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META Platforms plans to spend between US$60 billion and US$65 billion this year to build out AI infrastructure, CEO Mark Zuckerberg said on Friday (Jan 24), joining a wave of Big Tech…
LIAN Beng Group’s board of directors – comprising the controlling Ong family – has proposed to acquire and privatise property developer SLB Development via a scheme of arrangement, the…
THOMSON Medical expects to report a loss after tax for the six months ended Dec 31, 2024, following a preliminary review of the unaudited financial results. This is mainly due to poorer…
A UNIT of Far East Orchard (FEO) has acquired an additional stake in its commercial property in Woodlands for S$25 million. Woods Square, an integrated commercial development comprising…
PRECISION plastic components manufacturer Fu Yu Corporation’s board of directors declined to appoint substantial shareholder Victor Lim as a director due to potential non-conformance to…
PRECISION plastic components manufacturer Fu Yu Corporation’s board of directors declined to appoint substantial shareholder Victor Lim as a director due to potential non-conformance to…
TWO electric vehicle (EV) charging operators won contracts to deploy public EV charging points across Singapore under a tender by the Land Transport Authority’s (LTA) subsidiary…
CHINA’S BYD could start selling its first plug-in hybrid vehicle in Japan this year, the company said on Friday (Jan 24), as it aims to expand its lineup in the country to seven or eight…
APPLE and Oracle have reacted differently to President Donald Trump’s pledge that the US government will not enforce a national security law that raised potential penalties for US partners…
ANALYSTS see China’s latest initiatives injecting at least one trillion yuan (S$186 billion) of additional flows in 2025 into its ailing stock market, with the most bullish calculation by…
ANALYSTS have upgraded Frasers Centrepoint Trust (FCT) to a “buy” rating, citing its high retail portfolio occupancy and ongoing asset enhancement initiatives (AEI) as positive signs for…
VENTURE Global raised US$1.75 billion in its initial public offering (IPO), pricing its shares in the middle of a marketed range. The Arlington, Virginia-based company sold 70 million…
GOLD prices edged higher and were on track for a fourth straight weekly gain on Friday (Jan 24), as uncertainty about US President Donald Trump’s trade plans took wind out of the US…
SINGAPORE shares ended slightly lower on Friday (Jan 24), following the Monetary Authority of Singapore (MAS) easing monetary policy settings and US President Donald Trump calling for…
ZHAO Changpeng “CZ”, a few months out of prison and worth US$70 billion thanks to the relentless crypto rally, is turning the former venture capital arm of his Binance Holdings into a…
NEW data centres in Johor, Malaysia, and the US chip export ban are unlikely to have a big impact on Keppel DC Reit, said the manager on Friday (Jan 24). The workloads in Johor are…
MITSUBISHI Motors, a junior partner of Nissan Motor, is considering not joining a planned business merger between Nissan and Honda Motor, sources told Reuters on Friday. Mitsubishi Motors…
JPMORGAN Chase lifted chief executive officer Jamie Dimon’s pay to US$39 million for 2024, a year in which the biggest US bank beat its own record for the highest annual profit in the…
US NEWS network CNN will shed six per cent of staff, some 200 people, the outlet said on Thursday as it embarks on a major shakeup of staffing and programming amid a deluge of political…
TEXAS Instruments gave a disappointing earnings forecast for the current period, a sign it’s contending with still-sluggish chip demand and higher costs tied to a factory expansion. Profit…
US main stock indexes opened flat to slightly lower on Thursday (Jan 23), as investors paused after Wall Street’s strong performance in the previous session and focused on corporate…
STARHILL Global Real Estate Investment Trust’s (Reit) distribution per unit (DPU) rose 1.1 per cent to S$0.018 for its first half ended Dec 31, 2024, from S$0.0178 in the year-ago period.…
THE distribution per unit (DPU) for OUE Real Estate Investment Trust (Reit) rose 8.7 per cent to S$0.0113 for the second half of its financial year ended Dec 31, 2024, from S$0.0104 in the…
MAPLETREE Pan Asia Commercial Trust’s (MPACT) distribution per unit (DPU) fell 9.1 per cent to S$0.02 for its third quarter ended Dec 31, 2024, from S$0.022 in the year-ago period. Revenue…
