Culture
STI inches higher on Thursday, tracking regional benchmarks
[SINGAPORE] Singapore stocks ended higher on Thursday (Nov 13), tracking regional peers.The benchmark Straits Times Index (STI) gained 0.2 per cent or seven points to finish at 4,575.91. Meanwhile,...
Marco Polo Marine unit clinches NT$4.7 billion project for research vessel in largest contract win
The project marks the company’s strategic expansion into high-value, specialised vessel construction [SINGAPORE] Integrated marine logistics company Marco Polo Marine has secured a NT$4.7 billion (S$198 million) contact from...
Tencent posts 15% revenue jump, sustaining growth without splashy AI bets
China’s most valuable company reports sales of 192.9 billion yuan for the three months ended September[SHENZHEN, China] Tencent Holdings posted a faster-than-anticipated 15 per cent rise in revenue, sustaining...
LTA greenlights autonomous vehicle testing by WeRide, Grab in Punggol ahead of AV shuttle service’s public launch
An autonomous ride service operated by both companies is expected to take public passengers in Punggol by early 2026 [SINGAPORE] The Land Transport Authority (LTA) has granted approval to...
Singtel remains ‘fully behind’ Optus despite outages and lacklustre returns
Singtel chief says it has to ‘work very hard to rebuild the trust and the confidence’ the outages have taken[SINGAPORE] Minority shareholders of Singtel might be concerned over its...
Hapag-Lloyd’s nine-month profit drops 50% as shipping market volatility persists
Security risks and US policy shifts unsettle demand and freight rates, hurting shipping profits[FRANKFURT] German container shipping firm Hapag-Lloyd on Thursday (Nov 13) posted a 50 per cent drop...
Alibaba prepares major revamp of flagship AI app to rival ChatGPT
[SHANGHAI] Alibaba Group Holding is preparing an overhaul of its main mobile AI app in coming months to help it more closely resemble OpenAI’s ChatGPT, a key step in...
DBS, Ant International expand partnership to boost cross-border payments
[SINGAPORE] DBS and Ant International have signed a memorandum of understanding to expand their partnership and scale up cross-border payments and fintech services.The deal, announced at the Singapore Fintech...
Singapore’s bonds set to gain on tighter supply, more liquidity: Barclays
[SINGAPORE] Singapore’s government bonds may see elevated demand through the end of the year, according to Barclays Plc.Yields on the island nation’s 10-year sovereign debt have fallen by around...
Toyota opens US battery plant, confirms US$10 billion investment plan
TOYOTA Motor said on Wednesday it had begun production at its US$13.9 billion North Carolina battery plant as it ramps up hybrid production and confirmed plans to invest US$10 billion...
