Business
Grab contributed as much as 0.8% of Singapore GDP in 2023: report - The Business Times
RIDE-HAILING company Grab added S$5.2 billion to Singapore’s economy in 2023 through its on-demand services such as ride-hailing and…
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Business
Business
BYD plans to sell plug-in hybrids in Japan - The Business Times
CHINA’S BYD could start selling its first plug-in hybrid vehicle in Japan this year, the company said on Friday (Jan 24), as it aims to…
Business
Jack Ma-backed Ant Group unit Anext Bank appoints CEO-designate - The Business Times
Digital wholesale bank Anext Bank, a wholly owned subsidiary of Jack Ma-backed Ant Group’s overseas unit Ant International, welcomed a new…
Business
Tesla launches new Model Y in US, Canada, Europe weeks after China - The Business Times
ELON Musk’s Tesla launched a new higher-priced version of the Model Y, its best-selling car, in the United States, Canada and Europe on…
Business
Analysts upgrade Frasers Centrepoint Trust to ‘buy’, citing its high retail portfolio occupancy - The Business Times
ANALYSTS have upgraded Frasers Centrepoint Trust (FCT) to a “buy” rating, citing its high retail portfolio occupancy and ongoing asset…
Business
LNG firm Venture Global gets US$1.75 billion in year’s biggest IPO - The Business Times
VENTURE Global raised US$1.75 billion in its initial public offering (IPO), pricing its shares in the middle of a marketed range. The…
Business
Hong Kong’s CKI is said to weigh sale of UK’s £4 billion Eversholt Rail - The Business Times
CK INFRASTRUCTURE (CKI) is evaluating options for Eversholt Rail, including a possible sale that may value the British rolling stock…
Business
Crypto’s richest man CZ turns venture capital firm into giant family office - The Business Times
ZHAO Changpeng “CZ”, a few months out of prison and worth US$70 billion thanks to the relentless crypto rally, is turning the former…
Business
No major impact from Johor data centres, US export ban: Keppel DC Reit manager - The Business Times
NEW data centres in Johor, Malaysia, and the US chip export ban are unlikely to have a big impact on Keppel DC Reit, said the manager on…
Business
Mitsubishi Motors considering not joining Nissan-Honda merger, Yomiuri says - The Business Times
MITSUBISHI Motors, a junior partner of Nissan Motor, is considering not joining a planned business merger between Nissan and Honda Motor,…
Business
JPMorgan boosts Jamie Dimon’s pay to US$39 million after record profit - The Business Times
JPMORGAN Chase lifted chief executive officer Jamie Dimon’s pay to US$39 million for 2024, a year in which the biggest US bank beat its…
Business
Texas Instruments forecast signals chip slump is persisting - The Business Times
TEXAS Instruments gave a disappointing earnings forecast for the current period, a sign it’s contending with still-sluggish chip demand…
Business
Cartier appeal helps Richemont reach 100 billion Swiss francs market value - The Business Times
SWISS luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs (S$149.2 billion) for the first time,…
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Michael 'Venom' Page Says He Still Has Unfinished Business at Welterweight
England's Michael "Venom" Page is stepping out of his comfort zone at UFC Saudi Arabia as he moves up to the middleweight division, but…
Business
US: Wall St subdued at open after previous session's jump; earnings in focus - The Business Times
US main stock indexes opened flat to slightly lower on Thursday (Jan 23), as investors paused after Wall Street’s strong performance in…
Business
Starhill Global Reit posts 1.1% rise in H1 DPU to S$0.018 - The Business Times
STARHILL Global Real Estate Investment Trust’s (Reit) distribution per unit (DPU) rose 1.1 per cent to S$0.018 for its first half ended…
Business
Vanke in talks to sell logistics firm stake to GIC: source - The Business Times
INDEBTED property developer China Vanke is in advanced talks to sell a controlling stake in VX Logistics to Singaporean sovereign wealth…
Business
Databricks caps US$15 billion fundraise with Meta as new investor - The Business Times
DATABRICKS, one of the world’s most valuable privately held tech companies, said on Wednesday (Jan 23) that it has raised more than US$15…
Business
Suntec Reit’s H2 DPU slides 13.9% to S$0.0315 - The Business Times
SUNTEC Real Estate Investment Trust’s (Suntec Reit) distribution per unit (DPU) slid 13.9 per cent to S$0.0315 for the second half of 2024…
Business
ByteDance plans US$20 billion capex in 2025, mostly on AI: sources - The Business Times
BYTEDANCE, the Chinese owner of TikTok, has earmarked over 150 billion yuan (S$27.9 billion) in capital expenditure for this year, much of…
Business
Cathay Pacific to cut profit payout to staff by around 50% - The Business Times
CATHAY Pacific Airways is planning to slash its profit-share payout to its workers by almost 50 per cent. The Hong Kong carrier is only…
Business
Hyundai Motor nears GM tie-up deal; sees revenue growth slowing in 2025 - The Business Times
SOUTH Korea’s Hyundai Motor said on Thursday (Jan 23) it is in talks with General Motors to supply commercial electric vehicles to its US…
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Cut-off yield on latest Singapore 1-year T-bill inches up to 2.95% - The Business Times
This is up from 2.71% offered in the previous auction that closed in October last year SINGAPORE’S latest one-year tranche of Treasury…
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Sembcorp launches short-term mobile solar farm at PSA’s Keppel Terminal - The Business Times
For three years, the renewable energy generated from the farm will be channelled to the national grid A new 18 megawatt-peak ground-mount…