News
China’s answer to World Bank plans to open Singapore, HK offices
[ad_1] [BEIJING] The Asian Infrastructure Investment Bank is looking to open new offices in Hong Kong and Singapore, according to people familiar with the matter, in a plan that would...
Nissan plans one trillion yen funding with backing from UK government
[ad_1] [TOKYO] Nissan Motor, facing a huge loan repayment wall next year, is seeking to raise more than one trillion yen (S$7 billion) from debt and asset sales to keep...
Temu-owner PDD Holdings profit dives as it faces challenges at home and abroad
[ad_1] [SHANGHAI] Chinese e-commerce firm PDD Holdings saw first-quarter net profit fall 47 per cent to 14.7 billion yuan (S$2.6 billion) as its domestic platform suffered from intense local competition...
US warns Pirelli risks restrictions due to Chinese investor
[ad_1] [MILAN] The US government warned Italy’s Pirelli & C that vehicles containing its advanced sensors technology could be restricted from sale in America due to concerns over the influence...
CapitaLand Ascendas Reit to buy Tai Seng data centre, Science Park building for S$700.2 million
[ad_1] [SINGAPORE] CapitaLand Ascendas Real Estate Investment Trust (Clar) has entered conditional agreements to acquire two prime properties to expand its portfolio in Singapore, particularly in the technology sector, the...
Valuetronics posts 3.1% higher H2 profit of HK$79.9 million
[ad_1] The board has proposed a final dividend of HK$0.11 per share and a special dividend of HK$0.08 per share[SINGAPORE] Electronics manufacturing services provider Valuetronics on Wednesday (May 28) posted...
Salesforce to buy Informatica for US$8 billion to bolster AI data tools
[ad_1] [NEW YORK] Salesforce said on Tuesday (May 27) it would buy Informatica for about US$8 billion, betting on the data management platform to sharpen its competitive edge in the...
Toyota sends first half of US$500 million pledge to air taxi maker
[ad_1] Joby says recently it now aims to start commercial services in Dubai by early 2026 after having previously targeted the end of this yearPublished Wed, May 28, 2025 ·...
TSMC to open chip design centre in Munich, could later support AI development
[ad_1] [AMSTERDAM] Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, said on Tuesday (May 27) it will open a design centre in Munich, Germany, which could at a...
MAS proposes to remove some exemptions from advertisement regulations to better protect consumers
[ad_1] [SINGAPORE] The Monetary Authority of Singapore (MAS) is proposing to amend financial advertisement requirements in a bid to boost protection for consumers.MAS currently requires financial institutions (FIs) to ensure...
