HGH Holdings disposes of 20% stake in subsidiary Premium Concrete for $2.4 mil
Felicia Tan - Catalist-listed HGH Holdings has agreed to sell its 200,000 shares — or a 20% stake — in its wholly-owned subsidiary, Premium Concrete, for $2.4 million. The company had entered into a share purchase agreement (SPA) with Lim Kui Teng, founder of private construction company, Chuan Lim Constructi ...
Sim Lian sells 92% of 572-unit Rivelle Tampines EC at $1,839 psf on average
Gerine Tang Yi Qian - Sim Liam’s Rivelle Tampines executive condominium (EC) sold 92% of its 572 units at its launch on March 21, at an average price of $1,893 psf. The units sold were priced from $1,588,000 for an 883 sq ft three-bedroom unit, $1,893,000 for a 1,044 sq ft four-bedroom unit and $2,559,000 for a 1,378 s ...
Ellipsiz receives $65 mil loan from Maybank Singapore to help fund egg farm development
The Edge Singapore - ISE Foods Holdings (IFH), a subsidiary of SGX-listed Ellipsiz, has received a $65 million loan from Maybank to help fund the development of Singapore's fourth egg farm. Ellipsiz's plans for this egg farm extend as far back as 2021 and has received the support of the Singapore Food Agency. ...
Low-cost Ozempic copies launch in India as Novo Nordisk’s patent expires
One firm plans to make a semaglutide jab at a starting price of 1,290 rupees a month
Singapore worker dorm rents could rise 5% in 2026 after a H2 2025 dip, as mandated upgrades roll out
Chong Xin Wei - Post-upgrades, rents may be raised to reflect the higher quality and costs of maintaining the facilities
Tencent integrates WeChat with OpenClaw AI agent amid China tech battle
The software, called ClawBot, will appear as a contact within China’s most popular app
BIS economist Shin Hyun-song named Bank of Korea governor, presidential office says
SEOUL, March 22 : South Korean economist Shin Hyun-song, best known for predicting the 2008 Global Financial Crisis, was named on Sunday to head the central bank, facing inflation risk from the Iran war and uneven growth in Asia's fourth-largest economy.President Lee Jae Myung chose Shin, head ...
BIS economist Shin Hyun-song named Bank of Korea governor
SEOUL: South Korean economist Shin Hyun-song, best known for predicting the 2008 Global Financial Crisis, was named on Sunday (Mar 22) to head the central bank, facing inflation risk from the Iran war and uneven growth in Asia's fourth-largest economy.President Lee Jae Myung chose Shin, head of ...
Most hospitality and lodging S-Reits post higher H2 revenue, payouts
[SINGAPORE] Hospitality and lodging real estate investment trusts in Singapore (S-Reits) have shown robust operating performance, with mostly stable to higher distributions...
Insider and institutional positioning for the week
[SINGAPORE] For the five trading sessions spanning Mar 13 to 19, institutions were net buyers of Singapore stocks, with net institutional inflow...
Tesla, SpaceX, xAI chip project to kick off in Texas: Elon Musk
If it succeeds, the project could help elevate the US state’s status as a chipmaking hub
Iran crisis: Government reassurances should not blunt the need for Singapore to save energy
Janice Heng - In a country accustomed to plenty, what will it take to change consumer behaviour?
Shockwave of war is rippling through the global economy
PMIs are expected to decline, signalling a synchronised weakening across manufacturing and services
Sun Group taps Changi unit to run Vietnam’s key airport for Apec forum in 2027
Jamille Tran - Phu Quoc International Airport is set to adopt ‘Changi standards’, positioning the island as a new Asia-Pacific travel hub
Trump threatens Iran with power plant strikes over Hormuz oil blockade
[TEL AVIV/JERUSALEM/WASHINGTON] US President Donald Trump on Saturday (Mar 21) threatened to “obliterate” Iran’s power plants if Teheran does not fully reopen...
OpenAI to introduce ads to all ChatGPT free and Go users in US
March 21 : OpenAI will begin showing ads to all users of the free and Go versions of ChatGPT in the United States in the coming weeks, a company spokesperson said in an emailed statement to Reuters.The move was first reported by The Information.OpenAI has recently integrated Criteo, an advertising t ...
OpenAI to expand ads on ChatGPT to all free and low-cost users, The Information reports
March 21 : OpenAI has told advertising agencies it is increasing the number of users shown ads, with ChatGPT set to display ads to all users on its free and low-cost versions in the coming weeks, The Information reported on Saturday, citing people briefed on the matter.Reuters could not immediately ...
MLT to acquire Grade A warehouse in Mumbai for $53.6 mil
Felicia Tan - Mapletree Logistics Trust (MLT) is proposing to acquire a freehold, newly-built Grade A warehouse in Bhiwandi, Mumbai, Maharashtra, India at a property purchase price of INR3.89 billion ($53.6 million). The warehouse is purchased through the acquisitions of an investment holding company and a proper ...
OpenAI to nearly double workforce to 8,000 by end-2026, FT reports
March 21 : Artificial intelligence start-up OpenAI plans to nearly double its workforce to 8,000 from 4,500 by the end of 2026, the Financial Times reported on Saturday, citing two people with knowledge of the matter.Reuters could not immediately verify the report. OpenAI did not immediately respond ...
JPMorgan strategists cut S&P 500 target on Iran war uncertainty
[NEW YORK] JPMorgan strategists cut their price target on the S&P 500 Index, saying the upside potential for risk assets is “more...
Musk misled Twitter investors before 2022 buyout, jury says
[SAN FRANCISCO] Elon Musk defrauded Twitter investors when he disparaged the company in 2022 in an effort to buy the social media...
Amazon plans smartphone comeback more than a decade after Fire Phone flop
[SAN FRANCISCO] In 2014, Amazon introduced its first smartphone, hoping to take on Apple and Samsung. Instead, the Fire Phone – overseen...
Blackstone private credit fund has first monthly loss since 2022
[LOS ANGELES] Blackstone’s flagship private credit fund posted its first monthly loss in more than three years, one of the clearest signs...
Oil closes at highest since 2022 on outlook for prolonged war
[NEW YORK] The global oil benchmark settled at the highest level since mid-2022 with fears over further escalation in the Iran war...
Europe: Shares log third straight weekly loss as Mideast war fuels inflation fears
[BENGALURU] European equities fell for a third straight week, their longest streak of losses in almost a year, as the deepening conflict...
US: Wall Street skids as Middle East turmoil fans inflation fear
[SAN FRANCISCO] Wall Street ended sharply lower on Friday (Mar 20), with the S&P 500 closing at its lowest in six months,...
US green-lights delivery and sale of Iranian oil at sea
WASHINGTON: The US Treasury on Friday (Mar 20) temporarily lifted sanctions on Iranian oil already loaded onto vessels, in Washington's latest step to stem a supply crisis over the Middle East war.The
The false dichotomy: Allowing yourself no option because of fear brings the worse outcome
Tong Kooi Ong + Asia Analytica - Ellis used to laugh easily. With small and big dreams — a walk in the park, a late-night Milo, a family dinner, a successful career. But now she spends her mornings measuring her words, her evenings measuring his moods. Every silence a verdict. What is most cruel is that he was not always cruel. S ...
China to allow more banks to handle digital yuan: sources
Twelve new banks to be added to e-CNY programme
Industry body for remisiers marks 40 years amid Singapore equities rally
Ranamita Chakraborty - Industry leaders note the profession’s expanding influence in the local equities market
Mexico's Femsa cuts workers at Spin fintech division
MEXICO CITY, March 20 : Mexican retailer and bottler Femsa said on Friday it is laying off workers in its fintech unit Spin, which launched a digital wallet app for payments and financial transactions in 2021.Femsa did not disclose the number of positions that it is eliminating, but a spokesperson s ...
Pentagon to adopt Palantir AI as core US military system: Memo
NEW YORK: Palantir’s Maven artificial intelligence system will become an official program of record, Deputy Secretary of Defense Steve Feinberg said in a letter to Pentagon leaders, a move that locks in long-term use of Palantir’s weapons-targeting technology across the US military.In the Mar 9 ...
Elon Musk found liable to Twitter shareholders in fraud lawsuit over US$44 billion takeover: Report
SAN FRANCISCO: A federal jury found Elon Musk liable on claims he defrauded Twitter shareholders by trying to drive down the social media company's stock price so he could renegotiate or back out of a US$44 billion takeover in 2022, Bloomberg News reported on Friday (Mar 20).Damages will be det ...
Jury says Musk misled Twitter investors before 2022 buyout, Bloomberg News reports
March 20 : A jury has concluded Elon Musk defrauded Twitter investors when he disparaged the company in 2022 in an effort to buy the social media platform for a lower price than his original $44 billion bid, Bloomberg News reported on Friday.Jurors in federal court in San Francisco found on Friday t ...
