Freeport Indonesia adjusts Grasberg production recovery, full resumption delayed until 2028
JAKARTA, May 8 : Freeport Indonesia has adjusted the "production recovery" schedule at its Grasberg Block Cave (GBC) underground copper mine, a company spokesperson told Reuters on Friday, with the mine now set to resume full operations in 2028. "Adjustment to the GBC production recov ...
BRC Asia reports record half year revenue of $931 mil in 1HFY2026, net profit up 24% y-o-y to $52 mil
Teo Zheng Long - BRC Asia (SGX: BEC ) has reported a net profit after tax of $52.0 million for 1HFY2026 ended March 31, an increase of 24% y-o-y. Revenue grew 30% y-o-y and stood at a record of $931.0 million on a half year basis during the period. However, the growth was partially offset by lower steel prices, in l ...
Porsche shutters three units as new CEO makes first job cuts
PORSCHE AG is closing three of its non-car-making units, with chief executive officer Michael Leiters cutting headcount for the first time to...
IMDA to upskill 40,000 tech professionals over three years amid AI disruption
Chloe Lim - It will co-chair a work group with Workforce Singapore to ensure programmes are relevant and responsive
Board diversity is good, but inclusion is important too: study of SGX listcos
Ranamita Chakraborty - Share of directors of locally listed firms who believe different perspectives will boost company performance is lower than global level
Frasers eyes residential project on Yishun 10 cinema complex site; redevelopment proposal submitted
Ry-Anne Lim - The proposal calls for rezoning of use from commercial to residential, with commercial space on the first floor
Amazon's Chile data center moves ahead after residents lose environmental challenge
SANTIAGO, May 8 : Patricio Hernandez lives on the northern outskirts of Chile's capital Santiago, a hilly area below the Andes mountains which he and other residents fear could be devastated by a major Amazon data center complex."This hill is very important to the community; it is a green ...
OCBC’s hidden treasure
Goola Warden - Treasury actually. Can OCBC’s Treasury & Markets be scaled to deliver consistent double-digit growth in total income and further boost total shareholder returns? OCBC’s relatively new group CEO Tan Teck Long’s dividend policy is to maintain a 50% payout ratio as analysts clamour for more s ...
Asean leaders seek coordinated strategy to ensure region’s food, energy security
Establishing a harmonised approach remains a big challenge for the region
Asean leaders call for coordinated strategy to ensure region’s food, energy security
Establishing a harmonised approach remains a big challenge for the region
Global equity funds draw inflows for the seventh week on earnings optimism
May 8 : Global equity funds attracted inflows for a seventh straight week in the period through May 6, supported by upbeat first quarter earnings and hopes for a U.S.-Iran peace agreement. Investors bought a net $4.35 billion of global equity funds during the week, though this was the smallest weekl ...
Upcoming EC projects that are exempt from new rules get a ‘bonus’, as buyers steer towards them: analysts
Chong Xin Wei - Scrapping of deferred payments could be a major blow to sales on sites sold in the future
Cloudflare's slowing growth disappoints investors betting on AI boost
May 8 : Cloudflare shares tumbled more than 15 per cent in premarket trading on Friday, after its quarterly revenue forecast disappointed investors who had bet the stock would be a major beneficiary in the race to adopt artificial intelligence.The networking and cybersecurity services provider will ...
European shares slide as Middle East tensions flare
EUROPEAN shares fell on Friday in broad-based losses, as an escalation in the US-Iran conflict lifted oil prices and dampened hopes that a...
Google has bit more time to address concerns in EU investigation, EU Commission says
BRUSSELS, May 8 : EU regulators are giving Alphabet's Google a little bit more time to sooth their concerns after a previous proposal from the company fell short, the European Commission said on Friday."Google is engaging with the Commission to defend itself and in other in order to offer ...
ECB is studying defences against Mythos-powered attacks, Lagarde says
[FRANKFURT] The European Central Bank is studying defences against cyberattacks powered by artificial intelligence model Mythos but, like the rest of Europe, it is...
Asian Development Bank to mobilise $30 billion to help ASEAN countries withstand external shocks
CEBU, Philippines, May 8 : The Asian Development Bank said on Friday it will mobilise $30 billion to ASEAN countries to advance their economic priorities and help them withstand external shocks."As the region's main bank, ADB is channeling financing, expertise, and a $30 billion pipeline o ...
Sony, Nintendo grapple with memory price surge as AI boom constrains supply
Consumers to pay higher prices for gaming consoles
Logitech bets on AI, gaming and business users as it raises spending, CEO says
ZURICH, May 8 : Logitech International will increase spending on product development and marketing this year, CEO Hanneke Faber said, even as concerns grow of a possible global economic slowdown fuelled by the Iran war.The Swiss-U.S. maker of keyboards, mice and video-conferencing equipment is betti ...
Logitech CEO plans to boost spending on R&D and marketing
ZURICH, May 8 : Logitech International (LOGN.S) will increase spending on product development and marketing this year, CEO Hanneke Faber said, despite concerns over a possible global economic slowdown triggered by the Middle East crisis.The Swiss-U.S. computer peripherals maker is looking to gaming, ...
Share of female board chairs at top 100 SGX listcos edges up to 10%: diversity council
Ranamita Chakraborty - With progress being made on gender diversity, the council is looking at other aspects such as skills, experience and age
Share of female board chairs at top 100 SGX listcos edge up to 10%: diversity council
Ranamita Chakraborty - With progress being made on gender diversity, the council is looking at other aspects such as skills, experience and age
Sony, TSMC plan new Japan joint venture for next-generation image sensors
The partnership will explore opportunities in physical AI applications such as automotive and robotics
SBS Transit Q1 profit slips 2.2% to S$15.6 million despite ridership gains
Young Zhan Heng - But its revenue grows by 4.8% to S$391.8 million
US hybrid-car sales soar, along with petrol prices
Hybrids are generally less expensive than EVs and there are more models to choose from
Asean must build collective resilience to brace for world of more disruptions and shocks: PM Wong
Tessa Oh - He says Asia will be the hardest hit given its high dependence on energy and other critical supplies from the Gulf
Uber-backed Lime reveals revenue surge in US IPO filing
May 8 : Lime, which operates an electric bike and scooter network and is backed by Uber Technologies, reported a jump in yearly revenue in its filing for a U.S. initial public offering. The San Francisco-based startup did not reveal the terms of the offering in the filing. Activity in the U.S. IPO m ...
Astronomers get the best look yet at the surface of an exoplanet
WASHINGTON, May 8 : Astronomers have gotten their clearest look yet at the surface of an exoplanet - a planet beyond our solar system - thanks to NASA's James Webb Space Telescope.Webb gathered data on a rocky exoplanet with a diameter about 30 per cent larger than Earth that indicates it is a ...
Singapore stocks retreat as Asian markets trade mostly lower; STI down 0.4%
Jude Chan - Across the broader market, gainers trail losers 248 to 337, after 1.8 billion securities change hands
Singapore stocks retreat amid mixed Asia trading; STI down 0.4%
Jude Chan - Across the broader market, gainers trail losers 248 to 337, after 1.8 billion securities change hands
Hyundai Motor India targets 8–10% domestic sales growth as tax cuts boost demand
May 8 : Hyundai Motor India said on Friday that it expects domestic sales to grow 8-10 per cent in the current fiscal and plans to invest $794 million to double capacity at its Maharashtra plant, as the carmaker rides a demand boost following tax cuts.Vehicle sales in India have picked up since New ...
Hyundai Motor India beats quarterly profit view on strong SUV demand
May 8 : Hyundai Motor India reported a smaller-than-expected drop in fourth-quarter profit on Friday, helped by strong domestic and export demand for its higher-margin SUVs.The unit of South Korea's Hyundai Motor reported a consolidated profit of 12.56 billion rupees ($132.96 million)for the qu ...
HG Metal reports net profit of $6 mil for 1HFY2026, down 4% y-o-y
Teo Zheng Long - HG Metal (SGX: BTG ) has reported net profit after tax of $6.0 million for 1HFY2026 ended March 31, a decline of 4% y-o-y. Revenue stood at $81.0 million in 1HFY2026, a drop of 5% y-o-y, mainly due to a 1% drop in sales volume and a decline of 4% in average selling price amid the continued weakness ...
Zara denies infringing Jo Malone trademark in Estee Lauder case
[LONDON] Fashion retailer Zara has denied infringing Estee Lauder’s Jo Malone trademark, saying in UK High Court filings that it uses the...
