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VinFast to spin off R&D assets in 39.8 trillion dong deal with founder
The newly-formed company, Novatech Research and Development, will be carved out from VinFast Trading and Production (VFTP) and will…
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OUE back in the black with H1 net profit of S$35.6 million
OUE recorded a net profit of S$35.6 million for the first half of 2025, reversing from the S$96.1 million loss in the year-ago period. The…
Business
Foxconn sees robust AI demand continuing after Q2 profit tops forecast
Foxconn expects higher third-quarter revenue, it said on Thursday (Aug 14), on robust demand for artificial intelligence servers, which…
Business
Frencken posts 9.9% rise in H1 profit to S$19.9 million
Semiconductor player Frencken on Thursday (Aug 14) reported a 9.9 per cent increase in profit to S$19.9 million for the first six months…
Business
Golden Agri-Resources’ H1 net profit rises 56.5% to US$160.3 million
Golden Agri-Resources recorded a net profit of US$160.3 million for the first half of 2025, a 56.5 per cent jump from the year-ago period,…
Business
Singapore stocks close lower on Thursday, tracking regional losses; STI down 0.4%
Stocks on the local bourse declined on Thursday (Aug 14), mirroring losses in regional markets, as investors anticipate a potential rate…
Business
Great Eastern to resume trading on Aug 21 as bonus issue lifts free float to above 10%
Great Eastern Holdings (GEH) is set to resume trading on the Singapore Exchange (SGX) on Aug 21, as a proposed bonus share issue will lift…
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Dentsu plans to cut about 3,400 overseas jobs to trim cost
The reduction, focused on headquarters and back-office functions in markets outside of Japan Japanese advertising company Dentsu Group…
Business
What is Merge Labs? The New Brain-Computer Startup Backed by OpenAI Challenging Elon Musk's Neuralink
After giving tough competition to Elon Musk in the AI chatbot domain, Sam Altman, chief executive of OpenAI, is now preparing to challenge…
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Who is Shane Daley? New York Man Charged With Cyberstalking 'Slain UnitedHealthcare CEO' Brian Thompson's Widow
A New York man was charged with cyberstalking by federal authorities for allegedly attacking the mourning family of , the UnitedHealthcare…
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CK Hutchison’s ports deal in focus as conglomerate reports 11% rise in H1 underlying profit
CK Hutchison posted a 11 per cent rise in first-half underlying profit on Thursday (Aug 14), as investors look for comments on the status…
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CK Hutchison sees ‘reasonable chance’ of US$22.8 billion ports sale going through
CK Hutchison said on Thursday (Aug 14) its US$22.8 billion ports business sale had a “reasonable chance” of going through after a plan to…
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Insurer Aviva raises dividend after jump in half-year profit
British insurer Aviva raised its interim dividend on Thursday (Aug 14) after reporting a 22 per cent jump in half-year operating profit,…
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Jollibee posts record sales as China business recovers
Top Philippine restaurant operator says net income rises 5.6% to 3.2 billion pesos in April-to-June quarter Top Philippine restaurant…
Business
China Aviation Oil H1 profit rises 18% to US$50 million on higher gross profit and associates’ share of results
Asia-Pacific’s largest physical jet fuel buyer China Aviation Oil (CAO) posted a net profit of US$50 million for the first half of its…
Business
China Aviation Oil H1 profit rises 18.4% to US$50 million on higher gross profit and associates’ share of results
Asia-Pacific’s largest physical jet fuel buyer China Aviation Oil (CAO) posted a net profit of US$50 million for the first half of its…
Business
Tencent’s AI restraint shows risk of Alibaba, JD food war
China’s biggest tech companies are bouncing back after years on the ropes with outsized ambitions to dominate in everything from robots…
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Sime Darby seeks loan to build Malaysian data centre for Google
The AI frenzy has fuelled demand for funding the centres in Asia, resulting in a series of record-breaking loans for operators Malaysian…
Business
Geely profit beats estimates amid reshuffle, sector scrutiny
Geely Automobile Holdings’ first-half profit beat estimates as sales soared and the carmaker sought to reduce costs, even as the wider…
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Sean Charles Dunn: DC Man Who Hurled Subway Sandwich at Federal Agent Charged with Felony Assault
A man has been charged with felony assault after attacking a federal agent with a Subway sandwich on a Washington, D.C. street earlier…
Business
How Nippon Paint tycoon Goh Cheng Liang grew his empire to a US$13 billion fortune
Singapore’s richest man Goh Cheng Liang, who died this week, kept a low profile for years compared with his other billionaire…
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Asian Stocks Advance as Nikkei Hits Record High, Expectations for Fed Rate Cut Grow
Asian equities advanced Wednesday, led by Japan's Nikkei 225, which hit an all-time high above 43,000 as trading resumed following a…
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Former South Korean First Lady Kim Keon Hee Jailed Amid Expanding Corruption Probe
South Korea's former first lady, Kim Keon Hee, entered the Seoul Nambu Detention Center on Wednesday, beginning her first day in prison as…
Business
Perplexity AI Makes $34.5B Surprise Bid for Google's Chrome Amid Antitrust Pressure
In a surprising move, a three-year-old startup, Perplexity AI, has offered a $34.5 billion all-cash deal to buy Google Chrome, home to…