Lifestyle
AMD to acquire server builder ZT Systems for US$4.9 billion in cash and stock
AMD on Monday (Aug 19) said it plans to acquire server maker ZT Systems for US$4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips...
Thai central bank to hold rates until Q2 2025, political turmoil risks early cut
THE Bank of Thailand (BOT) will keep interest rates unchanged on Wednesday (Aug 21) and through Q1 2025 to balance growth with inflation control while assessing the impact of...
Property groups should sell low-yielding investment properties, go slow in raising debt
ACCESS to debt appears fine for Singapore-listed property groups. Frasers Property announced in July that it had secured a sustainability-linked loan amounting to around S$904 million, comprising an Australian...
Pacific International Lines adds 5 LNG dual-fuel container vessels to fleet
SINGAPORE container carrier Pacific International Lines (PIL) is in the process of renewing its fleet, with an order for five liquefied natural gas (LNG) dual-fuel container vessels. Each one...
Global digital economy will hit US$16.5 trillion by 2028: report
RESEARCH and advisory company Forrester released its report, Global Digital Economy Forecast, 2023-2028, on Monday (Aug 19) revealing that the digital economy will reach US$16.5 trillion and capture 17...
Ericsson reaches deal to sell US firm to Koch unit
SWEDISH telecom equipment maker Ericsson reached a US$1 billion deal to sell its US call-routing business Iconectiv to a private investment arm of Koch.Ericsson expects to get about 10.6...
Singapore stocks open higher on Monday; STI up 1.1%
SINGAPORE stocks started trading in positive territory on Monday (Aug 19), a day after Prime Minister Lawrence Wong gave his first National Day Rally speech. As at 9.01 am, the...
Hot stock: Yoma falls 17% after denying criminal proceeds from online scam centres used to fund real estate project
It says the project has not required or received external funding in recent yearsSHARES of Yoma Strategic fell 16.8 per cent on Monday (Aug 19) morning, after it made...
