Bangladesh central bank unveils $4.9 billion in stimulus as growth slows
DHAKA, May 23 : Bangladesh’s central bank on Saturday announced a 600 billion taka ($5 billion) stimulus package to revive shuttered factories and support businesses as economic growth slows.The package aims to restart production, create jobs and restore business confidence, as export-oriented ind ...
Uber explores Delivery Hero takeover to fight DoorDash globally: sources
The ride-hailing giant has been making acquisitions overseas to strengthen its position internationally
Space ETFs booming in anticipation of SpaceX IPO
Analysts highlight sector growth but warn of overlapping holdings and niche market risks
Addvalue Technologies’ FY2026 earnings surge by 147.5% y-o-y to US$4.8 mil
Teo Zheng Long - Addvalue Technologies (SGX: A31 ) has reported earnings of US$4.8 million for FY2026 ended March 31, 147.5% higher y-o-y Revenue was up 59.9% y-o-y to US$24.8 million in FY2026, mainly due to its space connectivity (SPC) related business and advance digital radio (ADR) related business, which contin ...
Anthropic nears US$30 billion funding round to top OpenAI as most valuable AI startup
Each co-lead investor plans to inject roughly US$2 billion
UI Boustead REIT and Boustead Projects co-invest in $104 mil aerospace facility at Seletar Aerospace Park
Teo Zheng Long - UI Boustead REIT (SGX: UIBU ) announced that it has entered into various agreements to coinvest in the development of a build-to-suit aerospace facility worth $104 million at the Seletar Aerospace Park in Singapore. The facility will be developed by the REIT with the engineering, procurement and con ...
India raises diesel, petrol prices for third time in eight days
Retailers’ losses are getting compounded due a demand spike from bulk consumers
Law firm Fenwick agrees to pay $54 million in settlement over FTX work
WASHINGTON, May 22 : Prominent U.S. law firm Fenwick & West, which advised FTX before its 2022 blockbuster collapse and bankruptcy, on Friday said it will pay $54 million to resolve claims from FTX customers who alleged the firm helped enable one of the largest financial frauds in U.S. history. ...
AI or algorithm
Tong Kooi Ong + Asia Analytica - The next time someone casually uses the terms “artificial intelligence” and “AI”, perhaps pause for a moment and ask whether they truly know what AI means — because misusing the term is common these days. Almost every company claims to be “AI-enabled”, “AI-driven” or “AI-powered ...
The great data delusion — where to invest for AI winners
Tong Kooi Ong + Asia Analytica - The dominant narrative around artificial intelligence (AI) is simple: more AI means more data, more storage, more data centres — an endless, exponential buildout. New data is expected to multiply at a compound annual growth rate of 24% through 2028. Adding to the apparent chaos, much of this data ...
The AI grid rewrites the value chain
Tong Kooi Ong + Asia Analytica - As deployment of artificial intelligence continues to scale and the demand for compute surges, coordination becomes the key challenge. Specifically: how to allocate constrained computing resources efficiently and at scale. The AI grid is an emerging framework designed to address this challenge by ap ...
Wall Street rises, Dow hits record high as Middle East hopes lift sentiment
Semiconductor stocks, which have driven recent Wall Street gains, are mostly higher
Risky equity market? Not where you think
Tong Kooi Ong + Asia Analytica - The S&P 500 Index is now near its all-time record high, fuelled by investor exuberance for artificial intelligence-themed stocks. Stock prices — and valuations — have continued to rally, despite high oil prices, which are driving up inflation, and longer-dated interest rates. Rising headline ...
The math behind stock valuations
Tong Kooi Ong + Asia Analytica - A simplified valuation model for stocks (as we have often articulated) is Price or Value = E/(r-g) or PE = 1/(r-g) Where:
European shares end at more than one-month high on tech boost
Analysts expect a deal that includes opening the Hormuz to lift European equities
Should Singapore’s senior counsel title include corporate general counsel?
It’s time to reconsider the legal profession’s highest form of recognition
The benefits – and dangers – of optimism
Why you should (almost) always look on the bright side of life
Blue Origin to expand Florida campus with new $600 million facility
May 22 : Florida Governor Ron DeSantis on Friday announced a $600 million expansion of Blue Origin's Rocket Park campus in Cape Canaveral. The expansion comes as Blue Origin rival, Elon Musk's SpaceX, prepares to go public targeting a valuation of $1.75 trillion. Here are a few details on ...
Stocks climb, yields dip as investors focus on some progress in US-Iran talks
NEW YORK/MILAN, May 22 : Major stock indexes rose and Treasury yields eased on Friday as investors weighed the likelihood of a near-term deal to end the U.S.-Israeli war with Iran.Oil prices gained, with uncertainty surrounding the Iran talks still a concern.U.S. Secretary of State Marco Rubio said ...
Shein to buy apparel retailer Everlane
May 22 : U.S. apparel brand Everlane said on Friday it had reached an agreement to be acquired by online retailer Shein, giving the fast-fashion company ownership of a brand known for sustainability and supply-chain transparency.Everlane will remain independent, its CEO Alfred Chang said in a statem ...
USTR Greer sees no immediate chip tariffs but says protection important for sector
MANASSAS, Virginia, May 22 : U.S. Trade Representative Jamieson Greer said on Friday there were no imminent new U.S. tariffs expected to be imposed on semiconductors, but that it was important to protect the sector with duties to facilitate reshoring of chip production.Greer, speaking at a Micron Te ...
India regulator cracks down on seven in social media stock manipulation case
May 22 : India's markets regulator barred seven individuals from the securities market on Friday over allegations they manipulated shares of as many as 82 small companies through social media platforms.Here are the key details:• One Hemant Gupta, his wife, ex-wife and his four children allege ...
Oil prices settle higher on slow progress in US-Iran peace talks
HOUSTON, May 22 : Oil prices climbed on Friday, as investors worried that the U.S. and Iran would be unable to reach a peace agreement that would allow shipping traffic to return to normal in the Strait of Hormuz. Brent crude futures settled at $103.54 a barrel, up 96 cents, or 0.94 per cent. U.S. W ...
Dollar near six-week high amid Iran war jitters
NEW YORK/LONDON, May 22 : The dollar held near six-week highs on Friday as traders weighed the prospects of a near-term deal to end the Middle East war and assessed whether the Federal Reserve would raise interest rates if inflation continued to accelerate.The United States has seen some progress to ...
Google appeals US court ruling on search monopoly
May 22 : Alphabet's Google on Friday appealed a Washington federal judge's ruling that it holds illegal monopolies in online search and related advertising. Here are some details:• Google argued that U.S. Judge Amit Mehta made legal errors in his 2024 ruling, which found the company ille ...
Workday shares jump as AI demand eases investor concerns
May 22 : Workday shares jumped 8.5 per cent on Friday after the enterprise software maker beat first-quarter revenue and profit estimates, easing concerns that AI rivals such as Anthropic could rapidly disrupt demand for traditional vendors.Subscription revenue at the Pleasanton, California-based co ...
Activision shareholders reach $250 million settlement over Microsoft buyout
WILMINGTON, Delaware, May 22 : Shareholders of Activision Blizzard reached a $250 million settlement over allegations that the company's former executives and Microsoft shortchanged them when Microsoft acquired the game maker for $75.4 billion in 2023, according to a late Thursday court filing ...
Hyundai to recall over 421,000 US vehicles over software brake issue, NHTSA says
May 22 : Hyundai Motor is recalling 421,078 vehicles in the U.S. over a software error that may cause an unexpected application of brakes, the U.S. National Highway Traffic Safety Administration said on Friday.The recall covers certain 2025-2026 model Santa Cruz, Tucson, Tucson Hybrid, and Tucson Pl ...
UI Boustead Reit, Boustead unit to co-invest in S$104 million Seletar aerospace facility
Evan See - The real estate investment trust may fully purchase the asset after it gets a temporary occupation permit
Analysis:Space ETFs booming in anticipation of SpaceX IPO
PROVIDENCE, Rhode Island, May 22 : Space-themed exchange-traded funds are blasting off, with asset managers rushing to issue new products ahead of the much-anticipated IPO by industry giant SpaceX and investors jumping aboard the space bandwagon.Space-related ETFs have attracted $1.3 billion in new ...
Explainer-From Meta to SpaceX: how dual-class shares keep founders in control
May 22 : The dual-class share structure outlined in SpaceX's IPO filing, which grants CEO Elon Musk outsized control, has revived one of Wall Street's oldest debates - that of corporate governance.While such structures are hardly unusual in corporate America, particularly among founder-led ...
Fed’s Waller says next move as likely to be rate hike as cut
FEDERAL Reserve Governor Christopher Waller said he supports making clear the central bank’s next interest-rate move is just as likely to be...
SGX RegCo sets three year limit on cure period for suspended companies
Teo Zheng Long - The Singapore Exchange Regulation (SGX RegCo) announced that it will require suspended issuers to resolve substantive underlying concerns within three years as it works towards keeping trading suspension to the minimum and giving more certainty to the timeline for delisting. SGX RegCo explains that ...
Analysis:ECB, banks rift hampers Europe's efforts to loosen reliance on US payments giants
MADRID/MILAN, May 22 : Europe's push to curb its dependence on U.S. payments giants Visa and Mastercard has driven a wedge between the European Central Bank and financial firms keen to shield revenues, hobbling efforts to build a home-grown system, several people involved said.A surge in cashle ...
