Fashion
Geopolitical conflicts cloud Singapore fund managers’ outlook for 2025: Imas survey
SINGAPORE fund managers are anticipating an escalation in geopolitical conflicts, which will leave a material impact on the global economy and financial markets. As a result, most do not...
Singapore police partner banks to prevent S$73 million in potential scam losses
Two-month operation relies on robotic process automation technology to detect possible victims, enabling authorities to reach out to them quickly MORE than 1,444 scam cases were thwarted through a...
Tyre maker Goodyear to sell Dunlop brand to Japan’s Sumitomo Rubber for US$701 million
GOODYEAR Tire & Rubber said on Tuesday (Jan 7) that it will sell its Dunlop brand to Japan’s Sumitomo Rubber Industries for US$701 million in cash as part of...
China renews car trade-in subsidy to boost hybrid, EV sales
CHINA has renewed a trade-in subsidy of up to 20,000 yuan (S$3,724) to help underpin sales of fuel-efficient vehicles, including electric cars and hybrids.Buyers who trade in an old...
Micron invests US$7 billion in Woodlands advanced packaging site; 1,400 jobs to be created
MICRON Technology broke ground on its high-bandwidth memory (HBM) advanced packaging facility on Wednesday (Jan 8) in Singapore, adjacent to its existing facilities in Woodlands. The company will invest...
Centurion hits record high, surges 6.3% after news that it is exploring a Reit listing
SHARES of accommodation assets operator Centurion surged 6.3 per cent on Wednesday (Jan 8) following the previous day’s news that it is exploring a real estate investment trust (Reit)...
Amazon’s AWS to invest US$11 billion in Georgia to boost AI infrastructure development
AMAZON.COM said on Tuesday (Jan 7) that its cloud computing division, Amazon Web Services (AWS), plans to invest about US$11 billion to expand its infrastructure in Georgia to support...
JPMorgan quits climate finance group, following Citi, Bank of America
JPMORGAN Chase just became the last of Wall Street’s biggest banks to abandon the industry’s largest climate-finance alliance.The No 1 US bank by assets said in an e-mail on...
China’s richest regions cut electricity prices to protect industries
MORE Chinese regions are cutting electricity prices to help out their embattled industries, which is likely to worsen the squeeze on profits at power suppliers. The richest coastal provinces...
STI ends up 1.5%; banks, Yangzijiang Shipbuilding lead gains
SINGAPORE shares ended higher on Wednesday (Jan 8), led by gains in the local banks and Yangzijiang Shipbuilding. The Straits Times Index (STI) expanded 1.5 per cent or 58.81...
