OpenAI seeks government backing to boost AI investments
CHATGPT creator OpenAI, the world’s largest private company, is asking the US government to provide loan guarantees for its massive infrastructure expansion that will eventually cost more…
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Fashion
Bill Gates doesn't regret his controversial climate memo
Last week, Bill Gates published a 17-page memo on his personal website that critics said pitted climate and public health efforts against each other, when they should instead be working in…
Stuck in traffic? Google Maps has a smarter AI assistant for you
Drivers navigating traffic on their morning commutes will be able to do much more than just find directions and the nearest gas station on Google Maps. In the coming weeks, Google will add…
EV maker Seres steps out of Huawei’s shadow with Hong Kong listing debut
For years, Seres Group leaned on Chinese technology champion Huawei Technologies to transform an assembler of cheap minivans into the maker of the country’s top-selling luxury vehicle.…
McDonald's beats sales estimates as value meals pull in cautious diners
McDonald’s beat estimates for third-quarter global comparable sales on Wednesday (Nov 5) as affordable meal offers from the fast-food giant helped whet demand even as consumers remained…
Thailand hunting down ‘gray money’ behind baht’s odd strength
It will synchronise data across government and financial institutions to detect unusual transfers The Thai government will set up a special team to track suspicious fund movements linked…
PropNex subsidiary sued for S$586,000 over alleged misrepresentation and breach of duty
A wholly-owned subsidiary of PropNex and two other defendants are being sued for at least S$586,172, allegedly over a breach of duty of care as well as negligent misrepresentation by one…
Bukit Sembawang Estates H1 earnings dip 25% after completion of two condo developments
Bukit Sembawang Estates’ net profit for the half-year ended September fell 25 per cent year on year to S$47.2 million, primarily due to a plunge of 61 per cent in revenue from its property…
Singapore shares slide amid tech bubble jitters; STI down 0.1%
Singtel is the index’s biggest gainer, while Yangzijiang Shipbuilding drops the most Local shares ended Wednesday (Nov 5) lower, on the back of a sharp sell-off overnight of tech and…
China bans foreign AI chips from state-funded data centres: sources
The Chinese government has issued guidance requiring new data centre projects that have received any state funds to only use domestically-made artificial intelligence chips, two sources…
Toyota raises profit outlook, bets it can ride out tariffs
The world’s top-selling carmaker now expects operating profit of 3.4 trillion yen (S$28.9 billion) for the financial year to end-March Toyota raised its full-year profit forecast on…
Newly launched iEdge Singapore Next 50 Index posts 18% return in H2 to date
The new iEdge Singapore Next 50 Index has made a strong debut, generating an 18 per cent indicativetotal return in the second half of 2025 thus far, the Singapore Exchange (SGX) reported…
Hong Kong exchange profit jumps 56% on trading, IPO boom
The benchmark index has surged 29% driving stock and derivatives trading to records Hong Kong’s stock exchange reported another record quarter as trading and initial public offerings…
CDLHT sets up S$1.5 billion multicurrency debt issuance programme
CDL Hospitality Trusts (CDLHT), a stapled group consisting of CDL Hospitality Real Estate Investment Trust (H-Reit) and CDL Hospitality Business Trust (HBT), announced the establishment of…
Bank of America’s Asia-Pacific president sees a silver lining in US dollar volatility
Investments in South-east Asia to flow to digital infrastructure, data centres, healthcare, says BOA’s Jin Su The US dollar has lost significant value in 2025 amid tariff uncertainty,…
Stocks tumble as stretched valuation fears grip markets
The warnings come as a surge in enthusiasm for generative AI has swept across stock markets worldwide this year, drawing comparisons to the dot-com bubble Asian stocks dived on Wednesday…
China’s US$470 billion oil and gas splurge is just the start
The Asian nation still consumes far more than it produces, and that is unlikely to change any time soon Some 20 kilometres out from the port of Tianjin, in the jade waters of the Bohai…
Gold edges up on bargain-hunting as market awaits US jobs data
Bullion hit a record high of US$4,381.21 on Oct 20, but has fallen close to 10% since then. Gold prices edged higher on Wednesday (Nov 5) as bargain hunters stepped in after bullion…
Yangzijiang Shipbuilding falls 2.9% after BlackRock sells 37.8 million shares
Shares of Yangzijiang Shipbuilding fell as much as 5 per cent on Wednesday (Nov 5) after asset manager BlackRock ceased to be a substantial shareholder. BlackRock sold about 37.8 million…
UPS cargo plane crashes in Kentucky, leaving at least 3 killed, 11 injured
UPS said on Tuesday one of its wide-body cargo planes with three crew members on board crashed in Louisville, Kentucky, and video from local television channels showed the aircraft…
Tesla’s UK car sales halve in October, New Automotive data shows
TESLA’S UK car sales halved year-over-year in October, data from research group New AutoMotive showed on Wednesday, echoing the steep falls the US electric vehicle maker saw in other…
Parkway Life Reit Q3 DPU up 2.3% at S$0.1156
Parkway Life Reit has raised its third-quarter distribution per unit (DPU) by 2.3 per cent to S$0.1156 from S$0.113 in the previous corresponding period. Distributable income stood at…
Bitcoin falls below US$100,000 as risk-off mood weighs on crypto
Bitcoin has wiped out its summer rally, giving back gains made during Wall Street’s euphoric embrace and a surge in institutional buying. The original cryptocurrency fell as much as 7.4…
Singapore not aiming for Singdollar to be reserve currency: MAS’ Chia Der Jiun
It has safe‑haven appeal and other attributes of a reserve currency, but lacks scale, analysts say The Monetary Authority of Singapore (MAS) does not seek for the Singapore dollar to…