Culture
Volkswagen drops to third in China sales as fast-growing Geely Auto pips it
Legacy foreign carmakers such as Volkswagen have ceded share to Chinese rivals due to a slower shift to EVs[BEIJING] Volkswagen was overtaken by Geely Auto in sales in China...
Petronas seeks court clarity on Sarawak operations in gas licensing dispute
[KUALA LUMPUR] Malaysia’s state energy company Petroliam Nasional Berhad (Petronas) said on Monday (Jan 12) it has filed a motion at the country’s top court seeking clarity on the...
JPMorgan forecasts 2027 Fed hike; Barclays, Goldman postpone rate cut calls
Data suggests the labour market is holding, aiding belief that the Fed will leave borrowing costs unchanged at its January meeting[NEW YORK] JPMorgan predicts that the US Federal Reserve’s...
Not another dotcom bubble: DBS CIO doubles down on AI, healthcare
Hou Wey Fook is confident that AI-related optimism is based on sound fundamentals[SINGAPORE] The so-called “artificial intelligence (AI) bubble”, which has some concerned, is not the same as the...
British Land CEO Carter set to leave to lead GIC-backed P3 Logistics
[BENGALURU] British Land CEO Simon Carter plans to step down this year to join European logistics developer P3 Logistics Parks, the real estate group said in a statement on...
Thomson Medical appoints Tong Kooi Ong as board chairman
The Malaysian businessman succeeds Ng Ser Miang, who steps down on Jan 31 after a decade[SINGAPORE] Mainboard-listed Thomson Medical Group has appointed Malaysian businessman Tong Kooi Ong as its...
UBS rejects proposed Swiss bank rules, moots less costly alternatives
The lender warns the proposal would add huge costs and threaten the continuation of its successful business model[ZURICH] UBS on Monday (Jan 12) rejected government proposals to strengthen regulations...
South Korea makes checks on increasing US dollar deposits as won falls
[SEOUL] South Korean authorities summoned seven local banks last week to question them about increasing US dollar deposits, officials and bank sources said on Monday (Jan 12), amid growing...
Stellantis scraps US plug-in hybrid sales, citing weak demand
The automaker’s pullback comes as Detroit carmakers reassess electric-vehicle spending amid policy changes under US President Donald TrumpCHRYSLER parent Stellantis said on Friday (Jan 9) that it will stop...
OpenAI, SoftBank invest US$1 billion in SB Energy as Stargate buildout expands
The data centre construction boom has also prompted major players, including Meta Platforms[BENGALURU] OpenAI and SoftBank Group will invest US$500 million each in SB Energy to expand data centre...
