UOB, MBS and STB team up with Disney Cruise Line to promote Disney Adventure on her first cruise in Asia
The Edge Singapore - United Overseas Bank with precinct partners Marina Bay Sands (MBS), Singapore Tourism Board (STB) along with Disney Cruise Line, will light up the Singapore skyline with a show over three nights, from March 13 to 15. The show will part of a two-month long nautical-themed festivities titled “Advent ...
Ambani's Reliance will invest $110 billion in AI
Feb 19 : India's Reliance Industries and its unit Jio will invest 10 trillion rupees ($110 billion) over the next seven years in artificial intelligence, billionaire Chairman Mukesh Ambani said on Thursday.($1 = 91.0870 Indian rupees)
India's Reliance to build AI data centres in $110 billion investment push
NEW DELHI: India's Reliance Industries and telecoms arm Jio will invest $109.8 billion over the next seven years to build artificial intelligence and data infrastructure, its billionaire chairman Mukesh Ambani said on Thursday (Feb 19).Speaking at the AI Impact Summit in New Delhi, Ambani said ...
Hotel group Accor narrowly beats profit expectations in 2025
Feb 19 : French hotel group Accor reported annual core profit just above market expectations on Thursday, supported by the diversification of its hotel portfolio and the expansion of its loyalty program.The group said its earnings before interest, taxes, depreciation and amortisation (EBITDA) were 1 ...
Airbus softens output goal amid Pratt & Whitney engine delays
The two companies have said they have yet to conclude an agreement on volumes for either 2026 or 2027
Ousted Korean President Yoon sentenced to life imprisonment over 2024 martial law declaration
Masterminding an insurrection carries a maximum sentence of the death penalty or life imprisonment under South Korean law
South Korean court hands life term to ex‑president Yoon for insurrection
Prosecutors had sought the death penalty in the case, closely watched in a deeply divided country
Goldman-backed management buyout offer for Japan's Raksul sweetened by 11%
TOKYO, Feb 19 : A Goldman Sachs-backed management buyout offer for Japanese digital printing firm Raksul has been lifted by 11 per cent after investor criticism of the deal, and the tender offer period is now set to run to March 9.A fund established by Goldman Sachs said in a statement that the offe ...
Goldman-backed MBO raises bid for Japan's Raksul to $730 million
TOKYO, Feb 19 : A Goldman Sachs-backed management buyout offer (MBO) for Japanese digital printing firm Raksul was increased by 11 per cent on Thursday after investor criticism of the proposed deal, and the tender period extended to March 9.A fund established by Goldman Sachs said in a statement tha ...
StanChart Singapore rolls out first ESG-linked cash account for a local company
Chloe Lim - It integrates STT GDC’s key ESG performance indicators and sustainability performance targets to reward progress
OpenAI to partner with Tata for AI data centre buildout in India
One pillar of the agreement will be TCS’s development of a 100 megawatt data centre that may be expanded to one gigawatt
Samsung shares rise to record after report on higher chip price
After initially falling behind smaller SK Hynix in the early days of the AI race, the company has been mounting a comeback
Microsoft says it does not think US ICE uses firm's tech for mass surveillance of civilians
WASHINGTON, Feb 18 : Microsoft said on Wednesday it did not think the U.S. Immigration and Customs Enforcement agency was using its technology for mass surveillance of civilians but added that it provided cloud-based productivity and collaboration tools to ICE.The statement from the technology compa ...
S&P says reviving investor confidence is key for Indonesia’s sovereign support
S&P noted authorities are addressing problems in the Indonesian stock market
Bill Gates cancels keynote address at India AI summit
Gates and Epstein met repeatedly after Epstein’s prison term
BBVA plans to start Japan brokerage in first for Spanish bank
The Bilbao-based lender has operated a commercial banking business in the country since 2005
Asian markets rally after Wall St tech-led gains
HONG KONG: Tech firms led gains across Asian equities on Thursday (Feb 19) following a positive lead from Wall Street, where traders also welcomed strong United States data that suggested the world's top economy remained in rude health.The advances came even as the figures tempered expectations ...
India AI summit stumbles as Bill Gates pulls out, chaos mounts
NEW DELHI: Bill Gates pulled out of India's AI Impact Summit hours before his scheduled keynote address on Thursday (Feb 19), dealing another blow to a flagship event already marred by organisational lapses, a robot row and delegate complaints over traffic disruptions.Gates' absence, follo ...
Bill Gates pulls out of India AI summit; anger mounts over organisational lapses
NEW DELHI: Bill Gates pulled out of India's AI Impact Summit hours before his scheduled keynote address on Thursday (Feb 19), dealing another blow to a flagship event already marred by organisational lapses, a robot row and complaints of traffic chaos.Gates' absence, followed by anot
India's Tata signs up OpenAI as customer for data centre business
NEW DELHI, Feb 19 : OpenAI will become the first customer of India's Tata Consultancy Services' data centre business, beginning with 100 megawatts of capacity, part of the global AI infrastructure initiative Stargate, the companies said.Stargate is a $500 billion multi-year initiative to b ...
Tata's data centre business signs up OpenAI as customer
NEW DELHI, Feb 19 : OpenAI will become the first customer of India's Tata Consultancy Services' data center business, beginning with 100 megawatts of capacity, the parent firm of ChatGPT said on Thursday.Separately, Tata Group is planning to deploy ChatGPT Enterprise across the company ove ...
Philippine equities start the year hot, but can it overcome scandal and slump?
Evan See - The undervalued benchmark index could rebound from a five-year low to hit 7,100 this year, says analyst
Philippine equities start the year hot, but can they overcome scandal and slump?
Evan See - The undervalued benchmark index could rebound from a five-year low to hit 7,100 this year, says analyst
New Zealand’s central bank done easing policy but risks are on both sides, top official says
[SYDNEY] New Zealand’s central bank is done cutting interest rates but there are risks on either side as policymakers gauge the strength...
Rex International guides for FY2025 net loss; subsidiary Lime Petroleum weighs merger, restructuring among other options
Felicia Tan - Rex International Holding says it expects to report a net loss for the FY2025 ended Dec 31, 2025. The losses mainly stem from “significant technical complications” from the drilling operations in Benin, which resulted in a “material increase” in drilling costs. The complications have also de ...
Indonesia, US firms sign US$38.4 billion in trade, investment deals
The deals also include two semiconductor joint venture agreements
Indonesia, US firms sign over US$7 billion in trade, investment deals
The South-east Asian country is the 11th largest market for all American farm goods
Gold and silver beat equities, unit trust funds as top entry point for new OCBC retail investors
Benicia Tan - While precious metals can play a stabilising role in portfolios, allocations should ‘stay measured’, says the bank
Gold and silver seen as first-time investors’ preferred asset class: OCBC
Felicia Tan - Gold and silver have emerged as first-time investors’ preferred asset class, overtaking equities and unit trust funds, according to observations by Oversea-Chinese Banking Corporation (OCBC). On Feb 19, the bank announced that two in three of its retail customers in 2025 chose the two precious met ...
Vietnamese airlines sign $30-billion deals for 90 Boeing jets
HANOI, Feb 19 : Three Vietnamese airlines signed deals with U.S. manufacturer Boeing on Thursday to buy a total of 90 aircraft, as Vietnam and the United States continue negotiations on a new trade deal. The deals were signed during a visit to the United States by the head of Vietnam's Communis ...
Vietnam airlines signs deal with Boeing for 50 737-8 jets
HANOI, Feb 19 : Vietnam Airlines has signed an agreement with Boeing to buy 50 narrow-body 737-8 jets, it said on Thursday. The country's flag carrier is also in talks with the U.S. aircraft manufacturer for the additional purchases of 30 wide-body planes with a value of up to $12 billion, it s ...
Gold edges down as dollar firms; inflation data in focus
Non-yielding bullion tends to do well in low-interest-rate environments
Oil prices dip as investors assess trajectory of US-Iran tensions
TOKYO, Feb 19 : Oil prices eased in early Asia trade on Thursday, following the previous day's 4 per cent jump, as investors assessed efforts by the U.S. and Iran to resolve tensions while both sides have stepped up military activity in the key oil-producing region.Brent futures fell 12 cents, ...
Oil prices extend gains on concern over potential US-Iran conflict
LONDON, Feb 19 : Oil prices rose on Thursday, driven by increasing concerns over potential military conflict between the United States and Iran as both countries stepped up military activity in the oil-producing region. Brent futures were up $1.09, or 1.55 per cent, at $71.44 a barrel by 1247 GMT w ...
