News

Trek 2000 divests stake in Terrenus Energy valued at around S$8.2m
[ad_1] The shares are currently held as investment and do not generate any income or revenue for FY2024[SINGAPORE] Technology provider Trek 2000 International announced on Thursday (Jul 17) that it...
mm2 Asia evaluating all available options, including winding up Cathay Cineplexes
[ad_1] [SINGAPORE] Cathay Cineplexes parent company mm2 Asia said on Thursday (Jul 17) that it is evaluating all available options to address its financial challenges, including winding up the cinema...
City Energy launches app-free electric vehicle charging across Singapore, Malaysia
[ad_1] [SINGAPORE] City Energy’s electric vehicle (EV) charging arm, Go by City Energy, on Wednesday (Jul 16) introduced the first app-free EV charging experience in Singapore. The new “AutoCharge” system...
What is Laopu Gold? This Gen Z darling soared 2,000% and now it’s opened a store in Marina Bay Sands
[ad_1] [SINGAPORE] Up-and-coming Chinese jewellery label Laopu Gold has made waves in the past year with both consumers and investors alike. There has been rapidly rising demand for its offerings...
Trump’s trade deal pushes Garuda to learn to love 737 Max again
[ad_1] [JAKARTA] Five months after a Boeing 737 Max aircraft operated by Lion Air crashed into the Java Sea in 2018, Indonesian flag carrier Garuda Indonesia tried to cancel its...
ST Engineering unit, SP Group to sell joint venture for S$290 million to Singapore fund manager
[ad_1] ST Engineering is expected to get a one-off gain of around S$80 million from the proposed sale[SINGAPORE] ST Engineering’s wholly owned subsidiary, ST Engineering Urban Solutions, has entered into...
Hong Kong’s US$25 billion pile of soured debt spurs talks to form ‘bad bank’
[ad_1] [HONG KONG] The pile of non-performing loans (NPLs) at Hong Kong lenders has grown so large that some in the industry have discussed the creation of a “bad bank”...
New details in Air India crash probe shift focus to plane’s captain: WSJ
[ad_1] A COCKPIT recording of dialogue between the two pilots of the Air India flight that crashed last month indicates the captain cut the flow of fuel to the plane’s...
Goldman Sachs profits jump as CEO eyes more merger activity
[ad_1] [NEW YORK] Goldman Sachs reported a jump in second-quarter profits on Wednesday behind significant increases in financial advisory revenues that chief executive David Solomon said could presage an uptick...
Three-quarters of US teens use AI companions despite risks: study
[ad_1] [SAN FRANCISCO] Nearly three in four American teenagers have used AI companions, with more than half qualifying as regular users despite growing safety concerns about these virtual relationships, according...
Oil settles down; build in US fuel inventories offsets signs demand growing
[ad_1] [HOUSTON] Oil prices settled marginally lower on Wednesday as US fuel inventory builds and concerns about wider economic impact from US tariffs outweighed some signs of increasing demand.Brent crude...
US: Stocks end higher, shrugging off Powell firing fears
[ad_1] [NEW YORK] Wall Street stocks finished higher on Wednesday, shrugging off a mid-session swoon after US President Donald Trump denied plans to fire Federal Reserve Chair Jerome Powell.Major indices had moved...