Business
India investigates Air India after plane flown repeatedly without safety certificate
India’s aviation regulator said on Tuesday (Dec 2) it was investigating Air India after the airline operated an Airbus A320 aircraft eight…
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Business
Business
Citigroup faces US$5 million bill to transport its lead from Singapore
Citi plans to keep about 24,000 tons in Singapore, while 88,000 tons will likely go to Taiwan or Malaysia Citigroup will move most of its…
Business
Buying the S&P 500 is an active bet on AI: BlackRock Investment Institute
The unprecedented AI boom is catalysing a mega structural change that impacts investing., the institute says Just buying the S&P 500 is no…
Business
23 Singaporeans Locked in Shop During China Tour After Refusing to Buy Goods
A group of 23 Singaporean tourists were allegedly locked inside a shop in China's Chengdu province after their tour guide pressured them…
Business
Temasek-backed autonomous driving firm Momenta files for Hong Kong IPO: sources
The firm is joining a growing list of Chinese companies aiming to debut in the Asian financial hub Chinese autonomous driving developer…
Business
STI up 0.3%, amid mixed showing by Singapore shares
Across the broader market, there are 288 gainers and 236 decliners, with 1.3 billion securities valued at about S$1.3 billion transacted…
Business
STI up 0.3% on Tuesday, amid mixed showing by Singapore shares
Across the broader market, there are 288 gainers and 236 decliners, with 1.3 billion securities valued at about S$1.3 billion transacted…
Business
Analysts raise CIMB target price on ‘surprise’ capital return initiative
The bank announces it will be returning up to RM2 billion of capital to shareholders by end-2027 Analysts are maintaining their bullish…
Business
Ex-director and founder of Agritrade International charged for cheating investment platform
The founder and former director of Agritrade International Pte Ltd (AIPL) Ng Say Pek was, on Tuesday (Dec 2), charged in court with 10…
Business
Saudi National Bank’s US$1 billion loan adds to Middle East spree
Saudi National Bank is seeking a US$1 billion syndicated loan, continuing a borrowing rush by the kingdom’s lenders that are helping…
Business
Raffles Education sells corporate building for S$121.8 million
The property at 51 Merchant Road is being sold at about 78% over book value to an unnamed real estate player Raffles Education has sold…
Business
Elevate Capital-LaSalle JV buys Raffles Education Square for S$121.8 million
The property at 51 Merchant Road is being sold by Raffles Education at about 78% over book value Raffles Education has sold its corporate…
Business
Raffles Education sells 51 Merchant Rd to LaSalle JV for S$121.8 million; reaps S$53 million gain
Four-storey commercial building with conserved buildings and basement car parks sold for about 78% over book value Raffles Education has…
Business
Outspoken short seller Michael Burry shorts Tesla over valuation and Musk pay plan, Fortune says
Michael Burry has bet against the shares of Tesla, saying they are “ridiculously overvalued” and warning that founder Elon Musk’s proposed…
Business
BOE cuts banks’ benchmark capital requirements ahead of review
The Bank of England has cut its estimate of how much capital the UK’s banking sector needs for the first time in a decade, and signalled a…
Business
Travel platform Klook to delay US listing until early 2026: sources
The company expects investors to be more receptive to an IPO once the holidays are over Klook Technology plans to list in the US early…
Business
Singapore Bank OCBC’s shares hit record as wealth unit shines
OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago Oversea-Chinese Banking Corp (OCBC) shares hit a…
Business
OCBC’s shares hit record as wealth unit shines
OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago Oversea-Chinese Banking Corp (OCBC) shares hit a…
Business
OCBC shares continue record-breaking streak to hit S$18.95 as wealth unit shines
OCBC shares surged further to another new high on Wednesday (Dec 3) after a record-breaking performance on Tuesday. OCBC is supported by…
Business
Crypto’s retail traders hit hard as Strategy ETFs plunge 80%
Retail investors who piled into Michael Saylor’s grand Bitcoin experiment are paying a heavy price. Strategy, the company once hailed for…
Business
Indonesia assigns US$1 billion to Brics-led New Development Bank
Indonesia will assign US$1 billion to the Brics-led New Development Bank, further boosting ties with the group of developing nations. The…
Business
Aletheia Capital downgrades Wilmar to ‘sell’, cuts target to S$2.50 on legal woes
Aletheia Capital has lowered its rating on Wilmar International from “buy” to “sell” on the belief that the agribusiness group’s recent…
Business
Asian markets rise as US rate cut bets temper Japan bond unease
Stocks rose on Tuesday (Dec 2) following the previous day’s stutter as more weak US data helped solidify US interest rate cut optimism and…
Business
Bukit Sembawang Estates a ‘potential dividend powerhouse’: DBS
Bukit Sembawang Estates has been identified as a “potential dividend powerhouse” by DBS Group Research, which sees the possibility of a…