Business
SingPost divests freight forwarding business Famous Holdings for S$177.9 million
Sale results in estimated realised gain on disposal of S$10.5 million and about S$104 million in cash Singapore Post (SingPost) has…
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Business
Business
DFI Retail Group posts 38.9% rise in H1 underlying profit
Supermarket and retail store operator DFI Retail Group’s underlying profit rose 38.9 per cent to US$105 million for the first half ended…
Business
DFI Retail Group posts 38.9% rise in H1 underlying profit, pays special dividend of US$0.443 a share
Supermarket and retail store operator DFI Retail Group’s underlying profit rose 38.9 per cent to US$105 million for the first half ended…
Business
Food bills on course to rise by £275 a year as prices jump
Tom Espiner BBC business reporter The average household spend on food and drink is on course to rise by £275 this year, prompting shoppers…
Business
General Motors’ profit slides by 32% in second quarter, and Trump’s tariffs are to blame
General Motors’ second-quarter core profit fell 32% to $3 billion on Tuesday, as the automaker continued to confront challenging tariff…
Business
Lockheed Martin's Q2 profit plummets on US$1.6 billion charge
Lockheed Martin reported on Tuesday (Jul 22) that its second-quarter profit plunged by about 80 per cent, after the US defence giant…
Business
EXCLUSIVE: Klarna Announces Poshmark Partnership With In-app Resale Integration
Kkarma and Poshmark on Tuesday revealed a strategic partnership in the Klarna app — created to empower consumers to resell and earn money…
Business
SPH Media lays off 11 workers with decommissioning of old printing presses
SPH Media will lay off 11 production workers, following the decommissioning of two of the company’s 30-year-old printing presses which…
Business
Aztech Global H1 net profit drops 65.5% to S$16.1 million on subdued customer demand
Aztech Global’s net profit plunged 65.5 per cent to S$16.1 million, from S$46.7 million, for the first half ended Jun 30, 2025. Similarly,…
Business
OpenAI, Oracle to add 4.5GW US data centre capacity in AI expansion
OpenAI and Oracle announced they will develop 4.5 gigawatts of additional US data centre capacity in an expanded partnership, furthering a…
Business
The rise of the CTO in the age of ‘business unusual’
Years ago, I spent a lot of time making the case for why IT mattered in large enterprises. It’s fair to say the landscape has…
Business
SIA Engineering Q1 net profit rises 29.2% to S$42.9 million on strong MRO demand
Aircraft maintenance provider SIA Engineering Company (SIAEC) on Tuesday (Jul 22) reported a net profit of S$42.9 million for the first…
Business
HPH Trust records unchanged H1 DPU of HK$0.05 despite higher profit
Hutchison Port Holdings (HPH) Trust reported a distribution per unit of HK$0.05 for the first half ended Jun 30, 2025, unchanged from the…
Business
Temasek unit Azalea is back with another PE-based bond offering – Astrea 9
Azalea Asset Management, an indirect subsidiary of Temasek Holdings, will be launching a new series of bonds backed by 40 private equity…
Business
Microsoft rushes to stop hackers from wreaking global havoc
Hackers exploited a security flaw in common Microsoft software to breach governments, businesses and other organisations across the globe…
Business
Douglas Rushkoff wants us to use AI to ask better questions
Douglas Rushkoff, the writer and media theorist who chronicled the countercultural spirit of early ’90s online culture in books like…
Business
HSBC Heaps Praise on Burberry, Says Focus on Outerwear, Authenticity Is Working
LONDON – HSBC has gone bullish on Burberry with a glowing report about the company’s prospects under CEO Josh Schulman, who’s been in the…
Business
STI ends Tuesday flat as regional indices close mixed
The Straits Times Index (STI) closed flat on Tuesday (Jul 22), as regional indices showed mixed performances. The STI closed up 0.03 per…
Business
Chinese investors snap up Hong Kong stocks as flows near record
The accelerated buying comes as the Hang Seng China Enterprises Index has gained 24% this year Mainland Chinese investors’ purchase of…
Business
UK inks investment deals on £38 billion Sizewell C nuclear plant
The UK announced final approval for the Sizewell C nuclear power plant after securing private investment in the £38 billion (S$65.7…
Business
Thailand’s tourism slump and household debt weigh on its lenders
Thailand’s banks are grappling with weak lending amid high household debt, slowing tourism and sluggish consumer spending that risk…
Business
Bolt CEO Ryan Breslow was a progressive workplace innovator. Now he’s axing it all
The founder of financial technology startup Bolt is back at the helm of the company—and he’s been busy. Ryan Breslow originally made a…
Business
Prince George photo released for his 12th birthday
A new photograph of Prince George has been issued by Kensington Palace to mark his 12th birthday. The photo of the smiling prince was…
Business
This new smartphone is designed for old-school physical keyboard lovers
It seems the market has spoken when it comes to phones with physical keyboards. BlackBerry exited the mobile hardware business almost a…