Wee Hur’s construction subsidiary awarded two projects worth total $440 mil from HDB
Nicole Lim - Wee Hur Holdings’ construction subsidiary has been awarded two new projects worth a combined contract value of about $440 million from the Housing & Development Board (HBD). The two projects are building and contingency works for Project ER and Project FD, with a value of $203 million and $236 ...
Microsoft to offer rival AI models from own datacenter; launches AI coding agent
SEATTLE :Microsoft on Monday said it would offer new AI models made by Elon Musk's xAI and European startups Mistral and Black Forest Labs hosted in its own data centers, and unveiled a new artificial intelligence tool designed to complete software coding tasks on its own.The announcements, mad ...
Microsoft to offer rival AI models from own data center; launches AI coding agent
SEATTLE :Microsoft said on Monday it would offer new AI models made by Elon Musk's xAI, Meta Platforms and European startups Mistral and Black Forest Labs hosted in its own data centers, and unveiled a new artificial-intelligence tool designed to complete software coding tasks on its own.The an ...
Microsoft hosts developer conference as focus grows on AI profits
SEATTLE :Microsoft hosts its annual software developer conference in Seattle on Monday, drawing thousands of coders looking to turn the past years of investments into artificial intelligence into profitable products and services for consumers and businesses.The Redmond, Washington-based software gia ...
STI slips 0.6%, weighed down by US credit rating downgrade
Tay Peck Gek - Gainers trail decliners 212 to 298 across the broader Singapore market, with 1.2b securities valued at S$1.2b transacted.
StarHub taps on Philippines' Trends to bolster regional enterprise push
Nurdianah Md Nur - StarHub has inked a Memorandum of Understanding with Philippines-based Trends and Technologies (Trends) as part of its strategy to broaden its enterprise footprint in Southeast Asia. The collaboration will pursue a unified go-to-market strategy in the Philippines by combining StarHub's modern d ...
Market Focus Daily: Monday, May 19, 2025
Asian markets fall amid another round of ‘sell America’ after Moody’s downgrades US; Hong Kong dollar falls to near one-year low on...
GE2025: Workers’ Party’s Andre Low, Eileen Chong to fill NCMP seats
Tessa Oh - [SINGAPORE] Workers’ Party (WP) candidates Andre Low and Eileen Chong will fill the two available Non-Constituency Member of Parliament (NCMP) seats in...
Toyota Industries to accept bid by Toyota Group
The buyout will be announced in May or June
Jefferies sees unlikely incremental near-term return for Singapore banks
Jefferies analysts Sam Wong, Shujin Chen, Joseph Dickerson and Joanna Cheah see that the revising of tariff rates between the US and China could mean a more favourable “risk-reward” scenario for Singapore banks. “For Singapore banks, Oversea-Chinese Banking Corporation (OCBC) missed on net int ...
SingPost, FedEx deepen partnership with islandwide roll-out of parcel drop-off service
Therese Soh - The expanded collaboration aims to streamline the delivery process and enhance service efficiency, particularly for cross-border shipments
Toyota Industries to accept Toyota group offer, Kyodo says
TOKYO : Toyota Industries Corp plans to accept a tender offer by Toyota Motor Corp, the automaker's Chairman Akio Toyoda and others, and is making arrangements to announce its intention as early as May, Kyodo news agency reported on Monday.Both Toyota Motor and auto parts supplier Toyota Indust ...
Toyota Industries to accept Toyota group's planned tender offer, Kyodo says
TOKYO :Toyota Industries Corp plans to accept a tender offer by Toyota Motor Corp, its chairman Akio Toyoda and others, and is making arrangements to announce its intention as early in May, Kyodo news agency reported on Monday.Bloomberg News reported last month Toyota Motor Chairman Toyoda has propo ...
Grand Banks Yachts Q3 profit falls 42.4% to S$2.3 million on weaker margins, higher costs
Low Youjin - Revenue in Q3 grew nearly 38% year on year on the back of a rise in boat-building activity, says the luxury recreational...
HKEX names Hui Leung Wah, Herbert as new CFO
Bourse operator Hong Kong Exchanges and Clearing Ltd on Monday said it has appointed Hui Leung Wah, Herbert as group chief financial officer, succeeding Vanessa Lau Bik Yun.Hui brings over 35 years of financial management and corporate finance experience to HKEX and has most recently been a director ...
Indonesia’s Pertamina seeks petrol for July-December, excludes Singapore supply
Indonesia is considering a cut to fuel imports from Singapore and instead increase supply from the US
StarHub, Trends and Technologies ink MOU to boost digital transformation in the Philippines
Chloe Lim - The partnership will offer enterprises scalable solutions with strong local support
Wall Street Banks bet on emerging markets after wasted years
Selcuk Gokoluk / Bloomberg - Wall Street’s emerging-market faithful are finally seeing better returns after missing out for years as US stocks soared. Morgan Stanley Investment Management, AQR Capital Management, Bank of America Corp and Franklin Templeton are among those betting the tables may finally be turning in favour of ...
Thales, Radiall, FoxConn explore semiconductor assembly plant in France
French defence group Thales, connector maker Radiall and Taiwan's FoxConn have begun preliminary talks to establish a semiconductor assembly and test facility in France, they said on Monday.The proposed plant would focus on outsourced semiconductor assembly and test (OSAT) operations, with prod ...
Tech stocks could rally on US-China tariff truce, impending tax cuts: Stanchart
Romaine Chan - Strength in the communications services and financial sectors could also push the S&P500 index to new highs
Markets drop after US loses last triple-A credit rating
HONG KONG: Stocks fell with the dollar on Monday (May 19) after Moody's removed the United States' last gold standard sovereign bond rating, citing the growing debt pile that it warned could balloon further.
Slovak startup InoBat launches battery for military drones
LONDON :Slovak startup InoBat plans to launch a battery designed for military drones and unmanned aerial systems, it said on Monday, as it responds to an upsurge in European defence spending.The company will start producing the E10 cell in September and is in "in early-stage collaboration with ...
EU and UK negotiators agree terms of Starmer's post-Brexit reset
Alberto Nardelli, Alex Wickham and Jorge Valero / Bloomberg - Negotiators for the European Union and the UK have reached a deal to strengthen their post-Brexit relationship ahead of a summit on Monday, according to people familiar with the discussions and documents seen by Bloomberg. The negotiating teams settled on a text at around 2 am European time and whil ...
Kwek Poh Heok named new CEO of Business China; Ho Chee Hin exits into public sector
Chloe Lim - She takes on the role of CEO-designate of the organisation from May 27
Personal data taken in UK legal aid cyber attack
LONDON :A "significant" amount of personal data, including criminal records, of applicants who had applied for legal aid since 2010 was accessed and stolen in a cyber attack, Britain's Legal Aid Agency said on Monday. It said it became aware of the attack on April 23 and had worked wi ...
Rafizi: Johor-Singapore SEZ comprehensive blueprint to be finalised by end-2025
Luqman Amin of The Edge Malaysia - A comprehensive blueprint for the Johor-Singapore Special Economic Zone (JS-SEZ) is expected to be finalised and unveiled by the end of 2025. The blueprint will serve as a "one-stop document" for potential investors, regulators, and the public, offering greater clarity on the fiscal incent ...
Johor-Singapore SEZ will transcend political cycles, says Rafizi
Luqman Amin of The Edge Malaysia - The Johor-Singapore Special Economic Zone (JS-SEZ), as a bilateral initiative, must transcend political cycles, Minister of Economy Datuk Seri Mohd Rafizi Ramli said on Monday. The JS-SEZ must “never depend on the sitting administration of the day, or the whims and desires of individual politician ...
Qatar Airways posts 28% jump in net profit to record US$2.1 billion
It has successfully implemented strategic partnerships throughout the industry
Revolut plans $1.1 billion French expansion
PARIS :British finance company Revolut said on Monday it plans to invest 1 billion euros ($1.1 billion) over the next three years on expanding in France and will soon apply for a French banking licence.In an announcement as part of the "Choose France" investment summit, hosted by French Pr ...
Revolut plans $1.1 billion French expansion, will apply for banking licence
PARIS :British finance company Revolut said on Monday it plans to invest 1 billion euros ($1.1 billion) over the next three years on expanding in France and will soon apply for a French banking licence.In an announcement as part of the "Choose France" investment summit, hosted by French Pr ...
Hong Kong dollar falls to near one-year low on flush cash conditions
The move comes after efforts to defend the currency’s peg to move within 7.75 and 7.85 per dollar
Spain's consumer rights ministry blocks more than 65,000 Airbnb listings for holiday rentals
MADRID : Spain's consumer rights ministry said on Monday it had ordered Airbnb to withdraw more than 65,000 listings for holiday rentals from its platform, saying they violated existing rules.The decision follows several government measures against a business blamed by authorities for exacerbat ...
Spain blocks more than 65,000 Airbnb holiday rental listings
MADRID :Spain's consumer rights ministry said on Monday it had ordered Airbnb to withdraw more than 65,000 listings for holiday rentals from its platform, saying they violated existing rules. The Spanish government as well as city councils and regional authorities have launched a general c ...
Kumho Tire shares skid after weekend fire disrupts production
SEOUL :Shares of Kumho Tire, South Korea's No.2 tire maker, slumped 8 per cent on Monday after a massive fire suspended operations at its factory in Gwangju on Saturday, threatening to disrupt supplies to global automakers.Fire authorities had extinguished 90 per cent to 95 per cent of the fire ...
