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TSMC profit surges again after AI drives big jump in sales
TSMC profit surges again after AI drives big jump in sales
The company’s performance underscores resilient demand for high-end artificial intelligence chips from the likes of Nvidia and Advanced Micro Devices, which is outpacing its production capacityPublished Thu, Jul 17,...
Trek 2000 divests stake in Terrenus Energy valued at around S.2m
Trek 2000 divests stake in Terrenus Energy valued at around S$8.2m
The shares are currently held as investment and do not generate any income or revenue for FY2024[SINGAPORE] Technology provider Trek 2000 International announced on Thursday (Jul 17) that it...
Companies look to AI to enable financial resilience amid global volatility: DBS survey
Companies look to AI to enable financial resilience amid global volatility: DBS survey
[SINGAPORE] Businesses around the world are rethinking long-term strategies as volatility rises, with generative artificial intelligence (Gen AI) tools of particular interest, based on a global survey by DBS...
Chinese shipyards’ market share falls to 52% amid US port fees concerns, says Bimco
Chinese shipyards’ market share falls to 52% amid US port fees concerns, says Bimco
[SINGAPORE] The market share of Chinese shipyards dropped by almost a third from January to June this year amid concerns about upcoming fees on Chinese ships entering US ports,...
Amara announces it will delist from SGX mainboard on Jul 21
Amara announces it will delist from SGX mainboard on Jul 21
[SINGAPORE] Hotel and property group Amara Holdings announced on Thursday (Jul 17) that it will be officially delisted from the mainboard of the Singapore Exchange as at 9 am...
Asia: Stocks struggle as traders eye Fed saga, trade war
Asia: Stocks struggle as traders eye Fed saga, trade war
[HONG KONG] Asian markets fluctuated on Thursday after a rollercoaster day on Wall Street punctuated by fears Donald Trump was considering sacking the head of the US Federal Reserve.Traders...
Thailand seeks ways to curb gold price impact on currency
Thailand seeks ways to curb gold price impact on currency
[BANGKOK] Thailand’s central bank and the finance ministry are discussing ways to address currency moves that are not aligned with fundamental factors, including the impact of gold prices, according...
How Chinese consumer brands are muscling into South-east Asia
How Chinese consumer brands are muscling into South-east Asia
EVERY tourist arriving in Ho Chi Minh City visits the 110-year-old Ben Thanh Market. Its surrounding streets pulse with local eateries, coffee joints, and souvenir shops.Yet amid these Vietnamese...
Fed’s New York president says tariff economic impact is only just starting
Fed’s New York president says tariff economic impact is only just starting
[NEW YORK] US Federal Reserve Bank of New York President John Williams said that monetary policy is in the right place to allow central bankers to monitor the economy...
Stocks to watch: ST Engineering, FLCT, mm2 Asia, HRnetGroup, Ossia
Stocks to watch: ST Engineering, FLCT, mm2 Asia, HRnetGroup, Ossia
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jul 17):ST Engineering: The group said on Thursday that its wholly owned subsidiary ST...