Exclusive-Meta's new AI team has delivered first key models internally this month, CTO says
DAVOS, Switzerland, Jan 21 : Meta Platforms' new artificial intelligence lab has delivered its first high-profile AI models internally this month, the company's chief technology officer said on Wednesday.At a briefing on the sidelines of the World Economic Forum's annual meeting in Da ...
ASTI Holdings raises gross proceeds of $3.2 mil from placement exercise; trading suspension since 2022 lifted
Nicole Lim - ASTI Holdings has completed its placement exercise of 128 million new ordinary shares at 2.5 cents per share, raising gross proceeds of $3.2 million. At the same time, the company has announced the resumption of its trading on Jan 22, 9am, after two years of trading suspension. The group says that t ...
European telcos to get unlimited radio spectrum under EU draft law
BRUSSELS, Jan 21 : Europe's telecoms operators will get a major boost under a European Commission proposal announced on Wednesday, allowing them to use radio spectrum for an unlimited duration, but their demand that Big Tech be required to help fund the cost of rolling out broadband went unheed ...
China’s hotels allege predatory pricing, forced exclusivity in Trip.com antitrust probe
The company controls about 56% of China’s online travel market
Ley Choon receives SGX's nod for listing transfer to Mainboard
The Edge Singapore - Ley Choon Group Holdings has on Jan 20 received approval in-principle from the stock exchange to move its listing from the Catalist to the Mainboard. The company, which specialises in underground construction works, had on Jan 5 announced its bid to make this move. Ley Choon was first listed on the ...
BI holds key rate at 4.75% as rupiah tumbles to record low
Elisa Valenta - Governor Warjiyo says that BI is prepared to use its ample foreign exchange reserves to defend the currency
OCBC raises target price for ST Engineering to $10.90 on 'intact re-rating' story
The Edge Singapore - Chu Peng of OCBC Group Research has raised her target price for Singapore Technologies Engineering from $9.80 to $10.90 to reflect stronger confidence in its earnings growth trajectory. As one of the few leading defence proxies in this region, ST Engineering, with a third of its business defence-rel ...
Malaysian anti-graft agency opens money laundering probe involving IJM
The confirmation of the probe comes just days after Sunway announced a US$2.71 billion takeover bid for IJM
Lululemon pauses online sales of sheer leggings that are not ‘squat proof’
This is its latest setback as it tries to win back customers, revive growth, and find a new CEO
Mainstream car COE rises 7.3%, large cars up 2.1% in post-motor show event
Derryn Wong - Most premiums go up, with only the commercial vehicle and Open category dipping
Mainstream car COE rises 7.3%, large cars up 2.1% in post-motorshow event
Derryn Wong - Most premiums increase, with only the commercial vehicle and Open category dipping
New index identifies top 300 employers in Singapore that support career growth
The Singapore Opportunity Index gives workers transparency, allowing them to choose employers that offer "pathways aligned with their own aspirations", said Manpower Minister Tan See Leng.
Workers’ Party declines to nominate new Leader of Opposition, says party chief is de facto opposition leader
Tessa Oh - [SINGAPORE] The Workers’ Party (WP) will not be putting forward another Member of Parliament to serve as Leader of the Opposition, the...
Indonesia central bank keeps rates unchanged amid rupiah weakness
JAKARTA, Jan 21 : Indonesia's central bank held its key policy rates steady on Wednesday, as expected, saying the level was supportive of economic expansion while remaining consistent with its goal to anchor the rupiah, which hit a record low a day earlier.Bank Indonesia (BI) kept the benchmark ...
Netflix shares drop 7% in Europe after Q4 results
LONDON: Netflix shares listed in Frankfurt fell in early trade on Wednesday despite beating expectations for fourth quarter revenue and earnings, as the company remains locked in a fierce bidding war for Warner Bros Discovery. Netflix also told investors it would pause share buybacks to accumulate ...
Macquarie ranks Malaysia’s market as its top pick among 5 Asean countries
Lionel Lim - The Australian bank cites politics, currency strength and corporate capital expenditure
Malaysia's Maybank aims to mobilise $74 billion in sustainable finance by 2030
Jan 21 : Maybank plans to mobilise 300 billion ringgit ($74.00 billion) in sustainable finance over the next five years, Malaysia's largest lender by assets said on Tuesday. The move comes as part of the bank's new five-year strategy, ROAR30, till 2030, which includes achieving a return on ...
More than one-third of people want fewer foreign firms operating in their home country: report
Chloe Lim - The widest gap in trust between domestic firms and those based abroad seen in Canada, Japan and Germany
Taiwan's GlobalWafers preparing for phase two expansion at Texas plant
HSINCHU, Taiwan, Jan 21 : Taiwanese silicon wafer manufacturer GlobalWafers is preparing for the phase two expansion of its plant in the U.S. state of Texas, subject to customer commitments, Chairperson Doris Hsu told reporters on Wednesday.In May of last year, GlobalWafers said it would invest an a ...
GlobalWafers is preparing for phase two expansion at Texas plant, chairperson says
HSINCHU, Taiwan, Jan 21 : Taiwanese silicon wafer manufacturer GlobalWafers is preparing for the phase two expansion of its plant in the U.S. state of Texas, subject to customer commitments, Chairperson Doris Hsu told reporters on Wednesday.In May of last year, GlobalWafers said it would invest an a ...
Thailand to introduce gold trade cap to curb baht rise, central bank chief says
BANGKOK, Jan 21 : Thailand will introduce a cap on gold trading by January 29 in a bid to stabilise its currency, Bank of Thailand Governor Vitai Ratanakorn told reporters on Wednesday.Trading will be capped at between 50 million to 100 million baht ($1.6 million to $3.2 million), he said.The baht h ...
France's Atos flags steep revenue decline for 2025
Jan 21 : French IT group Atos said on Wednesday it expected to report a sharp drop in annual revenue, but in line with its own guidance, as contract losses persisted through the quarter that ended on December 31.Group revenue in 2025 is estimated to have fallen to 8 billion euros ($9.4 billion), whi ...
L'oreal to invest US$383 million in Indian beauty tech hub
[PARIS] French cosmetics giant L’oreal said on Wednesday (Jan 21) it will set up a beauty tech hub in the south Indian...
Lim & Tan Securities ups CNMC Goldmine’s TP to $1.53; says it’s a ‘great time’ to be a ‘gold digger’
Felicia Tan - Lim & Tan Securities analyst Chan En Jie sees more upside to CNMC Goldmine’s share price as spot gold prices climb to fresh highs. In a Jan 21 report, Chan raised his target price to $1.53, implying a 23.4% upside to CNMC’s last-closed share price of $1.24 on Jan 20. “CNMC Goldmine remains ...
Analysis:Geopolitical and tariff risk back with a bang for markets
NEW YORK, Jan 21 : As President Donald Trump kicks off the second year of his second term in office, the geopolitical- and tariff-related volatility that characterized his return to power has resurfaced to shake markets. Investors who have been conditioned to asset prices swiftly rebounding are wor ...
Japan's top labour union group urges government to stabilise forex
TOKYO, Jan 21 : The chief of Japan's largest trade union umbrella group Rengo on Wednesday pressed the government to steer economic policy toward stabilising foreign exchange rates, saying that the weak yen is accelerating inflation through higher import costs.The yen has sank against major cur ...
Maybank eyes 13-14% ROE by 2030 in new five-year strategy unveiled ahead of Q4 earnings
Therese Soh - It will invest RM10 billion in its technology, data and artificial strategy over the next five years
Maybank lifts ROE target to 13-14% by 2030 in new five-year strategy ahead of Q4 earnings
Therese Soh - It will invest RM10 billion in its technology, data and AI strategy over the next five years
OpenAI to start offering chatbot ads to advertisers, The Information reports
OPENAI has started offering its new chatbot ads to dozens of advertisers, The Information reported on Tuesday, citing people familiar with the...
Gates and OpenAI team up for AI health push in African countries
LONDON, Jan 21 : The Gates Foundation and OpenAI are setting up a $50 million partnership to help African countries use artificial intelligence to improve their health systems.The partnership, called Horizon1000, plans to work with African leaders to work out how best to use the technology, starting ...
OCBC sets up securities financing unit for institutional investors
Tan Nai Lun - It will create opportunities for these customers to earn fee income by lending out their idle securities, says lender
L'oreal to invest $383 million in Indian beauty tech hub
Jan 21 : French cosmetics giant L'oreal said on Wednesday it will set up a beauty tech hub in the south Indian city of Hyderabad with an initial investment of over 35 billion rupees ($383.4 million).The hub aims to be a global base for AI‑driven beauty innovation, create 2,000 tech jobs throu ...
L'oreal to invest $383 million in Indian tech hub
Jan 21 : French cosmetics giant L'oreal said on Wednesday it will set up a tech hub in the south Indian city of Hyderabad with an initial investment of over 35 billion rupees ($383.41 million). ($1 = 91.2860 Indian rupees)
Trump’s plane lands safely after ‘minor electrical issue’, Davos trip to continue
[ABOARD AIR FORCE ONE] President Donald Trump’s Air Force One landed safely at Joint Base Andrews near Washington to change aircraft on...
