Wee Hur to expand Hong Kong PBSA portfolio with acquisition of One Bedford Place
Felicia Tan - Wee Hur Holdings has acquired One Bedford Place, a 26-storey Grade A commercial building in Tai Kok Tsui, Kowloon, for an undisclosed sum. The building also comes with two basement levels and has a total gross floor area of 184,000 sq ft. The building will be repositioned into a 500-bed purpose-buil ...
Singapore stocks close higher after rebound of global chipmakers; STI up 1.2%
Chloe Lim - Across the broader market, gainers outnumber losers 344 to 231
Analysis:Short-sellers to tread carefully as Musk's SpaceX debuts
NEW YORK, June 9 : Short sellers beware: Elon Musk's SpaceX IPO may be too hot to handle.On the face of it, the company is a natural target for short sellers - investors who sell borrowed shares to profit from a future slide in prices.With an estimated price-to-revenue multiple of 56, eye-poppi ...
IT platform NinjaOne valued at over $12 billion in latest funding round
June 9 : IT platform NinjaOne said on Tuesday it has raised more than $400 million in a funding round that valued it at $12.3 billion, at a time when investors are concerned about AI upending parts of the software industry.While the sector contends with mounting fears that rapidly evolving AI tools ...
Giant oil supertanker orders eclipse record set in 2008
Freight charges have doubled from pre-conflict levels and have soared to record highs of several hundred thousand dollars a day
Musk's Starlink leads Bezos' Amazon as airlines rush to boost in-flight Wi-Fi
RIO DE JANEIRO, June 9 : Global airlines' push to attract premium customers is making fast in-flight Wi-Fi an increasingly important perk, turning a once-patchy paid service into an emerging battleground between Elon Musk's Starlink and Jeff Bezos' Amazon Leo satellite network.Starlin ...
Nio denies US allegations, says inclusion on Chinese military companies list ‘will not impact’ business
Benjamin Cher - BYD, Alibaba and other tech firms have also been placed on the list
Inpex to seek orders from Australia's workplace tribunal to stop labour action at Ichthys LNG
June 9 : Japan's Inpex said on Tuesday it would seek urgent orders from Australia's Fair Work Commission to halt protected industrial action at its Ichthys liquefied natural gas facilities.The Offshore Alliance, made up of the Maritime Union of Australia and the Australian Workers' Un ...
Bank Indonesia’s emergency rate hike buys time for battered rupiah, but investor doubts linger
Elisa Valenta - The currency has fallen by around 8% this year, and is among the world’s worst performers
Bank Indonesia’s emergency hike buys time for battered rupiah, but investor doubts linger
Elisa Valenta - The currency has fallen more than 8% this year, among the world’s worst performers
Grab, EnterpriseSG launch scheme to help small F&B businesses grow customer demand and capabilities
Koh Kim Xuan - The programme aims to raise these merchants’ visibility through promotional deals and business guidance
UK reviewing Palantir's NHS contract amid pressure to use break clause
LONDON, June 9 : Britain is conducting a full review of its National Health Service contract with U.S. data analytics firm Palantir, amid growing political pressure for the government to use a break clause at the end of the initial term in early 2027.Technology minister Liz Kendall said on Tuesday t ...
GSK to buy Nuvalent for US$10.6 billion to expand in cancer drugs
The British firm will pay US$124 a share for Nuvalent
Meta funds skilled trades jobs programme for AI data-centre buildout
Graduates will receive guaranteed employment offers, the company says
SGX’s Global Listing Board needs a few strong listings coming out the gate
Benjamin Cher - [SINGAPORE] After all the effort that has gone into engineering the Singapore Exchange’s (SGX) dual listing bridge with Nasdaq, the first few...
European shares steady; Middle East tensions in focus
EUROPEAN shares were steady at open as the developments in the Middle East stayed in focus, with oil prices easing after Iran...
AI saves clinicians time but most lack training, survey finds
June 9 : AI is saving clinicians time, but the majority of healthcare professionals say training in the technology is inadequate, inconsistent or unavailable, a global survey by Philips showed on Tuesday.The study, Philips Future Health Index, was carried out through two quantitative surveys, one wi ...
Apple’s iOS 27 is filled with hints about its upcoming foldable iPhone
It is expected to retail at around US$2,000 in September
Indonesian subsea cable operators upgrade capacity with Ciena
Nurdianah Md Nur - Two Indonesian digital infrastructure operators have upgraded their submarine cable systems with Ciena’s technology. The move aims to add capacity on routes that carry internet traffic between Indonesian islands and overseas networks through Batam and Singapore. Matrix Networks and NAP Info Lintas ...
Singapore adds supercomputing muscle for applied AI work
Nurdianah Md Nur - Singapore has launched a new national research supercomputer to expand the computing power available to researchers and public-sector users. Called ASPIRE 2B, the next-generation national research supercomputer can deliver up to 115 petaFLOPS of compute power, or more than 100 quadrillion calculatio ...
Bombardier to grow Apac service hub in Singapore with S$100 million expansion
Derryn Wong - A new facility in JTC’s Seletar Aerospace Park will double the Canadian aircraft manufacturer’s footprint here
Dollar eases on fragile Israel-Iran truce; US inflation data in view
NEW YORK, June 9 : The dollar fell against major peers on Tuesday as a fragile ceasefire between Israel and Iran held and investors looked ahead to key U.S. data later in the week.The greenback tends to weaken against the euro and yen when tensions in the Middle East ease, as prospects for a peace d ...
Dollar eases as Middle East hopes outweigh prospects of higher US rates
June 9 : The U.S. dollar fell on Tuesday, as hopes for a deal to reopen the Strait of Hormuz outweighed expectations of higher U.S. interest rates ahead of fresh U.S. data later this week.The U.S. economy is relatively insulated from energy shocks compared to other countries, which is one of the rea ...
Dollar eases as investors weigh Middle East hopes, rate outlook
June 9 : The U.S. dollar edged lower on Tuesday, as investors weighed hopes for a deal to reopen the Strait of Hormuz against expectations of higher U.S. interest rates following strong jobs data late last week.The U.S. economy is relatively insulated from energy shocks compared to other countries, ...
India’s TCS chair says AI agents may equal headcount, dampen hiring
BENGALURU, June 9 : India's largest software services exporter Tata Consultancy Services expects IT companies to slow down hiring, as the company moves towards having an equal number of employees and AI agents in its workforce, Chairman N Chandrasekaran said at the company's annual general ...
AI agents could match human workforce in future, TCS Chairman Chandrasekaran says
BENGALURU, June 9 : Indian software services exporter Tata Consultancy Services expects IT companies to have an equal number of employees and AI agents in their workforce, Chairman N Chandrasekaran said at the annual general meeting on Tuesday. TCS does not plan to downsize staff, but will slow down ...
SpaceX IPO fever sparks hunt for proxy plays in Asia
Asian retail investors scramble to gain exposure
How Anil Ambani’s once-sprawling business empire landed in investigators’ crosshairs
Authorities allege Ambani’s companies misused bank loans to pay off other lenders, extend credit to related companies and funnel money to shell...
How Honda’s old guard tried, and failed, to oust its CEO
Retired executives blame CEO Mibe for China neglect, EV missteps
Bank of Japan to consider pausing bond taper next fiscal year: sources
It is also expected to raise its short-term policy rate to 1 per cent from 0.75 per cent at next week’s meeting
Former BCA CEO Kelvin Wong joins SJ Group as group CCO, Asia head
Jovi Ho - Former Building and Construction Authority (BCA) CEO Kelvin Wong has joined SJ Group as group chief commercial officer and region head, Asia, effective July 1. Wong will report to group CEO Sean Chiao. As group chief commercial officer, Wong will lead SJ’s commercial strategy “across the full cl ...
CIMB says ‘good time’ to invest in battered Indonesia, seeks M&A
The Malaysian lender is looking at various assets that would complement its existing business
French counter-drone startup Alta Ares raises €50 million
PARIS, June 8 : Alta Ares, a French startup focusing on counter-drone technology, said on Tuesday it had raised €50 million in its second funding round, helped by surging demand for air defence systems to combat the mass-produced drones playing a decisive role in Russia's war in Ukraine.Alta ...
GLP aims for US$2 billion of asset sales this year: sources
The moves aim to strengthen the company’s finances and reassure investors before its upcoming IPO
