Culture
OCBC initiates coverage on Info-Tech Systems with ‘buy’ call amid favourable growth trends
[SINGAPORE] OCBC Investment Research has initiated coverage on Info-Tech Systems with a “buy” call, on account of favourable secular growth trends that could benefit the software services provider. This...
IMDA partners AWS and Trainocate to create 100 jobs and training opportunities in AI and cloud
[SINGAPORE] In a bid to push for more talent fluent in artificial intelligence (AI), the Infocomm Media Development Authority (IMDA) announced on Friday (Aug 29) that it will partner...
Forever 21 looks to resurrect China, North America business with new partners
[SHANGHAI] Fast fashion brand Forever 21 is making its fourth run at the Chinese market, having previously entered and exited the world’s second-largest economy three times since 2008.Also in...
Chinese banks face profit squeeze as loan growth falters
[BEIJING] Top Chinese banks’ first-half results on Friday (Aug 29) will underline the impact of slowing loan growth in a deflationary economy, a piling up of bad loans as...
Beyond bill payments, AXS’ plans for the future include building a payment ecosystem
[SINGAPORE] Since its inception in 2000, AXS has been synonymous with its eponymous kiosks that facilitate online bill payments. Now, it wants to build on its digital capabilities and...
Australian shares post best August in 16 years as earnings season ends
[SYDNEY] The Australian benchmark notched its best August performance in sixteen years on Friday (Aug 29) as the corporate earnings season wrapped up, while losses in financial stocks dragged...
Asean Power Grid: Can South-east Asia finally plug into a shared power future?
[SINGAPORE] In 2011, Frank Phuan co-founded Sunseap Leasing, one of Singapore’s earliest solar energy providers. More than a decade on, he is chasing a bigger ambition: lighting up Singapore...
RHB expects S-Reit demand to rise, Singapore Government Securities yield to moderate further
[SINGAPORE] Singapore Reit (S-Reit) demand is expected to rise, said RHB Bank analyst Shekhar Jaiswal on Friday (Aug 29).A benign inflation backdrop, falling Singapore Overnight Rate Average (Sora) and...
SP Group acquires Siemens’ 49% stake in Power Automation to become sole owner
[SINGAPORE] SP Group announced on Friday (Aug 29) that it is now the sole owner of Power Automation, after having acquired Siemens’ stake in the joint venture.Siemens had a...
Gold poised for monthly gain on soft dollar, US rate-cut hopes
GOLD prices were on track for a monthly rise on Friday after striking a more than one-month peak in the previous session, supported by an overall softer dollar and...
