Business
Travel platform Klook to delay US listing until early 2026: sources
The company expects investors to be more receptive to an IPO once the holidays are over Klook Technology plans to list in the US early…
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Business
Business
Singapore Bank OCBC’s shares hit record as wealth unit shines
OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago Oversea-Chinese Banking Corp (OCBC) shares hit a…
Business
OCBC’s shares hit record as wealth unit shines
OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago Oversea-Chinese Banking Corp (OCBC) shares hit a…
Business
OCBC shares continue record-breaking streak to hit S$18.95 as wealth unit shines
OCBC shares surged further to another new high on Wednesday (Dec 3) after a record-breaking performance on Tuesday. OCBC is supported by…
Business
Crypto’s retail traders hit hard as Strategy ETFs plunge 80%
Retail investors who piled into Michael Saylor’s grand Bitcoin experiment are paying a heavy price. Strategy, the company once hailed for…
Business
Indonesia assigns US$1 billion to Brics-led New Development Bank
Indonesia will assign US$1 billion to the Brics-led New Development Bank, further boosting ties with the group of developing nations. The…
Business
Aletheia Capital downgrades Wilmar to ‘sell’, cuts target to S$2.50 on legal woes
Aletheia Capital has lowered its rating on Wilmar International from “buy” to “sell” on the belief that the agribusiness group’s recent…
Business
Asian markets rise as US rate cut bets temper Japan bond unease
Stocks rose on Tuesday (Dec 2) following the previous day’s stutter as more weak US data helped solidify US interest rate cut optimism and…
Business
Bukit Sembawang Estates a ‘potential dividend powerhouse’: DBS
Bukit Sembawang Estates has been identified as a “potential dividend powerhouse” by DBS Group Research, which sees the possibility of a…
Business
Intel to invest additional RM860 million in Malaysia, PM says
Malaysian Prime Minister Anwar Ibrahim said US chipmaker Intel has announced an additional investment of RM860 million (S$208 million) in…
Business
Genting Malaysia to stay listed after privatisation bid flops
Genting Malaysia will remain listed after Genting said that it secured a 73.13 per cent stake in its offer to take its Malaysian unit…
Business
Genting’s New York casino licence buffers risks in Malaysia
The licence comes as the company’s Malaysia casino faces constraints amid local political headwinds Genting Group won a coveted New York…
Business
Ad giant Omnicom to cut over 4,000 jobs, fold legacy brands after IPG takeover
The advertising industry faces a serious threat as artificial intelligence reshapes creative production and tech giants Omnicom said on…
Business
Marco Polo Marine shares rise 7.5% on H2 profit surge
For the full year, net profit surges 169.7% to S$58.5 million, from S$21.7 million the year before Shares of Marco Polo Marine climbed 7.5…
Business
Gold edges lower as investors book profits
US rate futures are pricing in an 88% chance of a rate cut in December, according to the CME’s FedWatch tool Gold edged lower in early…
Business
Danantara’s US$1.4 billion Garuda play emerges as key reform test
The 76-year-old airline is a major employer and a key mode of transport for the country Indonesian sovereign wealth fund Danantara’s…
Business
Stocks to watch: UOB, Nio, Sanli
The following companies saw new developments that may affect trading of their securities on Tuesday (Dec 2): UOB: The bank announced on…
Business
UOB prices £750 million floating rate covered bonds due 2029
UOB announced on Tuesday (Dec 2) that it has priced £750 million (S$1.3 billion) floating rate covered bonds due June 2029. The issue date…
Business
Amazon’s giant anacondas reached their peak size 12 million years ago, study shows
A study of anaconda fossils shows that these snakes reached their maximum size 12.4 million years ago and then stopped growing. As some of…
Business
Singapore’s YouTrip enters Australian market
Singapore-based multi-currency wallet YouTrip has launched operations in Australia, marking the fintech company’s first geographic…
Business
Popiah King’s new Tee Yih Jia factory has one of Asia’s largest, fully automated warehouses
The S$500 million facility has a solar panel system that generates enough power for about 315 four-room HDB flats for a year Would a sheet…
Business
Why AI is now embedded ‘in almost everything we do’: OCBC’s Praveen Raina
The bank is investing in talent and expanding research partnerships with universities Artificial intelligence (AI) has become a catalyst…
Business
Wall Street ends lower as yields climb; crypto stocks drop
Markets have largely priced in a rate cut from the Fed at the conclusion of its two-day policy meeting on Dec 10 US stocks closed modestly…
Business
European shares kick off December on negative note; Airbus slides
European shares ended lower on Monday (Dec 1), with defence and Airbus-led industrial stocks weighing heavily on the main index, kicking…