GLP secures 2.5 billion yuan investment for China data centre
Logistics company GLP said on Tuesday (Aug 26) it had secured an investment of 2.5 billion yuan (S$449.5 million) from Zhejiang government-backed investors to expand its China…
Swedan Margen
I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.
Should investors belt up as Scoot dives into the red for the first time in 12 quarters?
Scoot, the budget offshoot of Singapore Airlines (SIA), has been adding routes to its network, including some that were previously served exclusively by Jetstar Asia. These are Okinawa in…
A*Star biotech spin-off Mirxes trims losses to US$28.4 million as top line grows
Higher revenue is driven by increased contributions from its early detection and precision multi-omics segment Local biotech startup Mirxes on Monday (Aug 25) posted a net loss of US$28.4…
Great Eastern sets sights on expanding high net-worth capabilities, doubling new business value
Great Eastern Life – the oldest and longest-established life insurance group in Singapore and Malaysia – has signalled plans to significantly grow its profitability. “We do have an…
China’s exports of semi-finished steel surge by more than 300%
China has more than quadrupled its exports of steel in semi-finished form so far this year, adding to an unprecedented flood of the metal even after a wave of trade actions. Semi-finished…
Danantara seeking 50 trillion rupiah in bonds from ‘patriot’ investors
Indonesia’s sovereign wealth fund has reported US$1 trillion in assets under management, and oversees nearly 900 state firms Indonesia’s newly established sovereign wealth fund…
Asia: Stocks down after Trump Fed firing, tariff threats
ASIAN stocks retreated on Tuesday after a series of market-rattling announcements by US President Donald Trump, including the unusual firing of a central bank official and threats to…
GIC in talks to invest in Goodman’s data centres: report
Singapore’s sovereign wealth fund GIC is considering a proposal to invest in data centre assets owned by Australian property firm Goodman Group, the Australian Financial Review…
Perplexity AI to share search revenue with publishers
PERPLEXITY AI on Monday said it will begin paying out millions of dollars to media outlets as part of a new model for sharing search revenue with publishers. The company’s media partners…
14 Singapore companies in fast-rising sectors are in Forbes Asia ‘100 to Watch’ 2025 list
India-based firms feature 18 times, while Singapore-based ones are tied for second with Japan-based companies Fourteen Singapore companies have been featured on the 2025 Forbes Asia “100…
Mastercard appoints new president for Asia-Pacific
Mastercard announced on Tuesday (Aug 26) that Richard Wormald, who is currently division president, Australasia at the company, will be stepping up as the new president, Asia-Pacific.…
Frasers Property unit to buy rest of Yishun 10 mall from Frasers Centrepoint Trust for S$34.5 million
Frasers Property is proposing to buy the remaining properties at Yishun 10 mall it does not yet own from Frasers Centrepoint Trust (FCT). This comes after Frasers Property, FCT’s sponsor,…
Gold hits two-week high as US dollar slips after Trump fires Fed’s Cook
Markets are now pricing in an 83% chance of a quarter-point rate cut at the Fed’s Sep 17 policy meeting, according to the CME FedWatch Tool Gold prices rose to a two-week high on…
Trump says he is removing Lisa Cook from the Fed board
President Trump said Monday he is removing Lisa Cook from her position as a governor on the Federal Reserve board, saying there is "sufficient reason" to believe she made false statements…
Stocks to watch: Frasers Property, Frasers Centrepoint Trust, Thomson Medical, Marco Polo Marine
The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 26): Frasers Property, Frasers Centrepoint Trust (FCT): Its wholly owned subsidiary…
Korean Air announces 103 Boeing jet order amid Trump-Lee summit
Korean Air announced an order on Monday for 103 Boeing airplanes coinciding with the visit of South Korean President Lee Jae Myung to Washington, sources told Reuters. The order,…
Talent a key priority for new GXS Bank CEO Lai Pei Si
It has been some two months since Lai Pei Si took over as chief executive officer of digital bank GXS Bank on Jun 1, and she is making talent her top priority. Lai said that people are the…
Trump signs proclamation honoring service members slain in Abbey Gate attack in Afghanistan
President Trump Monday honored U.S. military members killed in the Abbey Gate disaster in Kabul, Afghanistan four years ago. Source link
Trump says 15% tariffs on South Korea won't change after meeting with President Lee Jae-myung
President Trump said the U.S. trade deal with South Korea will remain in place, with 15% tariffs on South Korean goods, after meeting Monday at the White House with President Lee Jae-myung…
Kilmar Abrego Garcia re-arrested by ICE, judge blocks immediate deportation
ICE re-arrested Kilmar Abrego Garcia early Monday morning in preparation for a potential deportation to Uganda, but a federal judge ordered the government not to remove him -- for now.…
Kilmar Abrego Garcia rearrested by ICE, but judge blocks immediate deportation
Immigration and Customs Enforcement rearrested Kilmar Abrego Garcia early Monday in preparation for a potential deportation to Uganda, but a federal judge ordered the government not to…
Trump expands federal anti-crime agenda, enlists more agencies for the effort
President Trump on Monday ordered the National Guard to prepare for rapid deployment to fight crime across the country and enlisted more federal agencies to join his crime-fighting effort.…
Trump is ready to replace Department of Defense with Department of War
President Trump said Monday he is ready to rename the Department of Defense to the Department of War. Source link
Musk's xAI sues Apple and OpenAI, escalating billionaire's tech feud
Elon Musk on Monday ramped up his legal feud with OpenAI as his companies filed a new lawsuit against OpenAI and Apple accusing both of anticompetitive behavior in the artificial…