Accenture forecasts quarterly revenue below estimates on cautious enterprise spending
March 19 : Accenture forecast quarterly revenue below estimates on Thursday, as clients remain cautious on spending on large IT transformation projects amid an uncertain economic environment.Shares of the Dublin, Ireland-based company were down 3 per cent in premarket trading.The company has been de ...
Swiss watch exports bounce back in February before war in Middle East
They rise 9.2% in February 2026 against February 2025
Singapore stocks fall as Fed holds firm; STI down 0.7%
Young Zhan Heng - Across the broader market, losers beat gainers 427 to 181, after 1.9 billion securities worth S$2.5 billion change hands
US agency upgrades probe into 3.2 million Tesla vehicles over FSD crashes
WASHINGTON, March 19 : The National Highway Traffic Safety Administration on Thursday escalated its probe into 3.2 million Tesla vehicles with Full Self-Driving driver-assistance on concerns the system may fail to detect or warn drivers in poor visibility.NHTSA first opened a preliminary evaluation ...
NHTSA deepens probe into Tesla's driver-assistance system
March 19 : The U.S. auto safety regulator has deepened a probe into Tesla's driver-assistance system to evaluate its effectiveness in identifying degraded road conditions after nine crashes linked to the technology including one that was fatal. The probe covers roughly 3.2 million vehicles, acr ...
US auto safety regulator opens probe into Tesla vehicles with FSD
March 19 : The National Highway Traffic Safety Administration opened an engineering analysis on 3.2 million Tesla vehicles in the U.S., equipped with Full-Self Driving, the U.S. auto safety regulator said on Thursday.
Hegseth wants Pentagon to dump Anthropic's Claude, but military users say it's not so easy
Pentagon staffers, former officials and IT contractors who work closely with the US military say they are reluctant to give up Anthropic’s AI tools, which they view as superior to alternatives, despite orders to remove them. After a dispute between Anthropic and the Pentagon over guardrails for ho ...
UOB CEO Wee Ee Cheong’s FY2025 pay down 20% at S$12 million, in line with profit drop
Renald Yeo - It is primarily made up of S$1.4 million in base salary and S$10.6 million in bonuses
UOB CEO Wee Ee Cheong’s FY2025 pay down 20% to S$12 million
Renald Yeo - It is primarily composed of S$1.4 million in base salary and S$10.6 million in bonuses
S’pore private residential market to remain resilient despite Mideast tensions: HSBC
Jovi Ho - Despite rising tensions in the Middle East, Singapore’s private residential market is expected to remain resilient, supported by owner-occupiers who contribute to the bulk of demand, say HSBC Global Investment Research analysts Rayson Khoo and Joy Wang. During periods of global uncertainty, local ...
Paris appeals court rejects government's request for suspension of Shein's marketplace
PARIS, March 19 : A Paris Court of Appeal on Thursday rejected the French government's request to suspend Chinese online platform Shein's marketplace, defeating an appeal by the state after a Paris court ruled against the government in December. Shein has been embroiled in a scandal since ...
Indonesia’s richest man, Djarum co-owner Michael Bambang Hartono, dies aged 86
Elisa Valenta - The tycoon had an estimated net worth of US$17.5 billion
Micron shares slip as hefty spending plans eclipse strong AI-fueled earnings
March 19 : Micron's shares dropped more than 4 per cent before the bell on Thursday, as the chipmaker's plans for heftier capex spending unnerved investors, taking the shine off another round of AI-fueled blockbuster quarterly earnings.Micron, whose shares have climbed more than 61 per cen ...
Singapore-based Crypto.com lays off 12% of staff, third cut in four years
The hardest hit departments include growth and customer relationship management
From chemical producers to sento baths, Japan feels the heat from Middle East supply crisis
TOKYO, March 19 : Japanese companies, from steel producers to chemical firms and even sento baths, are feeling the heat from reduced Middle East energy supplies, even as the government tapped stockpiles for a record oil release to soften the blow. Japan relies on the Middle East for around 90 per ce ...
Samsung Life to divest 1.3 trln won worth of Samsung Electronics' shares
SEOUL, March 19 : Samsung Life said in a corporate filing on Thursday that the company will divest 1.3 trillion won ($867.07 million)worth of its stake in Samsung Electronics.The decision is part of efforts to resolve risks from a local regulation on the governance of finance companies, it said. ($1 ...
UOB banks on stable renminbi as it plans 5 billion yuan Panda bond
The lender remains the only Singaporean bank in the Panda bond market
Taiwan central bank raises growth outlook, sees war impact on inflation
TAIPEI, March 19 : Taiwan's central bank on Thursday raised its growth outlook substantially for the year thanks to booming tech exports, but it also raised its inflation forecast, citing the impact of the war in the Middle East, and kept interest rates unchanged as expected. The central bank l ...
Taiwan central bank leaves key rate unchanged, raises growth outlook
TAIPEI, March 19 : Taiwan's central bank on Thursday raised its growth outlook substantially for the year thanks to booming tech exports, but it also raised its inflation forecast, citing the impact of the war in the Middle East, and kept interest rates unchanged as expected. The central bank l ...
Philippine jeepney drivers protest as rising fuel prices cut their pay
MANILA, March 19 : The ripple effects of the war in the Middle East are hitting home hard for Philippine jeepney driver Toni Prado, whose daily earnings have been gutted by soaring fuel prices.He was one of thousands of jeepney drivers who took to the streets across the country on Thursday to protes ...
Two-thirds of Singapore insurance asset managers plan to outsource fund management: survey
Therese Soh - Respondents from the city-state also say they aim to increase their allocations to private markets
Musk says Tesla may 'tape out' next-generation AI6 chips in December
SEOUL, March 19 : Tesla CEO Elon Musk said on Thursday that the automaker may be able to "tape out", a stage when a chip design is finalised and sent to a factory for production, its next-generation AI6 chips in December. Musk said last year that Samsung Electronics would make the AI6 chip ...
Deezer outlines new strategy after first annual profit, shares rise
March 19 : French music streaming platform Deezer said on Thursday it was reshaping its partnership offerings under a single brand after reporting its first ever annual profit late on Wednesday.The company's shares rose as much as 12.7 per cent, leaving the stock on track for its best day since ...
Samsung Elec plans over $73 billion investment in 2026 to lead in AI chip sector
SEOUL, March 19 : Samsung Electronics said on Thursday that it plans to invest more than 110 trillion won ($73.24 billion) this year in order to lead the semiconductor industry in artificial intelligence. The company said in a corporate filing that it was also seeking meaningful mergers and acquisit ...
Samsung Electronics plans over $73 billion investment to lead in AI chip sector
SEOUL, March 19 : Samsung Electronics said on Thursday that it plans to invest more than 110 trillion won ($73.24 billion) this year in order to lead the semiconductor industry in artificial intelligence. The company said in a corporate filing that it was also seeking meaningful mergers and acquisit ...
The revenge of the unloved building
Jaelle Ang - There is a type of investor who will spend three months negotiating two basis points off a cap rate and 40 minutes on the design brief. Oh yes, I have met him. This is not, as it might appear, a story about diligence. It is a story about what people choose to take seriously, and the long, slow invoi ...
NTT Global Data Centers plans to double capacity in AI boom
NTT GDC has seen increasing demand from companies moving more of their software and operations to the cloud
Oil surges past US$110, rattling Asia markets and clouding Fed rate-cut outlook
Benicia Tan - Analysts delay their rate-cut forecasts, concerned over sticky inflation amid higher energy prices
Asia stocks slide as oil fears overshadow Fed’s hold
Benicia Tan - Analysts delay their rate-cut forecasts on concerns over sticky inflation amid higher energy prices
BAE Systems to exit Kazakhstan's Air Astana
March 19 : British defence contractor BAE Systems will sell its remaining stake in Kazakhstan's Air Astana, the Kazakh company said on Thursday.BAE owns about 6.9 per cent stake, worth about $31 million based on the placing price of $5.10 per global depositary receipt, in the carrier. In Decemb ...
BAE Systems to sell remaining stake in Kazakhstan's Air Astana
March 19 : Kazakhstan's Air Astana said on Thursday Britain's biggest defence contractor BAE Systems will sell its remaining stake in the company.A day earlier, a bookrunner said a subsidiary of BAE would sell 6.1 million global depository receipts in Air Astana as part of a secondary offe ...
Fed will wait out war, monitor oil shock impact before acting on interest rates
The US central bank hinted that it may not cut rates until the fog from the Iran war has cleared
Prolonged Iran crisis to push buyers to non-Mideast supply, JERA executive says
TOKYO, March 19 : A prolonged U.S.-Israeli war with Iran could push buyers to non-Middle East suppliers such as the U.S. and Canada, said a senior executive at Japan's biggest power generator JERA, as the conflict spreads to energy infrastructure across the region."With 90 million metric t ...
Functionality first: Form always follows function for Swan & Maclaren architect Lim Chai Boon
Joanna Ong / The Edge Malaysia - It was his love of drawing that led architect Lim Chai Boon to apply for an architectural technician diploma at Singapore Polytechnic in the early 1980s. Instead, he was offered a place in a marine radio officer course. “I was rejected,” he says, amused at the memory. “But I was given a reserv ...
