Maas Group tumbles on AI pivot as $1.2 billion materials exit spooks investors
Feb 5 : Australia's Maas Group said on Thursday it would sell its building materials division for up to A$1.70 billion ($1.19 billion) to pivot towards artificial intelligence-related infrastructure, sending its shares crashing more than 26 per cent.Maas Group will sell its Construction Materia ...
Trillion-dollar tech wipeout ensnares all stocks in AI’s path
Software companies have spent the last few years developing their own AI tools
HP, Dell, Acer and Asus mull using Chinese memory chips amid supply crunch, Nikkei Asia reports
Feb 5 : PC makers HP, Dell, Acer and Asus are considering sourcing memory chips from Chinese chipmakers for the first time amid a global supply crunch that is threatening product launches and pushing up costs across the tech industry, Nikkei Asia reported on Thursday.Reuters could not immediately ve ...
AI boom lifts outbound travel as Singapore, Apac economies splurge abroad
Tan Nai Lun - Japan, South Korea and China see strong inbound travel amid demand for pop culture tourism
AI boom lifts outbound travel as Singapore, Apac economies ride gains abroad
Tan Nai Lun - Japan, South Korea and China see strong inbound travel amid demand for pop culture tourism
Apac economies like Taiwan, Singapore that gained from AI boom drive outbound travel in 2025: Visa
Tan Nai Lun - Japan, South Korea and China see strong inbound travel amid demand for pop culture tourism
Apac economies that gained from AI boom like Taiwan, Singapore drive outbound travel in 2025: Visa
Tan Nai Lun - Japan, South Korea, China see strong inbound travel amid demand for pop culture tourism
Sony lifts earnings targets after strong quarter, but PlayStation 5 sales slide
The Japanese conglomerate has, over the years, made a successful pivot from household electronics to entertainment
Sony lifts outlook after record quarterly profit, music and sensor units shine
The Japanese conglomerate also announces an expansion in its share buyback scheme
Indonesia to raise mandatory share of bioethanol in gasoline to 10% by 2028, official says
JAKARTA, Feb 5 : Indonesia plans to impose a mandatory bioethanol content level of 10 per cent for gasoline in 2028, energy ministry official Tri Winarno said on Thursday. Indonesia is aiming to expand the use of biofuels made from palm oil and sugar cane to reduce imports and become more energy-sel ...
Vietjet signs US$6.1 billion of agreements, launches Asia-Pacific Aviation Financial Hub at Singapore Airshow
Lionel Lim - Private carrier is key to Vietnam’s push to be a major regional aviation player
Thai headline CPI drops more than forecast in January, to rise from April, ministry says
BANGKOK, Feb 5 : Thailand's annual headline inflation rate was negative for a 10th straight month in January, driven by lower energy prices and government support measures, but is set to turn positive by April, the commerce ministry said on Thursday.The headline consumer price index dropped 0.6 ...
Thai January headline CPI drops 0.66% y/y, below forecast
BANGKOK, Feb 5 : Thailand's annual headline inflation rate was negative for a 10th straight month in January, driven by lower energy prices and government measures to ease living costs, the commerce ministry said on Thursday The headline consumer price index dropped 0.66 per cent in January fr ...
Indonesia expects preferential US market access under new tariff deal, says presidential trade envoy
Indonesia’s Presidential Special Envoy for International Trade and Multilateral Cooperation Mari Pangestu told CNA the deal reflects a more balanced approach to trade and investment ties.
Asia shares falter as global tech sell-off spooks investors
Investors have been rotating out of technology giants and into cyclical stocks amid fears of AI disruptions to jobs
AustralianSuper hunts for private equity deals across Asia
The pension fund currently has 5.1% of its balanced portfolio invested in private equity
‘No one wants to do that role’: Singapore aviation looks to F1 tactics for lessons amid labour crunch
Shikhar Gupta - Kerry Mok argues the sector can no longer afford decade-long development cycles
Sony lifts profit target after strong quarter, but PlayStation 5 sales slide
TOKYO, Feb 5 : Japan's Sony on Thursday raised its full-year outlook after reporting a forecast-beating 22 per cent jump in quarterly operating profit, as a weaker yen helped it cushion the impact of slower PlayStation 5 sales.Sony's shares climbed 1 per cent on the results, also helped by ...
Sony reports estimate beating profit growth, hikes forecast
TOKYO, Feb 5 : Sony on Thursday reported a 22 per cent rise in third-quarter operating profit, beating analyst estimates, and hiked its full-year forecast.Profit reached 515 billion yen ($3.28 billion) for October-December. That compared with the 469 billion yen average of 10 analyst estimates compi ...
Sony third-quarter profit rises 22%, beats analyst estimates
TOKYO, Feb 5 : Sony on Thursday reported a 22 per cent rise in third-quarter operating profit, beating analyst estimates.Profit reached 515 billion yen ($3.28 billion) for October-December. That compared with the 469 billion yen average of 10 analyst estimates compiled by LSEG. ($1 = 156.8400 yen)
Qualcomm, Arm bear brunt of memory shortage as smartphone chip sales disappoint
Feb 4 : Memory shortages will constrain sales of cell phones for some time, hurting demand for chip industry companies like supplier Qualcomm and chip architecture designer Arm Holdings, executives and analysts said on Wednesday as both companies reported results that disappointed investors. Among t ...
Baidu approves US$5 billion share buyback, first dividend
The Internet company joins larger peers Tencent Holdings and Alibaba Group Holding in enhancing shareholder returns
Property agency ERA hit with S$731,212 lawsuit over alleged negligent misrepresentation
Deon Loke - The board stated its intention to vigorously defend the suit
Watch: CNA Summit 2026 in Indonesia on smart growth in a new era
Today’s leaders face shifting geopolitics, faster AI adoption and rising expectations for inclusive growth. Tune into the CNA Summit 2026 as senior decision-makers discuss how to turn capital into delivery confidence, scale innovation across diverse markets, and build resilient partnerships.
Singtel plans Brazil entry to better serve MNCs' digital needs
Nurdianah Md Nur - Singapore Telecommunications (Singtel) is planning to establish operations in Brazil to help multinational corporations (MNCs) accelerate digital transformation. The move will bring Singtel’s capabilities in software-defined wide area networking, orchestration and secure, cloud-first architectures ...
Qualcomm, Arm hit by concern that memory shortage is spreading
The historic build-out of AI infrastructure is driving the shortage of memory chips
Piyush Gupta to take over as Keppel chairman from Apr 17
Current chairman Danny Teoh will retire after Keppel's annual general meeting.
Indonesia's Pertamina merges refinery and logistic units
JAKARTA: Indonesian state energy firm Pertamina is merging its downstream companies to integrate its refinery business with its logistic units to improve its operations.Effective Feb 1, Pertamina's refinery unit PT Kilang Pertamina Internasional and PT Pertamina International Shipping have been ...
Asia shares extend global tech rout, silver tumbles again
SYDNEY, Feb 5 : Asian stocks slumped on Thursday as concerns about the exploding costs of AI investment encouraged a rotation out of tech, while a renewed slide in silver squeezed leveraged positions that were already under water.Google parent Alphabet reported solid results on Wednesday, but it was ...
Asia shares slump as global tech selloff spooks investors, silver tumbles again
SYDNEY, Feb 5 : Asian stocks slumped on Thursday as concerns about the exploding costs of AI investment encouraged a rotation out of tech, while a renewed slide in silver squeezed leveraged positions that were already under water.Google parent Alphabet reported solid results on Wednesday, but it was ...
Asia shares falter as global tech selloff spooks investors
SYDNEY, Feb 5 : Asian stocks faltered as concerns about the exploding costs of AI investment hounded the tech sector, though Wall Street futures were trying to make a comeback as chip providers gained.Google parent Alphabet reported solid results after the bell, but it was targeting capital expendit ...
‘We want to be a dominant player’: DBS targets S$100 billion in cross-border flows by 2030
Renald Yeo - The lender plans to roll out same-day outbound remittances from China by the second half of 2026
Instagram recovers after brief outage disrupts US users
Feb 4 : Meta Platforms' Instagram rebounded after a brief outage affected more than 10,000 users in the U.S. on Wednesday, according to outage-tracking website Downdetector.com. There were 10,108 incidents of people reporting issues with the social media platform, as of 8.30 p.m. ET, accor ...
Instagram down for more than 10,000 US users
Meta Platforms' Instagram was down for more than 10,000 users in the US on Wednesday, according to outage tracking website Downdetector.com.There were 10,108 incidents of people reporting issues with the social media platform as of 8.30pm ET, according to Downdetector, which tracks outages by c ...
