Business
South-east Asia’s digital economy revenue set to hit US$100 billion in 2025: e-Conomy report
The region’s gross merchandise value is also expected to grow to US$305 billion this year The digital economies of South-east Asia are…
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Business
South-east Asia’s digital economy revenue set to hit US$135 billion in 2025: report
The region’s gross merchandise value is also expected to grow to US$305 billion this year The digital economies of South-east Asia are…
Business
CSE Global issues 63 million warrants to Amazon unit, tied to US$1.5 billion spending target
Mainboard-listed systems integrator CSE Global has entered into an agreement to issue 62,968,580 new warrants to a wholly owned subsidiary…
Business
CSE Global issues 63 million warrants to Amazon unit, tied to US$1.5 billion spending target; soars 6.6% to 10-year high
Mainboard-listed systems integrator CSE Global has entered into an agreement to issue 62,968,580 new warrants to a wholly owned subsidiary…
Business
Vietnam's Fruit, Vegetable Exports Hit Record US$7 Billion in First 10 Months
In the first 10 months of 2025, Vietnam's fruit and vegetable exports totaled over US$7.09 billion, up 15.1% year over year, according to…
Business
Analysts positive on Singtel unit’s S$1.5 billion Bharti Airtel sale
Separately, Singtel and KKR are in talks to acquire all of ST Telemedia Global Data Centres they do not already own for more than S$6.4…
Business
Metsera accepts Pfizer’s US$10 billion bid in ongoing M&A battle
OBESITY drug developer Metsera said on Friday that it had accepted Pfizer’s US$10 billion acquisition offer, in what could spell the end…
Business
EV maker Rivian gives CEO a Musk-style pay package worth up to US$4.6 billion
EV MAKER Rivian on Friday said it was giving its CEO a pay plan worth as much as US$4.6 billion over the next decade, a deal similar to…
Business
Siemens wins $2.5 billion order from Swiss railway for 116 trains
A Siemens Mobility "Mireo" train stands in Buchloe station after a test run. Germany's Siemens Mobility has received an order by…
Business
Ikea profit falls 26% to 1.7 billion euros as US tariffs fuel costs
Overall sales from the company’s stores across 63 markets around the world fall for a second year in a row Sweden’s Inter Ikea, which…
Business
Singtel unit sells 0.8% stake in Bharti Airtel for about S$1.5 billion, booking estimated S$1.1 billion gain
The sale reduces Singtel’s effective stake in Bharti Airtel from 28.3 per cent to 27.5 per cent Singtel has unlocked S$1.5 billion from…
Business
OCBC Q3 profit flat at S$1.98 billion; beats expectations
OCBC’s net profit was flat for its third quarter, supported by higher non-interest income and lower allowances, it said on Friday (Nov 6).…
Business
Tesla shareholders approve US$878 billion pay plan for Elon Musk
Tesla CEO Elon Musk scored a resounding victory on Thursday as shareholders approved a pay package of as much as US$878 billion over the…
Business
Singtel offers US1.2 billion stake in Bharti Airtel, terms show
A Singapore Telecommunications unit offered to sell shares in Indian mobile carrier Bharti Airtel in a deal that may fetch US$1.2 billion,…
Business
Yangzijiang Financial not proceeding with one billion yuan investment in Chinese lithium battery producer
Subsidiary Jiangsu New Yangzi Commerce & Trading and two strategic investors fail to secure an approval from Ningbo Shanshan’s creditors…
Business
Yangzijiang Financial aborts one billion yuan investment in Chinese lithium battery producer
Subsidiary Jiangsu New Yangzi Commerce & Trading and two strategic investors fail to secure approval from Ningbo Shanshan’s creditors…
Business
CapitaLand Investment’s 9M revenue dips 25.5% to S$1.6 billion after CLAS deconsolidation
CapitaLand Investment reported a 25.5 per cent plunge in total revenue to about S$1.6 billion for the first nine months of 2025, from…
Business
Singtel rises 5.4% to all-time high amid talks of US$3.9 billion data-centre deal
The telco and KKR & Co are in the late stages of discussions to buy more than 80% of ST Telemedia Global Data Centres for over S$5 billion…
Business
Australia’s NAB CEO says housing is greatest societal challenge as bank books A$7.09 billion profit
NAB and the rest of Australia’s ‘Big Four’ banks rely heavily on the strength of the housing market National Australia Bank (NAB) chief…
Business
KKR, Singtel seek to fully own Singapore data centre firm in US$3.9 billion deal
KKR & Co and Singapore Telecommunications are in advanced talks to buy more than 80 per cent of ST Telemedia Global Data Centres – which…
Business
UOB’s nearly S$1 billion in extra allowances akin to ‘buying insurance’: CEO Wee Ee Cheong
UOB’s decision to increase allowances by almost S$1 billion – which led net profit to tumble by more than two thirds – for the latest…
Business
Nissan sells Yokohama headquarters for 97 billion yen as part of restructuring
Nissan Motor said on Thursday it has concluded a 97 billion yen (S$840 million) trust beneficiary rights transfer agreement to sell and…
Business
S$1 billion jump in allowances slash UOB Q3 profit to S$443 million
Move made ‘amid evolving macroeconomic conditions’; operating results down 16% at S$1.8 billion UOB’s net profit for the third quarter…
Business
DBS Q3 profit down 2% to S$2.95 billion; beats expectations
DBS’ net profit for the third quarter ended Sep 30, 2025, fell 2 per cent to S$2.95 billion, compared with S$3.03 billion from the…