CrowdStrike drops as revenue growth fails to impress investors despite AI push
June 4 : CrowdStrike shares slid 11 per cent in Thursday's premarket trading after the cybersecurity firm's annual recurring revenue (ARR) growth failed to impress investors expecting a boost from AI investments.The stock had rallied 60 per cent in May.CrowdStrike's ARR grew 22 per ce ...
CrowdStrike shares fall as 'Mythos moment' fails to cheer investors
June 4 : CrowdStrike shares slid 8 per cent on Thursday after the company's quarterly forecasts failed to meet steep investor expectations, even though demand for cybersecurity software was buoyed after Anthropic announced its Mythos AI model.If the losses persist, the cybersecurity firm's ...
Can Southeast Asia claim its place in the AI economy?
Nurdianah Md Nur - Artificial intelligence (AI) could add close to US$1 trillion ($1.28 trillion) to Asean’s collective GDP by 2030, according to research by EDBI and Kearney. That economic promise is adding urgency to an infrastructure race already underway. Tech giants, including Microsoft, Google and Amazon Web S ...
Three hats, one future
By Daniel Soh and Annie Koh - Imagine a holding-company board meeting that has drifted into its third hour. The agenda began with capital allocation, moved to a related-party transaction, and then turned almost inevitably to succession. A family shareholder wants the group to move faster. An independent director asks whether the ...
Amazon unveils new AI warehouse robot in $12 billion Europe push
DARTFORD, England June 4 : Amazon on Thursday unveiled an upgraded AI-powered mobile robot for its warehouses that can respond to conversational prompts, as part of a €10 billion ($11.6 billion) investment in its European fulfilment network. The Seattle-based e-commerce giant showcased the next-ge ...
Physical AI finds a different path in Southeast Asia
Nurdianah Md Nur - Beyond Singapore’s ageing population, Southeast Asia is often seen as having little need to automate due to its young and growing workforce. However, this view overlooks where labour pressures are already starting to bite. Charlie Dai, VP and principal analyst at Forrester, sees the shortage as un ...
Fuji Media’s real estate unit attracts 1 trillion yen bids, Bloomberg News reports
June 4 : Broadcaster Fuji Media Holdings received stronger-than-expected interest for its real estate subsidiary Sankei Building, attracting bidders including KKR, Blackstone and Goldman Sachs, Bloomberg News reported on Thursday, citing people familiar with the matter.Last month, more than 15 compa ...
South Korea's LG Group to adopt 10,000 Nvidia GPUs, Maeil says
SEOUL, June 4 : South Korea's LG Group is adopting 10,000 GPUs from Nvidia, South Korea's Maeil Business Newspaper reported on Thursday citing an unnamed industry source. The GPUs are expected to be used to train AI by LG's AI research centre and a humanoid robot being developed by LG ...
AI assurance may be Southeast Asia’s missing growth layer
Nurdianah Md Nur - Dear readers, Each technology boom is frequently accompanied by the recurring question: Is this a bubble? It is a fair warning, but also an easy argument. Investors get carried away. Companies overspend. Promises run ahead of profits. The better test is what remains after the easy money goes away. T ...
EY.ai: Investing in AI to scale enterprise value
EY - Artificial intelligence (AI) is now central to economic strategy. The Singapore Economic Strategy Review has set out recommendations to position Singapore as a leader in AI solutions and innovation, backed by investment in safety, governance and enterprise adoption. To deliver on that ambition, AI m ...
Genome study shows what made the extinct Ice Age cave lion unique
June 4 : The cave lion was one of the biggest cats to ever live, prowling a huge swathe of territory from Western Europe across Siberia and into North America and hunting large prey - and perhaps even people - before going extinct around the end of the Ice Age.New genome research reveals what made t ...
Winning the AI race: Why ‘speed-to-power’ is the new currency for Southeast Asia’s digital economy
Nurdianah Md Nur - For data centre developers in Southeast Asia, the focus is no longer just land, permits or tenants. We have entered what GE Vernova CEO Scott Strazik calls the ‘decisive decade’, where success will depend increasingly on execution and manufacturing throughput. As electricity demand rises and ene ...
Broadcom set to shed $300 billion in value as AI results fail to impress
June 4 : Broadcom shares slumped more than 14 per cent on Thursday, dragging chip peers lower, after the company's results fell short of lofty expectations around demand for its custom AI chips business.The premarket losses, if sustained, will erase more than $315 billion from the company' ...
Broadcom tumbles as revenue miss clouds AI boom bets
June 4 : Broadcom shares sank about 12 per cent in premarket trading on Thursday, a day after the company missed quarterly revenue views and disappointed investors' lofty expectations of stronger momentum from the AI boom.The chipmaker could lose more than $285 billion in market cap at the curr ...
South Korea's KEPCO wins Saudi Jafurah power project, seen worth $1.4 billion
SEOUL, June 4 : Korea Electric Power Corp (KEPCO) said it had won a contract to build and operate the second phase of a cogeneration power plant at Saudi Arabia's Jafurah project, expanding its presence in the kingdom's energy market. The company expects total revenue of about 2.1 trillion ...
The halfway mark: taking stock of cybersecurity in 2026
Mandy Andress - As we approach the halfway mark of 2026, the pace of cybersecurity has not slowed down. It’s actually evolving faster than ever. When I look at some of the trends and new tools making the biggest impacts on our jobs in security, several things come to mind. First is the evolution of Frontier AI mo ...
Indonesia’s sector stalwarts are growing, yet many are disappearing from global indices
Elisa Valenta - The recent exclusion from benchmark gauges reflects broader investability concerns, say observers
COE: Commercial vehicle premium hits all-time high of $94,000, surpassing previous record at last tender
There is only a S$980 difference between the premiums for Categories A and B
Singapore’s finance professionals prefer roles with environmental remit compared to other developed markets: ACCA survey
Lin Daoyi - A survey has revealed that 63% of accounting and finance professionals in Singapore would like to work in roles with environmental remits, a higher proportion compared to most other developed market economies. Conducted by the Association of Chartered Certified Accountants (ACCA), Global Talent Tren ...
Can AI make retail investors make wiser decisions?
Nurdianah Md Nur - Volatility has always been part of investing. What has changed is how quickly retail investors are now expected to make sense of it. A tariff announcement, an earnings miss or a central bank signal can trigger a rush of commentary, analysis and conflicting views within minutes. The challenge is no l ...
Gone in 16 minutes: What reasoning AI means for enterprises
Sanjay Yadave - For most of the past two decades, cybersecurity tools have worked much like a building inspector. They walk through a checklist, room by room, looking for known defects. An unpatched window here, an outdated alarm panel there. They are fast, methodical and fundamentally backwards-looking, telling yo ...
Despite backtracking on climate commitments, HSBC says it is ‘more ambitious’ on its net-zero strategy
Janice Lim - It is focusing on commercialisation in the next phase of its sustainable financing road map
BOJ expected to raise interest rates in June: sources
Markets are pricing in an 80% chance that the bank will raise its short-term policy rate to 1% from 0.75%
Foxconn and Intel team up to build next-gen AI systems
The companies will explore work on custom chips and system integration solutions
Malaysian palm oil exports to face pressure from Indonesia’s commodity export overhaul
Indonesian palm oil is currently more attractively priced than Malaysian supplies
Asia Pacific’s AI test moves from models to execution
Nurdianah Md Nur - Much of the global AI debate has centred on who can build the most powerful models. In Asia Pacific, the more immediate test is whether companies can make AI work inside the business. Singapore shows both the scale of the opportunity and what it takes to capture it. Businesses in the city-state repo ...
How the ultra-rich buy property
Corinne Kerk - Brokers share insights and bust a couple of myths about the hallmarks of super prime residential transactions
Bank of Japan expected to raise rates this month, sources say
TOKYO, June 4 : The Bank of Japan is expected to raise interest rates this month unless a sharp escalation in the Middle East conflict upends markets, three sources said, as rising fuel costs from the energy shock add to mounting price pressure in the economy.With hostilities flaring anew in the Ira ...
BOJ expected to raise interest rates in June, sources say
TOKYO, June 4 : The Bank of Japan is expected to raise interest rates this month unless a sharp escalation in the Middle East conflict upends markets, three sources said, as rising fuel costs from the energy shock add to mounting inflationary pressure in the economy.With hostilities flaring anew in ...
Thakral’s 1QFY2026 adjusted attributable profit more than doubles y-o-y to $3.3 mil
Jovi Ho - Mainboard-listed Thakral Corporation’s adjusted attributable profit for 1QFY2026 ended March 31 more than doubled y-o-y to $3.3 million, excluding the net fair valuation loss on quoted investments and share of associate’s profit of Australia-listed GemLife Communities Group in 1QFY2025. The grou ...
Hot weather hurts Asian crops as powerful El Nino raises concerns about food supplies
Double blow for farmers already grappling with fertiliser and diesel shortages caused by Iran war
Asia steps up currency defence as South Korea, Indonesia vow action
Authorities are also guarding against speculative activity in offshore markets
Jardines has survived wars and market collapses. Can it survive the digital age?
Jude Chan - For investors, a flood of rumours over the sale of assets – including properties, fast-food chains and car dealerships – can be...
Indonesia passes sweeping bill expanding central bank role to spur growth
Promoting sustainable economic growth is already part of Bank Indonesia’s mandate, along with price and foreign exchange rate stability
