Business
Thakral to receive S$13.1 million from sale of shares in UK beauty company, ahead of London IPO
Thakral’s remaining TBTG shares will be worth £18.1 million (S$31.5 million) immediately upon listing Singapore-listed Thakral Corp will…
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Business
Business
AMD signs AI chip-supply deal with OpenAI, gives it option to take a 10% stake
Advanced Micro Devices (AMD) said on Monday (Oct 6) it will supply artificial intelligence chips to OpenAI in a multi-year deal that would…
Business
Del Monte expects to raise US$500 million to US$600 million in private placement to tackle debt
The company is also considering asset disposals and engaging bankers on its loans Del Monte Pacific could raise between US$500 million and…
Business
Toyota Industries 4.7 trillion yen buyout plan faces antitrust delays
Toyota Motor chairman Akio Toyoda’s proposal to buy out Toyota Industries for 4.7 trillion yen (S$40.5 billion) has been delayed because…
Business
Singapore shares rise amid mixed regional showing; STI up 0.2%
Across the broader market, decliners outnumber advancers 326 to 240, after 1.4 billion securities worth S$1.2 billion change hands Shares…
Business
Tesla teases Tuesday event as focus shifts to affordable EVs
The teaser follows Tesla’s record quarterly deliveries for the three months ended September [AUSTIN, Texas] Tesla on Sunday (Oct 5) teased…
Business
AI adoption fuels growth of Singapore’s digital economy, growing to 18.6% of 2024 GDP
IMDA report says adoption rates of artificial intelligence in firms are up, bringing cost savings; workers say the tech has raised…
Business
Japan’s stocks zoom, yen slumps as Takaichi win dims BOJ hike bets
Japanese shares surged to a record high on Monday (Oct 6), while the yen and long-term bonds tumbled as Sanae Takaichi was all but…
Business
Tata Capital begins taking orders for 155 billion rupees IPO, India’s largest this year
Tata Capital started taking orders on Monday (Oct 6) for an initial public offering that may raise as much as 155 billion rupees (S$2.3…
Business
OCBC launches upskilling programme to turn mortgage specialists into wealth advisers
OCBC has launched an “intensive four-month” upskilling programme to train mortgage specialists as wealth advisers, equipping them with…
Business
Fullerton launches first retail fund under MAS’ S$5 billion EQDP initiative
It is offered as a collective investment scheme to retail, accredited and institutional investors in Singapore and selected international…
Business
Fullerton launches first retail fund under MAS’ S$5 billion equity initiative
It is offered as a collective investment scheme to retail, accredited and institutional investors in Singapore and selected international…
Business
DBS, UOB, OCBC keep an eye on risks while banking on tokenised assets for the future
Hurdles such as a talent shortage and regulations stand in the way of local banks Singapore banks are accelerating their push into asset…
Business
DBS, UOB, OCBC eye risks while banking on tokenised assets for the future
Singapore banks are accelerating their push into asset tokenisation, but they are wary of regulatory and talent hurdles. Take DBS, for…
Business
Thailand to ease IPO, foreign listing rules in market revamp
Thailand plans to simplify stock-listing procedures as part of a broader drive to strengthen capital market competitiveness and attract…
Business
UOBKH’s ‘conviction’ stock picks eye rotation to non-tech in China, bets on laggards in Malaysia
The brokerage advises investors to bank profits on Chinese tech giants and pivot to undervalued plays as markets consolidate As the third…
Business
UOBKH’s conviction calls eye rotation to non-tech in China, bets on laggards in Malaysia
The brokerage advises investors to bank profits on Chinese tech giants and pivot to undervalued plays as markets consolidate As the third…
Business
Competition heats up to challenge Nvidia’s AI chip dominance
No expert sees the Santa Clara, California, giant loosening its grip on the sector in the near future The artificial intelligence (AI)…
Business
Singapore Reits: the internal management model's tough task in gaining traction.
Giving birth to a listed real estate investment trust (Reit) with an internal manager in the Singapore market dominated by Reits and…
Business
EXCLUSIVE: Sebastian Picardo Joins London Jeweler Monica Vinader as CEO
LONDON— Luxury retail executive Sebastian Picardo has been named chief executive officer of the demi-fine jeweler Monica Vinader,…
Business
Brompton wants you to ride for yourself, and planet Earth
The manufacturing process is designed to cut waste at every stage, and its bicycle rims are mostly made from recycled aluminium MARKS and…
Business
Airlines go beyond first class to adapt to luxury-seeking flyers
Customers travelling in the top-class suites routinely get priority handling for check-in, security, boarding and baggage, as well as…
Business
US airlines go beyond first class to adapt to luxury-seeking fliers
United, Delta and American are among the major carriers overhauling their cabin layouts, including adding private suites on some widebody…
Business
Cordlife says operations for next 12 months will continue if suspension takes effect
This view is based on an assessment of its forecast cash flow and an analysis comprising multiple scenarios for possible outcomes…