CSE Global revenue for 3QFY2025 up 20.5% y-o-y to $257.7 mil
Nicole Lim - CSE Global has reported a 20.5% y-o-y increase in revenue for the 3QFY2025 ended Sept 30 of $257.7 million. For the 9MFY2025, revenue grew 8.7% y-o-y to $698.6 million. In the third quarter, revenue contributions from the electrification, communications and automation business segments were 56.9%, 2 ...
Yen falls as Japan monitors market with "sense of urgency", sterling down after CPI
LONDON :The yen fell to a 10-month low on Wednesday after Finance Minister Satsuki Katayama said Japan's new government was closely monitoring markets, while sterling eased after declining British consumer price inflation raised expectations for a Bank of England cut.In the meantime, the dollar ...
Sterling eases after UK inflation, dollar rises ahead of Nvidia results
LONDON :Sterling edged lower on Wednesday after British consumer price inflation fell in October as expected, raising expectations the Bank of England will cut rates next month, while the dollar edged higher ahead of Nvidia's earnings release and key U.S. data.In the meantime, the yen hit a 10- ...
NASA set to release new images of interstellar object 3I/ATLAS
WASHINGTON :NASA is set on Wednesday to release new images of an interstellar object called 3I/ATLAS that astronomers have determined is a comet probably even older than our solar system.3I/ATLAS was first spotted in July by an Asteroid Terrestrial-impact Last Alert System, or ATLAS, telescope locat ...
Nations must exercise ‘agency’ to develop AI capabilities: Josephine Teo
Young Zhan Heng - It is within the capacity of countries to shape the conditions to build an AI-ready society, for instance through the education system
Daily Debrief: What Happened Today (Nov 19)
Stories you might have missed
Google Deepmind launches research lab in Singapore to better study S-E Asia’s cultural nuances
Young Zhan Heng - Google Deepmind is the main AI research body of Google
Manulife US Reit bags two-year lease renewal with US Treasury
Goh Ruoxue - The government department makes up 5.3 per cent of the Reit’s total gross rental income
Spain to investigate Meta for alleged Android privacy breaches
MADRID :Spain's parliament will investigate Meta for possible privacy violations of its Facebook and Instagram users, Spanish Prime Minister Pedro Sanchez said on Wednesday."In Spain, the law is above any algorithm or any large technology platform. And anyone who violates our rights will p ...
Spain to investigate Meta, alleges Android privacy breaches
MADRID :Spain's parliament will investigate Meta for possible privacy violations of its Facebook and Instagram users, Spanish Prime Minister Pedro Sanchez said on Wednesday."In Spain, the law is above any algorithm or any large technology platform. And anyone who violates our rights will p ...
Spain to investigate Meta over suspected violation of user privacy
MADRID :Spain's Prime Minister Pedro Sanchez said on Wednesday his government would investigate Facebook and Instagram owner Meta for possible violation of privacy of users of its social media applications.The probe stems from research carried out by several international research centres that ...
Bank Indonesia holds rates, signals focus on rupiah stability amid capital outflows
Elisa Valenta - The rupiah has fallen 3.8% this year and is Asia’s worst-performing currency
Stamford Tyres puts commercial property at 455 MacPherson Road up for sale at S$12.5 million
Derryn Wong - With a land area of 10,236 square feet, the location currently houses one of the company’s tyre retail outlets
SGX set for unicorn listing as medical and surgical imaging company Ultragreen.ai lodges preliminary prospectus
Teo Zheng Long - UltraGreen.ai has lodged its preliminary prospectus with the Monetary Authority of Singapore (MAS) for its proposed listing on the mainboard of the Singapore Exchange Securities Trading (SGX-ST). UltraGreen.ai is a global leader in the fluorescence-guided surgery (“FGS”) space, pioneering vertic ...
STI ends flat on Wednesday amid mixed regional trading
Young Zhan Heng - The best performer was Yangzijiang Shipbuilding, while the biggest loser was Genting Singapore
Manulife US REIT secures two year lease renewal with US Treasury increasing WALE to 2.3 years
Nicole Lim - Manulife US REIT (MUST) said that its fifth largest tenant, US Treasury, has signed a 24-month lease renewal at 1750 Pennsylvania Avenue (Penn) in Washington, D.C., starting from August 2025. The US Treasury will retain its space of about 120,000 square feet (sq ft) at Penn and the renewal will exte ...
Uncertainty over hiring, relocation clouds outlook for Singapore rentals after brisk Q3: Savills
Ry-Anne Lim - Leasing volume jumps 24.2% in the quarter to 26,882 contracts for private homes, excluding ECs, compared with Q2
Netherlands hands back control of Chinese-owned chipmaker Nexperia
The move marks a significant de-escalation of a dispute that underscored the global nature of supply chains
EU court dismisses Amazon's request to scrap EU tech label
The European Union's General Court on Wednesday dismissed a request by Amazon to scrap its designation as a platform subject to stricter requirements under EU online content rules.The EU's Digital Services Act requires large platforms such as social media sites and search engines to have r ...
Nvidia chip shift to smartphone-style memory to double server-memory prices by end-2026 - Counterpoint
BEIJING :Nvidia's move to use smartphone-style memory chips in its artificial intelligence servers could cause server-memory prices to double by late 2026, according to a report published on Wednesday by Counterpoint Research. In the past two months, electronics supply chains around the world h ...
Nvidia shift to smartphone-style memory could double server-memory prices by end-2026
BEIJING :Nvidia's move to use smartphone-style memory chips in its artificial intelligence servers could cause server-memory prices to double by late 2026, according to a report published on Wednesday by Counterpoint Research. In the past two months, electronics supply chains around the world h ...
EU eases AI, privacy rules as critics warn of caving to Big Tech
STOCKHOLM/BRUSSELS :The EU on Wednesday unveiled new proposals to simplify AI and privacy regulations, drawing fire from the tech sector for not going far enough and consumer groups for bowing to Big Tech.The EU Commission's "Digital Omnibus", which faces debate and votes from Europea ...
EU to ease AI, privacy rules as critics warn of caving to Big Tech, Trump
STOCKHOLM/BRUSSELS :Europe is set to streamline its AI and privacy laws on Wednesday to simplify the EU's tougher rules in a move critics say will appease Big Tech and U.S. President Donald Trump.The European Commission's plans include allowing tech firms to use personal data to train AI m ...
Large car COE premium spikes 13%, mainstream car premium dips 1%
Derryn Wong - The commercial vehicle, motorcycle and Open categories all post small rises
Large car COE premium spikes 13% as mainstream car category cools
Derryn Wong - Buyers go for large cars as a result of the narrowed gap between large and mainstream car premiums in the previous round
CGSI reduces target price for Mermaid Maritime but keeps ‘add’ call
Daoyi Lin - CGS International analysts Meghana Kande and Lim Siew Khee have lowered their target price for Mermaid Maritime to 14 cents from 16 cents due to a slower-than-expected momentum in order wins for the year. As at Sept 30, Mermaid Maritime’s total order book stood at US$642 million ($836.4 million), ...
CGS reduces target price for Mermaid Maritime but keeps ‘add’ call
Daoyi Lin - CGS International analysts Meghana Kande and Lim Siew Khee have lowered their target price for Mermaid Maritime to 14 cents from 16 cents due to a slower-than-expected momentum in order wins for the year. As at Sept 30, Mermaid Maritime’s total order book stood at US$642 million ($836.4 million), ...
COE premiums mostly rise, with Category B prices increasing to S$129,890
SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly higher in the latest bidding exercise on Wednesday (Nov 19).For smaller cars in Category A, premiums closed at S$109,000 (US$83,700), 0.9 per cent down from S$110,002 in the last exercise.The largest increase this round
Xiaomi rides fan base to EV profitability faster than Tesla
China’s mature EV supply chain helps Xiaomi to reach scale without needing heavy capital
Markets primed for possible further declines: Goldman president Waldron
The S&P 500 is down more than 3% this month, on course for its worst month since March
Japan's Norinchukin ekes out small profit, flags risks in private credit market
TOKYO :Japan's Norinchukin Bank, hit hard by mammoth losses last year, logged a small profit for a second straight quarter and said that it has begun increasing its investments in securities.But the bank, one of the world's largest investors in collateralised loan obligations (CLOs), also ...
SBF launches Singapore Enterprise Centre in Dubai, first in Middle East, to support companies’ expansion
Elysia Tan - The region has seen growing interest from Singapore businesses
South Korea antitrust regulator probes Arm Holdings in Seoul, source says
South Korea's antitrust regulator is investigating the Seoul offices of Arm Holdings as part of ongoing scrutiny of the company's licensing practices, a person familiar with the matter told Reuters on Wednesday. Bloomberg News reported earlier that South Korea's Fair Trade Commission ...
South Korea antitrust regulator probes Arm Holdings' office in Seoul, source says
South Korea's antitrust regulator is investigating the Seoul offices of Arm Holdings as part of ongoing scrutiny of the company's licensing practices, a person familiar with the matter told Reuters on Wednesday. Bloomberg News reported earlier that South Korea's Fair Trade Commission ...
