Culture
Singapore stocks rise on US-UK trade deal; STI up 0.7%
[SINGAPORE] Local stocks ended higher on Friday (May 9), as investors reacted positively to news of the US striking a trade deal with the UK – the first after...
Japan’s Panasonic targets 10,000 job cuts worldwide
The figure represents around 4% of the firm’s total workforce of nearly 230,000Published Fri, May 9, 2025 · 05:20 PM[TOKYO] Japanese electronics giant Panasonic said Friday (May 9) it...
Sembcorp, Aster sign over S$650 million in energy and utilities deals for regional projects
Both also ink an MOU to explore strategic initiatives across Singapore, Indonesia and rest of South-east Asia[SINGAPORE] Energy provider Sembcorp Industries and Aster Chemicals and Energy on Friday (May...
OCBC mulls capital management as it closes in on three-year target for S$3 billion incremental revenue
[SINGAPORE] As OCBC reaches the deadline for its three-year target to achieve S$3 billion in incremental revenue by 2025, it is setting its sights on staying resilient in an...
DBS, OCBC, UOB set aside extra allowances to account for heightened uncertainty
[SINGAPORE] The local banking trio have taken extra allowances in their first-quarter 2025 results amid a rise in uncertainty in the macroeconomic environment.DBS, OCBC and UOB each said this...
Singapore banks set aside extra allowances to account for heightened uncertainty
[SINGAPORE] The local banking trio have taken extra allowances in their first-quarter 2025 results amid a rise in uncertainty in the macroeconomic environment.DBS, OCBC and UOB each said this...
Nvidia modifies H20 chip for China to overcome US export controls: sources
[BEIJING] Nvidia plans to release a downgraded version of its H20 artificial intelligence (AI) chip for China in the next two months, following US export restrictions on the original...
Nissan drops plan for Fukuoka battery plant to focus on recovery
The company is betting on a broad restructuring and new leadership team helmed by chief executive officer Ivan Espinosa, who took office in April and pledged to turn things...
Indonesia seeks to end rice imports this year as output jumps
[JAKARTA] Indonesia is set to stop importing rice this year for the first time in decades, thanks to surging production and stockpiles in one of the world’s top growers...
Bain Capital to sell China data centre business likely valued at over US$4 billion: sources
[HONG KONG] US investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value the business...
