JP Morgan upgrades Keppel after failed M1 sale
The Edge Singapore - JP Morgan has just upgraded Keppel to overweight from neutral on May 21. JP Morgan had kept its neutral rating as recently as April 23, following Keppel’s 1Q2026 results. In August last year, Keppel announced the proposed sale of M1 to Simba for $1 billion in cash. However on May 18 the IMDA annou ...
Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million
Kalpana Rashiwala - CK Tang family’s Victoria Park Close mansion sells for S$63 million
US to invest in quantum computing firms in exchange for stakes
THE Trump administration is awarding grants to a handful of companies, including IBM, that are focused on quantum computing in exchange for...
Sri Trang Gloves Q1 profit falls 9.5% to 384.1 million baht
Evan See - Revenue is down 16.2% at 5.49 billion baht, from 6.55 billion baht a year earlier
Asean may be forced to choose between economic growth and climate if both are not decoupled: Ravi Menon
Janice Lim - Singapore will work on carbon markets, nature-based resilience, climate resilience as the bloc’s chair in 2027
Nio Q1 net loss narrows to 332.1 million yuan as revenue doubles
Evan See - The EV maker’s loss per share of 0.2 yuan compares with 0.29 yuan a year earlier
Oil hits session high on report Iran wants to keep its uranium
The Strait of Hormuz closure was the market’s most severe supply disruption on record
Bukit Sembawang posts FY2026 earnings of $128.6 mil, 13% higher y-o-y; declares total dividend of 22 cents
Teo Zheng Long - Bukit Sembawang (SGX: B61 ) has posted earnings of $128.6 million for the FY2026 ended March 31, 13% higher y-o-y. Despite the higher bottom line, revenue declined 37% y-o-y to $345.6 million in FY2026. The lower revenue was attributed to a drop in revenue contribution from its property development ...
Aims Apac Reit secures sustainability-linked loan facilities of S$450 million, A$160 million
Evan See - It has also clinched a A$115 million syndicated loan with a green tranche of A$50 million
AIMS APAC REIT secures unsecured sustainability-linked loan facilities and syndicated facility with green loan tranche
Teo Zheng Long - AIMS APAC REIT (AA REIT) (SGX: O5RU ) announced that it has secured its second unsecured sustainability-linked loan (SLL) comprising of revolving credit facilities of $450 million and A$160 million. AA REIT states that the facilities were arranged by UOB Singapore, which acts as sole coordinator, ma ...
Executive assistants making US$100,000 a year are losing jobs to AI
Much of assistants’ workloads may soon require little or no human labour
Manus weighs raising US$1 billion to unwind Meta takeover
Reversing a major deal within months of completion is virtually unheard-of
Asiatic warns it will report a loss for FY2026 due to impairment
The Edge Singapore - Asiatic Group (Holdings) warns that it will report a net loss for its year ended March, due to an impairment it is making on an investment held for sale. The company plans to report on or before May 30. For the nine months to Dec 2025, Asiatic reported a loss of $143,000, from earnings of $815,000 i ...
Woman wins appeal in 99-to-1 property purchase dispute with ex-boyfriend, owns majority of condo unit despite paying less
The woman said her ex-boyfriend had promised to give her 99 per cent ownership of the unit "to assure her that he wanted to settle down with her and would not cheat on her".
KSH has turned profitable for FY2026
The Edge Singapore - KSH Holdings expects to report a profit for its year ended March, reversing from a loss incurred in the preceding year. The company attributes this to improvements in its construction business. Two months ago, KSH announced that its order book has reached around $1 billion. KSH expects to report on ...
As AI reshapes entry-level work, fresh grads must prepare for the ‘third-year job’: panel
Meera Pathmanathan - They will need to place greater emphasis on internships, work-study programmes and adaptability
Singapore stocks end flattish amid mixed regional showing; STI up 0.02%
Evan See - Venture Corporation leads the gainers on the blue-chip index
Singapore stocks end higher amid mixed regional showing; STI up 0.02%
Evan See - Venture Corporation leads the gainers on the blue-chip index, rising 2.5% to S$17.65
Thai watchdog to sue Volvo Cars over EX30 fires as consumers demand refunds
There are over 1,600 EX30s in Thailand
Policy changes, construction demand push commercial vehicle COE premiums to new record
Derryn Wong - Big infrastructure projects and changing policy keep Category C high, which could disadvantage smaller players
Goldman CEO slides into Elon Musk’s DMs during bid to lead SpaceX IPO
Banks have been battling for months to take the top spot on the highly anticipated IPO
BOJ faces calls to pause bond taper as energy shock jolts yields
SOME Bank of Japan drew some requests to pause its bond taper plan, its survey of investors showed, as recent sharp bond...
Some financial institutions call for pause in BOJ bond taper: survey
SOME financial institutions urged the Bank of Japan to pause its bond taper from next fiscal year onward and keep buying at...
JPMorgan will hire more for AI, fewer bankers, CEO Dimon says
The comments highlight a broader industry pivot to automation reshaping the global financial workforce
Australian shares jump as weak jobs data tempers RBA rate-hike bets
AUSTRALIAN equities closed higher on Thursday after weak employment data prompted investors to trim bets on a near-term rate hike, while optimism...
Why is Singtel seeking an Aussie partner for Optus?
Therese Soh - Singtel’s wholly owned subsidiary has endured a string of crises in recent years
European equities ease as investors await Middle East peace updates
EUROPEAN shares dipped on Thursday, as investors remained cautious while awaiting further developments in US-Iran peace talks.
PAA announces Tsinghua University partnership, releases report spotlighting Asia's patient philanthropic risk capital
Belle Neo - The Philanthropy Asia Alliance (PAA) has announced a new partnership with Tsinghua University, with plans for a joint impact summit in Beijing. Speaking at the Philanthropy Asia Summit 2026 during Ecosperity Week, PAA CEO Shaun Seow says that the partnership with Tsinghua would focus on knowledge ex ...
Why is the Indonesian rupiah falling, and could confidence be cracking?
Despite the market volatility, analysts insist the current situation bears little resemblance to the 1998 Asian Financial Crisis, when the rupiah collapsed.
New playbook to help Singapore enterprises match AI readiness with support
Nurdianah Md Nur - The Infocomm Media Development Authority (IMDA), SkillsFuture Singapore and Workforce Singapore have developed the AI for Enterprise Impact Playbook to help local companies assess their AI readiness and choose the right support before investing further in the technology. The guide is aimed at digita ...
Some things to know about Teo Siong Seng, the Singapore shipping veteran accused by US of price collusion
Jermaine Fok - [SINGAPORE] The US Department of Justice (DOJ) this week issued a statement accusing four of the world’s largest shipping container manufacturers of...
Circular AI boom goes global as Asia windfall funds hyperscalers
For much of North Asia, surging chip exports have overwhelmed the drag from higher energy prices stemming from the Iran war
Singtel keen on telco consolidation if regulators give nod; analysts note ‘very high bar’ for approval
Benicia Tan - Group also mulling Reit IPO to create ‘permanent capital pools’ for longer-term investments; comments come on heels of failed M1-Simba deal
Singtel seeks clarity on taking part in telco consolidation; analysts note ‘very high bar’ for approval
Benicia Tan - The group is also mulling a Reit IPO to create ‘permanent capital pools’ for longer-term investments
