Business
Mapletree Logistics Trust Q2 DPU falls to S$0.01815
The manager of Mapletree Logistics Trust (MLT) announced a distribution per unit (DPU) of S$0.01815 for the trust’s second quarter ended…
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Business
Business
Amazon confirms massive job losses in corporate division
Amazon has confirmed it plans to cut thousands of jobs, saying it needs to be "organised more leanly" to seize the opportunity provided by…
Business
Bank of China delivers 5% gain in profit as margin stabilises
Bank of China reported a 5 per cent increase in third-quarter profit, as the lender managed to stabilise its net interest margin despite…
Business
Musk launches Grokipedia, accusing Wikipedia of ideological bias
Elon Musk’s company xAI launched Grokipedia on Monday (Oct 27) to compete with online encyclopedia Wikipedia, which he has accused of…
Business
New AI lab focused on energy efficiency launched by Univers with Microsoft, AMD, NUS as partners
Resource and carbon management solution provider will bring in its AI and IoT solutions, and oversee the delivery of all projects A new…
Business
Ping An profit rises as stock rally lifts investment returns
Net income climbed to 132.9 billion yuan (S$24.2 billion), from 119.2 billion yuan a year earlier Ping An Insurance (Group) said profit…
Business
Singapore stocks rise as markets cheer US-China trade truce; STI up 0.2%
Across the broader market, losers outnumber gainers 313 to 292, after 1.8 billion securities worth S$1.8 billion change hands Local stocks…
Business
Intel CEO Tan Lip-Bu pledges to ‘refocus’ chip giant on AI, foundry
Intel chief executive officer Tan Lip-Bu said he is working to “refocus” the beleaguered chip company on engineering after its struggles…
Business
Is having too much money immoral? Research shows it depends on your values and where you live
Across cultures, people often wrestle with whether having lots of money is a blessing, a burden, or a moral problem. According to our new…
Business
Majid Al Futtaim at 30: From Landlord to Lifestyle Leader
Over the course of three decades, Majid Al Futtaim has welcomed 600 million visitors annually across 29 shopping destinations, making them…
Business
First Sponsor posts 1.3% rise in Europe portfolio Q3 operating income, lacklustre China property development sales
China property development projects’ pre-sales and sales show ‘no meaningful improvement’ as weak market sentiment persists Property…
Business
China’s cheap air fares hurt profit recovery for state carriers
Stubbornly cheap international air fares for Chinese travellers are hurting attempts by the country’s biggest carriers to claw their way…
Business
Nomura profit beats estimates on stock trading, M&A advisory
Nomura Holdings’ profit beat analysts’ expectations last quarter, buoyed by equity trading and advising on mergers. Net income fell 6.4…
Business
Only 18% of investors rate SGX listcos’ disclosures as ‘very transparent’ despite quarterly engagements: study
Research by Stewardship Asia Centre also highlights a disconnect between investors and corporates on key priorities Transparency has…
Business
BYD’s mini-car ambitions may be a wake-up call for Japan
The company plans to debut its all-electric ‘kei’ car at the Japan Mobility Show BYD’s Japanese mini-car will not go on sale until the end…
Business
Singapore's Lighthouse Canton to invest over US$1.5b in India; eyes private credit, real estate
Singapore-based asset manager Lighthouse Canton plans to invest over US$1.5 billion in India in the next few years, with a focus on…
Business
Singapore's Lighthouse Canton to invest over US$1.5 billion in India; eyes private credit, real estate
Singapore-based asset manager Lighthouse Canton plans to invest over US$1.5 billion in India in the next few years, with a focus on…
Business
Indonesia’s Chandra Asri in talks with lenders to fund US$1 billion deal to buy Singapore’s Esso stations
Chandra Asri Pacific, an Indonesian energy and chemicals firm, is in talks with competing consortiums of lenders for loans to back its…
Business
Novartis Q3 operating income up 6% on new drug sales
Third-quarter operating income, adjusted for special items, rose to US$5.46 billion Swiss drugmaker Novartis, on a deal-making spree this…
Business
Autumn Nations Series: Henry Pollock and Noah Caluori among five young England X-factor stars
One Prem start was enough for the teenage sensation to gain a spot in Borthwick's squad. Five tries against Sale Sharks on his first Prem…
Business
You’ve landed an interim exec job. How to make it permanent
The announcement came suddenly on Thursday. A Fortune 500 technology client needed an interim CFO immediately. Its previous executive had…
Business
HSBC is bullish on 2025 despite hit from Madoff provision
HSBC Holdings raised its profitability outlook for 2025 even as earnings slid following an unexpected US$1.1 billion provision tied to…
Business
Citigroup to tie up with Coinbase to boost digital payments for institutional clients
Citigroup and cryptocurrency exchange Coinbase plan to collaborate on digital asset payment solutions for the US bank’s institutional…
Business
Sunseap founder’s firm teams up with Chinese nuclear giant on Indonesian solar import project
Frank Phuan’s Equator Renewables Asia is set to import clean power from the Riau Islands into Singapore Equator Renewables Asia – a new…