Indonesian subsea cable operators upgrade capacity with Ciena
Nurdianah Md Nur - Two Indonesian digital infrastructure operators have upgraded their submarine cable systems with Ciena’s technology. The move aims to add capacity on routes that carry internet traffic between Indonesian islands and overseas networks through Batam and Singapore. Matrix Networks and NAP Info Lintas ...
Singapore adds supercomputing muscle for applied AI work
Nurdianah Md Nur - Singapore has launched a new national research supercomputer to expand the computing power available to researchers and public-sector users. Called ASPIRE 2B, the next-generation national research supercomputer can deliver up to 115 petaFLOPS of compute power, or more than 100 quadrillion calculatio ...
Bombardier to grow Apac service hub in Singapore with S$100 million expansion
Derryn Wong - A new facility in JTC’s Seletar Aerospace Park will double the Canadian aircraft manufacturer’s footprint here
Dollar eases on fragile Israel-Iran truce; US inflation data in view
NEW YORK, June 9 : The dollar fell against major peers on Tuesday as a fragile ceasefire between Israel and Iran held and investors looked ahead to key U.S. data later in the week.The greenback tends to weaken against the euro and yen when tensions in the Middle East ease, as prospects for a peace d ...
Dollar eases as Middle East hopes outweigh prospects of higher US rates
June 9 : The U.S. dollar fell on Tuesday, as hopes for a deal to reopen the Strait of Hormuz outweighed expectations of higher U.S. interest rates ahead of fresh U.S. data later this week.The U.S. economy is relatively insulated from energy shocks compared to other countries, which is one of the rea ...
Dollar eases as investors weigh Middle East hopes, rate outlook
June 9 : The U.S. dollar edged lower on Tuesday, as investors weighed hopes for a deal to reopen the Strait of Hormuz against expectations of higher U.S. interest rates following strong jobs data late last week.The U.S. economy is relatively insulated from energy shocks compared to other countries, ...
India’s TCS chair says AI agents may equal headcount, dampen hiring
BENGALURU, June 9 : India's largest software services exporter Tata Consultancy Services expects IT companies to slow down hiring, as the company moves towards having an equal number of employees and AI agents in its workforce, Chairman N Chandrasekaran said at the company's annual general ...
AI agents could match human workforce in future, TCS Chairman Chandrasekaran says
BENGALURU, June 9 : Indian software services exporter Tata Consultancy Services expects IT companies to have an equal number of employees and AI agents in their workforce, Chairman N Chandrasekaran said at the annual general meeting on Tuesday. TCS does not plan to downsize staff, but will slow down ...
SpaceX IPO fever sparks hunt for proxy plays in Asia
Asian retail investors scramble to gain exposure
How Anil Ambani’s once-sprawling business empire landed in investigators’ crosshairs
Authorities allege Ambani’s companies misused bank loans to pay off other lenders, extend credit to related companies and funnel money to shell...
How Honda’s old guard tried, and failed, to oust its CEO
Retired executives blame CEO Mibe for China neglect, EV missteps
Bank of Japan to consider pausing bond taper next fiscal year: sources
It is also expected to raise its short-term policy rate to 1 per cent from 0.75 per cent at next week’s meeting
Former BCA CEO Kelvin Wong joins SJ Group as group CCO, Asia head
Jovi Ho - Former Building and Construction Authority (BCA) CEO Kelvin Wong has joined SJ Group as group chief commercial officer and region head, Asia, effective July 1. Wong will report to group CEO Sean Chiao. As group chief commercial officer, Wong will lead SJ’s commercial strategy “across the full cl ...
CIMB says ‘good time’ to invest in battered Indonesia, seeks M&A
The Malaysian lender is looking at various assets that would complement its existing business
French counter-drone startup Alta Ares raises €50 million
PARIS, June 8 : Alta Ares, a French startup focusing on counter-drone technology, said on Tuesday it had raised €50 million in its second funding round, helped by surging demand for air defence systems to combat the mass-produced drones playing a decisive role in Russia's war in Ukraine.Alta ...
GLP aims for US$2 billion of asset sales this year: sources
The moves aim to strengthen the company’s finances and reassure investors before its upcoming IPO
India’s Paytm plans 10% staff boost in AI pivot with some roles cut
The digital payments operator has been revamping its business after Indian regulators targeted its banking affiliate two years ago
Indonesia raises rates in surprise move to support sinking rupiah
JAKARTA, June 9 : Indonesia's central bank raised interest rates by 25 basis points on Tuesday in an unexpected off-cycle rate hike, taking the benchmark rate to 5.50 per cent as it moves to stabilise the rupiah.Bank Indonesia (BI) said in a statement posted on its website that the off-cycle ra ...
Indonesia raises rates in surprise move to prop up sinking rupiah
The rupiah has been under pressure due to a wide range of investor worries, including President Prabowo Subianto's big spending plans and a ballooning fuel subsidy budget following the Iran war.
Indonesia races to plant rice early against risk of El Nino
The phenomenon usually brings hot, dry weather to Asia and excessive rains to the Americas
BOJ to consider pausing bond taper next fiscal year, sources say
TOKYO, June 9 : The Bank of Japan will consider maintaining the current pace of bond purchases beyond next fiscal year, sources said, pausing a taper process that would mark a turning point in its quantitative tightening (QT) plan.But the decision could be a close call as the nine-member board is se ...
AI coding startup Cursor, courted by SpaceX, picks London as European hub
LONDON, June 9 : AI coding startup Cursor, which SpaceX has an option to buy for $60 billion, will open its European headquarters in London and hire some 200 staff, an executive told Reuters, as demand in the region grows for tools that automate software development.Elon Musk's SpaceX, which is ...
SingPost unveils S$30 million sortation machines that will boost its parcels processing capacity
Tay Peck Gek - New systems will increase capacity to process small and medium-sized parcels from 100,000 to 300,000 per day
SingPost unveils S$30 million sortation machines that treble its parcels processing capacity
Tay Peck Gek - New systems will boost the small and medium parcel processing capacity from 100,000 to 300,000 parcels per day
S-Reits ‘positioned for recovery’ as yield spreads widen: analysts
Shikhar Gupta - The sector offers a yield spread of about 3.8%-4% over 10-year Singapore government bonds, say DBS and UOBKH
Singapore Airlines, Southwest Airlines partner to expand access to nearly 120 US destinations
Passengers can now book journeys between Singapore and the United States on one ticket with onward access to Southwest Airlines' network.
Great Eastern among the world’s strongest insurance brands, Brand Finance data shows
The Edge Singapore - According to Brand Finance, Great Eastern Holdings recorded a brand value growth of 2% this year and ranks 33rd globally among the insurance sector’s 100 most valuable brands. In the Insurance 100 2026 report by Brand Finance, Great Eastern’s brand is valued at US$4.9 billion. In addition, it ra ...
Singapore banks upgraded to ‘overweight’ on stronger NII growth in FY2027: CGSI
Felicia Tan - CGS International’s (CGSI) Tay Wee Kuang and Tan Jie Hui have upgraded the Singapore banking sector to “overweight” from “neutral” previously as they see earnings upside from potentially stronger net interest income (NII) in FY2027. The growth comes from continuous capital inflows after da ...
Asian stocks track Wall Street tech bounce, oil eases on Middle East hope
The gains across most equity markets followed a rebound on Wall Street, fuelled by a race to pick up cheaper assets following a sell-off sparked by bets on a US interest rate hike and warnings over tech firms' valuations.
‘Selldown unwarranted; fundamentals intact’: UOBKH maintains ‘buy’ on CSE Global following ID’s resignation
Teo Zheng Long - John Cheong and Heidi Mo from UOB Kay Hian are maintaining their “buy” call on CSE Global (SGX: 544 ) despite the recent resignation of the company’s lead independent director, Tan Chian Khong. In their June 9 report, both analysts pointed out that the stated reason for the resignation was due ...
Maybank handles RM20 billion deals for Singapore, Malaysia hub
The bank is in a prime position to benefit from growth generated by the economic zone for both countries
Singapore ranks world’s most crypto-friendly city in Multipolitan index
Nurdianah Md Nur - Singapore tops Multipolitan’s 2026 Crypto Friendly Cities Index, leading an Asia Pacific showing that accounted for six of the global top 10 cities. The index evaluates cities across regulatory clarity, tax efficiency, institutional infrastructure and real-world adoption. Multipolitan says Singapo ...
Databricks in talks to raise funds at over $165 billion, The Information reports
June 8 : Data analytics software firm Databricks has discussed raising funds in a round that could begin next month and value it at between $165 billion and $175 billion, The Information reported on Monday, citing sources.Here are a few details: • Databricks, one of the most valuable privately hel ...
Keppel enters South Korea’s data centre market with 60 MW greenfield project
Deon Loke - It marks the second investment by its private fund, Keppel Data Centre Fund III
