Business
Trek 2000 International divests stake in Terrenus Energy valued at around S$8.2 million
Technology provider Trek 2000 International announced on Thursday (Jul 17) that it will be disposing its 4.3 per cent stake in Terrenus…
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Business
Business
Trek 2000 divests stake in Terrenus Energy valued at around S$8.2m
The shares are currently held as investment and do not generate any income or revenue for FY2024 Technology provider Trek 2000…
Business
China vows to address ‘irrational competition’ in EV sector
China pledged to rein in “irrational competition” in its electric vehicle (EV) sector, reflecting authorities’ increasing urgency to…
Business
Companies look to AI to enable financial resilience amid global volatility: DBS survey
Businesses around the world are rethinking long-term strategies as volatility rises, with generative artificial intelligence (Gen AI)…
Business
mm2 Asia evaluating all available options, including winding up Cathay Cineplexes
Cathay Cineplexes parent company mm2 Asia said on Thursday (Jul 17) that it is evaluating all available options to address its financial…
Business
Chinese shipyards’ market share falls to 52% amid US port fees concerns, says Bimco
The market share of Chinese shipyards dropped by almost a third from January to June this year amid concerns about upcoming fees on…
Business
Amara announces it will delist from SGX mainboard on Jul 21
Hotel and property group Amara Holdings announced on Thursday (Jul 17) that it will be officially delisted from the mainboard of the…
Business
China probes US$100 underwriting fee amid Xi price war clampdown
China is investigating some of the nation’s top investment banks over bond underwriting fees that hit below US$100, as regulators expanded…
Business
Imperial Group Taps Into Renewed Opportunities for Contemporary Market
MILAN — At a time of global upheaval caused by geopolitical and economic headwinds, business woes are trickling down to all fashion…
Business
What is Laopu Gold? This Gen Z darling soared 2,000% and now it’s opened a store in Marina Bay Sands
Up-and-coming Chinese jewellery label Laopu Gold has made waves in the past year with both consumers and investors alike. There has been…
Business
What is Laopu Gold? Its stock soared 2,000% and now it’s opened a store in Marina Bay Sands
Up-and-coming Chinese jewellery label Laopu Gold has made waves in the past year with both consumers and investors alike. There has been…
Business
Asia: Stocks struggle as traders eye Fed saga, trade war
Asian markets fluctuated on Thursday after a rollercoaster day on Wall Street punctuated by fears Donald Trump was considering sacking the…
Business
Walmart eliminates hundreds of store-support and training jobs
The company aims to staff the academies differently based on the needs and number of participants and plans to add some new roles Walmart…
Business
Scale AI to cut 14% of staff following Meta investment
Scale AI is laying off hundreds of employees from its data-labelling business, one-month after Meta Platforms invested US$14.3 billion in…
Business
Thailand seeks ways to curb gold price impact on currency
Thailand’s central bank and the finance ministry are discussing ways to address currency moves that are not aligned with fundamental…
Business
Steve Miller Band Cancels All Tour Dates Due to Recent Weather Disasters
The calamitous weather of recent years has taken many lives, caused billions of dollars’ worth of damage and is changing the climate and…
Business
ST Engineering unit, SP Group to sell joint venture for S$290 million to Singapore fund manager
ST Engineering is expected to get a one-off gain of around S$80 million from the proposed sale ST Engineering’s wholly owned subsidiary,…
Business
ST Engineering unit, SP Group to sell joint venture for S$290 million to Singapore fund manager Seraya Partners
ST Engineering Urban Solutions, a wholly owned subsidiary of ST Engineering, has entered into an agreement with national grid operator SP…
Business
Fed’s New York president says tariff economic impact is only just starting
US Federal Reserve Bank of New York President John Williams said that monetary policy is in the right place to allow central bankers to…
Business
Hong Kong’s US$25 billion pile of soured debt spurs talks to form ‘bad bank’
The pile of non-performing loans (NPLs) at Hong Kong lenders has grown so large that some in the industry have discussed the creation of a…
Business
Stocks to watch: ST Engineering, FLCT, mm2 Asia, HRnetGroup, Ossia
The following companies saw new developments that may affect trading of their securities on Thursday (Jul 17): ST Engineering: The group…
Business
Tesla readies a six-seat version of the Model Y for China
Tesla is preparing to launch a longer, six-seat version of its Model Y sport utility vehicle in China, where the carmaker has been losing…
Business
Goldman Sachs profits jump as CEO eyes more merger activity
Goldman Sachs reported a jump in second-quarter profits on Wednesday behind significant increases in financial advisory revenues that…