Business
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…
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Business
Business
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…
Business
South Sudan leader sacks powerful Vice-President Bol Mel
South Sudan's leader Salva Kiir has dismissed one of his vice-presidents, Benjamin Bol Mel, who had been tipped as his possible successor.…
Business
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…
Business
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…
Business
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…
Business
DBS, Ant International expand partnership to boost cross-border payments
Singapore’s biggest bank DBS Group and Ant International have signed a memorandum of understanding to expand their partnership and scale…
Business
EXCLUSIVE: Roberto Coin Opening New Boutiques in NYC and Las Vegas
Roberto Coin is bringing more of its legacy Stateside with the opening of two new boutiques, the next chapter in the Italian jeweler’s…
Business
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…
Business
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…
Business
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…
Business
Asia: Stocks stutter with focus on Fed, tech after US reopen vote
ASIAN markets trod water on Thursday as euphoria over the end of a record US government shutdown petered, with focus back on Federal…
Business
Shares of JB Foods, Food Empire soar on positive earnings
Shares of food exporters in Singapore JB Foods and Food Empire on Thursday (Nov 13) jumped significantly in early trade following their…
Business
ST Engineering shares jump as much as 4.1% on revenue increase, special dividend
Shares of ST Engineering jumped as much as 4.1 per cent on Thursday (Nov 13) after an increase in its nine-month revenue. The counter…
Business
Stocks to watch: AEM, ST Engineering, Seatrium, CDG, Golden Agri, Ho Bee Land, Food Empire, NTT DC Reit
The following companies saw new developments that may affect trading of their securities on Thursday (Nov 13): AEM: The test solutions…
Business
Ex-Twitter CEO Agrawal’s AI search startup Parallel raises US$100 million
AI STARTUP Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, has raised US$100 million to build web search infrastructure…
Business
Sasseur Reit Q3 rental income up 4.9% at 166.3 million yuan
The manager of Sasseur Real Estate Investment Trust (Sasseur Reit) on Thursday (Nov 13) posted rental income of 166.3 million yuan (S$30.4…
Business
Acrophyte Hospitality Trust 9-month net property income falls 13.9% to US$29.1 million
The drop is largely to due to hotel dispositions and renovations, as well as increases in operating expenses Acrophyte Hospitality Trust’s…
Business
Golden Agri-Resources Q3 net profit rises 17% to US$124 million on improved plantation output
Revenue for the period grew 9% to US$3.4 billion, from US$3.1 billion the quarter before Palm oil producer Golden Agri-Resources (GAR)…
Business
Golden Agri-Resources Q3 profit rises 17% to US$124 million on higher output and palm oil prices
Palm oil producer Golden Agri-Resources (GAR) posted a 17 per cent quarter-on-quarter rise in net profit for the third quarter ended Sep…
Business
Seatrium eyes more new order wins; net order book stands at S$16.6 billion in Q3
The group said it is making ‘steady progress’ toward achieving its 2028 financial targets. Offshore, marine and energy specialist Seatrium…
Business
Bostic announces retirement amid Trump push for more influence over Federal Reserve
Atlanta Federal Reserve President Raphael Bostic, the first Black and openly gay person to lead one of the US central bank’s 12 regional…
Business
Amazon sued over ‘punitive’ handling of employee absences
Amazon.com was sued on Wednesday in a proposed class action saying the retailer subjects thousands of warehouse employees with…
Business
US: Dow notches record-high close while Amazon weighs on Nasdaq
Wall Street’s main indexes were mixed on Wednesday, with the Dow notching a record-high close and the Nasdaq losing ground as investors…