Business
STMicro to acquire part of NXP Semiconductors’ sensor business for US$950 million
Purchase price consists of US$900 million to be paid up front, and US$50 million to be paid subject to the achievement of technical…
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Business
Business
STI falls on Friday, in tandem with most regional indices; STI down 0.3%
Across the broader market, advancers outnumber decliners 335 to 245 after 2.2 billion shares worth S$1.8 billion change hands The Straits…
Business
Intel to Lay-Off 24,000 Employees, Scrap Europe Projects in Major Restructuring Drive
Intel is set to slash about 24,000 jobs—nearly a quarter of its global workforce—by the end of 2025 as part of a sweeping cost-cutting…
Business
As Binance stays and Tokenize leaves, Singapore’s crypto sector is seeing change
Tokenize Xchange said on Sunday (Jul 20) that it will exit Singapore after failing to secure a Major Payment Institution (MPI) licence,…
Business
Staika Appoints New CEO Kritsanapong Charoenpit, Announces Global Expansion Strategy
Staika, the lifestyle and movement-based rewards platform, today announced the appointment of Kritsanapong "Nuk" Charoenpit as Chief…
Business
Tech firms to showcase AI innovations in a China under US sanctions
Tech firms huge and small will converge in Shanghai this weekend to showcase their artificial intelligence innovations and support China’s…
Business
JPMorgan raises STI target, upgrades real estate sector
Analysts from JPMorgan raised their target on the Straits Times Index (STI), with a higher base and bull target of 4,500 and 5,000,…
Business
China’s 1.2 trillion yuan mega-dam project lifts metals markets, but not a quick fix for glut
China’s launch of a 1.2 trillion yuan (S$218.5 billion) mega-dam project in Tibet has energised metal markets, though analysts warn its…
Business
China’s 1.2 trillion yuan dam project lifts metals markets, but isn’t a quick fix for glut
China’s launch of a 1.2 trillion yuan (S$218.5 billion) mega-dam project in Tibet has energised metal markets, though analysts warn that…
Business
Most Singaporeans are unprepared and underinsured for long-term care: Singlife
Only one in three Singaporeans have taken out additional insurance to cover the cost of long-term care, and more than half of them…
Business
The rise and fall of New Silk Road, one of the longest-running hedge funds in Singapore
Investment management firm New Silk Road announced earlier in July that it will be closing its doors after a 16-year run in Asia. Based in…
Business
Sony buys stake in ‘Gundam’ owner to grow anime business
Sony has bought a strategic 2.5 per cent stake in Japanese game franchise giant Bandai Namco, which owns Gundam and arcade classic…
Business
Asia: Markets turn lower as trade war rally fades
Asian stocks fell on Friday as their latest rally ran out of legs, with sentiment weighed by strong US jobs data that saw investors row…
Business
Gold holds dip as traders pare rate cut bets on US job strength
held a decline on Friday - but remained on track for a small weekly gain - as resilient US jobs data reinforced views that the Federal…
Business
China Reits see ‘significant turnaround’, with growth outpacing regional peers: Aprea
Chinese real estate investment trusts, or C-Reits, have outpaced some of their regional peers, including Singapore’s, in the first half of…
Business
China Reits make ‘significant turnaround’, with growth outpacing regional peers: Aprea
Chinese real estate investment trusts, or C-Reits, have outpaced some of their regional peers, including Singapore’s, in the first half of…
Business
Samsung pushes for diverse AI agents in Galaxy mobile devices
UNG Electronics is in talks with the likes of OpenAI and Perplexity AI to integrate more AI services in upcoming Galaxy devices, seeking a…
Business
China Everbright Water appoints new CEO, establishes sustainability committee
Xiong Jianping suceeds outgoing chief Tao Junjie who has been at the helm for nearly four years Water environmental management company…
Business
China Everbright Water appoints new CEO, sets up sustainability committee
Xiong Jianping succeeds outgoing chief Tao Junjie, who has been at the helm for nearly four years Water environmental management company…
Business
Advanced Systems Automations ex-CEO claims unauthorised funds transfers were for unpaid salaries
The company says the transfers do not have material impact on its financial position Advanced Systems Automations (ASA) on Thursday (Jul…
Business
Advanced Systems Automations ex-CEO claims unauthorised fund transfers were for unpaid salaries
Advanced Systems Automations (ASA) on Thursday (Jul 24) said that its former chief executive Seah Chong Hoe claimed that cheques issued to…
Business
Advanced Systems Automations’ ex-CEO says fund transfers were for unpaid salaries
Catalist-listed Advanced Systems Automations (ASA) on Thursday (Jul 24) said that its former chief executive claimed that cheques for more…
Business
Stocks to watch: OCBC, Keppel DC Reit, Frasers Centrepoint Trust, Suntec Reit
The following companies saw new developments that may affect trading of their securities on Friday (Jul 25): OCBC: OCBC’s subsidiary Great…
Business
Skydance’s merger with Paramount Global wins FCC’s approval
PARAMOUNT Global’s merger with Skydance Media was approved by the US Federal Communications Commission, which backed the deal after the…