Japan refiners to diversify crude sources, explore support for Hormuz bypass routes
TOKYO, July 15 : Japanese oil refiners will diversify supply sources while exploring ways to support Middle Eastern producers, including pipeline expansion projects that bypass the Strait of Hormuz, the head of an industry group said on Wednesday.Here are details:• "It is of the utmost import ...
Exclusive-Files relating to India’s largest nuclear power plant Kudankulam exposed in data breach
BENGALURU, July 15 : Ransomware group World Leaks has posted on the dark web a huge cache of files related to India's largest nuclear plant, including purported blueprints of parts of its facilities and supplier details — information it labelled as coming from Reliance Group.The Kudankulam Nu ...
Japan to recognise cryptocurrency as 'financial assets', NHK says
TOKYO, July 15 : Japan's parliament has passed a law amendment to designate cryptocurrency assets as "financial assets," NHK news said on Wednesday. They previously fell under the "Payment Services Act."• As financial assets, cryptocurrency assets will be subject to strict ...
Seoul leads Asian stocks higher as US inflation eases rate fears
Asian stocks enjoyed a much-needed rally following a painful selloff in recent weeks as tech firms were battered by concerns over extended valuations and the vast sums invested in artificial intelligence.
The Ascott opens 90-key lyf Chinatown in conserved shophouses
Gerine Tang Yi Qian - The Ascott has opened lyf Chinatown Singapore, a 90-key social-living serviced apartment housed within a row of conserved shophouses and a new-build extension at 25 Mosque Street. City & Country understands that the conserved shophouses are owned by Warees Investments, a property developer and e ...
Where authorities are restricting data centres amid AI boom
July 15 : A growing number of governments, regulators and cities around the world are moving to freeze, restrict or ban new data centre construction, as concerns mount over electricity costs, strained water supplies, land scarcity and the burden on local communities from the infrastructure powering ...
Singapore tourism receipts climb 5.8% to S$8.6 billion in Q1 amid quality tourism push
Elysia Tan - Shopping is a key driver of spending, with 7 of the top 10 markets recording on the year growth in the component
China turns to electric taxis to soften Hormuz oil shock
Taxi usage and ridesharing are booming across Chinese cities, with trips up 6% since the Iran war
Zetrix AI sets its sights beyond Malaysia with Philippine blockchain deal, Nasdaq listing plan
Tan Ai Leng - The firm is building artificial intelligence doubles for politicians and businesses, starting with PM Anwar
Zetrix AI sets sights beyond Malaysia with Philippine blockchain deal, Nasdaq listing plan
Tan Ai Leng - The tech company is building AI doubles for politicians and businesses, starting with PM Anwar
Ng Chee Khern to succeed Edmund Cheng as CAAS chairman from Aug 1
Shikhar Gupta - Ng is currently director and chief executive officer of Iseas-Yusof Ishak Institute
New private home sales down 42.6% in June amid school-holiday lull, no new launches
Ry-Anne Lim - Developers sold 156 units, from the 272 units moved in June 2025
Intel turns to next-generation ASML tool to help make its laptop chips
The high numerical aperture equipment costs around US$400 million
F&B businesses to get funding, advisory support under new AI programme
Low Youjin - A UOB survey says that about one in three F&B operators have yet to adopt AI tools
Malaysia says higher energy prices will support subsidy spending
The government said it could spend up to RM40 billion (US$9.83 billion) on fuel subsidies this year
DeepSeek prepares for IPO filing as soon as 2027, eyes US$71 billion valuation: FT
The startup begins talks with potential backers for a fresh funding round after closing a US$7 billion round of financing
DeepSeek prepares for IPO filing as soon as 2026, eyes US$71 billion valuation: FT
The startup begins talks with potential backers for a fresh funding round after closing a US$7 billion round of financing
Citi shares drop as CEO Fraser plans deeper job cuts this year
The bank’s headcount fell by 5,000 in the past three months to 219,000
Exclusive-Stripe, Advent offer to buy PayPal for more than $53 billion, sources say
July 14 - Payments company Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the payments company at more than $53 billion, two people familiar with the matter said.The offer, submitted earlier ...
China slashes June oil refining volumes to six-year low as crude imports collapse
Processing volumes fall 18% year on year to 51.24 million tonnes – the lowest since March 2020
Yap of CGSI raises target price for SIA to $7.65
The Edge Singapore - Raymond Yap of CGS International has kept his "hold" call on Singapore Airlines but with a raised target price of $7.65, up from $6.44, on expectations of "very robust" 1QF2027 ended June earnings ahead given how fuel prices have corrected "sharply" while travel demand ...
1,800 pest management workers to benefit from sustainable pay rises under Progressive Wage Model
Pest management is the 10th sector to be covered by the model, which implements structured wage increases tied to skills and productivity enhancement.
Energy is the new water, says climate ambassador Ravi Menon
Janice Lim - Asean needs to come up with policy responses that allow for it to be traded in a way that all parties benefit
Asian stocks rise on drop in US inflation rate, with South Korea’s Kospi up 7%
The index’s surge comes ahead of the next test for the AI rally, with earnings due at ASML
Asian stocks rise after soft US CPI, Kospi rallies over 6% on SK Hynix wins
MSCI’s Asia Pacific equities gauge climbs 1.2% as shares also rose in Japan and Australia
Asian stocks rise on drop in US inflation, with South Korea’s Kospi up 7%
The index’s surge comes ahead of the next test for the AI rally, with earnings due at ASML
Misuse of driver-assistance systems biggest risk to road safety: survey
[MILAN/STOCKHOLM] Motorists’ misuse of driver-assistance technology and drivers being distracted by in-vehicle features, rather than mechanical problems, are the biggest risks for...
Gold holds gain as soft US inflation data reduces rate hike bets
Bullion nears US$4,050 an ounce, after rising 1.3% in the previous session
Gold slips as oil rally keeps inflation, rate outlook on investors' radar
Spot gold slips 0.6% to US$4,028.43 per ounce as at 0443 GMT
DBS targets S$1 trillion in AUM by 2030 as it steps up AI, hiring push
Tan Nai Lun - The bank plans to hire 600 more front-line advisers and platform engineers by end-2028
DBS's wealth management renews focus on customer journeys, targets $1 trillion in AUM by 2030
Goola Warden - Shee Tse Koon, Group Head of Consumer Banking and Wealth Management at DBS announced a new target of $1 trillion in assets under management by 2030, through deepening AI integration and investment in frontline and technology staff. DBS also plans to open 18 new wealth centres and to upgrade 36 exist ...
Dollar struggles as softer inflation dims Fed hike bets
HONG KONG, July 15 : The dollar extended its weakness on Wednesday after tumbling from a two-week high, as softer-than-expected inflation data curbed bets on a near-term Federal Reserve rate hike, despite concerns that elevated oil prices could fuel inflation risks. Against the yen, the dollar fetch ...
Who should own AI? The case against – and for – nationalisation
If AI carries a comparable dual-use risk, the argument goes, perhaps it deserves comparable treatment
Kuroda’s negative rate surprise shocked his own BOJ board, minutes show
Dissenters were concerned over Kuroda’s proposal to charge 0.1% interest on a portion of financial institutions’ deposits at the BOJ
