Ebitda is guided to be between US$460 million and US$480 million with a 47 to 53 per cent growth. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The company expects second half of 2025 to have a substantially stronger performance than the first half. On-demand gross merchandise value grew 21 per cent to US$5.4 billion in Q2 2025 from US$.4 billion in Q2 2024. Monthly transacting users also grew 13 per cent to 46.2 million in Q2 2025 from 40.9 million in Q2 2024. Partner incentives also grew 16 per cent to US$307 million in Q2 20255 from US$266 million in Q2 2024. Revenue for the financial segment grew 41 per cent to US$84 million in Q2 2025 from US$64 million in Q2 2024, the highest growth by percentage across Grab's business segments. This was driven by increased contributions from lending across GrabFin and the digital banks. The loan portfolio rose 78 per cent to US$708 million in Q2 2025 from US$397 million in Q2 2024. The total loans disbursed in Q2 2025 grew 44 per cent to US$721 million. Grab is guiding the loan portfolio to be above US$1 billion by the end of the year. This will be driven by personal lending products from all three digital banks, the buy now pay later product at GrabFin and the recently acquired small and medium enterprise lending business from Validus. Customer deposits in GXS and GX Banks hit US$1.5 billion in Q2 2025, from US$730 million in Q2 2024 and from US$1.4 billion in Q1 2025. Anthony Tan, chief executive officer and co-founder, Grab said: 'We will continue to execute on our strategy to drive product- and tech-led innovations to enhance the affordability and reliability of our services, further deepen user engagement and retention, while attracting new users to the Grab ecosystem.' The macroeconomic environment is top of mind at Grab, with the company leaning into affordability with its Saver product offerings across delivery and mobility. Grab's investments into its product has solidified its resilience and brought more users in. 'We are confident our strategy of focusing on user and partners, with a very user and partner centric lens for product development, will continue to drive sustainable and profitable growth for the business,' said Tan. Shares of Grab closed down 0.4 per cent or US$0.02 to US$5.29 on Wednesday.
The Irish Sun
24-07-2025
- The Irish Sun
Millions of PS5 fans receive new console button that instantly saves them money – but think twice before switching it on
2 MILLIONS of PS5 fans are to receive a mysterious new console button that instantly saves them money – but there's a catch. Sony is introducing the setting, which is rolling out in the next PS5 System Beta, in a soft launch. Advertisement 2 Sony bosses revealed the new option in a blog post Credit: Getty Power Saver, a new Sony bosses revealed the new option on their website this week. However, it won't actually be available even in beta, at least publicly. Games magazine IGN said the announcement looks to be "more of an acknowledgment that the feature is being worked on, then, ahead of it being spotted by users". Advertisement READ MORE IN TECH In a blog post, PlayStation's VP of Product Management Shuzo Kikuchi said he was delighted to announce the launch. "With this update, you may notice a new option in your settings menu called Power Saver," he said. "While this feature won't be available during the beta phase, once it officially launches, supported PS5 games will scale back performance and will allow your PS5 to reduce its power consumption when the feature is enabled optionally by gamers. "If not enabled, or if games do not support the feature, the performance will not be scaled back and power consumption will not be reduced." Sony did not release any further details of Power Saver other than to also confirm that Power Saver will not be compatible with the console's VR mode Advertisement Most read in Tech That will affect any customer who has bought a Sony said more details on which games will support Power Saver, and how game performance will be degraded should you choose to turn it on, will be announced in the future. "We'll share more details on this new option as we get closer to launch," Kikuchi concluded, "including supported PS5 games and estimated impact, so stay tuned!" Get an inside look at the new PS5 30th anniversary edition Why is Sony doing this? In its blog post, the company highlighted its "Road to Zero" environmental plan that includes a target for the company to reduce its greenhouse gas emissions to net-zero by 2040. Advertisement The post added:" At [Sony Interactive Entertainment], we are committed to Sony's 'Road to Zero' environmental plan , launched in 2010, which includes achieving net-zero greenhouse gas (GHG) emissions by 2040. " We are always exploring how we can contribute to these goals through our products and services. " But the option has also been linked to the continuing rumours that Sony is once again planning a PlayStation handheld device. "The ability for Sony to get some of its PS5 games running at a lower spec on its main home console would be a useful test for a more lightweight handheld," IGN reported. Advertisement "Whatever the reason, and whether Sony end up launching a PlayStation handheld or not, it's going to be fascinating to compare the performance of PS5 games running with Power Saver enabled, especially with Xbox Series X, and the already lower-power Xbox Series S." Four PS Plus games to be axed – download NOW Four games will be axed from PlayStation Plus as part of a huge shake-up to the digital library. Sony warned gamers that the titles will be removed in days - leaving millions of subscribers with a fast-approaching deadline to download or lose out. Fans have until August 6 to claim this month's PS Plus Essential games before they're replaced. The titles getting the boot are: Boarderlands 3 NHL 24 Among Us Tiny Tina's Wonderlands (Next-Level Edition)
Scottish Sun
24-07-2025
- Scottish Sun
Millions of PS5 fans receive new console button that instantly saves them money – but think twice before switching it on
Switch is linked to PlayStation's drive for Net Zero by 2040 POWER UP Millions of PS5 fans receive new console button that instantly saves them money – but think twice before switching it on Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) 2 MILLIONS of PS5 fans are to receive a mysterious new console button that instantly saves them money – but there's a catch. Sony is introducing the setting, which is rolling out in the next PS5 System Beta, in a soft launch. 2 Sony bosses revealed the new option in a blog post Credit: Getty Power Saver, a new PlayStation 5 game setting will reduce your console's overall power consumption – but users are being warned it will also "scale back performance" of supported games. Sony bosses revealed the new option on their website this week. However, it won't actually be available even in beta, at least publicly. Games magazine IGN said the announcement looks to be "more of an acknowledgment that the feature is being worked on, then, ahead of it being spotted by users". In a blog post, PlayStation's VP of Product Management Shuzo Kikuchi said he was delighted to announce the launch. "With this update, you may notice a new option in your settings menu called Power Saver," he said. "While this feature won't be available during the beta phase, once it officially launches, supported PS5 games will scale back performance and will allow your PS5 to reduce its power consumption when the feature is enabled optionally by gamers. "If not enabled, or if games do not support the feature, the performance will not be scaled back and power consumption will not be reduced." Sony did not release any further details of Power Saver other than to also confirm that Power Saver will not be compatible with the console's VR mode That will affect any customer who has bought a PlayStation VR2 headset. Sony said more details on which games will support Power Saver, and how game performance will be degraded should you choose to turn it on, will be announced in the future. "We'll share more details on this new option as we get closer to launch," Kikuchi concluded, "including supported PS5 games and estimated impact, so stay tuned!" Get an inside look at the new PS5 30th anniversary edition Why is Sony doing this? In its blog post, the company highlighted its "Road to Zero" environmental plan that includes a target for the company to reduce its greenhouse gas emissions to net-zero by 2040. The post added:"At [Sony Interactive Entertainment], we are committed to Sony's 'Road to Zero' environmental plan, launched in 2010, which includes achieving net-zero greenhouse gas (GHG) emissions by 2040. " We are always exploring how we can contribute to these goals through our products and services." But the option has also been linked to the continuing rumours that Sony is once again planning a PlayStation handheld device. "The ability for Sony to get some of its PS5 games running at a lower spec on its main home console would be a useful test for a more lightweight handheld," IGN reported. "Whatever the reason, and whether Sony end up launching a PlayStation handheld or not, it's going to be fascinating to compare the performance of PS5 games running with Power Saver enabled, especially with Xbox Series X, and the already lower-power Xbox Series S."
Malaysian Reserve
18-07-2025
- Business
- Malaysian Reserve
Fly to Korea with T'way Air's Summer Vacation Deals from Hong Kong
Book by July 31 to Enjoy Savings and Bonus Coupons on Hong Kong – Seoul Flights HONG KONG, July 18, 2025 /PRNewswire/ — T'way Air, Korea's leading low-cost carrier, has launched its 'Summer Vacation Deals' promotion on its website. Valid through July 31, the offer applies to Hong Kong–Incheon (Seoul) flights for travel through March 28, 2026. T'way Air operates daily flights between Hong Kong and Incheon (Seoul) using A330-200 and A330-300 aircraft. Flight departs Hong Kong at 12:40 a.m. arriving in Seoul at 5:30 a.m. local time, while return flights leave Incheon at 8:05 p.m. and land in Hong Kong at 11:15 p.m. The A330-300 offers enhanced comfort with 12 flat-bed Business Saver seats with extra legroom, power outlets and reading lights, ensuring more relaxed journey for travelers. T'way Air offers three limited-time coupons through July 31: HKD 140 Off Coupon: valid on bookings of HKD 1,400 or more, travel through March 28, 2026. HKD 80 Off Coupon: valid on bookings of HKD 800 or more, travel through March 28, 2026. HKD 200 Early Bird Coupon: valid on bookings of HKD 1,400 or more, travel period September 1 – March 28, 2026. Plus, passengers entering promo code VACAY12 at booking will save up to 12% (actual savings vary with the exchange rate at purchase). From sizzling street food at Gwangjang Market to the timeless beauty of Changdeokgung Palace, Seoul offers a vibrant mix of culture, history, and flavor that captivates every traveler. Down south, Busan's laid-back beach vibe and Jeju Island's quiet natural beauty offer a refreshing summer retreat. Whether you are a foodie, a history lover, or a k-pop enthusiast, South Korea welcomes travelers with open arms. For full flight schedules, coupon terms, and booking details, visit T'way Air currently serves 60 destinations worldwide and continues to expand its network. About T'way Air T'way Air Co., Ltd., headquartered in Daegu, South Korea, is a leading low-cost carrier (LCC) providing affordable and reliable air travel since 2010. T'way Air serves customers across East Asia, Southeast Asia, Central Asia, Oceania, and Europe with a modern fleet of Boeing 737-800s, 737 MAX 8s, and Airbus A330s, and Boeing 777-300ERs. T'way Air continues to expand its global network, offering great value to passengers worldwide. For more information, please visit Media ContactT'WAY AIR Public Relationstwaypr@
Daily Record
15-07-2025
- Business
- Daily Record
Saga to launch new over-50s savings products in partnership with NatWest
The savings product will replace Saga's current instant access offering provided by Goldman Sachs for new customers. Saga has unveiled a seven-year tie-up with banking giant NatWest to launch a range of savings products for the over-50s. Saga will team up with NatWest Boxed - NatWest's banking-as-a-service business. Saga, which offers cruises through to insurance services for people over 50, said an instant access savings product would be the first to launch under the partnership later this year, with further savings offerings and other financial products also to be introduced. 'This collaboration will enable Saga to offer easy-to-use products and services, drive increased volume and improved commercial terms, and deliver accessible and reliable customer service,' Saga said. The savings product will replace Saga's current instant access offering provided by Goldman Sachs for new customers. Saga said there will be no change for customers who already hold a Saga instant access account, and the Goldman Sachs contract will not end until September 2028. Jerry Toher, chief executive of Saga Money, said: 'As the UK's specialist in providing products for people over 50, this launch is an exciting next step in enhancing our money offer. This will further strengthen our position in providing competitive and flexible savings products, ensuring that Saga remains the most trusted brand for people over 50 in the UK.' Andrew Ellis, chief executive of NatWest Boxed, added: 'Trusted brands are well positioned to reward customers for their loyalty, while keeping their best interests at heart. This partnership is a testament to how leading firms, like Saga, can deploy new technology like embedded finance to offer specialised products and services.' London-listed Saga struck a 20-year partnership for motor and home insurance with Belgian firm Ageas late last year, while also agreeing to sell its underwriting business Acromas to the group, which will complete at the end of the month. Check your savings Personal finance site Finder is warning savers to act now or risk missing out, as two of the UK's biggest banks will drop their savings rates this week, with a further two banks dropping rates next week. Finder experts have been tracking savings rate changes and nine popular banks, including the 'big four', have all either slashed rates since the last interest rate cut or scheduled a drop in their savings rates. Eight accounts at NatWest and Royal Bank of Scotland (RBS) will be impacted from today - July 15, including four instant access savings products, with both banks lowering the rate on these offerings from 1.25 per cent to 1.15 per cent. Other accounts affected include children's savings accounts, where the rates will be dropping from 2.25 per cent to 2.05 per cent. Finder also said that customers at HSBC and Co-op Bank should also be prepared for rate drops this month. The rates on two HSBC accounts - Flexible Saver and Online Bonus Saver - are going from 1.35 per cent to 1.3 per cent on July 21. Meanwhile, four different Co-op Bank savings rates will be slashed on July 23, with the Online Saver and Online Cash ISA dropping from 2.34 per cent to 2.12 per cent, and the Cash ISA and Smart Saver dropping from 1.62 per cent to 1.53 per cent. The decision to lower these rates came after the Bank of England made the decision to cut the base rate from 4.5 per cent to 4.25 per cent in May, although the base rate was held at the most recent meeting in June. Kate Steere, personal finance expert at Finder, said: 'If you were earning the new NatWest or RBS rate of 1.15 per cent AER with the amount we found the average Brit has saved (£16,067), you'd get just £185 in interest over the course of a year. There are much more competitive rates available. 'For example, if you opened a Plum Cash ISA with a rate of 4.98 per cent AER (including a 12-month 1.69% bonus) using the £16,000, you could earn up to just over £800 in interest over the year (dependent on any rate changes) - a potential £600 boost to your savings. 'Lots of analysts are predicting a further cut to the base rate in August. With the next meeting less than a month away, it's essential to act fast if you want to get the most from your savings. 'Variable rates are subject to change so if you are still looking to use your 2025/26 ISA allowance - and you can afford to lock your cash away - now is also a great time to seek out a good deal on a fixed-rate ISA. 'Using the full tax-free allowance is more important than ever with reports that Rachel Reeves will announce a cut to the Cash ISA limit in her Mansion House speech next week. Currently, Cynergy Bank is offering 4.32 per cent AER for a 1-year fix.'
