Business
Foxconn among potential bidders for Singapore chip assembly firm UTAC in US$3 billion deal: sources
Taiwan’s Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that…
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Business
Deutsche Bank plans SRT deal tied to US$3 billion corporate loans
Deutsche Bank is selling a significant risk transfer (SRT) linked to a portfolio of US$3 billion in corporate loans, according to people…
Business
OnlyFans owner in talks to sell to investor group at about US$8 billion value: sources
OnlyFans owner Fenix International is in talks to sell the porn-driven company to an investor group at a valuation of around US$8 billion,…
Business
Yangzijiang Shipbuilding order wins dip to US$0.3 billion
This is down from US$3.3 billion in the year-ago period, but vessel deliveries remain on track Marine vessel manufacturer Yangzijiang…
Business
Singtel jumps 2.6% on S$0.10 per share dividend, S$2 billion share buyback plan
Company’s shares hit highest price in more than 5 years as telco returned to the black with S$2.8 billion H2 net profit Shares of Singtel…
Business
Singtel jumps 3.6% on S$0.10 per share dividend, S$2 billion share buyback plan
Company’s shares hit their highest price in more than 5 years as telco returns to the black with S$2.8 billion H2 net profit Shares of…
Business
Singtel initiates its first share buyback programme of up to S$2 billion; incorporates cloud business
The buyback will be delivered over the course of three years until financial year 2028 and involves the purchase of shares in the open…
Business
Singtel returns to the black with S$2.8 billion H2 profit
Singtel returned to the black with a net profit of S$2.8 billion for its second half ended March 2025, compared with a net loss of S$1.3…
News
What to know about Trump’s $175 billion ‘Golden Dome’ missile defense plan
U.S. President Donald Trump’s plan for a “Golden Dome” to protect the United States from long-range missiles was at least partly inspired…
News
Eric Trump Breaks Ground on $1.5 Billion Resort in Tariffed Country
“Democrats pretended to care about campaign finance violations when they persecuted President Trump with their lawfare,” Mike Davis, a…
Business
CapitaLand Investment launches 5 billion yuan China fund
CapitaLand Investment (CLI) on Wednesday (May 21) announced the launch of its first onshore master fund in China, the CLI RMB Master Fund,…
Business
BMW to buy back more shares worth up to 2 billion euros
is buying back as much as 2 billion euros (S$2.9 billion) of stock starting this month. The carmaker’s management board approved the…
Business
CDL posts S$1.9 billion in Q1 sales revenue in Singapore property development
Property developer City Developments (CDL) posted sales revenue of S$1.9 billion for its property development segment in the Singapore…
Business
Malaysia’s IHH unit seeks up to 109 billion rupees in damages from Japan’s Daiichi Sankyo
Northern TK Venture alleges Japan’s Daiichi Sankyo blocked its 2018 bid for an Indian hospital chain, causing financial losses. Healthcare…
Business
SIA Engineering inks S$1.3 billion deal to service SIA, Scoot fleets
The company will provide support for two years, with an option to extend by one year Mainboard-listed SIA Engineering (SIAEC) signed fresh…
Culture
Director of Julian Assange Film ‘The Six Billion Dollar Man’ Wins Golden Globe Prize for Documentary
Eugene Jarecki, director of Julian Assange film “The Six Billion Dollar Man,” has been awarded the first-ever Golden Globe Prize for…
Business
Apple partner Foxconn injects US$1.5 billion into India unit
Taiwan’s Foxconn, the main manufacturer of Apple’s iPhones, will inject US$1.5 billion into its India unit as production shifts away from…
Business
ThaiBev Q2 profit down 3.2% at 6.7 billion baht; declares dividend of 0.15 baht per share
Chang beer maker Thai Beverage (ThaiBev) on Friday (May 9) announced that its profit for the second quarter ended Mar 31, 2025, lowered…
Business
OCBC mulls capital management as it closes in on three-year target for S$3 billion incremental revenue
As OCBC reaches the deadline for its three-year target to achieve S$3 billion in incremental revenue by 2025, it is setting its sights on…
Business
Bain Capital to sell China data centre business likely valued at over US$4 billion: sources
US investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value…
Business
ST Engineering posts 8% rise in Q1 revenue to S$2.9 billion
ST Engineering’s revenue rose 8 per cent to S$2.9 billion for the first quarter ended March, from S$2.7 billion in the corresponding…
Business
OCBC Q1 profit falls 5% to S$1.88 billion; beats expectations
OCBC’s net profit for the first quarter fell on lower net interest income and higher operating expenses. Net profit for the three months…
Business
Emirates airline group announces record US$6.2 billion gross profit
The 18% rise in profit, slimmed to US$5.6 billion after the UAE’s recently introduced corporate tax Dubai’s Emirates Group, which includes…
Business
Japan's NTT plans to take NTT Data private for US$16.4 billion
It would launch a tender offer for NTT Data at 4,000 yen (S$35.91) per share, representing a 34% premium from Wednesday’s closing price…