Asian stocks suffer fresh rout as rollercoaster week draws to close
Seoul’s KOSPI dived as much as 9 per cent before finishing almost 6 per cent off, capping five days of wild swings amid growing concerns about a possible bubble in the tech sector.
ViewQwest turns Asia’s patchy networks into managed services growth
Nurdianah Md Nur - For retailers, banks and airlines, launching a new site can mean months of waiting to get it online. ViewQwest wants to turn that inconvenience into a managed-services business. In Singapore, companies can usually assume that fibre connectivity will be available when they open a new office, shop or ...
Listed in New York, tested by the market
Kuek Ser Kwang Zhe and Danial Dzulkifly - The US stock market has captured the attention of local investors, driven by easier market access through digital brokers and rallies in the share prices of AI-related companies. There are also the regional champions, most notably e-hailing company Grab. Founded by Malaysians but based in Singapore, ...
Honda CEO apologises for company's loss, wins investor backing at annual meeting
TOKYO, June 26 : Honda Motor Chief Executive Toshihiro Mibe secured support for his reappointment to the Japanese automaker's board at its annual meeting on Friday after apologising to shareholders for the company's poor financial performance.Honda is seeking to recover from costly strateg ...
China and the new business reality
Daryl Guppy - In The Wizard of Oz, Dorothy famously observed, “I’ve a feeling we’re not in Kansas anymore.” Many first-time visitors to China have a similar reaction. And that reaction is by no means limited to Westerners. For the first-time visitor, be it for business or pleasure, China is radically diff ...
We’re all on Starship Elon now
Max Chafkin - Elon Musk is, famously, kind of a lot. He is a thrice-divorced man with at least 14 children by four different women who have spent a significant part of the past few years flirting with White nationalism and promoting a sex chatbot. He is also fabulously successful, having helped transform PayPal, ...
Compute is king in the AI era, says Neuberger Berman fund manager
Kwan Wei Kevin Tan - After rising to rock-star status in the tech industry, Nvidia founder and CEO Jensen Huang has grown accustomed to being mobbed by adoring fans and signing autographs — including on the leather jacket of Yan Taw Boon at Taipei’s annual Computex trade show earlier this month. Boon said he consult ...
Compute is king in the AI era, says Neuberger fund manager
Kwan Wei Kevin Tan - After rising to rock-star status in the tech industry, Nvidia founder and CEO Jensen Huang has grown accustomed to being mobbed by adoring fans and signing autographs — including on the leather jacket of Yan Taw Boon at Taipei’s annual Computex trade show earlier this month. Boon said he consult ...
New SGX, MAS equities panel to fuel momentum of market’s revival
Ranamita Chakraborty - The group’s priorities include deeper engagement with stakeholders and strengthening market foundation
New SGX, MAS equities panel to keep up pace of market revival
Ranamita Chakraborty - The group’s priorities include deeper engagement with stakeholders and strengthening market foundation
Structural shifts across Asia with China’s rise and AI revolution, says Nomura
Khairani Afifi Noordin - Asia is undergoing a structural transformation driven by China’s rise and the AI revolution. Together, these trends are reshaping supply chains, deepening geoeconomic fragmentation, fuelling economic nationalism and increasing volatility. Speakers at the 23rd Nomura Investment Forum said China, So ...
AI reshaping and creating Singapore jobs, but lack of experience a hurdle for fresh grads
Young Zhan Heng - Recruiters say employers are prioritising candidates who can deploy artificial intelligence in real business settings
Singapore’s AI hiring boom leaves fresh graduates with an experience problem
Young Zhan Heng - Employers are prioritising candidates who can deploy artificial intelligence in real business settings
The asset class hiding in plain sight
Lewis Jones - For years, the local currency debt of emerging markets (EM) has been one of the most misunderstood segments of the fixed-income market. It can offer attractive yields, exposure to faster-growing economies than many developed markets (DM) and diversification benefits that can complement traditional f ...
Sonos cuts 3% of staff across user experience, product teams
The move follows an earlier round of layoffs in April
‘Mission critical’ real estate makes the difference for investors: Pictet’s Gabert
The Edge Singapore - For Laurent Gabert, the fascination with real estate is an easy one. Unlike many other instruments, it is not an asset class that exists merely to generate paper gains. It is embedded in the daily lives of people, companies, governments and society. For him, real estate generates recurring rental in ...
It’s a hit for MIS specialist Intuitive Surgical
Thiveyen Kathirrasan - Intuitively, companies with a strategic business model, a consistent financial track record, strong business prospects, and positive sentiment are likely to be expensive. However, unless these companies are trading at overwhelmingly high expectations, as with certain AI stocks, these businesses may ...
Singtel’s Thai associate is its new divestment tap to fund capex, dividends and buybacks
The Edge Singapore - Singapore Telecommunications (Singtel) has tapped another avenue for a cash gush to help fund capex and cheer shareholders. Since August 2022, the telco, which owns significant stakes in various mobile operators across the region, has been regularly trimming its stake in Bharti Airtel, netting $1– ...
Is sentiment turning towards ComfortDelGro’s beaten-down shares?
The Edge Singapore - When fighting in the Middle East broke out between the US and Iran in February, investors far and wide were shaken by hitherto unappreciated vulnerabilities to their investments. With missiles and drones arcing across the skies of the region from Feb 28 onwards, Emirates, with its home base at Dubai ...
Ohmyhome sells real estate business for US$1 with operations to continue under private ownership
The move marks a significant strategic shift for the company
Ohmyhome Ltd sells real estate business for US$1 due to poor business and continued losses
Ohmyhome (BVI) is holding company of Ohmyhome Singapore and its subsidiaries, which provide real estate services in Singapore, Malaysia
Singapore property portal Ohmyhome sells real estate business for US$1 on mounting debt, losses
The move marks a significant strategic shift for the company
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Ohmyhome (BVI) is holding company of Ohmyhome Singapore and its subsidiaries, which provide real estate services in Singapore, Malaysia
Broker's Digest: Zixin, SATS, Beng Kuang, CSE Global, Olam, Info-Tech, Food Empire
The Edge Singapore - Zixin GroupPrice target: PhillipCapital ‘buy’ 6 cents Sustained growth
Foreign money is lining up behind Luzon’s tech hubs. Can this push the Philippines up the value chain?
Evan See - Investment momentum behind the Luzon Economic Corridor must overcome domestic hurdles, say experts
Samsung Group to unveil 1,000 trillion won South Korea investments, including for chip plants: report
The chipmakers have faced political pressure to invest more in other areas of the country
Asia shares retreat as Apple price hikes rain on chip parade
SYDNEY, June 26 : Asian shares pulled back on Friday after a stellar quarter, as Apple's hefty price hikes revealed the downside of booming chip demand, while the threat of Japanese intervention kept the yen from hitting 40-year lows. Oil prices fell toward their lowest in fourth months, with B ...
Asian shares fall as Apple's price hikes dents tech optimism
SYDNEY, June 26 : Asian shares eased from record highs on Friday as hefty price hikes from Apple showed the downside of the boom in chip demand, while only the threat of Japanese intervention kept the yen from hitting 40-year lows. Brent crude futures slipped 0.5 per cent to $74.89 a barrel, having ...
World stocks edge lower as tech selloff drags markets
NEW YORK, June 26 : Global equity markets edged lower on Friday and were set for a weekly decline, as continued profit-taking drove a selloff in technology and chip stocks, while crude oil prices slumped as more tankers left the Strait of Hormuz.On Wall Street, all three indexes were trading higher ...
Stocks slip as Apple price hikes fan tech jitters, oil slides
LONDON/SYDNEY, June 26 : Global stocks slipped on Friday after Apple price hikes fuelled wider concerns over the inflationary impact of spending by tech giants, while oil prices dropped towards their lowest in four months despite difficulties reopening the Strait of Hormuz.Apple fell 6 per cent on T ...
Asia shares retreat from record as Apple price hikes rain on chip parade
South Korea’s Kospi tumbles 8.2%, triggering a circuit breaker that halts trading for 20 minutes
Asian stocks decline at open, tech leads drop
The market’s recent swings highlight investors’ growing unease over whether the technology giants
Explaining IHH Healthcare’s India expansion plans, medical inflation in Singapore and a natural hedge
Goola Warden - IHH Healthcare is the sponsor and major unitholder of ParkwayLife REIT (PLife REIT). In 2021, PLife REIT and IHH signed new master lease agreements for three Singapore hospitals, Mount Elizabeth Orchard, Gleneagles and Parkway East Hospital for 20 years to end-December 2042. The agreements include a ...
SpaceX, Unitree, Anthropic, OpenAI: Is the ultra-hyped tech listing wave backed by sound fundamentals?
Deon Loke - BT looks at what analysts are saying about the current and upcoming tech IPO headliners
