India's RMZ to ramp up data center capacity with $35 billion push, exec says
June 19 : Indian diversified real estate and investment firm RMZ plans to scale its data center capacity to 2-3 gigawatts over the next five years as part of a $35 billion investment push, a senior company executive said.The Bengaluru-headquartered company, which currently has 250 megawatts of capac ...
US tells ASML it’s concerned one of its chipmaking tools may be in China
The Dutch firm has pushed back against those concerns
Turkish competition board approves Uber acquisition of Getir delivery business
ISTANBUL, June 19 : The Turkish Competition Board said on Friday it had approved Uber Technologies Inc.'s acquisition of the delivery arm of Turkey's Getir from Emirati controlling shareholder Mubadala."The commitment by Uber Technologies Inc. to invest a total of US$500 million in Tu ...
India court rejects Telegram's appeal against temporary blocking of app
NEW DELHI, June 19 : A New Delhi court on Friday rejected messaging app Telegram's appeal against a temporary ban in India, a setback for the platform that had challenged the prohibition imposed to curb alleged educational exam-related fraud.
Telegram loses bid to overturn India's temporary blocking of the app
NEW DELHI: Telegram on Friday (Jun 19) lost its bid to overturn an Indian government order temporarily banning the messaging app, with a New Delhi court ruling that the government's actions, aimed at preserving the
STI’s reserve list is more interesting than the STI itself
Kwan Wei Kevin Tan - It would be easy to think that the 60-year-old Straits Times Index (STI) is as set in its ways as its age suggests. More than a third of the blue-chip index’s constituents have remained unchanged since 1998, when it dropped its former name, the Straits Times Industrials Index (STII). Over 50% of t ...
New Temasek must be more than old wine in new bottles
Kwan Wei Kevin Tan and Felicia Tan - Given Temasek’s profile in the global investment community, scrutiny can be intense. Ask any retail investor and they will likely have an opinion on Singapore’s state investor, and not all of it is positive. Some point to misfires, such as its investment in the now-bankrupt cryptocurrency exchan ...
Beyond beaches or Bali: Singapore’s push for urban wellness tourism
Chong Xin Wei - A billion-dollar thermal bath facility is part of the city-state’s bid to grab a slice of the fast-growing pie
Singapore oil refiner Aster still on M&A hunt, ‘open’ to IPO as assets mature
Sharanya Pillai - The company’s power business is also exploring the possibility of energy imports from Batam to the city-state
Countries repatriating gold might be unaware of the downsides: LBMA
Kwan Wei Kevin Tan - Gold is on the move. Buyers, both retail, institutional and central bank, have been rushing to get their hands on the yellow metal. For those who already have their hands on it, comes the next question: Where do I store it? The conventional answer would have been to keep your gold at one of the worl ...
Wellness enters mainstream as longevity draws capital
Samantha Chiew - Ageing populations, wealthier consumers and rising demand for preventive care are turning wellness and longevity into one of the market’s broadest new themes Wellness, health and longevity are increasingly converging into a major investment theme, spanning preventive medicine, diagnostics, sleep, ...
Raffles Medical Group bets on longevity as healthcare shifts beyond treatment
Samantha Chiew - Wellness has become a catch-all term spanning gyms, spas, biohacking supplements and advanced technology. But within Raffles Medical Group (RMG), a structured, evidence-led shift is emerging. Earlier this year, Mainboard-listed RMG launched the Raffles HealthyLongevity Centre and R17, two distinct y ...
Asean, Russia reaffirm commitment to deepening cooperation at summit in Kazan
Singapore welcomes Russia’s support for Asean Centrality, PM Wong says
MetaOptics stays focused on unicorn ambition with new CEO
Felicia Tan - MetaOptics (SGX: 9MT ) may have a new CEO, but it’s very much business as usual, says Aloysius Chua, who was appointed executive director and CEO on March 1. Mark Thng, who held both roles as executive chairman and CEO, will remain as executive chairman. According to MetaOptics’ Feb 27 filing, t ...
MoneyMax taps pawnbroking and timeless gold to provide value across generations
Lin Daoyi - Despite banks being the largest type of financial institution in Singapore, pawnbroking, a business first recorded around 3,000 years ago in China, remains enduring and continues to grow from strength to strength. “We actually have social value because we provide a positive, immediate solution to ...
Thomson Medical Group, Johor Bay and its Southeast Asian ambitions
Felicia Tan - In its 47-year history, Thomson Medical Group has built a reputation as a leading provider of women’s and children’s services. Its 187-bed Thomson Medical Centre (SGX: A50 ) is known as one of Singapore’s leading maternity hospitals, accounting for more than 20% of births annually, according t ...
India's Nifty IT index at three-year low as bellwether Accenture flags weak outlook
BENGALURU, June 19 : India's Nifty IT index fell to a three-year low on Friday after bellwether Accenture forecast quarterly sales below Wall Street view, cut its annual revenue outlook and reported softer bookings in its managed services business.Shares of Indian IT companies, including TCS ...
Indian IT stocks tumble as bellwether Accenture flags weak outlook
BENGALURU, June 19 : India's Nifty IT index slumped 5.6 per cent on Friday after industry bellwether Accenture forecast quarterly sales below Wall Street view and lowered the upper end of its annual revenue outlook due to weakness in its Middle East business.Shares of Indian IT companies, in ...
Can the football save a World Cup too big for its boots?
Bob Holmes - Now that “the greatest event that humanity has ever seen” (according to Fifa president Gianni Infantino) is finally underway, George Orwell’s famous 1945 assertion that international sport was “war minus the shooting” has to be revisited. In 2026, football’s 23rd World Cup comes with the ...
When rockets lift off, can markets keep their feet on the ground?
Jeffery Tan - The rockets were not the only things soaring. The recent SpaceX IPO captivated investors worldwide, achieving a valuation that would have seemed unimaginable only a decade ago. The listing was hailed as a triumph of innovation, entrepreneurship and technological ambition. For many investors, it repr ...
Malaysia’s May exports surge 45.3%, topping forecasts as inflation rises 2%
The rise in outbound shipments is the quickest since August 2022
Malaysia’s May exports surge 45.3% above forecast as inflation rises a modest 2%
The rise in outbound shipments was the quickest since August 2022
Is the US stock market too big?
Jim O’Neill - Last month, Gemma Cheng’er Deng of King’s College London and I launched BRICS+ Thinking, a not-for-profit policy platform aimed at exploring collective solutions to the world’s biggest challenges in this age of “us versus them.” To mark the occasion, my former Goldman Sachs colleague Gavyn ...
Should you get excited about OpenAI’s upcoming IPO?
Assif Shameen - 2026 is turning out to be a bumper year for equity capital raising on Wall Street. Search giant Google’s parent, Alphabet, recently raised US$84.75 billion ($108.62 billion) in a secondary offering, with Warren Buffett’s Berkshire Hathaway taking a US$10 billion portion of the placement. Trillio ...
Mah Bow Tan-led Therme Singapore breaks ground on wellness facility with thermal baths, spas
Elysia Tan - The European group is establishing its regional headquarters in the city-state
Are we out of the woods yet?
Manu Bhaskaran - It has been a torrid few months, what with war in the Middle East, soaring oil prices, the US hurling more tariff threats against pretty much every other country in the world, and continued question marks over China’s economy. But there have also been hopeful developments. The US and Iran have agr ...
Hyphens Pharma: From dispensary to Asean’s dermatology specialist
Julian Wong / Beansprout - CEO of Hyphens Pharma International, Lim See Wah, did not start the company from scratch. First, he worked there. Fresh out of the National University of Singapore with a pharmacy degree, Lim joined the Singapore operations of a French-owned pharmaceutical company. Years later, after he left the com ...
Be flexible like water in fast-moving China market
Daryl Guppy - When a business decides to enter the Chinese market, it is always backed by extensive research and planning that cover the usual metrics. Before entering the market, it has decided how to position and price its products. As the military will tell you, no plan survives first contact with the adversar ...
Understanding price and value in the context of investing, Part 3
Thiveyen Kathirrasan - In the first two parts of this series (Issues 1233 (March 30) and 1236 (April 20) of The Edge Singapore), the definition and relationship between price and value in the context of investment analysis were discussed. The different scenarios between price and value were also examined, along with suita ...
Global capitalism bets it all on AI future, alarming voters
Shirin Ghaffary and Enda Curran - Days after filing confidentially to go public, Anthropic, the US$965 billion ($1.24 trillion) AI juggernaut that’s one of the fastest-growing startups of all time, dropped another bombshell. In a blog post, Anthropic suggested the world might benefit from a slowdown in the development of the very ...
Billionaires are fighting their heirs for control beyond the grave
Tara Patel, Devon Pendleton and Cindy Wang - Pierre Castel began planning for succession more than three decades ago. The French billionaire, founder of one of the world’s largest drinks empires, consolidated ownership of his business in a company in Gibraltar, then created a foundation in Liechtenstein, before finally setting up a trust in ...
We are not at the peak of the AI cycle: Eastspring
Kwan Wei Kevin Tan - It is hard to make sense of the AI investment story these days. Leading frontier AI companies like OpenAI and Anthropic are targeting trillion-dollar IPO valuations. Yet South Korea’s memory chip giants Samsung Electronics and SK Hynix weathered a brief selloff in early June. Samsung Electronics a ...
World Cup: Not just a major sporting spectacle, but also a growing investing theme
Lynnette Tania Lee - A room at the SpringHill Suites in East Rutherford, a Marriott-run hotel less than a mile from MetLife Stadium in New Jersey, cost about US$218 ($280) before the Fifa World Cup kicked off. For the weekend of the July 19 final, the same hotel is asking US$4,500 a night, with a two-night minimum booki ...
With no ‘sell in May’, SGX enjoys higher target prices on ‘strong’ May
Felicia Tan - The old market adage is to sell in May and go away, but whether that is accurate — or applicable to — trading activity on the Singapore Exchange (SGX) (SGX: S68 ) has again come in strong, prompting some analysts to raise their already bullish views on this stock. During the month, securities ma ...
