Meta faces New Mexico trial over child-exploitation claims
Jan 30 : Meta Platforms is set to face trial next week in a lawsuit brought by the state of New Mexico accusing it of exposing children and teens to sexual exploitation on its platforms and profiting from it, the first case of its kind against the social media giant to reach a jury.The lawsuit, brou ...
Lim Kok Thay appointed as new RWS chairman, director
Young Zhan Heng - The 74-year-old billionaire is acting CEO of Genting Singapore, and son of Genting founder Lim Goh Tong
Oil edges lower after Trump signals dialogue with Iran over nuclear programme
LONDON, Jan 30 : Oil prices slipped on Friday on signs that the U.S. may engage in dialogue with Iran over its nuclear programme, reducing concern over potential supply disruptions from a U.S. attack.Brent crude futures were down 21 cents, or 0.3 per cent, at $70.50 a barrel by 1219 GMT. The March c ...
Oil slides as Trump signals dialogue with Iran over nuclear programme
LONDON, Jan 30 : Oil prices fell nearly 1 per cent on Friday on signs the U.S. may engage in dialogue with Iran over its nuclear programme, reducing concern over potential supply disruptions from a U.S. attack.Brent crude futures fell 68 cents, or nearly 1 per cent, to $70.03 a barrel by 0958 GMT. T ...
Oil holds near six-month high as investors track US-Iran tensions
LONDON, Jan 30 : Oil prices consolidated their recent gains and held near six- month highs on Friday, supported by concerns over the tensions between Iran and the U.S.Brent crude futures were down 7 cents to $70.64 a barrel by 10:30 a.m. ET (1531 GMT). The March contract expires later on Friday. The ...
Oil hovers near six-month high as investors track US-Iran tensions
HOUSTON, Jan 30 : Oil prices dipped a few cents per barrel on Friday, consolidating recent gains and holding near six-month highs on Friday, supported by nagging tensions between the U.S. and Iran.Brent crude futures settled at $70.69 a barrel, down 2 cents or 0.03 per cent. The March contract expi ...
Gold tumbles below US$5,000, dragging other metals lower
Other precious metals drop sharply as profit-taking kicked in
SGX launches three new Hong Kong SDRs including Zijing Gold
The Edge Singapore - SGX is introducing Singapore Depository Receipts of three Hong Kong stocks starting from Feb 2. With these additions, SGX Stock Exchange now offers 32 SDRs across China, Hong Kong, Thailand, and Indonesia. The three new Hong Kong SDRs are Zijin Gold (HZGD) – China’s largest gold producer, offeri ...
CapitaLand Investment provides advisory services for The Clementi Mall, holds minority stake in asset
Chong Xin Wei - The tie-up aligns with CLI’s long-term strategy to grow fee income through a capital-efficient, partnership-led approach
Autobahn Rent A Car directors Roy Tan and Sanjay Kumar Rai charged with forgery
Derryn Wong - The two are alleged to have falsified a receipt from a car distributor to show that payment had been made
STI tracks overnight Wall Street declines as it slides 0.5%
Tay Peck Gek - Across the broader market, decliners beat gainers 365 to 228, with 1.6 billion securities worth about S$2.1 billion changing hands
Silchester trims stake in Venture Corp
The Edge Singapore - Silchester International Investor has taken advantage of a recent gain in Venture Corp's share price to trim its stake. Silchester has on Jan 29 sold 98,000 shares for $3,240,285.76, or $16.3651 each. With the sale, the fund manager is left with 22,835,500 Venture Corp shares, equivalent to 7.9 ...
AXS rolls out bill-payment rewards as payment apps vie for user loyalty
Nurdianah Md Nur - Singapore payments platform AXS has introduced a rewards programme that incentivises everyday bill payments. The new AXS Rewards programme allows users to earn AXS Coins for bill payments completed on the AXS mobile app across all billing organisations on the platform. The coins can be redeemed as b ...
Clas stays upbeat on US student housing despite 15% drop in segment’s H2 gross profit
Ry-Anne Lim - Chief executive of Clas’ managers Serena Teo says they will take ‘drastic measures’ to boost occupancy and leasing rates in the next...
UOL sells hotel in Tianjin for RMB238 mil
The Edge Singapore - UOL Group has sold its hotel in Tianjin for RMB238 million, or around $43.4 million. The sale, via its unit, Tianjin UOL Xiwang Real Estate Development, was made to one Jiang Yang. The hotel, with 319 rooms, is at No. 1 Zhang Zi Zhong Road in the northern Chinese city. UOL opened this property back ...
Hong Kong Q4 GDP expands 3.8% y/y, 2025 GDP up 3.5%
HONG KONG, Jan 30 : Hong Kong's economy expanded 3.8 per cent from a year earlier in the fourth quarter, official advance estimates showed on Friday, the 12th consecutive quarter of growth thanks to buoyant regional trade flows, growth in inbound tourism and financial service activities.Hong Ko ...
CLI takes minority stake in Elegant Group's Clementi Mall and to provide advisory services
The Edge Singapore - Elegant Group, which is building up a portfolio of malls here, has announced that CapitaLand Investment will take a minority interest in Clementi Mall, and also provide real estate advisory services that includes having the mall as part of CapitaLand's CapitaStar rewards programme. Besides Clem ...
Dutch regulator to probe Roblox over risks to minors
AMSTERDAM, Jan 30 : The Netherlands' consumer protection regulator ACM has launched an investigation into U.S. gaming platform Roblox over potential risks to underage users in the European Union, it said on Friday. The regulator said it will assess whether Roblox is taking adequate measures to ...
China plans 200 billion yuan capital injection into biggest insurers: sources
It would be the first time Beijing has used special bonds to inject capital into insurers
Micron teams up with AI Singapore to advance AI literacy and talent development
Nurdianah Md Nur - Micron Technology has partnered with AI Singapore (AISG) to expand artificial intelligence (AI) literacy and talent development in Singapore. The US memory-chip maker and Singapore's national AI programme aim to reach more than 5,000 learners through education and workforce initiatives designed ...
Taiwan Q4 economic growth beats forecasts on solid AI demand
TAIPEI: Taiwan's tech-focused economy grew much more than expected in the fourth quarter, the government statistics agency said on Friday, thanks to strong demand for the chips and related technologies that power artificial intelligence.For all of 2025, the economy expanded 8.63 per cent, its f ...
Standard Chartered backs NUS AIDF’s AI programme for senior leaders
Nurdianah Md Nur - Standard Chartered will be supporting a new executive master’s programme designed to help senior leaders translate artificial intelligence (AI) investments into measurable business outcomes. The bank will serve as a knowledge partner for the Executive Master in AI and Digital Transformation progra ...
China logs first fiscal revenue drop since 2020 on property slump, weak consumption
BEIJING: China's fiscal revenue fell 1.7 per cent in 2025 from a year earlier, the finance ministry said on Friday (Jan 30), the first contraction since 2020 as a protracted property slump and weak domestic demand saddled the economy.Fiscal revenues in 2025 totalled 21.6 trillion yua
Chinese yuan’s longest weekly rally in more than a decade is set to extend into Chinese New Year
[BEIJING] The Chinese yuan, riding its longest weekly rally in more than a decade, is expected to strengthen further as exporters boost...
What’s new about the Economic Strategy Review update? A spirit of risk-taking
Janice Heng - If the government accepts the recommendations and takes on a greater appetite for risk, Singapore must also become more accepting of failure
Thai central bank flags gold trade curbs, plays down impact of US monitoring list
BANGKOK, Jan 30 : Thailand's new rules to curb online gold trading were designed to help weaken the baht, the country's central bank said on Friday as it downplayed any impact from the United States adding Thailand to its currency manipulation monitoring list.The central bank has blamed go ...
Thai economy grew in last quarter of 2025 on exports and domestic demand, central bank says
BANGKOK, Jan 30 : Thailand's economy expanded in the fourth quarter of last year, driven by growth in exports and domestic demand, the central bank said on Friday, adding that December also improved compared to the previous month.There were improvements in the fourth quarter in both domestic an ...
Pacific island Bougainville rejects Chinese partner for mine that will fund independence
SYDNEY: The Pacific island of Bougainville has rejected a partnership with Chinese miner CMOC to reopen a gold and copper mine that was among the world's largest before it was shut by a bloody civil war, instead opting to deal with an Indian company.With a population of 300,000, Boug
DBS sees ‘turning point’ in NIM downtrend for Singapore banks; lifts OCBC’s TP to $23
Felicia Tan - Lim Rui Wen of DBS Group Research believes the decline in net interest margins (NIMs) for Singapore banks should be abating. Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) are likely to report q-o-q NIM improvements in the 4QFY2025 ended Dec 31, Lim writes. She adds that t ...
Beansprout initiates coverage on CSE Global at ‘buy’ with target price of $1.40
Teo Zheng Long - Beansprout analyst Ng Hui Min has initiated a “buy” call on CSE Global (SGX: 544 ) as she sees the company is “positioned for structural capex growth”. In her Jan 28 report, Ng believes that CSE Global is “strategically positioned” at the heart of structural capex themes in data centres, ...
DBS upgrades ‘hidden gem’ Nam Cheong target price to $1.60
Lin Daoyi - In a research note dated Jan 29, DBS Group Research has reiterated its “buy” call for shipyard Nam Cheong with an even higher target price of $1.60, up from the $1.25 target issued in December 2025. Analyst Ho Pei Hwa suggests that there is further room for Nam Cheong’s earnings to grow, notin ...
CGSI keeps “add” on Genting SG with the expectation of gradual earnings growth from 1QFY2026
Samantha Chiew - CGS International is reiterating its “add” call and 78.5 cents target price on the Resort World Sentosa (RWS) operator Genting Singapore (GENS). This comes on the back of competitor Las Vegas Sands (LVS), the operator of Marina Bay Sands (MBS), releasing its 4QFY2025 results, which saw a hold-ad ...
France prevented Eutelsat from selling ground antennas, Finance Minister says
PARIS, Jan 30 : French Finance Minister Roland Lescure said on Friday he had decided earlier this week to prevent French satellite operator Eutelsat, a rival to Elon Musk's Starlink, from selling ground antennas, which enable communication with satellites."These antennas are used for both ...
France halted Eutelsat's sale of ground antennas, Finance Minister says
PARIS, Jan 30 : French Finance Minister Roland Lescure earlier this week blocked Eutelsat's sale of its ground antennas, he said on Friday, citing national security concerns tied to the satellite operator, the main European rival to Elon Musk's Starlink."These antennas are used for bo ...
