Culture
Stocks to watch: AEM, ST Engineering, Seatrium, CDG, Golden Agri, Ho Bee Land, Food Empire, NTT DC Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Nov 13): AEM : The test solutions provider posted a S$4 million profit...
Ex-Twitter CEO Agrawal’s AI search startup Parallel raises US$100 million
AI STARTUP Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, has raised US$100 million to build web search infrastructure for artificial intelligence agents and fund deals with...
Sasseur Reit Q3 rental income up 4.9% at 166.3 million yuan
[SINGAPORE] The manager of Sasseur Real Estate Investment Trust (Sasseur Reit) on Thursday (Nov 13) posted rental income of 166.3 million yuan (S$30.4 million) for its third quarter ended...
Acrophyte Hospitality Trust 9-month net property income falls 13.9% to US$29.1 million
The drop is largely due to hotel dispositions and renovations, as well as increases in operating expenses[SINGAPORE] Acrophyte Hospitality Trust’s net property income (NPI) for the first nine months...
Golden Agri-Resources Q3 profit rises 17% to US$124 million on higher output and palm oil prices
[SINGAPORE] Palm oil producer Golden Agri-Resources (GAR) posted a 17 per cent quarter-on-quarter rise in net profit for the third quarter ended Sep 30 to US$124 million, from US$106...
Seatrium eyes more new order wins; net order book stands at S$16.6 billion in Q3
The group said it is making ‘steady progress’ toward achieving its 2028 financial targets.[SINGAPORE] Offshore, marine and energy specialist Seatrium on Thursday (Nov 13) reported that its net order...
Bostic announces retirement amid Trump push for more influence over Federal Reserve
[WASHINGTON] Atlanta Federal Reserve President Raphael Bostic, the first Black and openly gay person to lead one of the US central bank’s 12 regional banks, said on Wednesday he...
US House report accuses China of minerals market interference
CHINA for decades has sought to manipulate global critical minerals prices, using its control as an economic weapon to expand its manufacturing sector and its geopolitical influence, a US...
GM wants parts makers to pull supply chains from China
[DETROIT] General Motors (GM) has directed several thousand of its suppliers to scrub their supply chains of parts from China, four people familiar with the matter said, reflecting automakers’...
UK’s Starmer tells BBC to get ‘house in order’ after Trump legal threat
[LONDON] British Prime Minister Keir Starmer said he supported a strong and independent BBC but the public broadcaster must get its “house in order” after US President Donald Trump...
IBM says ‘Loon’ chip shows path to useful quantum computers by 2029
The chip remains in its early stages, and it is not yet known when outsiders can test it[SAN FRANCISCO] International Business Machines (IBM) announced on Wednesday (Nov 12) that...
NTT DC Reit posts H1 DPU of 1.69 US cents, seeks growth in Tier 1 data centre markets
It is eyeing opportunities that will reduce tenant concentration, while diversifying its portfolio geographically[SINGAPORE] NTT DC real estate investment trust (Reit) posted a distribution per unit (DPU) of 1.69...