CrowdStrike falls as tech outage effects weigh on forecast
CrowdStrike shares fell about 3 per cent before the bell on Thursday after the cybersecurity firm's weak quarterly revenue forecast signaled the lasting effects of a botched update last year that caused a global outage.The company projected third-quarter sales broadly in line with analysts' ...
Olam Group closes digital farmer services platform Jiva AG, over 600 employees affected
Nicole Lim - Olam Group has shut down its digital farmer services platform Jiva Ag, affecting over 600 employees in Singapore, Indonesia, India and Australia, according to a release dated Aug 28. The closing down of the platform is part of its Updated 2025 Re-organisation Plan in which the group’s focus is to ...
How Tesla and Waymo's radically different robotaxi approaches will shape the industry
A month after Tesla launched a trial robotaxi service in Austin, Texas, in June for select fans, CEO Elon Musk told investors that the company’s driverless taxis would likely be available to “half the population of the U.S.” by the end of this year.Alphabet’s Waymo - the U.S. leader in auton ...
Snowflake shares surge as AI boom fuels demand for data platforms
Snowflake shares jumped about 14 per cent on Thursday riding a wave of demand for its artificial intelligence database products, as companies race to modernize their data infrastructure and simplify AI adoption.The stock move is set to add more than $11 billion to its $67 billion market capitalizati ...
Zhongxin Fruit earnings for full year surge to RMB29.7 mil from increased purchasing activity from end customer
Nicole Lim - Zhongxin Fruit has reported higher earnings of RMB29.7 million ($5.33 million) for the full year ended June 30, 2025, up from the RMB2.3 million reported in the same period a year ago. For the 2HFY2025, the group reversed into earnings of RMB7.9 million. For the full year, revenue for the group came ...
Brokers’ Digest: Venture Corp, Hong Leong Asia, Singtel, ISDN, BRC Asia, SingPost, SGX, Dezign Format, Suntec REIT
The Edge Singapore - Venture Corp Price target: RHB Bank Singapore ‘buy’ $15 Better prospects with lower tariff rates Alfie Yeo of RHB Bank Singapore has kept his “buy” call on Venture Corp, given its attractive valuation and yield of around 6%. After recalibrating his earnings projections following the company ...
Deutsche Bank fined $3 million by Hong Kong securities regulator
HONG KONG :Deutsche Bank has been fined HK$23.8 million ($3.05 million) over various breaches between 2015 and 2023, Hong Kong's securities regulator said on Thursday.The violations include overcharging clients on management fees, incorrect assignment of product risk ratings and failure to disc ...
Deutsche Bank fined HK$23.8 million by Hong Kong securities regulator over regulatory breaches
HONG KONG :Deutsche Bank has been fined HK$23.8 million ($3.05 million) over various breaches between 2015 and 2023, Hong Kong's securities regulator said on Thursday.The breaches include overcharging clients on management fees, incorrect assignment of product risk ratings and failure to disclo ...
Didi posts Q2 loss on lawsuit provision despite revenue growth
BEIJING :Chinese ride-hailing giant Didi Global reported a second-quarter net loss of 2.5 billion yuan ($350 million)on Thursday, despite revenue rising 10.9 per cent.The loss was largely due to a one-time provision of 5.3 billion yuan for a previously disclosed shareholder class action lawsuit.Reve ...
Singapore firms continuing to expand in Africa, expect high returns
A growing wave of Singapore businesses are pursuing expansion in Africa, drawn by the region’s long-term growth potential that is driven by rapid urbanisation and a rising middle-income population.
Trump’s pressure on Fed independence holds global risk, ECB’s Rehn says
[HELSINKI] President Donald Trump’s escalating attacks on the US Federal Reserve could have substantial and global knock-on effects on the financial markets...
Temasek to manage portfolio via three distinct entities; Chia Song Hwee made co-CEO of Temasek International
Felicia Tan - Temasek will set up three wholly-owned entities to manage its three distinct portfolio segments, for better focused management. The three segments are global direct investments (GDIs); Singapore-based Temasek portfolio companies (TPCs); and partnerships, funds and asset management companies (PFAs). ...
Temasek to manage key portfolio segments through three entities; Chia Song Hwee made co-CEO of Temasek International
Felicia Tan - Temasek announced, on Aug 28, that it will establish three wholly-owned entities to manage its three distinct portfolio segments, for better focused management. The three segments are global direct investments (GDIs), Singapore-based Temasek portfolio companies (TPCs); and partnerships, funds and as ...
Temasek shakes up leadership as it prepares for renewal
Wong Chia Peck - The Singapore investment company will set up three entities to run key businesses, with four senior executives to take up additional roles
CNA Explains: How hard could Trump’s 50% tariff hit India?
The doubling of tariffs on most Indian imports to as high as 50 per cent took effect on Wednesday (Aug 27), a sharp hike from the 25 per cent earlier this month.
Malaysia says China ready to provide assistance in rare earths processing
China wants any cooperation to involve only state-linked companies
Avi-Tech’s FY2025 earnings fall 76.4% to $663,000 on weak engineering services business performance
Douglas Toh - Avi-Tech has reported earnings of $663,000 for the FY2025 ended June 30, marking a 76.4% y-o-y plunge from FY2024’s $2.81 million. Earnings per share (EPS) for the period came in at 0.39 cents on a diluted basis. In FY2025, the group reported a total revenue of $21.6 million, a decline of $3.5 mil ...
Buffett’s Berkshire lifts stakes in Japan trading houses, buoys shares
[TOKYO] Warren Buffett’s Berkshire Hathaway has raised its stakes in Mitsubishi and Mitsui & Co, according to the Japanese trading houses, prompting...
Yangzijiang Maritime prepares for sail
Frankie Ho - The spin-off aims to chart a cleaner growth path, free of China’s real estate slump Yangzijiang Financial Holding’s share price has more than doubled so far this year, easily outperforming Yangzijiang Shipbuilding and the benchmark Straits Times Index. So hot is the stock that it is trading near ...
Order book depth keeps Yangzijiang Shipbuilding afloat
Frankie Ho - Yangzijiang Shipbuilding finds itself at a crossroads of sorts in 2025. After delivering its best set of financial results and bagging an unprecedented US$14.6 billion ($18.7 billion) worth of new orders last year, the ascendant shipbuilder now faces a more complex and competitive landscape. Notably ...
Singapore government agencies gain secure AI access under GovTech–Google Cloud tie-up
Nurdianah Md Nur - Government agencies in Singapore can now leverage Google’s latest artificial intelligence (AI) tools under an expanded collaboration between the Government Technology Agency of Singapore (GovTech Singapore) and Google Cloud as the latter strengthens data residency guarantees. Through GovTech’s G ...
GLP secures up to US$1.5 billion investment from Adia unit
The funds will be used to bolster the company’s presence in logistics, digital infrastructure, and renewable energy
SingPost past and present: How a 200-year old monopoly got disrupted
Deon Loke SY - [SINGAPORE] Some have quipped that the postal service is the original social media. It facilitated widespread communication and connection over distances for...
India faces first legal challenge against online money games ban
NEW DELHI: Indian gaming company A23 has challenged the government's ban on online money-based games, a legal filing shows, in the first case against a law that led to the sudden shutdown of popular contests and has thrown the industry's future into doubt. Prime Minister Narendra Modi' ...
UOI targets Asean growth with digital and partnership-driven strategy
Samantha Chiew - United Overseas Insurance (UOI) is a direct general insurer, licensed to write all policies other than life. It is also the only locally listed general insurer on the Singapore Exchange. United Overseas Bank (UOB) holds 58.39% of UOI. UOB is the third-largest Singapore company by net profit, and the ...
Nvidia CEO Jensen Huang says AI boom far from over
Huang’s bullish outlook contrasts with recent signs of fatigue in AI-focused stocks
Nvidia CEO says AI boom far from over
Huang’s bullish outlook contrasts with recent signs of fatigue in AI-focused stocks
Analysts maintain estimates on Seatrium after arbitration case
Analysts from UOB Kay Hian and Citi Research are maintaining their “buy” calls and estimates on Seatrium after Keppel filed a notice of arbitration over liabilities related to Operation Car Wash on Aug 26. The arbitration is based on an agreement Keppel and Seatrium (then Sembcorp Marine or Semb ...
Japan to re-auction offshore wind sites dropped by Mitsubishi
TOKYO: Japan's government wants to re-auction three offshore wind sites abandoned by Mitsubishi-led groups as soon as possible, pending consent from local communities, a senior industry ministry official told Reuters. Trading house Mitsubishi Corp said on Wednesday (Aug 27) it will drop plans t ...
Geo Energy to acquire 51% stake in two Indonesian shipping companies for US$127.5 million
Therese Soh - This will diversify its revenue stream towards logistics and infrastructure services and enlarge its asset base to enable future earnings contributions
Ever Glory enters big league with Guthrie Engineering acquisition; ready for Mainboard anytime
Felicia Tan - Just two years after its listing on the Singapore Exchange’s (SGX) Catalist board, Ever Glory United Holdings is already looking to move to the Mainboard. CEO Xu Ruibing says the mechanical and engineering (M&E) group “has the right” to list on the Mainboard at any time and is definitely l ...
UK's Softcat lifts annual profit forecast for 3rd time in 6 months
British IT firm Softcat lifted its annual profit growth forecast for the third time in six months on Thursday, driven by execution of larger contracts in the fourth quarter.Shares rose 2.3 per cent to 1,600 pence in morning trade and were among the top gainers on the FTSE mid-cap index.The IT servic ...
Philippine central bank cuts benchmark rate by 25 basis points
MANILA :The Philippine central bank cut its key policy rate by 25 basis points to 5.0 per cent on Thursday, it said in a statement. The move followed data this month showing inflation eased to a near six-year low of 0.9 per cent in July, while the economy grew by an annual 5.5 per cent in the sec ...
Philippine central bank cuts rate for a third time in a row
MANILA : The Philippine central bank cut its key policy rate for a third straight meeting on Thursday and signalled that another reduction was still possible this year before it concludes its easing cycle.The Bangko Sentral ng Pilipinas lowered its Target Reverse Repurchase Rate by 25 basis points t ...
