Culture
Tata Steel calls for extension of import tariffs on some steel products to India
India’s Tata Steel hopes the government will extend import tariffs on some steel products to guard against the threat of imports,…
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Culture
Culture
Sats Q2 net profit up 13.3% to S$78.9 million as clients front-load orders ahead of US tariffs
The group declares an interim dividend of S$0.02 per share, higher than S$0.015 a year ago In-flight caterer and ground handler Sats on…
Culture
EC World Reit Q3 net property income down 60.5%; illegally mortgaged units face 2 lawsuits
The Reit is suspended from trading, and it is unlikely to declare any distribution for FY2025 The manager of EC World Reit posted a net…
Culture
Apple and Tencent agree to 15% fee on WeChat mini game purchases
Tencent Holdings has agreed a deal with Apple that will see the iPhone maker handle payments and take a 15 per cent cut of purchases in…
Culture
Bumitama Agri’s 9M profit rises 29% with record rainfall in Central Kalimantan
Crude palm oil accounts for 84% of its sales, with the remainder from palm kernel Palm oil producer Bumitama Agri posted a 29 per cent…
Culture
Debt-ridden mm2 Asia’s H1 net loss deepens to S$39.7 million as existential threat looms
Entertainment group mm2 Asia on Thursday (Nov 13) reported a net loss of S$39.7 million for the half-year ended Sep 30, widening from the…
Culture
1MDB drops JPMorgan, Coutts from US$1.1b lawsuit
Malaysia state firm 1MDB dropped its court action against JPMorgan and Coutts, The Edge reported. The two banks were part of Malaysia’s…
Culture
Venture posts 8.3% fall in Q3 earnings amid softness in consumer tech
The company is ‘ramping up activities for hyperscale data centres’, including network connectivity solutions Technology player Venture…
Culture
Goldman set for record advisory year after US$110 million fee on EA’s take-private deal
A 2025 M&A rebound has lifted US bank deal revenue, with Goldman outpacing its rivals Goldman Sachs Group’s biggest-ever M&A payday may be…
Culture
SIA profit drops 82% to S$52 million in Q2; declares S$900 million special dividend package
The group attributes the decline in earnings to losses by its associate Air India, which are not included in previous year’s results…
Culture
Pfizer looks to sell stake in pandemic vaccine partner BioNTech
Pfizer is looking to sell its remaining stake in Covid-19 vaccine partner BioNTech, a remnant from one of the pandemic’s most lucrative…
Culture
STI inches higher on Thursday, tracking regional benchmarks
Singapore stocks ended higher on Thursday (Nov 13), tracking regional peers. The benchmark Straits Times Index (STI) gained 0.2 per cent…
Culture
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 Integrated marine logistics company…
Culture
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…
Culture
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 The Land Transport…
Culture
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 Minority shareholders of…
Culture
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 German container shipping firm Hapag-Lloyd…
Culture
Alibaba prepares major revamp of flagship AI app to rival ChatGPT
Alibaba Group Holding is preparing an overhaul of its main mobile AI app in coming months to help it more closely resemble OpenAI’s…
Culture
DBS, Ant International expand partnership to boost cross-border payments
DBS and Ant International have signed a memorandum of understanding to expand their partnership and scale up cross-border payments and…
Culture
Singapore’s bonds set to gain on tighter supply, more liquidity: Barclays
Singapore’s government bonds may see elevated demand through the end of the year, according to Barclays Plc. Yields on the island nation’s…
Culture
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…
Culture
Analysts mixed on ST Engineering amid impairment from iDirect; CGS International upgrades to ‘add’
Analysts are mixed on ST Engineering – in the wake of the non-cash impairment of S$667 million incurred by the group on its satellite…
Culture
MAS to trial issuance of tokenised bills
The Monetary Authority of Singapore (MAS) announced that it will be trialling the issuance of tokenised bills to primary dealers, which…
Culture
MAS to trial issuance of tokenised bills, releases guidelines for AI in financial sector
The Monetary Authority of Singapore (MAS) will be trialling the issuance of tokenised bills to primary dealers, which will then be settled…