Business
Novartis Q3 operating income up 6% on new drug sales
Third-quarter operating income, adjusted for special items, rose to US$5.46 billion Swiss drugmaker Novartis, on a deal-making spree this…
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Business
Business
SGX ETF market hits record S$16.3 billion AUM in Q3 on strong gold, Reit demand
It records net inflows of S$736 million in the quarter, bringing the total to S$1.4 billion in the year to date The exchange-traded fund…
Business
HSBC is bullish on 2025 despite hit from Madoff provision
HSBC Holdings raised its profitability outlook for 2025 even as earnings slid following an unexpected US$1.1 billion provision tied to…
Business
Citigroup to tie up with Coinbase to boost digital payments for institutional clients
Citigroup and cryptocurrency exchange Coinbase plan to collaborate on digital asset payment solutions for the US bank’s institutional…
Business
Sunseap founder’s firm teams up with Chinese nuclear giant on Indonesian solar import project
Frank Phuan’s Equator Renewables Asia is set to import clean power from the Riau Islands into Singapore Equator Renewables Asia – a new…
Business
Roger Vivier Is Coming Up Roses for Holiday
FLOWER POWER: Roger Vivier is making good use of its new Paris headquarters, located in a lavish 18th-century mansion in…
Business
Banks not told of power plant initially to prevent information leak, court told
Hyflux had initially withheld from bank lenders certain information about the Tuaspring project including a power plant to protect its…
Business
Banks initially not told of power plant to prevent information leak, court told
Hyflux had initially withheld from bank lenders certain information about the Tuaspring project including a power plant to protect its…
Business
Banks initially not told of Tuaspring power plant to prevent information leak, court told
It was kept from lenders to protect company’s strategy from rivals, Olivia Lum’s counsel says Hyflux had initially withheld from bank…
Business
iX Biopharma proposes placement to raise gross proceeds of at least $5 million as it eyes US expansion
The placement price represents a discount of 9.7% to the volume weighted average price (VWAP) of S$0.1107 per share Mainboard-listed iX…
Business
iX Biopharma proposes placement to raise gross proceeds of at least S$5 million as it eyes US expansion
The placement price represents a discount of 9.7% to the volume weighted average price (VWAP) of S$0.1107 per share Mainboard-listed iX…
Business
Bill Gates says China is outspending the world on nuclear power
The Asian nation has a commanding lead in developing and manufacturing a wide range of green solutions In the race to develop the next…
Business
Indonesian bonds are top pick for Schroders on Purbaya, BI bets
Schroder Investment Management favours Indonesian bonds and the rupiah as its top picks in Asia, betting that government efforts to boost…
Business
Asia: Markets cool as Trump begins Japan visit
The buoyant mood has been defying tumultuous trade tensions between Beijing and Washington Asian markets opened slightly cooler on Tuesday…
Business
Green data centres: Singapore companies call for new inter-agency body, innovative financing
Other suggestions include setting up a central agency to procure green energy, similar to Singapore GasCo A new inter-agency body, a…
Business
Foxconn to invest up to NT$42 billion in AI compute cluster, supercomputing centre
The investment will be made from December 2025 to December 2026 using its own funds Taiwan’s Foxconn said that its board of directors has…
Business
Philippine banks to lead profit growth among regional peers
Philippine banks, helped by robust loans, are poised to deliver the highest net interest income growth among South-east Asian lenders this…
Business
Singapore court orders Ron Sim’s LAC to return GNC stores, pay US$18.9 million in franchise dispute
The court finds that LAC had wrongfully terminated its agreement after ‘secretly’ preparing to rebrand all of the US health supplement…
Business
Singapore court orders Ron Sim’s LAC to hand over GNC store leases, pay US$18.9 million in franchise dispute
Court finds LAC had wrongfully terminated its agreement after ‘secretly’ preparing to rebrand the US health supplement retailer’s 54…
Business
Singapore court grants GNC rights to Ron Sim’s LAC store leases, awards US$18.9 million damages in franchise dispute
Court finds LAC wrongfully terminated its agreement after preparing to rebrand the US health supplement retailer’s 54 stores here; LAC is…
Business
Paramount to ax 1,000 jobs Wednesday in first round of cuts
Paramount Skydance will begin a major round of layoffs with 1,000 job cuts on Wednesday (Oct 29), according to a source familiar with the…
Business
Paramount to axe 1,000 jobs Wednesday in first round of cuts
Paramount Skydance will begin a major round of layoffs with 1,000 job cuts on Wednesday (Oct 29), according to a source familiar with the…
Business
Philippine peso falls to new record low on rate view, outflow
The Philippine peso fell past the key psychological level of 59 per US dollar to an all-time low, putting pressure on the central bank to…
Business
Philippine peso falls to record low on rate view, outflow
The Philippine peso fell past the key psychological level of 59 per US dollar to an all-time low, putting pressure on the central bank to…