Business
CEO pulled Boeing out of nosedive, but new challenges approach
One year after taking the helm during Boeing’s deepest crisis in decades, CEO Kelly Ortberg has stopped the company’s freefall. Now, he…
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Business
Business
Sri Trang Gloves Q2 earnings drop by 79.6% to 77.1 million baht
Sri Trang Gloves posted a net profit drop of 79.6 per cent year on year to 77.1 million baht (S$3.1 million) for the quarter ended June,…
Business
US: Wall Street opens higher as Fed shake-up stokes dovish bets
Street’s main indexes opened higher on Friday (Aug 8) as US President Donald Trump’s temporary pick for a Federal Reserve governor post…
Business
OpenAI Launches GPT-5: Everything You Need to Know About Its Smarter AI, New Features, Google Integration
After weeks of leaks and rumors, OpenAI has officially launched its much-awaited model, GPT-5. The new model brings all of OpenAI's…
Business
Who is Blake Owens? Tech CEO Receives Pig's Head in Mail to in Chilling Warning Over Real Estate Tech
Blake Owens, a Las Vegas tech entrepreneur, was left in shock on July 29 as he received a creepy delivery after introducing AI tech for…
Business
US dollar softness to relieve pressure on Asia’s foreign exchange defenders
The worst may be over for Asia’s central banks that have ramped up efforts defending local currencies after a resurgent US dollar and…
Business
QAF H1 net profit drops by 69% to S$3.9 million
QAF posted a drop of 69 per cent in its net profit to S$3.9 million for the half-year of FY2025 ended June, impacted by a marginal dip in…
Business
Apac Realty’s H1 net profit more than doubles to S$11.3 million on higher home sales
Real estate services player Apac Realty’s net profit more than doubled to S$11.3 million for its first half ended Jun 30, 2025. This was…
Business
IPO for Centurion’s new Reit at ‘very advanced’ stage, launch likely in September
If all goes well, Centurion Corp may launch the initial public offering (IPO) of its new real estate investment trust (Reit) as soon as…
Business
Singapore stocks end Friday in the red amid mixed Asia markets; STI down 0.4%
Local stocks ended its rally to close lower on Friday (Aug 8), following a mixed performance across Asian markets as investors navigated a…
Business
UOB-Kay Hian posts 12.9% lower net profit for H1
Earnings per share for the half-year fell to S$0.106, from S$0.1264 in the year-ago period UOB-KAY Hian posted a 12.9 per cent…
Business
Hong Leong Finance H1 net profit down 38.7% to S$32.2 million on compressed net interest margins
Hong Leong Finance posted a 38.7 per cent year-on-year fall in net profit to S$32.2 million for the six months ended Jun 30, 2025. This…
Business
China July car sales growth slows on weak hybrid demand, price war curbs
China’s car sales growth slowed in July partly due to weaker demand for hybrids, as regulators in the world’s biggest auto market crack…
Business
China tells brokers to stop touting stablecoins to cool frenzy: sources
China told local brokers and other bodies to stop publishing research or hold seminars to promote stablecoins, seeking to rein in the…
Business
IReit Global sees risk of losing potential lawsuit as ‘remote’, takes no action for now
The manager of IReit Global does not plan to take any steps to mitigate the impact of a potential lawsuit from its main tenant for now,…
Business
SoftBank shares hit record high on AI prospects
Shares in SoftBank Group jumped more than 13 per cent to a record high on Friday (Aug 8) in a show of investor support for the Japanese…
Business
Ticker glitch, rising competition deepen woes for Australian bourse
ASX is grappling with rising regulatory pressure and intensifying competition, as shares of Australia’s main exchange operator trail most…
Business
Popiah king Sam Goi makes chain offer for Tat Seng Packaging after PSC offer turns unconditional
Local tycoon Sam Goi has launched a cash offer to buy all shares of Tat Seng Packaging that he does not yet own at S$0.899 apiece. He is…
Business
China cuts coal imports, buys more oil and gas in July
China’s coal imports fell for the fifth time in six months in July as Beijing leans more on domestic mining, while boosting oil and gas…
Business
China cuts coal imports, deepens Asean ties amid trade shifts
China’s coal imports fell for the fifth time in six months in July as Beijing leaned more on domestic mining and boosted oil and gas…
Business
Tata Consultancy Services layoffs herald AI shakeup of US$283 billion outsourcing sector
Indian outsourcing giant Tata Consultancy Services’ (TCS) decision to cut over 12,000 jobs signals the start of a broader AI-fuelled trend…
Business
Thai Airways shares soar to seven-year high after earnings jump
Its market value has reached more than 407.5 billion baht (S$16.2 billion), making it the fifth-largest carrier in Asia Thai Airways…
Business
From rubber roots to risk management: Singapore’s 60-year mastery of global trades
As Singapore turns 60 this weekend, its journey from colonial rubber-trading outpost to one of the most sophisticated commodities…
Business
Standard Chartered forms joint venture to issue stablecoins in Hong Kong
DARD Chartered said on Friday that it has formed a joint venture with strategic partners to apply for a license to issue stablecoins in…