British teens resist Australian-style social media ban
LONDON, March 16 : British teenagers, like their peers abroad, have a conflicted relationship with social media. They know it can feed them a diet of "brain rot" content that keeps them glued to their phones while making money for big tech. Yet it is central to their lives, and many do not ...
Hedge fund Palliser says Korean investors starting to embrace shareholder activism
SEOUL, March 16 : London-based hedge fund Palliser Capital said South Korea is becoming more receptive to foreign shareholder activism, with local investors joining more efforts to challenge how family-controlled conglomerates do business. Palliser has sought changes to unlock greater shareholder va ...
Spurred by Gulf war, Alaska LNG aims for go-ahead decisions in 2026-27 and exports in 2031
TOKYO, March 16 : War in the Middle East is spurring interest in Asia for gas from the $44 billion Alaska LNG project, top executives of lead developer Glenfarne said, who aim to make final investment decisions this year and next, and start shipping LNG in 2031.Final go-aheads for the project's ...
Taiwan's Foxconn books 2% fall in fourth-quarter profit, lags forecasts
TAIPEI, March 16 : Taiwan's Foxconn, the world's largest contract electronics maker, reported on Monday a 2.4 per cent fall in fourth-quarter profit versus the same period a year earlier, lagging estimates.Net profit for October-December for Nvidia's biggest server maker and Apple ...
Japan starts release of oil from reserves as war snarls flows
The global oil market has been pitched into turmoil by the war between the US, Israel and Iran
Vietnam braces for flight cuts from April after China, Thailand ban jet fuel exports
Hanoi has also seen reduced supplies from Singapore, the document shows
Alibaba creates AI tool for companies to ride China agent craze
The company’s latest product underscores its steady investment in a panoply of artificial intelligence services
Bank of Japan likely to stand pat as Iran war muddles outlook, sustain rate-hike bias
The central bank is set to maintain short-term interest rates of 0.75 per cent
Thousands of Singtel users report service outage, telco activates ‘rectification measures’
Previously, a mobile service outage affected Singtel customers for six hours in Nov 2025
SK On targets US energy storage market in shift from EVs
The Seoul-based company is playing catching up in the fast-growing LFP market
Ride-hailing app inDrive says revenue up 31% in 2025, eyes delivery expansion
ALMATY, March 16 : Ride-hailing application inDrive saw net revenue grow by nearly a third last year, founder and CEO Arsen Tomsky said, as profitability per ride improved following several years of rapid expansion.The privately held, U.S.-headquartered company is now looking to expand its delivery ...
ST Engineering, Addvalue ‘key beneficiaries’ of thematic defence tailwinds: Maybank
Felicia Tan - Investors looking to capitalise on emerging tailwinds in the defence sector may consider positioning themselves in Singapore Technologies Engineering (ST Engineering) and Addvalue Technologies. These companies are likely to be key beneficiaries of the rise in global defence spending and increasing u ...
Three-storey corner commercial building at 535 Kallang Bahru up for sale at $55 mil
Jovi Ho - A three-storey commercial building at 535 Kallang Bahru with an existing gross floor area (GFA) of around 36,207 sq ft is being offered at a guide price of $55 million, which translates to approximately $1,519 psf. Based on a maximum allowable GFA of 66,850 sq ft, the guide price translates to $823 ...
Taiwan likely to hold rates steady on strong economic growth: Reuters poll
TAIPEI, March 16 : Taiwan's central bank is expected to hold its policy interest rate steady this week and keep it in place into 2027, according to economists polled by Reuters, given the economy's robust performance and no impact yet from the war in the Middle East.In December, the centra ...
China’s ‘supergrid’ gives Xi buffer against energy shocks
The world’s No 2 economy has become one of the biggest investors in power grids globally
Stuck between inflationary and deflationary forces, Fed almost certain to keep rates unchanged
Officials warn any rate-cut plans will be shelved until the aftershocks of the Iran war become clear
Private AI: From sovereignty obligation to business advantage
Remus Lim - Across Asia Pacific, data sovereignty is shifting from a technical consideration to a strategic business priority. As organisations accelerate AI adoption, regulators, customers and boards are deep-diving into issues such as where sensitive data lives, who controls it, and how AI can be deployed at ...
Migrants key to Singapore private housing’s long-term health amid low births
Leslie Yee - More foreigners becoming PRs and citizens can support demand for private homes
With low birth rate, private housing market’s long-term health is critically dependent on migrants
Leslie Yee - More foreigners becoming PRs and citizens can support demand for private homes
URA launches Town Hall Link site for sale, set to ‘catalyse next phase’ of Jurong Lake District growth
Gerine Tang Yi Qian - The Urban Redevelopment Authority (URA) has released the 99-year Town Hall Link site in the Jurong Lake District (JLD) for sale under the Reserve List of the 1H2026 Government Land Sales (GLS) programme. The 3.7-hectare white site, which allows developers to integrate commercial, residential and hot ...
Singtel activates rectification measures after users report mobile service disruption
Some Singtel customers reported issues ordering or paying for food, accessing the internet for work and utilising their roaming.
Proposed sale of Hyatt Place Memphis Primacy Parkway terminated, says Acrophyte Hospitality Trust
Felicia Tan - The proposed sale of the 126-room Hyatt Place Memphis Primacy Parkway has been terminated by the purchaser, Shivam Patel, announced Acrophyte Hospitality Trust on March 16. The purchaser terminated the agreement via written notice before the expiry of the due diligence period, which had been mutuall ...
Nikkei falls a third day as Iran crisis stokes stagflation concerns
[TOKYO] Japan’s Nikkei share average slid for a third straight day on Monday as the Middle East crisis threatened longer-term damage to...
LTA awards S$199 million Downtown Line 2 contract to China Railway Tunnel Group
Shikhar Gupta - The group specialises in tunnelling and infrastructure projects
JP Morgan downgrades CDL and UOL to ‘neutral’ on tougher macro backdrop
Felicia Tan - JP Morgan analysts Mervin Song and Terence Khi have downgraded their calls on City Developments Limited (CDL) and UOL Group to “neutral” from “overweight”, citing a more challenging macroeconomic backdrop, particularly amid the conflict in the Middle East. In a March 16 report, Song and Khi ...
China's economy enters 2026 on firmer footing as risks build
China's factory output growth quickened in January-February while retail sales rebounded, in a steady start to the year for an economy confronting multiple challenges, including the fallout from the United
A fresh start for Jurong Lake District with Town Hall Link site released
Chong Xin Wei - Government to invest in key infrastructure to reduce uncertainties for developers; project will add at least 40,000 sq m of new...
Singapore business confidence slides for second straight quarter: SCCB
Shikhar Gupta - The Business Optimism Index has fallen to 4.1 percentage points for Q2
Flights at Dubai airport suspended after drone attack
Gulf Arab states have faced more than 2,000 missile and drone attacks since the outbreak of the US-Israeli war on Iran on...
Fire contained in vicinity of Dubai airport after drone attack, flights suspended
Gulf Arab states have faced more than 2,000 missile and drone attacks since the outbreak of the US-Israeli war on Iran on...
Fire near Dubai airport under control after drone attack, flights suspended
Gulf Arab states have faced more than 2,000 missile and drone attacks since Feb 28
Micron plans second chip facility at newly acquired Taiwan site
TAIPEI, March 16 : U.S. memory chipmaker Micron Technology said on Monday it plans to build a second manufacturing facility in Taiwan at the Tongluo site it recently acquired from Powerchip Semiconductor Manufacturing Corp.The new facility will help it expand supply of leading-edge DRAM products inc ...
Gold wavers near US$5,000 as Middle East war keeps oil prices elevated
Uncertainty over how long the war will last makes it difficult to assess the impacts on markets and the wider economy
SERT acquires cold storage facility in the Netherlands for €35 million, giving net yield of 6%
The Edge Singapore - Stoneweg Europe Stapled Trust has acquired a cold storage facility in the Netherlands for €35 million, or around $51.7 million. Based on the acquisition price, Transportweg 23-25, as this asset is called, provides a net yield of 6%. This marks SERT's first acquisition since 2022. The asset, w ...
