Japan's $550 billion package focuses on US infrastructure, Lutnick tells Nikkei
TOKYO :U.S. Commerce Secretary Howard Lutnick said Japan's $550 billion U.S.-bound investment package would focus on areas such as power and pipelines that are fundamental to national security and "have virtually no risk."In an interview with the Nikkei business daily published on Mon ...
NoonTalk Media defends business strategy after auditor raises concerns about losses
The media entertainment company, led by former DJ Dasmond Koh, has failed to make a profit since its listing in 2022, with accumulated losses reaching S$9.2 million as of Jun 30.
Pek Chuan Building in Kallang up for collective sale at S$80 million
Jessie Lim - It comprises retail units on the first to third floors, with office units on the fourth floor; the site has a plot...
ASL Marine assisting investigations into fire that caused 13 deaths on its Batam shipyard; announces contract wins
Nicole Lim - ASL Marine announces new contract wins amid assisting investigations involving a fire that caused thirteen deaths at its Batam Shipyard on Oct 15. On Oct 15 around 4.20am, the group’s subsidiary’s shipyard in Batam experienced a fire. The incident occurred on board a tanker that was undergoing a ...
East Asia Summit must move beyond ‘talk shop’ to deliver real outcomes: PM Wong
Low Youjin - The world is undergoing profound changes and trust deficits are widening, he says
UnUsUaL guides for net profit for 1HFY2026 due to increased projects completed
Nicole Lim - The board of directors of UnUsUaL Limited has announced that the group is expected to report a net profit for the 1HFY2026 ended Sept 30 in a profit guidance announcement. This net profit is mainly attributable to increase in revenue with an increased number of projects completed. The group expects ...
Climate action losing ‘political importance’ as governments prioritise rising costs and security worries: IEA
The push for climate action and the transition to cleaner energy has waned, even as the impacts of climate change intensify, said the agency’s executive director Fatih Birol.
First Sponsor Group European property income up 1.3% y-o-y to EUR14.9 mil for 3QFY2025
The total income for First Sponsor Group’s European property portfolio for 3QFY2025 ended Sept 30 stood at EUR14.9 million ($22.49 million), up 1.3% y-o-y. For the 9MFY2025, total income for its European property portfolio declined 1.1% y-o-y to EUR39.6 million. The slightly stronger 3QFY2025 perf ...
Daily Debrief: What Happened Today (Oct 27)
Stories you might have missed
Shophouse sales rebound in Q3 as investor interest returns with lower financing costs
Chong Xin Wei - PropNex expects investment demand to remain resilient, supported by Singapore’s safe-haven appeal
As Fed prepares to cut rates this week, all eyes are on outcome of Trump-Xi meeting in Seoul
Prospect of a trade deal between Washington and Beijing has raised hopes of prices of goods coming down ahead of the holiday...
Big Tech to report earnings under specter of AI bubble
As America's tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble?Microsoft, Alphabet, Amazon and Meta are poised to report that revenue rose at a brisk pace in the July-September quarter ...
Data centres to boldly go where no man has gone before: NTU researchers show the way
Shikhar Gupta - The NTU researchers’ study follows a 10- to 20-year forecast from Amazon founder Jeff Bezos for data centres in space
India's LTIMindtree betting big on new AI unit, CEO says
BENGALURU :LTIMindtree is doubling down on AI with investments in a newly-launched platform that helps companies adopt the technology, its top boss said, as India's $283-billion IT industry faces broader cuts in non-essential spending by clients.The business, BlueVerse, launched in June, uses r ...
RCEP members must strengthen, expand and improve trade pact to stay relevant: PM Wong
Low Youjin - The global environment has changed considerably since 2022, when the mega trade agreement entered into force, he notes
Asia stocks surge on US-China trade deal breakthrough
HONG KONG: Asian equities surged Monday (Oct 27) as investors cheered a breakthrough in US-China trade talks that set the stage for leaders Donald Trump and Xi Jinping to finalise a deal, averting an escalation in the world's biggest trade dispute.Markets rallied after US Treasury Secretary Sco ...
Higher target prices for Keppel DC REIT following 3QFY2025 improvements in DPU despite wider unit base
The Edge Singapore - Despite a recent preferential offering which widened the unit base, Keppel DC REIT was able to report slightly higher distribution per unit for its 3QFY2025. For the three months to Sept, the data centre REIT reported a DPU of 2.54 cents, up 1.4% y-o-y, thanks to rental reversions of 10%. This bring ...
iX Biopharma shares jump 35% on potential US, Australia listing plans
Nathania Chew - This brings the counter up 408% in the year to date
Indonesian stocks tumble on worries about MSCI weighting change
The benchmark Jakarta Composite Index dropped by 3.8 per cent in the biggest slide since Apr 8
Honda Motor buys stake in India's OMC Power to develop clean energy batteries
NEW DELHI/BENGALURU :Indian renewables firm OMC Power, backed by Japan's Mitsui & Co and Chubu Electric Power, said on Monday that automaker Honda Motor has acquired a stake in the company to jointly develop clean energy storage batteries.OMC Power did not disclose the size of the stake or ...
Honda Motor acquires stake in India's OMC Power to develop clean energy batteries
India's renewable energy service company OMC Power, backed by Japan's Mitsui & Co and Chubu Electric Power, said on Monday that Japanese automaker Honda Motor has taken an equity stake in the company to jointly build clean energy storage batteries.The company did not give any details a ...
Bahrain's sovereign fund, SandboxAQ sign deal to speed up drug discovery with AI
RIYADH :SandboxAQ, a U.S.-based artificial intelligence and quantum technology firm, signed an agreement with Bahrain's sovereign wealth fund on Monday aimed at speeding up the development of drugs and creating biotech assets worth $1 billion.The deal, announced on the sidelines of Saudi Arabia ...
Amazon to invest US$1.6 billion in Dutch operation
[AMSTERDAM] Amazon plans to invest US$1.63 billion in the Netherlands over the next three years, the company said on Monday (Oct 27).
Jurong Island’s ‘balancing act’: Going green while sustaining jobs and growth
Sharanya Pillai - The petrochemical hub’s transition comes amid the oil down-cycle and a looming carbon tax hike
Lim & Tan initiates ‘accumulate’ call on KSH Holdings with TP of 51 cents
Felicia Tan - Lim & Tan Securities analysts Linus Loo and Chan En Jie have initiated “accumulate” on Mainboard-listed contractor and developer KSH Holdings, which they believe is an “under-looked beneficiary” of the construction recovery in Singapore. In their Oct 27 report, Loo and Chan note that KSH ...
Saudi startup Humain to launch new AI-based operating system
RIYADH :Saudi-based AI startup Humain, set up by the kingdom's sovereign wealth fund, plans to launch a computer operating system this week that enables users to speak to a computer to tell it to perform tasks, the company said on Monday.It sees systems such as its new product, Humain 1, as an ...
Saudi AI firm Humain unveils 6 gigawatt data centre plan and new AI operating system
RIYADH :Saudi AI firm Humain is planning to construct approximately 6 gigawatts of data centre capacity and is launching Humain 1, its CEO Tareq Amin said on Monday at the Fortune conference in Riyadh.
Trump came, danced and left, leaving Asean (and Anwar) to carry on
Anita Gabriel - The group must keep its focus as it weathers a choppy year of tariffs, political tensions, escalating costs and slowing trade
Banks not told of power plant when they gave in-principle loan commitment to Hyflux’s Tuaspring project: witness
Tay Peck Gek - Consortium sends18 questions to company upon finding out about the higher-risk power plant
Banks not told of power plant when they gave in-principle loan commitment to Tuaspring project: witness
Tay Peck Gek - Consortium sends18 questions to company upon finding out about the higher-risk power plant
Banks not told of power plant when it gave in-principle loan commitment to Tuaspring project: witness
Tay Peck Gek - Consortium sends18 questions to company upon finding out about the higher-risk power plant
RHB holds ST Engineering's price target at $9.10 following record quarterly order wins
The Edge Singapore - Shekhar Jaiswal of RHB Bank Singapore has kept his positive stance on Singapore Technologies Engineering following its most recent regular order book update ahead of is 3QFY2025 results. In the three months to Sept, the company won $4.9 billion in new orders, which is the highest quarterly total, se ...
Amazon to invest $1.6 billion in Dutch operation
AMSTERDAM :Amazon plans to invest 1.4 billion euros ($1.63 billion) in the Netherlands over the next three years, the company said on Monday.The investment is its largest in the euro zone's fifth biggest economy since it launched its activities there in 2020, the company said.Amazon has around ...
Amazon to invest $1.6 billion in Dutch operations, FD reports
AMSTERDAM :Amazon plans to invest 1.4 billion euros ($1.63 billion) in the Netherlands in the next three years, Dutch financial daily FD reported on Monday, citing the company's head for Belgium and the Netherlands.The investment is partly aimed at the development of AI for entrepreneurs who se ...
