Business
Profit dives at China’s top food delivery firm Meituan amid intense competition
China’s leading food delivery group Meituan, reported on Wednesday (Aug 27) a fall of 89 per cent in second-quarter adjusted net profit as…
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Business
Business
Microsoft, Rolls-Royce Power Systems push treated vegetable oils to green Singapore’s data centres
Microsoft and Rolls-Royce Power Systems are pushing for the adoption of hydrotreated vegetable oil (HVO) as a sustainable backup fuel for…
Business
Singapore shares end flat amid Fed pressure and ahead of Nvidia earnings release
Local stocks ended Wednesday (Aug 27) unchanged while regional markets closed mixed, as investors weighed political pressure on the US…
Business
Vietnam's Textile Industry Breaks Records with Export Momentum
Vietnam's textile and garment industry is on track to meet an ambitious export target of US$47-48 billion by the end of 2025, driven by…
Business
Russians hoard record US$500 billion in banks lured by high rates
Russian households have amassed a record amount of bank deposits as they take advantage of historically high interest rates for savings…
Business
Hong Kong’s key rate climbs above 3% to pose risks for economy
If the gauge sustains above that level, it could have a negative impact on the economy Liquidity conditions in Hong Kong resumed…
Business
Cambricon briefly overtakes Moutai as China’s priciest stock
A leading Chinese chipmaker briefly replaced a top liquor giant as the country’s most expensive onshore stock, as investors doubled down…
Business
China tech giant JD.Com unit, two other firms plan US$1 billion Singapore Reit
[SINGAPORE/HONG KONG] The property investment arm of Chinese e-commerce giant JD.Com and two other firms plan to launch a Singapore-based…
Business
Nvidia Launches Jetson Thor Chip, The New Brain of Next-Gen AI Robots
Nvidia has announced the release of Jetson Thor, a new robotics computer that is set to serve as the brain of smart machines. The chip…
Business
Lego Bets on Asia as sales hit record and market share climbs
After posting record half-year sales figures on Wednesday (Aug 27), Lego said it would sustain its momentum by doubling down on the market…
Business
Elon Musk's xAI Sues Apple and OpenAI Over Alleged AI Monopoly
Elon Musk's artificial intelligence firm, xAI, has sued tech giants Apple and OpenAI for monopolizing the AI space through a series of…
Business
From vultures to defenders, Japan private equity deals head for record year
Take-private deals in Japan are likely to hit a record high this year, exceeding the US$40.3 billion total racked up in 2023, according to…
Business
FWD expands headquarters in biggest 2025 Hong Kong office lease
Insurance companies are the most willing to upsize their office space in the city Richard Li’s FWD Group Holdings signed a decade-long…
Business
China’s Ping An Insurance eyes more investment in high-yield, high-tech stocks, CEO says
China’s Ping An Insurance plans to further invest in shares to boost its portfolio return while staying cautious about Chinese economic…
Business
Sias chastises Singapore Paincare over shareholder pressure in privatisation offer
The Securities Investors Association (Singapore), or Sias, is cautioning shareholders of Singapore Paincare to decide on its proposed…
Business
Sias raps Singapore Paincare for WhatsApp pressure on shareholders over privatisation offer
The Securities Investors Association (Singapore), or Sias, is cautioning shareholders of Singapore Paincare to decide on its proposed…
Business
IVAS expands valuation programme across Asia, develops new global standards for intangible assets
The Institute of Valuers and Appraisers, Singapore (IVAS) signed memorandums of understanding (MOUs) with two educational institutions to…
Business
Business valuation body signs MOUs for training support, develops new standards for intangible assets
The Institute of Valuers and Appraisers, Singapore (IVAS) signed memorandums of understanding (MOUs) with two educational institutions to…
Business
Business valuation body signs MOUs with training partners, develops new standards for intangible assets
The Institute of Valuers and Appraisers, Singapore (IVAS) signed memorandums of understanding (MOUs) with two educational institutions to…
Business
Thai central bank sees room for accommodative policy in face of second-half challenges
Thailand’s monetary policy should remain accommodative as the economy will face multiple headwinds in the second half of this year,…
Business
Malaysia makes contingency plans for agriculture exports under EU deforestation rules
Malaysia has contingency plans in place to remain competitive in European markets as it works to avoid being classified as a “standard…
Business
An 83-year-old pizza mogul returns to save 3,500 Domino’s
Billionaire Jack Cowin built a fast-food empire by bringing fried chicken to 1960s Australia. Now, at 83, he’s back to attempt a…
Business
An 83-year-old pizza mogul returns to save 3,500 Domino’s stores
Billionaire Jack Cowin built a fast-food empire by bringing fried chicken to 1960s Australia. Now, at 83, he’s back to attempt a…
Business
Asia: Markets diverge with eyes on Nvidia earnings
ASIAN markets diverged on Wednesday morning following broad losses the previous day, as attention turns from political pressure on the US…