Lufthansa expects challenging second half of 2026 but sees growth in Asia Pacific
The German airline group tells CNA’s Yasmin Jonkers that geopolitical tensions, higher costs and sustainability pressures will continue, even as demand in the Asia-Pacific region remains strong.
Seatrium moves closer to bringing new floating energy solution to market
Lin Daoyi - Seatrium has transferred its first electron from its Floating Living Lab (FLL) to Singapore’s electricity grid, according to a July 3 announcement. With this milestone, Seatrium moves closer to bringing its floating energy infrastructure solution to the market, expanding its energy solutions again ...
Memory chipmaker Kioxia ships next-gen samples as AI boom fuels dramatic comeback
Its stock price surges more than sevenfold this year, to a market capitalisation of more than US$250 billion
Eneos secures enough crude through September, seeks source diversification
TOKYO, July 3 : Eneos Holdings, Japan's biggest oil refiner, has stabilized its oil procurement and secured sufficient alternative crude supplies through September after the Iran war disrupted Middle Eastern supply, its chief financial officer said. "We have a good outlook for supplies thr ...
Toyota and Daimler to reduce stakes in Archion, selling shares up to worth $1.87 billion, Nikkei says
TOKYO, July 3 : Automakers Toyota Motor and Daimler Truck will reduce their stakes in truckmaker Archion this month, selling shares worth 200 billion to 300 billion yen ($1.24 billion to $1.87 billion), the Nikkei daily business reported on Friday.Toyota and Daimler will offer approximately 900 mill ...
Toyota and Daimler to cut Archion stakes, selling shares worth up to $1.87 billion, Nikkei says
TOKYO, July 3 : Toyota Motor and Daimler Truck will reduce their stakes in truckmaker Archion this month, selling shares worth 200 billion to 300 billion yen ($1.24 billion to $1.87 billion), the Nikkei daily business reported on Friday.Toyota and Daimler will offer approximately 900 million shares, ...
Carlsberg confidentially files US$700 million India IPO
The offering, expected to comprise a secondary share sale by the brewer, can take place later this year
The AI trade is losing one of its key signals
An index tracking what users pay for AI tokens is down almost 20% from a high in May
Hong Kong regulator targets IPO book building in new enforcement push
The watchdog finds that insiders are funding orders to artificially inflate public demand, sources say
Exclusive-World's biggest domain seller fears India's fake site crackdown could damage internet
NEW DELHI, July 3 : The world's biggest internet domain seller, GoDaddy, has warned that India's crackdown on fake websites impersonating famous brands will make the internet less safe for legitimate businesses and carry global ramifications.Soaring smartphone and internet use has coincide ...
South Korean conglomerates unveil $195 billion of investment in industrial projects
SEOUL, July 3 : South Korean conglomerates SK Group, Hyundai Motor Group and Hanwha on Friday unveiled investment initiatives spanning robotics, manufacturing AI, self-driving mobility and space projects for the country's southeast. The business groups announced the decisions at an event announ ...
What the world’s wealthiest family-backed organisations know about money and hype
Lessons that entrepreneurs, professionals and investors can learn from patient capital
Personal data of 70,000 people compromised after cybersecurity incident involving SLA vendor IBM
Shikhar Gupta - Names, NRIC numbers and then-property addresses are affected
Personal data of 70,000 people compromised after cybersecurity involving SLA vendor and its cloud
Shikhar Gupta - [SINGAPORE] The Singapore Land Authority (SLA) has disclosed that a cloud environment managed by IT software giant IBM suffered cybersecurity incident involving...
Oil may slump to US$60 as Hormuz shock from US-Iran war fades: Citi
Among other banks, Goldman Sachs Group has said the global oil market is set to swing back into oversupply
Chip industry urges US to avoid moves that distort memory market
Shortage sparks policy debates beyond buying from blacklisted Chinese memory makers
URA releases carved-out Jurong Lake District site for sale
Ry-Anne Lim - This will kickstart its development as the largest mixed-use business district outside the city centre
TikTok slashes content moderation teams globally; Singapore among markets affected
Benjamin Cher - Decision to cut roles in the city-state is part of move to strengthen the operating model for trust and safety
It's never too late to rethink policies
Felicia Tan - Policies are fixed, people aren’t. The Association of Banks in Singapore (ABS) proved that when they announced, on June 25, that the three Singapore banks — DBS, Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) — and Nets have pledged to provide an ATM, branch or cashp ...
MAS partners finance industry players to develop safeguards for AI agents
Chloe Lim - The move comes as these entities increasingly carry out tasks autonomously
Building wealth with clarity, control and purpose across Asean with advisory-led Islamic wealth solutions
The Edge Singapore - It took the Islamic finance industry nearly 35 years to reach US$1 trillion ($1.29 trillion) in global assets. The second trillion followed in just four years. These include asset classes like Islamic banking, sukuk (Islamic bonds), Islamic funds and takaful (Islamic insurance). Today, Islamic finan ...
Local firms powering Singapore’s strong green revenues
Lin Daoyi - With around six million residents, Singapore accounts for 0.07% of the global population. Yet, the city-state contributes US$31 billion ($40.12 billion), or approximately 0.55% of global green revenues, an outsized contribution if viewed from a population-to-revenue ratio perspective. Listed compani ...
‘Generational’ investment opportunity in green economy: LSEG
Lin Daoyi - Green equities delivered a compound annual growth rate of 18% between 2015 and 2025, compared with 12% for the global equities index, notes the Investing in the Green Economy 2026 report by London Stock Exchange Group (LSEG). The data was drawn from the FTSE Environmental Opportunities All Share (EO ...
More Asia investors turning to Europe for diversification in multi-polar world, says DWS
Jean Low - They are also looking at themes beyond the first wave of investments into AI
OCBC looks to customer journeys, avatar banking and data lakes for revenue growth
Goola Warden - As part of OCBC’s group CEO Tan Teck Long’s Next Frontier strategy, its consumer banking wealth management segment aims to onboard 600 relationship managers (RM) within three years. The bank does not reveal its current number of RMs. According to Sunny Quek, group managing director and head of g ...
Can sustainability make money? Yes, say professional investors
Lin Daoyi - Businesses exist to make money, and sustainability is critical to assessing how companies generate profits and create shareholder value. This was the view of a panel of professional investors at the inaugural SGX Group-Gprnt Climate Action Forum held on July 2 at Shenton Way. Fullerton Fund Manageme ...
Relocation specialist Chasen rides chip growth; eyes more solar panel projects
Teo Zheng Long - The ongoing AI-led capex has resulted in positive spillovers for business sectors far and wide. As semiconductor-related firms invest in new capacity across various localities, their very expensive and somewhat fragile equipment has to be moved by specialised companies, such as Singapore-listed Chas ...
How global value chains are reconfiguring in the Age of Brutal Geonomics
Andrew Sheng - The geoeconomic world, where geopolitics trumps business, is divided into clusters of manufacturing, services/software and tech resource blocs that are connected via global value or supply chains (GVCs). The Strait of Hormuz illustrates vividly how chokepoints can disrupt not only energy supply but ...
Vertiv bets on Johor as AI infrastructure boom shifts from data centres to manufacturing
Tan Ai Leng - While 75% of production from its Senai facility caters to Malaysia, the remainder will serve other markets
India allows four Chinese-linked power equipment firms to bid for government projects
NEW DELHI, July 3 : India has allowed four Chinese power equipment manufacturers with factories in the country to participate in government tenders for critical power projects, according to a government order.TBEA Energy, Nanjing Electric India, New Northeast Electric India and Taikai Electric (Indi ...
World Cup defies the doubters, but is football feeding a monster?
Bob Holmes - As was fervently hoped, but seriously doubted, football has come to the rescue of the most damned, expensive and extravagant World Cup in history. Unprecedented in scale and price, the 23rd edition kicked off against a backdrop of war, indifference among the hosts and a mix of outrage and trepidatio ...
Football’s Asian Century is still on hold
Gearoid Reidy - In the early 2000s, Sepp Blatter, the then-head of football’s governing body Fifa, spoke of where he saw the sport going. “In Asia, you have more than half the world’s population,” he said. “The future of football must be in Asia.” With a clear link between finances and on-pitch success, ...
Connecting genuine growth with employment
Vincent Chin - Economic growth no longer guarantees job creation. In an era of AI-driven efficiency, the link between output and employment is fraying. While business leaders celebrate upticks in corporate performance, the labour market is facing an existential challenge. We all have an interest in supporting a su ...
Investing in the anti-AI trade
Nirgunan Tiruchelvam - I’ve met a few fund managers over the years, but none as quirky as Mark Lightbown, the former portfolio manager of the Genesis Fund. He is a polite Englishman with a talent for languages and numbers. He speaks French, Spanish and the language of accounting. That mix has helped him spot undervalued ...
