Posts by Stephanie Irvin
China’s Baidu eyes robotaxi expansion to Singapore and Malaysia
The development comes as Tesla prepares to launch its Cybercab robotaxi network within days Published Fri, Jun 20, 2025 · 08:45 PM [BEIJING] Baidu is planning to launch its Apollo Go robotaxi service in Singapore and Malaysia as early as this year, according to a person familiar with the matter, as the company continues to…
Read MoreGold heads for weekly fall as fewer Fed rate cut prospects weigh
GOLD prices fell on Friday and were on track for a weekly decline, as an overall stronger dollar and the prospect of fewer US interest rate cuts offset support from rising geopolitical risks in the Middle East. Spot gold slipped 0.5 per cent to US$3,355.49 an ounce, as of 0245 GMT, and was down 2.2 per cent…
Read MoreHSBC names new head of wealth and premier solutions for Singapore
[SINGAPORE] HSBC announced on Friday (Jun 20) that it has appointed Ishan Sarkar as the bank’s new head of wealth and premier solutions (WPS). He will be based in Singapore and assume the new role on Jul 1. Sarkar will report to Ashmita Acharya, head of international wealth and premier banking at HSBC Singapore, and…
Read MoreAir India warned for flying Airbus planes with unchecked escape slides
[NEW DELHI] India’s aviation regulator has warned Air India for breaching safety rules after three of its Airbus planes flew despite being overdue checks on emergency equipment, and for being slow to address the issue, government documents show. The warning notices and an investigation report – both reviewed by Reuters – were not in any…
Read MoreHow Pop Mart’s Labubu became a monster of a business
LABUBU is a little doll in fleecy, bunny-eared onesies whose coffee-bean eyes hover above a smile lined by a row of serrated teeth. Ostensibly an elf, the creature is either cute or creepy, depending on whom you ask. But one thing is clear – it has become a monster of a business. The dolls have…
Read MoreJPMorgan, Macquarie bet on S-Reits amid falling borrowing costs, MAS mandates
[SINGAPORE] Singapore-listed real estate investment trusts (S-Reits) could gain from falling interest rates, particularly those with a domestic focus, as well as The Monetary Authority of Singapore’s (MAS) initiatives, reports from JPMorgan and Macquarie indicated. This comes as declines in various interest rates, such as the Singapore Overnight Rate Average (Sora) and treasury bills, have…
Read MoreStock to watch: SingPost
[SINGAPORE] The following company saw new developments that may affect trading of its securities on Friday (Jun 20): Singapore Post (SingPost): The national postal service provider has placed 10 Housing and Development Board shophouses for sale and leaseback. This is part of its plan to divest non-core assets and unlock shareholder value while maintaining current…
Read MoreMOF says SRS withdrawal process ‘can be improved’, will work with banks on this
[SINGAPORE] The government will work with Supplementary Retirement Scheme (SRS) bank operators to smoothen account holders’ process of withdrawing funds from their account. The response comes shortly after The Straits Times (ST) published a letter on its Forum page on Monday (Jun 16) by account holder Francis Yeoh, who described the current process as inconvenient,…
Read MoreCanada will ‘adjust’ counter tariffs on US metals if no deal in 30 days
Published Fri, Jun 20, 2025 · 06:59 AM [OTTAWA] Canada will “adjust” its 25 per cent counter tariffs on US steel and aluminum in response to a doubling of US levies if a bilateral trade deal is not reached within 30 days, Prime Minister Mark Carney said on Thursday. “Canada will adjust its existing counter tariffs…
Read MoreSpaceX Starship explodes on Texas launch pad
[HOUSTON] A SpaceX Starship rocket exploded during a routine ground test in Texas late on Wednesday, the company said, in the latest setback to billionaire Elon Musk’s dream of sending humans to Mars. The explosion – which sent a towering fireball into the air – happened at the Starbase launch facility at about 11:00 pm…
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