Micron overtakes Meta, Tesla in market value amid relentless AI infrastructure demand
June 25 : Micron Technology edged past the market valuation of Meta Platforms and briefly Tesla's for the first time on Thursday, after the memory chipmaker's solid forecast helped extend its AI-driven ascent.The company's shares were last up 18.4 per cent at $1,236, giving it a marke ...
Singapore Airlines CEO’s pay package rises to S$9.7m as revenue hits record S$20.5b
[SINGAPORE] Singapore Airlines’ (SIA) chief executive Goh Choon Phong received nearly S$9.7 million in total remuneration for the financial year ended March 31, as SIA...
Singapore Airlines CEO’s pay package rises to $9.7m as revenue hits record $20.5b
[SINGAPORE] Singapore Airlines’ (SIA) chief executive Goh Choon Phong received nearly S$9.7 million in total remuneration for the financial year ended March 31, as SIA...
Chinese banks move to rein in retail gold trading on volatility
They cite risk management for the closures, which covers trading in both spot and deferred delivery contracts
US to create genomic and cellular 'BioVault' for endangered species
WASHINGTON, June 25 : A biotech company and a U.S. government agency announced on Thursday a plan to create an archive of living cells and genomic material for every species protected under the U.S. Endangered Species Act in a project to safeguard roughly 2,300 types of animals and plants deemed thr ...
OCBC keeps ‘buy’ on OUE REIT following proposed divestment of Crowne Plaza Changi Airport
Jovi Ho - Changi Airport is now “in the rear-view mirror” for OUE REIT, says OCBC Group Research analyst Ada Lim, following news of its proposed divestment of Crowne Plaza Changi Airport to improve financial flexibility, crystallise value and recycle capital. OUE REIT announced pre-market on June 25 that ...
Apple raises prices of MacBooks, iPads as memory costs skyrocket
SAN FRANCISCO: Apple raised iPad and MacBook prices on Thursday (Jun 25), saying it could no longer shield customers from soaring memory and storage chip costs driven by the AI industry's data centre buildout.The move does not affect Apple's main cash cow, the iPhone. But it would take sta ...
MAS to consult on introducing protected cell company structure to scale alternative risk-transfer solutions
The Edge Singapore - The Monetary Authority of Singapore (MAS) will consult on introducing a new corporate structure, the protected cell company (PCC), to scale alternative risk-transfer solutions, says Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry. Gan, who is also MAS's chairman, made th ...
Serial Achieva wins co-location service agreement contract worth RM17.8 mil
Teo Zheng Long - Tech distributor Serial Achieva (SGX: XHV ) announced that its indirect wholly-owned subsidiary, Achieva Cloud Services Sdn Bhd (ACSSB), entered into a co-location services agreement with a regional cloud services provider to provide data centre capacity and related facilities in Malaysia. The contr ...
Singapore to upgrade PayNow, launch new finance institute to drive innovation
Tan Nai Lun - Move includes AI training for 100,000 professionals, new measures to prepare sector for emerging technologies
MAS and ABS to enhance Singapore’s national instant payments infrastructure
The Edge Singapore - The Monetary Authority of Singapore (MAS) and the Association of Banks (ABS) will be exploring four areas of enhancements to Singapore’s national instant payments infrastructure as part of a PayNow Generation 2 (PayNow Gen2) study. “PayNow has been a remarkable success story. It has grown into a ...
Singapore to introduce new corporate structure for insurance, speed up approval of new fund types: DPM Gan
Tan Nai Lun - Initiatives are part of Republic’s push to build ‘trusted market infrastructure for Asia’s next phase’
Del Monte Pacific back in the black, but remains in net capital deficit of US$589 million
Ry-Anne Lim - It posts US$10 million Q4 profit but collapse of US unit leaves current liabilities exceeding current assets by US$787 million
Del Monte Pacific back in the black, but remains in negative equity of US$587 million
Ry-Anne Lim - Group posts US$10m Q4 profit but collapse of US unit leaves current liabilities exceeding current assets by US$787m
Del Monte Pacific’s Q4 net profit sinks 76.9%
Ry-Anne Lim - The decline follows a US$703.5 million write-down from US unit collapse in FY2025
NTUC and IBF to upskill 100,000 finance professionals on AI
The Edge Singapore - The National Trades Union Congress (NTUC) and the Institute of Banking and Finance (IBF) are targeting to upskill up to 100,000 finance professionals in Singapore with artificial intelligence (AI) skills over the next three years. This will be done through IBF-accredited programmes by NTUC LearningH ...
MAS to establish Future of Finance Institute to drive adoption of new financial technologies
The Edge Singapore - The Monetary Authority of Singapore (MAS) says it will establish a Future of Finance Institute (FFI) to accelerate the adoption of new financial technologies and catalyse innovation in the financial sector, says Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong, who is also chai ...
DBS, OCBC, UOB, Nets to expand ATM, cash access network after years of rationalisation
Tan Nai Lun - Banks to also improve legacy planning, dementia support in new ageing playbook
Singapore’s key retail banks to help seniors plan well, age well and ease burden on loved ones: ABS
The Edge Singapore - Singapore’s key retail banks are coming together to help seniors plan well, age well and ease the burden on their loved ones, announced The Association of Banks in Singapore (ABS) on June 25. The initiatives come as Singapore crosses the threshold of being “super-aged” this year, with one in f ...
Complete text of carbonised Herculaneum scroll unlocked for first time
ROME, June 25 : Researchers using artificial intelligence and advanced imaging said on Thursday they had achieved the first complete reading of a closed Herculaneum scroll burnt by the eruption of Mount Vesuvius nearly 2,000 years ago.The breakthrough marks a major step toward deciphering hundreds o ...
IREIT Global’s fourth-largest tenant to terminate lease early, pays termination fee of €2.87 mil
Teo Zheng Long - IREIT Global (SGX: UD1U ) announced that Allianz, its fourth-largest tenant by revenue, is terminating its lease in advance. According to the manager, Allianz’s existing lease was supposed to run till May 31, 2029, but now is being terminated by Dec 31, 2027. As such, the REIT has entered into an ...
Kremlin demands explanation from Apple after Russian apps removed from App Store
MOSCOW, June 25 : The Kremlin demanded an explanation from Apple on Thursday after several Russian mobile apps related to the Russian internet company VK were deleted from the U.S. tech giant's App Store.VK, a state-controlled technology company, said in a statement that its applications were r ...
Anthropic hires Orange's AI chief amid Europe push
June 25 : The artificial intelligence head of French telecoms group Orange has left the company to join U.S. AI startup Anthropic, he said on Thursday.• Steve Jarrett, Orange's Chief AI officer, said he has accepted a job at Anthropic, without disclosing his new title• Jarrett had been with ...
Airwallex raises US$320 million Series H round, aims to be IPO-ready this year
Benjamin Cher - It previously raised a US$330 million Series G funding round in December 2025 at a US$8 billion valuation
STI up 0.1% amid AI-stock rally, easing oil prices
Ry-Anne Lim - Sats leads the gainers on Singapore’s blue-chip index
JustCo’s the boring office to open first CBD co-working space
Chloe Lim - The brand is aimed at entrepreneurs, startups and SMEs seeking an affordable central location
EU joins US-led 'Pax Silica' on securing AI, chip supply chains
BRUSSELS, June 25 : The European Commission has joined the U.S. initiative "Pax Silica", a group of U.S.-allied countries cooperating to secure supply chains needed for artificial intelligence, European Commission spokesperson Paula Pinho said on Thursday.Pax Silica is an effort by the U.S ...
Ghosn says calls for his Nissan return show investor anger over results
BEIRUT, June 25 : Former Nissan Chairman Carlos Ghosn said calls by some shareholders for his return reflected deep anger over years of failed turnaround plans, accusing the automaker's leadership of squandering value and losing direction since his 2018 ouster.In an interview with Reuters, Ghos ...
BlackBerry lifts annual revenue forecast as QNX unit powers growth, shares rise
June 25 : BlackBerry raised its annual revenue forecast on Thursday, betting on continued momentum for its QNX division following the completion of its turnaround efforts, sending its Toronto-listed shares up around 19 per cent.Once a powerhouse in the smartphone industry, BlackBerry has shifted its ...
BlackBerry lifts annual revenue forecast as QNX unit powers growth
June 25 : BlackBerry raised its annual revenue forecast on Thursday, betting on continued momentum for its QNX division following the completion of its turnaround efforts, sending its U.S.-listed shares up around 8 per cent in premarket trading.Once a powerhouse in the smartphone industry, BlackBerr ...
MoneyMax prices RM200 million 3-year fixed-rate notes at 5.7%
Ry-Anne Lim - Separately, the company announces that its shares have been included in the CPF Investment Scheme
IBM unveils tech for chip smaller than 1 nanometer in AI computing push
Chipmakers are searching for ways to cram more computing power into smaller spaces
Singapore investors are reshaping portfolios with a focus on capital preservation: survey
Ranamita Chakraborty - They are also emphasising active management and cross-asset investing across public and private markets
Data centre developers expected to increase fuel cell investment tenfold to US$30 billion by 2030
Lin Daoyi - A report by Rystad Energy projects US data centre developers to spend up to US$30 ($39) billion by 2030 on fuel cells, driven by demand for AI computing power. This represents a tenfold increase from US$2.8 billion in 2025. Rystad believes that major operators are gaining confidence in fuels cells a ...
