Poland's EMP teams up with Foxconn to build EV manufacturing hub
WARSAW, May 7 : State-backed ElectroMobility Poland said Thursday it will partner with Taiwan's Foxconn to develop an electric vehicle production and research hub in southern Poland, advancing plans to create a domestic EV champion as Europe demand picks up.Battery EV sales in the European Unio ...
Malaysia holds key rate steady, flags risks from Middle East crisis
KUALA LUMPUR, May 7 : Malaysia's central bank on Thursday held its benchmark interest rate steady, warning of risks to domestic growth and inflation from the prolonged conflict in the Middle East.Bank Negara Malaysia maintained its overnight policy rate at 2.75 per cent for the fifth straight p ...
Quantum Motion raises $160 million to build quantum computers from standard silicon transistors
SAN FRANCISCO, May 7 : Quantum Motion on Thursday said it raised $160 million to fund its effort to build a quantum computer that is smaller, cheaper and more energy efficient than rivals using standard silicon chipmaking techniques. Quantum computers hold the promise of solving problems that regula ...
AirAsia cofounder Fernandes plans to start new airline, Bloomberg News reports
May 7 : AirAsia co-founder Tony Fernandes is preparing to launch a new airline, betting on high oil price volatility, Bloomberg News reported on Thursday.The new airline could be announced within the next couple of months, the report said, adding that the carrier group is moving some planes for the ...
AirAsia co-founder Fernandes plans to start new airline: Report
The new airline could be announced within the next couple of months, the report said, adding that AirAsia is moving some planes for the venture.
European shares pause as markets watch Middle East peace prospects; earnings on tap
EUROPEAN shares were steady on Thursday, after a sharp rally in the previous session, with investors holding on to optimism that a...
GIC, Frasers Property-backed co-working operator JustCo files preliminary prospectus for SGX listing
The Edge Singapore - Co-working operator JustCo has lodged its preliminary prospectus for a listing on the Mainboard of the Singapore Exchange. The company was started by Kong Wan Sing back in 2011 with just one office in a 3,132 sq ft space at Samsung Hub. JustCo now operates 54 centres across 12 cities, namely Bangkok ...
Amazon cuts Singapore workforce as it phases out local fulfilment including Amazon Fresh
Benjamin Cher - This comes amid ‘strong demand for products from international stores’ from consumers in the Republic
Amazon cuts Singapore roles as it phases out local fulfilment including Amazon Fresh
Benjamin Cher - It is also phasing out its local fulfilment in the Republic, including its Amazon Fresh and grocery partners
Amazon cuts Singapore roles as it expands international store selection here
Benjamin Cher - It is also phasing out its local fulfilment in the Republic, including its Amazon Fresh and grocery partners
AirAsia to start new airline, stays defiant on fuel hedging
To help fund expansion, AirAsia is preparing to sell as much as US$600 million in bonds
Bank Negara Malaysia holds key rate steady, flags risks from Middle East crisis
The latest indicators show the country’s Q1 growth momentum continues, driven by domestic demand and strong exports
Malaysia’s central bank holds key rate steady, but warns of uncertainties from Middle East conflict
The latest indicators show the country’s Q1 growth momentum continues, driven by domestic demand and strong exports
Malaysia’s central bank keeps key rate at 2.75%
[KUALA LUMPUR] Malaysia’s central bank kept its benchmark interest rate steady for the fifth straight policy meeting on Thursday (May 7), with...
‘More exciting’ growth options for offshore and marine small/mid caps: UOB Kay Hian
Lin Daoyi - UOB Kay Hian (UOBKH) believes that the current Middle East conflict between USA, Israel and Iran is the “most powerful” catalyst for offshore energy, in an offshore and marine (O&M) sector report issued on May 7. Analysts Adrian Loh and Heidi Mo maintain their “overweight” rating for the ...
Japan to keep intervening to defend 160-per-dollar level, ex-BOJ official says
TOKYO, May 7 : Japan likely intervened during the Golden Week holidays and will step back into the market if the yen renews its slide below the psychologically key 160-per-dollar level, Atsushi Takeuchi, a former central bank official who took part in Tokyo's market forays a decade ago, told Re ...
Malaysia holds key rate steady, but warns of uncertainties from Middle East conflict
KUALA LUMPUR, May 7 : Malaysia's central bank kept its benchmark interest rate steady for the fifth straight policy meeting on Thursday, with modest inflation and steady growth offsetting energy supply disruptions arising from the Middle East conflict. Bank Negara Malaysia maintained its overni ...
Malaysia's central bank keeps key rate at 2.75%
KUALA LUMPUR, May 7 : Malaysia's central bank kept its benchmark interest rate steady for the fifth straight policy meeting on Thursday, with modest inflation and steady growth offsetting energy supply disruptions arising from the Middle East conflict. Bank Negara Malaysia maintained its overni ...
RHB stays ‘neutral’ on MUST following 1QFY2026 results
Belle Neo - RHB Bank Singapore analyst Vijay Natarajan maintains his “neutral” call with an unchanged target price of 6 US cents (7.6 cents) on Manulife US REIT (MUST) following the REIT’s 1QFY2026 operating update. The May 6 report by RHB comes after MUST reported stable portfolio occupancy q-o-q at 67.6 ...
Shell’s profit beats expectations at US$6.9 billion, raises dividend by 5%
The company cuts the pace of its quarterly share buyback programme to US$3 billion from US$3.5 billion
Shell’s profit beats expectations at US$6.9 billion, cuts share buybacks
Oil and gas output falls 4% compared with the previous quarter due to the Iran war
Maersk first-quarter profit beats forecasts, keeps outlook unchanged
The shipping group still projects global container volume growth of between 2%-4% this year
Malaysia’s SD Guthrie cautious on outlook after Q1 profit dips on weak palm prices
KUALA LUMPUR, May 7 : Malaysia's SD Guthrie, one of the world's largest palm oil producers, said on Thursday it was cautious on its outlook for the year, while reporting a slightly lower first-quarter net profit, due to weaker crude palm oil and palm kernel prices. The company's net p ...
Humanoid robots to power next leg of China’s export dominance
Like with EVs, the Asian nation is building out capacity across the robotics supply chain
Legrand beats forecasts as US data centre demand boosts profit
May 7 : French electrical and digital building infrastructure group Legrand on Thursday reported a better-than-expected profit for the first quarter of 2026, driven by a growing data centre market.Adjusted operating profit grew 11.5 per cent from last year to 524.7 billion euros over the period, com ...
No shifts in firms' hiring preferences between locals and foreigners for now: Tan See Leng
Asked about the need for workforce planning amid more persistent structural uncertainty, Dr Tan said the upcoming report of the Economic Strategy Review will address this issue.
No one currency ‘unduly affects’ Singdollar’s stability: Alvin Tan
Elysia Tan - The S$NEER’s appreciation dampens the effect on imported inflation in Singapore
UOB gunning to double wealth income by 2030
Kwan Wei Kevin Tan and Felicia Tan - United Overseas Bank (UOB) is aiming to double its wealth income over the next five years, says UOB’s deputy chairman and CEO Wee Ee Cheong during the bank’s earnings briefing for 1QFY2026 on May 7. “Our ambition is clear, to double wealth income by 2030 through discipline, organic execution, ...
RBNZ’s frequent remit adjustments risk policy error, OECD warns
The central bank has provisionally forecast inflation will rise to 4.2% in the current quarter
UBS CEO Sergio Ermotti sees acquisition as an option for US growth
The bank has been working for years to turn around its wealth business in America
Australia requires LNG exporters to reserve 20% of gas for east coast market
The scheme will apply from July next year and replace a range of current gas market interventions
Montage tops CATL as priciest dual-listed stock after chip rally
The gap underscores how strong demand is from global investors seeking semiconductor exposure in the region
‘I feel so stupid’: How young Indonesians get stuck on the debt treadmill
Online peer-to-peer lending, commonly known in Indonesian as pinjol, short for pinjaman (loan) online, is a booming industry
Fragile Philippines battered by oil shock as Iran war hits Asia
The country also faces threats from a looming El Nino, which risks driving up food costs further
