Business
Cisco sees AI sales picking up but sticks to cautious outlook
Cisco Systems, the largest maker of machines that run computer networks and the internet, gave a cautious forecast for the current fiscal…
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Business
Business
US: S&P 500, Nasdaq drift to fresh records, extending rally
Wall Street stocks pushed higher on Wednesday, lifting the S&P 500 and Nasdaq to fresh records as markets extended a rally following data…
Business
The Amazon has lost an area larger than Spain in 40 years
Some 52 million hectares of natural land have been lost in the Brazilian Amazon region since 1985 – an area larger than Spain. Nationwide,…
Business
Mapletree Logistics Trust to divest logistics property in Australia for A$60 million
Its manager says the capital freed up will give MLT room to pursue investment openings in modern, high-spec facilities with more growth…
Business
EC World Reit’s H1 net property income falls 60.3% to S$18.7 million
EC World Real Estate Investment Trust (Reit) reported a 60.3 per cent decline in net property income to S$18.7 million in the first half…
Business
US: S&P 500, Nasdaq hit record highs at open on September rate cut hopes
Wall Street’s main indexes opened higher on Wednesday (Aug 13) with the benchmark S&P 500 and the Nasdaq hitting record highs, underpinned…
Business
Food Empire reports net loss of US$1.5 million, declares first-ever interim dividend of S$0.03
Food Empire reported a net loss of US$1.5 million for the first half-year ended Jun 30, the group said in a bourse filing on Wednesday…
Business
AEM net profit more than doubles to S$3.1 million
AEM Holdings posted a 245 per cent increase in net profit to S$3.1 million for the half-year ended Jun 30, from S$895,000 the year before.…
Business
CSE Global H1 earnings up 8.5% to S$16.3 million, boosted by growth of communications business
Technology solutions provider CSE Global reported a profit of S$16.3 million for the first half of FY2025, up 8.5 per cent from the…
Business
Nanofilm back in the black with H1 net profit of S$1.6 million
Nanofilm Technologies reported a net profit of S$1.6 million for the first half of the year, reversing from a net loss of S$3.7 million in…
Business
United Overseas Insurance aims to increase technology investments by almost 50% by 2029
United Overseas Insurance (UOI), the general insurance arm of UOB, will increase its technology investments by almost 50 per cent from…
Business
Singapore’s KPB Biosciences fails in bid to unfreeze assets in US$830 million Novo Nordisk legal battle
Locally headquartered biotech firm KPB Biosciences has failed to set aside a court order for its assets to be frozen, with the Singapore…
Business
Air Canada flight attendants set 72-hour strike deadline for pay deal
The Canadian Union of Public Employees, representing more than 10,000 Air Canada cabin crew, on Wednesday (Aug 13) gave the airline a…
Business
GoTo posts fourth straight adjusted profit, helped by cost cuts
Indonesia’s GoTo Group notched a fourth consecutive quarter of adjusted profit, making progress with reining in expenses and boosting…
Business
GoTo nears net income as cost cuts, fintech bet gather steam
Indonesia’s Internet champion GoTo Group is getting closer to sustainable profitability, with its finance chief predicting net income in…
Business
ComfortDelGro’s H1 2024 earnings rise 11.2% to S$106 million
Transport operator ComfortDelGro (CDG) reported on Wednesday (Aug 13) an 11.2 per cent increase in earnings for the first half of 2025 to…
Business
ComfortDelGro’s H1 2025 earnings rise 11.2% to S$106 million
Transport operator ComfortDelGro (CDG) reported on Wednesday (Aug 13) an 11.2 per cent increase in earnings for the first half of 2025 to…
Business
UOL H1 net profit rises 58% to S$205.5 million
Property developer UOL Group posted a 58 per cent increase in net profit to S$205.5 million for the first half of 2025. The increase was…
Business
Good governance for vibrant capital markets: towards a market-centric dynamic index
IN 2024, the Singapore Governance and Transparency Index (SGTI) was re-introduced as a dynamic index designed to reflect continuous…
Business
Singapore stocks track regional gains; STI up 1.2%
Shares on the local bourse ended higher on Wednesday (Aug 13), following three consecutive sessions of declines. The rebound came as…
Business
China's Tencent revenue grows 15% in Q2 on strong gaming performance
It reported revenue of 184.5 billion yuan (S$32.9 billion), exceeding analyst estimates of 178.5 billion yuan Tencent reported…
Business
Who is Do Kwon? South Korean " Crypto Genius" and Terraform Labs Founder Pleads Guilty in $40 Billion Cryptocurrency Collapse
South Korean blockchain entrepreneur Do Kwon, whose project's collapse resulted in one of the largest cryptocurrency losses ever, pleaded…
Business
Elon Musk Threatens to Sue Apple Over App Store Rankings of X and Grok
Elon Musk, the billionaire behind SpaceX, Tesla, and social media platform X, has announced plans to sue Apple. He accuses the tech giant…
Business
Temasek-backed ST Telemedia is said to consider selling stake in data centre operator GDS: sources
ST Telemedia (STT) is considering selling its holding in Chinese data centre operator GDS Holdings, people familiar with the situation…