Business
Lockheed Martin's Q2 profit plummets on US$1.6 billion charge
Lockheed Martin reported on Tuesday (Jul 22) that its second-quarter profit plunged by about 80 per cent, after the US defence giant…
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Business
Business
SPH Media lays off 11 workers with decommissioning of old printing presses
SPH Media will lay off 11 production workers, following the decommissioning of two of the company’s 30-year-old printing presses which…
Business
Aztech Global net profit drops 65.5% to S$16.1 million on subdued customer demand
Aztech Global’s net profit plunged 65.5 per cent to S$16.1 million, from S$46.7 million, for the first half ended Jun 30, 2025. Similarly,…
Business
Aztech Global H1 net profit drops 65.5% to S$16.1 million on subdued customer demand
Aztech Global’s net profit plunged 65.5 per cent to S$16.1 million, from S$46.7 million, for the first half ended Jun 30, 2025. Similarly,…
Business
OpenAI, Oracle to add 4.5GW US data centre capacity in AI expansion
OpenAI and Oracle announced they will develop 4.5 gigawatts of additional US data centre capacity in an expanded partnership, furthering a…
Business
SIA Engineering Q1 net profit rises 29.2% to S$42.9 million on strong MRO demand
Aircraft maintenance provider SIA Engineering Company (SIAEC) on Tuesday (Jul 22) reported a net profit of S$42.9 million for the first…
Business
HPH Trust records unchanged H1 DPU of HK$0.05 despite higher profit
Hutchison Port Holdings (HPH) Trust reported a distribution per unit of HK$0.05 for the first half ended Jun 30, 2025, unchanged from the…
Business
Temasek’s Azalea to issue Astrea 9 PE-backed bonds; interest rates to be decided
Azalea Asset Management, an indirect subsidiary of Temasek Holdings, will be launching a new series of bonds backed by 40 private equity…
Business
Temasek is back with another PE-backed bond offering - Astrea 9
Azalea Asset Management, an indirect subsidiary of Temasek Holdings, will be launching a new series of bonds backed by 40 private equity…
Business
Temasek unit Azalea is back with another PE-based bond offering - Astrea 9
Azalea Asset Management, an indirect subsidiary of Temasek Holdings, will be launching a new series of bonds backed by 40 private equity…
Business
Microsoft rushes to stop hackers from wreaking global havoc
Hackers exploited a security flaw in common Microsoft software to breach governments, businesses and other organisations across the globe…
Business
STI ends Tuesday flat as regional indices close mixed
The Straits Times Index (STI) closed flat on Tuesday (Jul 22), as regional indices showed mixed performances. The STI closed up 0.03 per…
Business
Chinese investors snap up Hong Kong stocks as flows near record
The accelerated buying comes as the Hang Seng China Enterprises Index has gained 24% this year Mainland Chinese investors’ purchase of…
Business
UK inks investment deals on £38 billion Sizewell C nuclear plant
The UK announced final approval for the Sizewell C nuclear power plant after securing private investment in the £38 billion (S$65.7…
Business
Thailand’s tourism slump and household debt weigh on its lenders
Thailand’s banks are grappling with weak lending amid high household debt, slowing tourism and sluggish consumer spending that risk…
Business
Aoxin Q&M Dental CEO resigns as whistle-blower report lodged
The company cites ‘differences in views and opinions’ with parent Q&M Dental regarding the direction of the dental business as the reason…
Business
Sanofi to buy Vicebio for up to US$1.6 billion in vaccine push
The French drugmaker will pay US$1.15 billion upfront with a commitment for potential milestones worth as much as US$450 million Sanofi…
Business
Julius Baer's first-half profit falls 35% on loan provisions, Brazil unit sale
Swiss bank Julius Baer posted a first-half profit of 295 million francs (S$473.5 million) on Tuesday (Jul 22), down 35 per cent…
Business
HSBC Global Private Banking appoints new senior leadership across S-E Asia, Australia markets
HSBC Global Private Banking announced on Tuesday (Jul 22) a series of senior appointments to deepen its coverage across South-east Asia,…
Business
Thai Cabinet approves Vitai Ratanakorn as next central bank chief
Thailand’s cabinet on Tuesday (Jul 22) gave its approval for Vitai Ratanakorn to be the next governor of the Bank of Thailand, a…
Business
The Insurance-Tech Breakthrough: How AI & Cloud Are Reinventing Risk Management by Siva Kumar Mamillapalli
The insurance industry is facing changes with the introduction of new technologies like artificial intelligence and cloud computing. These…
Business
Wing Tai unveils Hong Kong CDB mixed-use development joint venture with CSI Properties
The project will feature a dual tower structure, comprising a 28-storey office tower with some 10,600 sq ft of gross floor area and a…
Business
Wing Tai unveils Hong Kong CBD mixed-use development joint venture with CSI Properties
The project will feature a dual tower structure, comprising a 28-storey office tower with some 10,600 sq ft of gross floor area and a…
Business
Wing Tai Properties unveils Hong Kong CBD mixed-use development joint venture with CSI Properties
Real estate developer Wing Tai Properties announced a joint venture with CSI Properties – a mixed-use development in the Hong Kong central…