OxPay unit Oxygen7 secures full payment licence in Bhutan
The Edge Singapore - OxPay Financial's subsidiary Oxygen7 has been given a financial services licence to provide regulated money services in Bhutan's Gelephu Mindfulness City. Under terms of this licence, which is given by the Gelephu Financial Services Office, Oxygen7 can provide merchant payment services tha ...
Intraco reaches settlement with former employee
The Edge Singapore - A former Intraco employee who had allegedly misappropriated funds totalling some $260,000 had reached a settlement with the company and has made partial restitution. As announced earlier by Intraco on April 13, it received fake invoices and letters of engagement from an entity with a "nearly id ...
Opec+ agrees on symbolic quota hike as UAE touts oil investment
But the actual increase depends on the Strait of Hormuz reopening and shuttered production being restored
OPEC+ set to agree to third oil output quota hike since Hormuz closure, sources say
The move is designed to show the group is ready to raise supplies once the war stops
New Zealand PM Luxon in Singapore for first Annual Leaders’ Meeting, supply chain pact signing
Tessa Oh - The visit follows bilateral relations being upgraded to the highest level in October 2025
Chinese firm uses employee data to build AI worker, stoking job security debate
In some cases, firms secretly record workflows to create skill files and then use those as grounds for layoffs
Nvidia’s push into physical AI sparks rally in Asian partners
The company has deepened chip-focused ties with suppliers such as SK Hynix and Samsung Electronics
Industrials lead institutional inflows year-to-date
[SINGAPORE] Ahead of the final trading session of April, seven Singapore sectors had booked net institutional inflows for the first four months...
World’s largest container carrier plans route avoiding blockaded Hormuz
[LONDON] The world’s largest container carrier plans a new service linking Europe with isolated Middle East ports, using trucking across Saudi Arabia...
Fuel crunch driven by Iran war boosts China’s electric two-wheeler exports to South-east Asia
This underscores how regional energy vulnerabilities are accelerating the transition to electric mobility
War-driven fuel crunch boosts China’s electric two-wheeler exports to South-east Asia
This underscores how regional energy vulnerabilities are accelerating the transition to electric mobility
US-Iran standoff could leave Trump worse off than before he went to war
The war has failed to achieve many of Trump’s stated goals
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Cahya Mata Sarawak is mired in court and boardroom tussles between two sons of the man who built it
US could restart Iran strikes ‘if they misbehave’, says Trump
He said on May 1 that ‘on a human basis’, he did not prefer the military course of action
Berkshire Hathaway CEO Greg Abel moves to assure shareholders in post-Buffett world, with record cash
Its cash reached a record US$380.2 billion at the end of March
Berkshire Hathaway’s cash pile surges to record US$397 billion
It offloaded a net US$8.1 billion of equity holdings in the period
CEO Greg Abel moves to assure Berkshire shareholders in a post-Buffett world, with record cash
OMAHA, Nebraska/NEW YORK: Greg Abel moved to assure Berkshire Hathaway shareholders that he will invest thoughtfully and manage the conglomerate's massive cash stake without the burdens of bureaucracy, as he seeks to win over those cautiously hoping he is
Airlines scramble to help stranded Spirit passengers after budget carrier collapses
Major airlines and the US government scrambled to help stranded passengers and employees after bankrupt discount carrier Spirit Airlines ceased operations on Saturday (May 2), the industry's first
Meta faces New Mexico trial that could force changes to Facebook, other platforms
May 2 : A trial beginning in New Mexico on Monday could prompt a judge to order sweeping changes to how Facebook, Instagram and WhatsApp operate - a move Meta Platforms has warned could force it to withdraw from the state.The case, which will be tried before a judge in Santa Fe, stems from a lawsuit ...
UOBKH's Loh trims CLI's target price over China drag
The Edge Singapore - Adrian Loh of UOB Kay Hian has kept his "buy" call on CapitaLand Investment but has lowered his target price from $4.05 to $3.93 to account for slightly lower real estate investment business, or REIB margins, due to the competitive leasing environment in China as well as mixed leasing cond ...
CGSI and DBS maintain bullish calls on ESR-REIT following 'resilient' 1QFY2026
The Edge Singapore - Analysts from DBS Group Research and CGS International have reiterated their bullish calls on ESR-REIT, after a "resilient" 1QFY2026, along with better prospects ahead with positive rental reversions. For the quarter, gross revenue fell 0.4% y-o-y to $110.1 million, while net property inco ...
Japan, Vietnam seek deeper partnership with energy and minerals push
[HANOI] Japanese Prime Minister Sanae Takaichi vowed on Saturday (May 2) to strengthen bilateral ties with Vietnam, with energy cooperation and critical...
Ho of DBS reiterates 'buy' on Yangzijiang Maritime following order for ten new vessels
The Edge Singapore - Ho Pei Hwa of DBS Group Research has reiterated her "buy" call and 88 cents target price for Yangzijiang Maritime Development, following news that the company is expanding its fleet with a recent new order. On April 27, the company announced it has signed orders for ten new eco-compliant v ...
Apple raises Mac mini’s starting price to US$799 after AI frenzy drains supply
[NEW YORK] Apple raised the starting price of its Mac mini desktop to US$799 from US$599, adjusting to inventory shortages driven by...
Japan's Taiyo Oil to receive cargo of oil from Russia's Sakhalin-2 as Iran war continues
TOKYO, May 2 : Japanese refinery Taiyo Oil is to receive a cargo of crude oil from Russia's Sakhalin-2 project next week, the company said on Saturday, as the country seeks alternative sources of petroleum after the U.S.-Israeli war with Iran limited supplies from the Gulf. Japan has largely su ...
Hormuz closure exposes Taiwan and Korea’s AI energy trap
THE ripple effect of the ongoing Strait of Hormuz crisis is spreading far and wide, with Taiwan and South Korea – the two indispensable...
Spirit Airlines shuts down, industry's first Iran war casualty
The collapse of Spirit will result in thousands of lost jobs and marks the first airline to fail in part due to a doubling in jet fuel prices during the two-month-old Iran war.
Spirit Airlines prepares to shut down operations overnight, sources say
[WASHINGTON] Bankrupt discount carrier Spirit Airlines is preparing to cease operations around 3 am (0700 GMT) on Saturday (May 2), two people...
Lim & Tan slightly trims Reclaims Global's target price to 29 cents on rising fuel costs
The Edge Singapore - Linus Loo and Chan En Jie of Lim & Tan Securities have maintained their "buy" call on Reclaims Global following its FY2026 earnings that came largely in-line with their expectations. Revenue for the year was up 5% y-o-y to $46.5 million from stronger market demand for its excavation se ...
Meta-Manus deal reversal redraws lines for global AI startups
CHINA’S order to unwind Meta’s US$2 billion acquisition of Manus has sent artificial intelligence (AI) founders into panic mode, especially those with strong Chinese...
Trump rues state of Iran talks, says prefers not to strike
Tehran relayed a new proposal to Washington via Pakistan, which mediated a first round of directed negotiations last month
Musk’s trial against OpenAI hits some rough spots in first week
[AUSTIN, TEXAS] Elon Musk set out to tell a jury that his falling out with OpenAI was a simple tale of betrayal.
Coinbase says deal reached on key provision of crypto bill
May 1 : Coinbase said on Friday a deal has been reached on a key provision in a landmark crypto legislation that could clear the path for the bill to move forward in the U.S. Senate.• The bill stalled earlier this year because banks opposed a provision allowing stablecoin issuers and crypto firms ...
Oil falls on hopes for US-Iran negotiations, Hormuz progress
[NEW SOUTH WALES] Oil edged lower in thin trading on Friday (May 1) with US-Iran peace negotiations on the ropes but still...
