Leadership

As money pours into private credit funds, will there be enough borrower demand?
As money pours into private credit funds, will there be enough borrower demand?
May 7, 2024
ASIA’S rapid economic growth and recovering deals pipeline should keep private credit funds supplied with plenty of borrowers, industry players said, amid a growth in lending appetite. But not...
OpenAI inks licensing deal with People magazine publisher
OpenAI inks licensing deal with People magazine publisher
May 7, 2024
OPENAI has inked a licensing deal with Dotdash Meredith that will bring the People magazine publisher’s content to ChatGPT and help train the tech startup’s artificial intelligence models.Under the...
Disney’s surprise streaming entertainment profit offset by weaker TV business
Disney’s surprise streaming entertainment profit offset by weaker TV business
May 7, 2024
Walt Disney’s surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office, sending its shares down 8.5 per...
Far East Orchard net profit up 46.8% to S.9 million in Q1 
Far East Orchard net profit up 46.8% to S$6.9 million in Q1 
May 7, 2024
FAR East Orchard recorded S$6.9 million in net profit for the first three months ended March, up 46.8 per cent from S$4.7 million in the year-ago period. The improvement in...
Singapore architectural firm wins US million deal to light up mega theme park in Saudi Arabia
Singapore architectural firm wins US$28 million deal to light up mega theme park in Saudi Arabia
May 7, 2024
SINGAPORE-BASED Swan & Maclaren Group (SMG), one of the country’s oldest architectural firms, has clinched a US$28 million tender to provide illumination systems for the Six Flags Qiddiya theme...
Tesla’s China-made EV sales fall 18% y/y in April
Tesla’s China-made EV sales fall 18% y/y in April
May 7, 2024
US AUTOMAKER Tesla sold 62,167 China-made electric vehicles in April, down 18 per cent from a year earlier, China Passenger Car Association (CPCA) data showed on Tuesday (May 7). Deliveries...
Singapore stocks end lower even as regional markets rally; STI slips 0.1%
Singapore stocks end lower even as regional markets rally; STI slips 0.1%
May 7, 2024
SINGAPORE shares closed lower on Tuesday (May 7), bucking a regional rally and overnight gains in the US. The benchmark Straits Times Index (STI) fell 0.1 per cent or...
China’s CICC may cut investment banking headcount by at least 10% this year
China’s CICC may cut investment banking headcount by at least 10% this year
May 7, 2024
China International Capital Corp (CICC) may reduce its investment banking headcount by at least 10 per cent this year, two people with knowledge of the matter said, as a...
BP profits drop to US.7 billion, refinery outage offsets higher output
BP profits drop to US$2.7 billion, refinery outage offsets higher output
May 7, 2024
BP reported on Tuesday (May 7) first-quarter earnings of US$2.7 billion, down 40 per cent from a year earlier and missing forecasts due to lower energy prices and a...
Amazon’s AWS commits extra S billion to boost Singapore cloud infrastructure
Amazon’s AWS commits extra S$12 billion to boost Singapore cloud infrastructure
May 7, 2024
AMAZON Web Services (AWS) will commit an extra S$12 billion to its existing Singapore cloud infrastructure over the next four years, doubling its investment in the Republic. The move...