Apple, Intel have reached preliminary chip-making deal, WSJ reports
May 8 : Apple and Intel have reached a preliminary agreement for Intel to manufacture some of the chips that power the iPhone maker's devices, the Wall Street Journal reported on Friday, citing people familiar with the matter. Intensive talks between the two companies have been underway for mor ...
Riverstone Holdings reports lower earnings of RM41.1 mil for 1QFY2026, down 27.1% y-o-y
Teo Zheng Long - Riverstone Holdings (SGX: AP4 ) has reported a net profit to equity holders of RM41.1 million for 1QFY2026, ended March 31, 2026, down 27.1% y-o-y. According to Riverstone, 1QFY2026 was a challenging quarter as the strengthening of the Malaysian Ringgit against the US dollar weigh on its revenue. De ...
Schools reach out to Canvas hackers as breach hits US classrooms, source says
May 8 : Some schools and universities whose students' data was stolen by a cybercriminal hacking group as part of an April breach of the educational tool Canvas individually sought to deal directly with the hackers to prevent data release, a source familiar with the matter told Reuters on Frida ...
Jumbo Group reports lower earnings of $6.2 mil for 1HFY2026, down 22.3% y-o-y
Teo Zheng Long - Jumbo Group (SGX: 42R ) has reported lower earnings of $6.2 million in 1HFY2026, ended March 31, down 22.3% y-o-y. Revenue increased 7.9% y-o-y to $105.1 million in the period, driven by higher revenue contribution from its Singapore operations. Revenue from the Singapore operations was up by 9.9% y ...
Dasmond Koh’s NoonTalk Media narrows Q3 loss by 41.9% to S$0.4 million
Young Zhan Heng - Revenue is down 3.3% year on year at S$683,895
US stocks: S&P 500, Nasdaq hit fresh peaks as tech stocks, jobs data lift sentiment
THE S&P 500 and the Nasdaq reached record highs on Friday, driven by gains in Nvidia and other technology stocks, while a...
Freeport Indonesia adjusts Grasberg production recovery, full resumption delayed until 2028
JAKARTA, May 8 : Freeport Indonesia has adjusted the "production recovery" schedule at its Grasberg Block Cave (GBC) underground copper mine, a company spokesperson told Reuters on Friday, with the mine now set to resume full operations in 2028. "Adjustment to the GBC production recov ...
BRC Asia reports record half year revenue of $931 mil in 1HFY2026, net profit up 24% y-o-y to $52 mil
Teo Zheng Long - BRC Asia (SGX: BEC ) has reported a net profit after tax of $52.0 million for 1HFY2026 ended March 31, an increase of 24% y-o-y. Revenue grew 30% y-o-y and stood at a record of $931.0 million on a half year basis during the period. However, the growth was partially offset by lower steel prices, in l ...
Porsche shutters three units as new CEO makes first job cuts
PORSCHE AG is closing three of its non-car-making units, with chief executive officer Michael Leiters cutting headcount for the first time to...
IMDA to upskill 40,000 tech professionals over three years amid AI disruption
Chloe Lim - It will co-chair a work group with Workforce Singapore to ensure programmes are relevant and responsive
Board diversity is good, but inclusion is important too: study of SGX listcos
Ranamita Chakraborty - Share of directors of locally listed firms who believe different perspectives will boost company performance is lower than global level
Frasers eyes residential project on Yishun 10 cinema complex site; redevelopment proposal submitted
Ry-Anne Lim - The proposal calls for rezoning of use from commercial to residential, with commercial space on the first floor
Amazon's Chile data center moves ahead after residents lose environmental challenge
SANTIAGO, May 8 : Patricio Hernandez lives on the northern outskirts of Chile's capital Santiago, a hilly area below the Andes mountains which he and other residents fear could be devastated by a major Amazon data center complex."This hill is very important to the community; it is a green ...
OCBC’s hidden treasure
Goola Warden - Treasury actually. Can OCBC’s Treasury & Markets be scaled to deliver consistent double-digit growth in total income and further boost total shareholder returns? OCBC’s relatively new group CEO Tan Teck Long’s dividend policy is to maintain a 50% payout ratio as analysts clamour for more s ...
Asean leaders seek coordinated strategy to ensure region’s food, energy security
Establishing a harmonised approach remains a big challenge for the region
Asean leaders call for coordinated strategy to ensure region’s food, energy security
Establishing a harmonised approach remains a big challenge for the region
Global equity funds draw inflows for the seventh week on earnings optimism
May 8 : Global equity funds attracted inflows for a seventh straight week in the period through May 6, supported by upbeat first quarter earnings and hopes for a U.S.-Iran peace agreement. Investors bought a net $4.35 billion of global equity funds during the week, though this was the smallest weekl ...
Upcoming EC projects that are exempt from new rules get a ‘bonus’, as buyers steer towards them: analysts
Chong Xin Wei - Scrapping of deferred payments could be a major blow to sales on sites sold in the future
Cloudflare's slowing growth disappoints investors betting on AI boost
May 8 : Cloudflare shares tumbled more than 15 per cent in premarket trading on Friday, after its quarterly revenue forecast disappointed investors who had bet the stock would be a major beneficiary in the race to adopt artificial intelligence.The networking and cybersecurity services provider will ...
European shares slide as Middle East tensions flare
EUROPEAN shares fell on Friday in broad-based losses, as an escalation in the US-Iran conflict lifted oil prices and dampened hopes that a...
Google has bit more time to address concerns in EU investigation, EU Commission says
BRUSSELS, May 8 : EU regulators are giving Alphabet's Google a little bit more time to sooth their concerns after a previous proposal from the company fell short, the European Commission said on Friday."Google is engaging with the Commission to defend itself and in other in order to offer ...
ECB is studying defences against Mythos-powered attacks, Lagarde says
[FRANKFURT] The European Central Bank is studying defences against cyberattacks powered by artificial intelligence model Mythos but, like the rest of Europe, it is...
Asian Development Bank to mobilise $30 billion to help ASEAN countries withstand external shocks
CEBU, Philippines, May 8 : The Asian Development Bank said on Friday it will mobilise $30 billion to ASEAN countries to advance their economic priorities and help them withstand external shocks."As the region's main bank, ADB is channeling financing, expertise, and a $30 billion pipeline o ...
Sony, Nintendo grapple with memory price surge as AI boom constrains supply
Consumers to pay higher prices for gaming consoles
Logitech bets on AI, gaming and business users as it raises spending, CEO says
ZURICH, May 8 : Logitech International will increase spending on product development and marketing this year, CEO Hanneke Faber said, even as concerns grow of a possible global economic slowdown fuelled by the Iran war.The Swiss-U.S. maker of keyboards, mice and video-conferencing equipment is betti ...
Logitech CEO plans to boost spending on R&D and marketing
ZURICH, May 8 : Logitech International (LOGN.S) will increase spending on product development and marketing this year, CEO Hanneke Faber said, despite concerns over a possible global economic slowdown triggered by the Middle East crisis.The Swiss-U.S. computer peripherals maker is looking to gaming, ...
Share of female board chairs at top 100 SGX listcos edges up to 10%: diversity council
Ranamita Chakraborty - With progress being made on gender diversity, the council is looking at other aspects such as skills, experience and age
Share of female board chairs at top 100 SGX listcos edge up to 10%: diversity council
Ranamita Chakraborty - With progress being made on gender diversity, the council is looking at other aspects such as skills, experience and age
Sony, TSMC plan new Japan joint venture for next-generation image sensors
The partnership will explore opportunities in physical AI applications such as automotive and robotics
SBS Transit Q1 profit slips 2.2% to S$15.6 million despite ridership gains
Young Zhan Heng - But its revenue grows by 4.8% to S$391.8 million
US hybrid-car sales soar, along with petrol prices
Hybrids are generally less expensive than EVs and there are more models to choose from
Asean must build collective resilience to brace for world of more disruptions and shocks: PM Wong
Tessa Oh - He says Asia will be the hardest hit given its high dependence on energy and other critical supplies from the Gulf
Uber-backed Lime reveals revenue surge in US IPO filing
May 8 : Lime, which operates an electric bike and scooter network and is backed by Uber Technologies, reported a jump in yearly revenue in its filing for a U.S. initial public offering. The San Francisco-based startup did not reveal the terms of the offering in the filing. Activity in the U.S. IPO m ...
Astronomers get the best look yet at the surface of an exoplanet
WASHINGTON, May 8 : Astronomers have gotten their clearest look yet at the surface of an exoplanet - a planet beyond our solar system - thanks to NASA's James Webb Space Telescope.Webb gathered data on a rocky exoplanet with a diameter about 30 per cent larger than Earth that indicates it is a ...
