Business
How Nippon Paint tycoon Goh Cheng Liang grew his empire to a US$13 billion fortune
Singapore’s richest man Goh Cheng Liang, who died this week, kept a low profile for years compared with his other billionaire…
Section
Business
Business
Telstra logs higher annual profit, announces A$1 billion buyback
Australian telecom firm Telstra Group forecast higher operating earnings for fiscal 2026 and reported a 31 per cent rise in its fiscal…
Business
Thailand’s Delta sees AI boom boosting sales for coming years
Delta Electronics (Thailand), the country’s most valuable publicly traded company, is predicting “double-digit” sales growth to continue…
Business
More than 8.3 million people pulled out of poverty in Mexico between 2022 and 2024
MEXICO CITY (AP) — More than 8.3 million people in Mexico were pulled out of poverty between 2022 and 2024, according to a report released…
Business
The Amazon has lost an area larger than Spain in 40 years
Some 52 million hectares of natural land have been lost in the Brazilian Amazon region since 1985 – an area larger than Spain. Nationwide,…
Business
Mapletree Logistics Trust to divest logistics property in Australia for A$60 million
Its manager says the capital freed up will give MLT room to pursue investment openings in modern, high-spec facilities with more growth…
Business
EC World Reit’s H1 net property income falls 60.3% to S$18.7 million
EC World Real Estate Investment Trust (Reit) reported a 60.3 per cent decline in net property income to S$18.7 million in the first half…
Business
US: S&P 500, Nasdaq hit record highs at open on September rate cut hopes
Wall Street’s main indexes opened higher on Wednesday (Aug 13) with the benchmark S&P 500 and the Nasdaq hitting record highs, underpinned…
Business
Food Empire reports net loss of US$1.5 million, declares first-ever interim dividend of S$0.03
Food Empire reported a net loss of US$1.5 million for the first half-year ended Jun 30, the group said in a bourse filing on Wednesday…
Business
Temasek-backed ST Telemedia is said to consider selling stake in data centre operator GDS: sources
ST Telemedia (STT) is considering selling its holding in Chinese data centre operator GDS Holdings, people familiar with the situation…
Business
Why China’s banks are hunting for fortunes stashed abroad
BEHIND the gates of an opulent mansion in Vancouver, San Francisco, or Sydney, a wealthy Chinese individual lives a life of quiet…
Business
Asia: Stocks to gain as US CPI fuels Fed cut bets
STOCKS in Asia were set to track Wall Street higher after an in-line US inflation reading bolstered speculation the Federal Reserve will…
Business
Trump's unusual deal with Nvidia and AMD sparks concerns, legal questions
President Trump struck an unusual deal with Nvidia and Advanced Micro Devices that allows the companies to sell certain chips to China in…
Business
What If A.I. Doesn’t Get Much Better Than This?
For this week’s Open Questions column, Cal Newport is filling in for Joshua Rothman. Much of the euphoria and dread swirling around…
Business
Delfi H1 net profit down 37.7% to US$12.2 million on softer performance in Indonesia
Delfi posted a 37.7 per cent drop in net profit to US$12.2 million for its first half ended Jun 30, 2025, from US$19.6 million in the…
Business
US: Wall St opens higher as inflation rises moderately in July
Wall Street’s main indexes opened higher on Tuesday (Aug 12) after data showed inflation rose broadly in line with expectations in July,…
Business
Accord in Pakistan unveils Remediation Costing Tool, new measures
The International Accord shared an update of its latest supplier briefing in Pakistan. In the update it said 138 global brands sourcing…
Business
Singapore shares slip despite upgraded 2025 growth outlook; STI down 0.3%
Stocks on the local bourse ended lower on Tuesday (Aug 12) for the third consecutive session. The decline occurred despite gains in most…
Business
Valuemax H1 net profit up 35.5% at S$48 million
It attributes improvement to robust performance across all its core business segments – pawnbroking, moneylending, gold and jewellery…
Business
Steigenberger Icon Europäischer Hof reopens after renovation
H World Group hotel brand Steigenberger Icon’s Europäischer Hof in Baden-Baden, Germany, has reopened its doors after undergoing extensive…
Business
M1-Simba, Starhub-MyRepublic consolidations: a crowded telco market through the years
Developments of telecommunications companies consolidating dominated this week, after many years of speculation. News broke on Tuesday…
Business
DBS, China-Singapore Suzhou Industrial Park Development sign MOU to advance carbon credit trading
DBS China on Tuesday (Aug 12) has signed a memorandum of understanding with a subsidiary of China-Singapore Suzhou Industrial Park…
Business
US Fed chair search expands to include Bowman, Jefferson and Logan
The US Federal Reserve’s two vice-chairs, Michelle Bowman and Philip Jefferson, and Dallas Fed president Lorie Logan are under…
Business
FLCT prices S$100 million notes due 2034 at 2.45%
The notes, rated “BBB+” by S&P, will be issued on Aug 15 under the Reit’s S$1 billion multi-currency debt issuance programme Frasers…