Nippon Steel's fiscal year profit down 95%
TOKYO, May 13 : Nippon Steel, Japan's biggest steelmaker, on Wednesday posted 17.2 billion yen ($109 million) in net profit for the fiscal year ended in March, down 95 per cent from the year earlier. Nippon Steel, which bought U.S. Steel for $15 billion last year and pledged massive investments ...
United Hampshire US REIT posts 10% rise in distributable income for 1Q2026
Belle Neo - United Hampshire US REIT (UHREIT) has reported a distributable income of US$6.9 million ($8.8 million) for the 1QFY2026 ended March 31, 10% higher y-o-y, as contributions from two recently acquired grocery-anchored properties and robust leasing activity drove a broad-based improvement across its fin ...
China’s AI suppliers can’t keep up as component shortages bite
Capacity constraints and a tightening supply of critical components threaten to throttle the brisk growth seen early this year
Japan refinery runs climb to over 70% on alternative supply, stockpile releases
TOKYO, May 13 : Japanese refineries increased their oil processing to over 70 per cent of their capacity for the first time since March, Petroleum Association of Japan data showed on Wednesday, as they consumed crude released from stockpiles and alternative supplies.After the U.S.-Israeli war with I ...
Thai growth likely to top 3% over next 1-2 years on new investments, minister says
BANGKOK, May 13 : Thailand's finance minister said on Wednesday that he expects growth to top 3 per cent over the next one to two years, boosted by new investments, with the central bank also stating it was in no rush to raise interest rates. • Finance Minister Ekniti Nitithanprapas told repo ...
Thailand's central bank signals no rush to hike rates as inflation outlook improves
BANGKOK, May 13 : Thailand's central bank said on Wednesday that it was in no rush to raise interest rates and that supply-side inflation was expected to ease next year. • The Bank of Thailand said that risks of a second round of inflation were limited, adding that inflation was expected to r ...
Thai rate panel warns against broad economic stimulus as war unfolds
The Bank of Thailand expects economic growth to decelerate sharply to 1.5 per cent this year from 2.4 per cent last year
Thai rate panel warns against broad economic stimulus amid war
The Bank of Thailand expects economic growth to decelerate sharply to 1.5 per cent this year from 2.4 per cent last year
Japan megabanks to gain access to Anthropic's Mythos in about two weeks, source says
TOKYO, May 13 : Japan's three largest banks are expected to gain access to Mythos, the artificial intelligence model developed by Anthropic, in about two weeks, a person with direct knowledge of the matter said. Mythos is viewed by cybersecurity experts as posing significant challenges to th ...
Elon Musk, Jensen Huang, Tim Cook: Who’s in Trump’s US$1 trillion CEO delegation to China
Tan Weizhen - A total of 17 CEOs and senior executives are in the group
Elon Musk, Jensen Huang, Tim Cook: Who’s in Trump’s over US$1 trillion CEO delegation to China
Tan Weizhen - A total of 17 CEOs and senior executives are in the group
Mainland Chinese snap up Hong Kong homes in April, most in 2 years
HONG KONG, May 13 : The number of Hong Kong homes bought by mainland Chinese surged 48 per cent in April from the previous month to a two-year high, data from property agent Midland Realty showed, supported by a strong yuan and a shift to purchasing from renting.Here are the details:• Mainland Chi ...
OCBC inks five-year partnership with Australian government to deepen regional investment and trade flows
Felicia Tan - Oversea-Chinese Banking Corporation (OCBC) has signed a five-year strategic framework with the Australian High Commission Singapore to grow trade and investment flows between Southeast Asia and Australia. The partnership will see collaboration between the bank and three agencies from the Australian ...
Southeast Asia’s e-commerce boom runs into an SME payments bottleneck: report
Nurdianah Md Nur - Small and medium-sized enterprises (SMEs) in Southeast Asia are expected to drive the next wave of e-commerce growth. The problem is that many of them are still relying on payment systems they say are too slow, costly or limited for the job. The region’s e-commerce market is on track to reach US$2 ...
Veon lifts 2026 revenue outlook as softer dollar boosts results
(Corrects year in headline)By Leo Marchandon and Gianluca Lo NostroMay 13 : Dubai-based telecoms group Veon on Wednesday raised its full-year revenue growth forecast after a weaker U.S. dollar helped lift first-quarter revenue 17 per cent.First-quarter revenue rose to $1.1 billion, while earnin
Veon lifts 2025 revenue outlook as softer dollar boosts results
May 13 : Dubai-based telecoms group Veon on Wednesday raised its full-year revenue growth forecast after a weaker U.S. dollar helped lift first-quarter revenue 17 per cent.First-quarter revenue rose to $1.1 billion, while earnings before interest, taxes, depreciation and amortisation increased 17.7 ...
Indonesian stocks slide after MSCI removes six companies from its index in review
May 13 : Indonesia's benchmark stock index slid to a one-year low and shares of some companies owned by the nation's richest families tumbled, after MSCI removed six firms from its Indonesia global standard index.The index provider announced on Tuesday it had removed Amman Mineral Internat ...
Japan's MUFG seeks to offload $2 billion exposure to private credit loans, FT reports
May 13 : Japan’s Mitsubishi UFJ Financial Group is in talks with investors to offload its exposure to about $2 billion of loans it extended to listed private credit funds, the Financial Times reported on Wednesday, citing people familiar with the matter.Reuters could not immediately verify the rep ...
Japan's megabanks set to access Anthropic's Mythos as soon as this month, Nikkei says
TOKYO, May 13 : Japan's three largest banks are set to acquire access to Mythos, the artificial intelligence model developed by Anthropic, as soon as the end of May, the Nikkei business daily reported on Wednesday. The banking arms of Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Gr ...
‘Career bridges’, earlier retrenchment support among ESR’s final proposals for workers facing disruption
Low Youjin - The committee calls for creating ‘meaningful and sustainable careers’ by ensuring technology augments rather than replaces workers
Economic Strategy Review committees release final recommendations to set direction of Singapore’s future growth
The committees have released 32 recommendations following engagements with over 7,700 stakeholders, including businesses, unions and workers.
‘Career bridges’, raising wages of AI-resilient work: Economic Strategy Review proposes ways to create good jobs
Singapore cannot hold back on technology, but should be deliberate about ensuring that technology uplifts workers, the Economic Strategy Review committees said.
India hikes gold and silver tariffs to 15% as it defends rupee against Iran war fallout
The move aims to dampen demand in the world’s second-largest bullion market
Vietnam to raise airline foreign ownership cap, carriers to further adjust operations
HANOI, May 13 : Vietnam is considering raising the foreign ownership cap for domestic airlines to 49 per cent from 34 per cent, state media reported, citing a draft document from the Construction Ministry.The move aims to help carriers attract investment, strengthen finances and access modern techno ...
Why fintech’s next bottleneck isn’t funding, but permissioned capacity
Jonathan Yip - Fintech founders across Asia are discovering that capital is no longer the main constraint on scaling. The real limiter is “permissioned capacity”: licensing clarity, infrastructure readiness and access to talent – and Singapore’s advantage is that it makes the hardest parts more navigable. ...
Gold steady with US-China summit, Middle East developments in focus
President Trump and his Chinese counterpart Xi Jinping will discuss the Iran war
Trek 2000 International shares jump following Wong of Azure Capital's entry as substantial shareholder
The Edge Singapore - Trek 2000 International is the top gainer by percentage this morning after news that Terence Wong of Azure Capital has emerged as a substantial shareholder after a married deal at 12 cents each. As at 10.17 am, Trek 2000 shares, typically thinly-traded, was up as 58.62% to trade at 18.4 cents. More ...
Nvidia CEO Jenson Huang joins Trump’s China trip
[WASHINGTON] Nvidia CEO Jensen Huang will join US President Donald Trump on his visit to China as a last-minute addition to the...
Trump heads to Beijing amid war, trade tensions and hardened rivalry
Both countries are expected to announce plans for the Board of Trade and Board of Investment
Valuetronics Holdings shares drop after profit warning
The Edge Singapore - Valuetronics Holdings drop by around a fifth after warning that it will be making an impairment which will lead to a "significant" decrease in its FY2026 earnings over the preceding year ended March 2025. Specifically, the impairment is related to the company's investments in GPUs and ...
Genting Singapore shares end 10.1% down on Q1 earnings fall
Shikhar Gupta - DBS Group Research downgrades stock to ‘hold’ with a S$0.67 target price
Genting Singapore shares drop 11.6% after Q1 earnings fall
Shikhar Gupta - DBS Group Research downgrades stock to ‘hold’ with a S$0.67 target price
Genting Singapore shares drop 10.9% after Q1 earnings fall
Shikhar Gupta - DBS Group Research downgrades stock to ‘hold’ with a S$0.67 target price
Genting Singapore shares drop 8% after Q1 earnings fall
Shikhar Gupta - DBS Group Research downgrades stock to ‘hold’ with a S$0.67 target price
