Culture
DBS, Singtel help lift Temasek’s portfolio to record S$434 billion
[SINGAPORE] Temasek posted a record net portfolio value (NPV) of S$434 billion for the financial year ended Mar 31, driven by the strong performance of its Singapore-based portfolio companies...
Surging UK shipping costs threaten to deliver a new price shock
[LONDON] The cost of shipping goods from China to the UK has surged due to ripple effects of the US trade war, threatening to push up consumer prices and...
Macquarie is said to weigh sale of Singapore petrochemical asset
The terminal has about 409,000 cubic metres of storage capacity and more than 80 tanksPublished Wed, Jul 9, 2025 · 12:47 PM[HONG KONG] Macquarie Group’s asset management arm is...
DSV’s new S$150 million RedLion2 logistics hub expected to boost Singapore-Johor connectivity
[SINGAPORE] A new logistics facility by Danish giant DSV will support the flow of goods across the Causeway, said Minister-in-charge of Energy and Science & Technology Tan See Leng...
Indonesia’s Chandra Daya jumps 35% following 2.4 trillion rupiah million IPO
The company plans to use the proceeds from its share sale to develop and expand its main infrastructure businesses by acquiring ships and funding ports and warehouse operationsPublished Wed,...
Gold rises as fresh Trump tariff threats dampen trade talk hopes
[BENGALURU] Gold edged higher on Wednesday (Jul 9) as US President Donald Trump’s latest tariff threats dampened hopes for trade talks, but a stronger US dollar and higher Treasury...
China’s gig economy booms as blistering heat leaves workers exposed
[BEIJING] On a scorching morning in Beijing, Hao and a dozen other food delivery drivers sweltered outside a hot-pot restaurant. They smoked. They swiped through videos. They waited for...
HSBC expands UK wealth bet in race to £100 billion asset goal
[LONDON] HSBC Holdings is ramping up growth plans for its UK wealth-management operations as Europe’s largest bank seeks to double the assets it oversees for well-heeled individuals in its...
Intel cuts over 500 jobs in Oregon as part of layoff plan
Hillsboro, a suburb of Portland, is home to some of Intel’s biggest factories and research centresPublished Wed, Jul 9, 2025 · 07:15 AM[SAN FRANCISCO] Intel is cutting more than...
SpaceX valuation to hit around US$400 billion in share sale
[SAN FRANCISCO] SpaceX is discussing plans to raise money and sell insider shares in a deal that would value Elon Musk’s rocket and satellite maker at around US$400 billion,...
