Culture
Temasek leads US$80 million funding in power infrastructure provider Amperesand
The Series A round is co-led by the Singapore investment company and Walden Catalyst Ventures[SINGAPORE] Amperesand, a next-generation power infrastructure provider for artificial intelligence (AI) data centres and critical...
Temu-owner PDD Holdings beats profit expectations, outlook uncertain
Adjusted earnings per share of 21.08 yuan (S$3.86) beat analysts’ average forecast of 16.84 yuan[SHANGHAI] China’s PDD Holdings beat forecasts on Tuesday (Nov 18) with a 14 per cent...
Toyota lays out US$912 million plan to boost US hybrid production
Factories in West Virginia, Kentucky, Mississippi, Tennessee and Missouri will see 252 new jobs as a result of the initiative[TOKYO] Toyota Motor detailed plans to invest US$912 million to...
Malaysia palm oil output to meet forecast despite monsoon season, says SD Guthrie
[KUALA LUMPUR] The arrival of the monsoon season has raised concerns about potential disruptions to Malaysian palm oil production over the next two months, but weather patterns have not...
Elon Musk’s X down for thousands of US users, Downdetector shows
[WASHINGTON] Elon Musk’s X was down for thousands of users in the US on Tuesday (Nov 18), according to outage tracking website Downdetector.com.There were more than 11,500 reports of...
Xiaomi’s EV arm makes a profit for the first time
The division, which sold its first car last year, posts a profit of 700 million yuan in the September quarter [BEIJING] Xiaomi reported quarterly profit from its electric vehicle...
Coliwoo expects stronger core profit despite lower net profit before tax for FY2025
Better profit is attributed to absence of net fair value gain on investment properties in the financial year ended Sep 30[SINGAPORE] Co-living operator Coliwoo said in a Tuesday (Nov...
AkzoNobel and Axalta to merge, creating US$25 billion paint giant
Under the merger, AkzoNobel shareholders will receive a US$2.5 billion dividend payout[PARIS] Dulux paintmaker AkzoNobel said on Tuesday (Nov 18) that it plans to merge with paintmaker Axalta Coating...
Nio’s Firefly EV brand seeks growth in right-hand drive markets without tariffs
It will be marketed as premium in Singapore, avoiding a price war with domestic rivals[SHANGHAI] Firefly, a compact electric vehicle (EV) brand owned by China’s Nio, is seeking growth...
IOI Properties eyeing Reit listings in Malaysia and Singapore: sources
[SINGAPORE] Malaysia’s IOI Properties Group is exploring two real estate investment trust (Reit) listings in Malaysia and Singapore, with a combined asset value of up to US$8 billion, two...
