News

Bangladesh orders 25 Boeing planes, Airbus eyes deals
[ad_1] [DHAKA] Bangladesh has ordered 25 wide-body aircraft from Boeing as part of a tariff deal with the United States, a top commerce ministry official told AFP on Thursday (Nov...
Far East Orchard’s 9M profit more than doubles to S$37.6 million
[ad_1] [SINGAPORE] Hospitality and student housing player Far East Orchard’s net profit more than doubled to S$37.6 million for the nine months ended Sep 30, up from S$16.9 million in...
Genting Singapore Q3 net profit rises 19% to S$94.6 million amid higher VIP volume, win rate
[ad_1] [SINGAPORE] Genting Singapore posted a 19 per cent year-on-year increase in net profit to S$94.6 million for the third quarter ended Sep 30, with improved VIP rolling volume and...
California backs down on AI laws so more tech leaders don’t flee the state
[ad_1] California’s tech companies, the epicenter of the state’s economy, sent politicians a loud message this year: Back down from restrictive artificial intelligence regulation or they’ll leave.The tactic appeared to...
China commercial vehicle maker Qingling Motors debuts in Singapore with the EQ2 heavy truck
[ad_1] [SINGAPORE] Automotive group Motorway and Qingling Motors will officially launch an electric heavy vehicle (EHV), the Qingling EQ2, on Friday (Nov 7). Priced from S$155,888 with a Certificate of...
Chinese banks edge out global rivals in financing Boyu Capital’s Starbucks China deal: sources
[ad_1] Ping An Bank, Industrial Bank, and China Minsheng Banking are set to arrange a seven-year syndicated loan of about US$1.4 billion[SHANGHAI] Chinese lenders are nearing a deal to help...
Singtel jumps 5.1% to all-time high on talks to buy local data-centre firm
[ad_1] The telco and KKR & Co are in the late stages of discussions to buy more than 80% of ST Telemedia Global Data Centres for over S$5 billion[SINGAPORE] Shares...
Singtel rises 5.4% to all-time high amid talks of US$3.9 billion data-centre deal
[ad_1] The telco and KKR & Co are in the late stages of discussions to buy more than 80% of ST Telemedia Global Data Centres for over S$5 billion[SINGAPORE] Shares...
Endowus to offer Avanda’s Singapore equity strategy on its platform
[ad_1] The approach focuses on small and mid-cap opportunities, supporting MAS’ funding initiative[SINGAPORE] Singapore-based wealth adviser Endowus will offer institutional investors and accredited investors access to fund manager Avanda Investment...
Commerzbank Q3 profit unexpectedly falls 8% as higher tax rates, costs weigh
[ad_1] [FRANKFURT] Germany’s Commerzbank, fending off a possible takeover by Italy’s UniCredit, reported an unexpected 7.9 per cent drop in third-quarter net profit on Thursday (Nov 6) as higher tax...
Latest Singapore six-month T-bill cut-off yield slides to 1.37%
[ad_1] Figure is down from the 1.41% offered from the last auction that closed on Oct 23[SINGAPORE] The cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) fell to 1.37...
DBS banks on deposit growth to keep income stable in 2026 as interest rates fall
[ad_1] CEO Tan Su Shan sees opportunities within the equities capital markets and debt capital markets, as corporates return to these markets amid lower rates[SINGAPORE] DBS expects its total income...