AI and the human compact
Kay Pang - This month, commencement season in the US produced an unusual spectacle. Speakers who invoked artificial intelligence (AI) as the defining opportunity of our time were met not with applause, but with sustained booing from graduating classes. Eric Schmidt, former CEO of Google, was among several to b ...
Mitsubishi Motors unveils pickup, Kei-car collaboration with Nissan
TOKYO, May 29 : Mitsubishi Motors will undertake a joint pickup vehicle project with Nissan Motor in North America, the company said on Friday in its new mid-term business plan.In Japan, the two companies will also carry out joint development and production of Kei-class small cars, which can be eith ...
A booming SGX masks a harder truth about Singapore’s economy
Frankie Ho - Singapore’s stock market has never been worth more. It edged past Indonesia this past week to become Southeast Asia’s largest bourse, Bloomberg reported, with its total market cap rising to US$645 billion ($824 billion) against Jakarta’s US$618 billion. The Straits Times Index (STI), which fir ...
Night and day in the Milky Way of IPOs
Chew Sutat - The IPO stars of 2026 are rapidly lining up as the universe aligns to conjure the holy triumvirate of our AI future in US markets. Officially filed on May 20, Elon Musk’s SpaceX is set to kick off its roadshow on June 8 and begin trading on June 11. And after the traditional summer break, the IPOs ...
Singapore’s income engine is misfiring
Lee Ooi Keong - In 2025, retail investors in Singapore were net buyers of S-REprITs to the tune of $961 million. Over the same period, institutional investors were net sellers of $1.3 billion. Retail investors have been consistent net buyers of the sector every year since 2019. That is not a short-term positioning ...
Foxconn has immense confidence in growth momentum due to AI, chairman says
The company is Nvidia’s biggest server maker and Apple’s top iPhone assembler
Can Singapore equities sustain momentum?
Carmen Lee - Rising share prices on higher trading volume are among the classic indicators favoured by market participants, reflecting healthy price momentum and increasing interest.. This is exactly what has played out in the Singapore market in the last 15 months since the Equity Development Programme (EQDP) w ...
A cold shower for the AI mania
Raghuram G Rajan - AI tools will undoubtedly transform the nature of work. Large language models (LLM) can already generate referee reports for my own research papers that rival those of human referees. Unlike humans, who are always pressed for time, an LLM “knows” or can access much more of the literature in an i ...
Ordinary Americans deserve a fair shot at IPOs
Nicolas S. Rohatyn - This year, two of the most consequential companies in America are expected to go public. SpaceX, which released its initial public offering prospectus last week, is targeting a valuation of at least US$1.75 trillion, the largest debut in market history. OpenAI, whose technology has already altered h ...
India's Wipro rises after expanded partnership to scale AI adoption
May 29 : Shares of Wipro rose 4.67 per cent before the market bell on Friday, after the IT services company said it had expanded its partnership with U.S.-based software provider ServiceNow to deploy agentic AI workflows across core enterprise functions.
India's Wipro up 4% after expanded partnership to scale AI adoption
May 29 : Shares of Wipro rose as much as 4 per cent on Friday, after the IT services company said it had expanded its partnership with U.S.-based software provider ServiceNow to deploy agentic AI workflows across core enterprise functions.The stock later pared gains to trade 2.60 per cent higher at ...
Buying the dip: When are lower prices an opportunity and when are they a trap?
Brian See Toh - A common investing strategy among retail investors is “Buying the dip”. A share price falls, an index pulls back, or a familiar company suddenly appears cheaper than it did just a few weeks earlier, and the instinctive reaction for savvy investors is to view it as an opportunity. Over the long t ...
OUE REIT: The case for prime assets in a volatile world
Julian Wong - OUE REIT CEO Han Khim Siew spent three years overhauling the REIT he inherited, from capital structure and portfolio to strategy. The transformation of a flagship Orchard Road hotel reflects a broader conviction: in an era of persistent uncertainty, the right assets in the right locations can turn v ...
China’s de-dollarisation and the QR code
Daryl Guppy - The idea of de-dollarisation is sometimes promoted as implying the collapse of the US dollar. The move away from the US dollar for everyday transactions and international trade settlement displaces it from its sole dominant position. International trade settlement now has a genuine choice about how ...
China’s ‘slow bull’ financial sector overhaul
Tan Kong Yam - China is building a stronger, more stable and more strategic capital market as part of its next stage of development. One of the aims is to transform the equity market into a tool that can support technological upgrading, provide households with an alternative to excessive reliance on property, and ...
Asia’s energy shock: Who is resilient, who is not?
Nigel Foo - The war involving Iran has raised concerns that Asia will be among the hardest-hit regions, due to its dependence on imported energy. Consumers are already feeling the impact through higher fuel and electricity prices. Looking ahead, however, the economic fallout will vary sharply across countries, ...
From lab to market: Navigating value in a changing biotech landscape
Damien Ng - The global biopharmaceutical landscape is shifting in ways that matter for investors. Disease burdens are rising, and Asia, particularly China, is playing a larger role in shaping research and development. These forces are redefining where innovation happens and how investors should think about the ...
AI giant Anthropic reaches near-trillion dollar valuation, surpassing OpenAI
SAN FRANCISCO: Artificial intelligence company Anthropic said Thursday (May 28) it had raised US$65 billion in a new funding round that values the Claude maker at US$965 billion, more than its archrival OpenAI, the maker of ChatGPT.The latest fundraising round confirms Anthropic's place as one ...
GIC-backed Coda Payments secures MAS major payment institution licence
Deon Loke - It can conduct multiple transactions without being subject to certain threshold limits on volume or float
Singtel maintains prospects of higher dividends; ramps up bid to capture AI growth
The Edge Singapore - From the recent peak of $5.21 in March, the share price of Singapore Telecommunication (Singtel) has dropped by around 14% to close at $4.48 on May 26, including 10% lost after its FY2026 report on May 21. The downtrend contrasts with Singtel’s doubling over the last two years, following the launc ...
Marco Polo Marine unlocks value with RTO, new business segment on the cards
Lin Daoyi - On May 15, in addition to announcing a stronger y-o-y set of results for 1HFY2026, Mainboard-listed Marco Polo Marine (MPM) also announced a significant transaction that could shape its future direction. The transaction is a reverse takeover (RTO) of its shipyard business — comprising Marco Polo S ...
Revenue-sharing to ‘structurally accelerate’ DPU growth for Parkway Life REIT: DBS
The Edge Singapore - Parkway Life REIT is known among investors for its unblemished track record of delivering annual distribution per unit (DPU) growth since its 2007 listing. Parkway Life REIT holds an overseas portfolio of nursing homes in France and Japan, but is better known for its much more valuable ownership of ...
Broker's Digest: Delfi, CSE Global, Ever Glory, SIA, ISDN, TeleChoice, CapitaLand Ascendas REIT, UI Boustead REIT
The Edge Singapore - Delfi GroupPrice target: DBS Group Research ‘hold’ $1 Volatile rupiah
Seatrium continues ‘steady’ project execution
Lin Daoyi - In its business update for 1HFY2026 ended March 31, Mainboard-listed Seatrium reported “steady” project execution with a net order book of $15.5 billion across 24 projects with deliveries through 2033. For reference, Seatrium’s order book was $17.8 billion as at Dec 31, 2025, implying that mor ...
Returning capital to investors
Goola Warden - In the past few years, analysts, in particular, have been pressuring banks to return capital to investors through share buybacks. The pressure increased to the point that some analysts suggested that S-REITs, which are always in debt, begin executing unit buybacks. Some S-REITs whose units are tradi ...
Hongkong Land turns asset-lighter in growth push
Goola Warden - Not content with being Singapore’s largest listed property developer, Hongkong Land now aims to be an asset manager to create long-term value for investors Hongkong Land (HKL), with investment properties last valued at US$34.6 billion ($44.2 billion) and a market cap of US$16.7 billion, is the lar ...
Asset-light vs asset-heavy and somewhere in between
Goola Warden - As of May, between CapitaLand Investment (CLI) and Keppel, CLI is further along the way to being a Blackstone, although its funds under management (FUM) of $125 billion to $75.3 billion of REIT FUM and $80 billion of private funds FUM is a fraction of Blackstone’s (see Table 1). The way CLI report ...
SpaceX lowers IPO valuation target to at least US$1.8 trillion
The company expects to make its debut on Nasdaq and Nasdaq Texas under the symbol SPCX
DBS CEO Tan Su Shan named as one of the world's most powerful women by Fortune
The Edge Singapore - DBS Group Holdings' group CEO, Tan Su Shan has been named as one of the world's most powerful women. When Fortune announced its 2026 edition of the Most Powerful Women in Business list, Tan was no 6 on the list after Jane Fraser, Chair and CEO, Citigroup (US), Mary Barra, Chair and CEO, Ge ...
SGX-listed Jardine eyes more Asia deals after US$10 billion spree to revamp empire
The company and its subsidiaries have been shedding capital-intensive assets across sectors
Jardine eyes more Asia deals after US$10 billion spree to revamp empire
The company and its subsidiaries have been shedding capital-intensive assets across sectors
SGX-listed Jardine Matheson eyes more Asia deals after US$10 billion spree to revamp empire
The company and its subsidiaries are shedding capital-intensive assets across sectors
Astera Labs founders from the US named EY World Entrepreneur Of The Year 2026
The Edge Singapore - Jitendra Mohan, Sanjay Gajendra and Casey Morrison, co-founders of Astera Labs from the US, were named the EY World Entrepreneur Of The Year 2026 winners, beating 58 country winners from 46 countries competing for the global title. They are the fourth winner from the United States in the award’s 2 ...
Blue Origin rocket explodes during test, setback for bid to catch SpaceX
May 28 : A Blue Origin New Glenn rocket dramatically exploded on the launchpad during a test on Thursday, in a setback for Jeff Bezos’ space venture as it seeks to narrow the gap with Elon Musk’s SpaceX.Video posted by NASASpaceflight, a YouTube channel that livestreams launches from Florida, sh ...
