Fashion
Meta begins job cuts as it shifts from metaverse to AI devices
Reality Labs houses the company’s hardware and other futuristic product efforts[SAN FRANCISCO] Meta Platforms is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part...
TSMC likely to post fourth-quarter profit leap driven by AI boom
[TAIPEI] TSMC, the world’s largest manufacturer of advanced artificial intelligence chips, is expected to post a 28 per cent jump in fourth-quarter net profit to a record high on...
Why is Meta laying off workers again?
Social media giant Meta said it’s cutting more than 1,000 workers and closing several content studios as it focuses its efforts on artificial intelligence-powered wearables such as smart glasses....
First Sponsor expects net loss for H2, full year 2025 on forex losses
Fair value loss on its financial derivatives is a result of the strengthening of foreign currencies against the Singapore dollar[SINGAPORE] First Sponsor expects to post a net loss for...
Alibaba and JPMorgan are said to invest in chip designer Montage’s HK listing
[HONG KONG] Chinese chip designer Montage Technology is set to enlist Alibaba Group Holding and JPMorgan Asset Management among the key investors in its upcoming Hong Kong listing, according...
Catalist-listed MoneyMax proposes transfer to SGX mainboard
[SINGAPORE] Pawnbroker MoneyMax Financial Services is looking to transfer its listing to the mainboard of the Singapore Exchange (SGX), from its current listing on the Catalist board. A listing...
Baidu is said to explore upgrading HK listing to primary status
This will help it qualify for cross-border trading, opening up investment flows from the mainland to Hong Kong[HONG KONG] Baidu is considering upgrading its Hong Kong listing to primary...
HSBC considers selling Singapore insurance business: sources
[SINGAPORE] HSBC Holdings is exploring options for its insurance unit in Singapore, including a sale, people familiar with the matter said, following other business revamps globally under CEO Georges...
CICT to develop, own commercial component of mixed-use Hougang Central site
The trust gains an ‘attractive entry yield’ with an expected yield on cost of more than 5%[SINGAPORE] CapitaLand Integrated Commercial Trust ( CICT ) will develop and fully own...
DBS unlocks S$1 billion in AI value in 2025
But as Singapore’s lenders seek to ride the wave, agentic artificial intelligence’s rise poses challenges for local banking talent [SINGAPORE] DBS notched up a one-third increase in economic value...
