Technology
Jack Ma-backed Ant’s profit fell 31% on AI, new business costs
[BEIJING] Ant Group’s quarterly profit fell 31 per cent as the firm invested in artificial intelligence and other initiatives to bolster revenue growth. The Hangzhou-based online finance firm contributed 1.76...
SIA staff to get 7.45 months of bonus for FY2025
[SINGAPORE] Singapore Airlines (SIA) is said to be rewarding eligible employees with a profit-sharing bonus of 7.45 months for FY2025, marginally lower than the 7.94 months for FY2024, but...
MAS proposes key changes in IPO rules and processes to boost SGX’s appeal
[SINGAPORE] The Monetary Authority of Singapore (MAS) is currently seeking feedback on proposed changes to simplify prospectus requirements and enhance investor outreach for initial public offerings (IPOs), it announced...
HSBC-backed Hang Seng Bank to cut jobs as part of restructuring
[HONG KONG] Hong Kong-based lender Hang Seng Bank said on Thursday (May 15) that it was restructuring its business and streamlining duplicate roles in a move that would lead...
Deutsche Telekom first-quarter profit slightly above expectations
The group raised 2025 core profit guidance to about 45 billion euros, up marginally from the previous 44.9 billionPublished Thu, May 15, 2025 · 02:26 PM[FRANKFURT] Deutsche Telekom reported...
Oliver Healthcare Packaging opens largest regional plant in Johor-Singapore SEZ
[ISKANDAR PUTERI] United States-based medical packaging company Oliver Healthcare Packaging on Thursday (May 15) opened its new 120,000 square foot (sq ft) manufacturing facility within the Johor-Singapore Special Economic...
April new home sales dip 9% month on month to 663 units, but are double year-ago levels
[SINGAPORE] Developers in Singapore sold 663 private homes in April, down 9 per cent from the month before, but up 120 per cent from the 301 units a year...
SingPost plunges 12% on underlying net loss despite proposing S$0.09 special dividend
The group posts 40% fall in net profit as uncertain global logistics conditions pose challenges[SINGAPORE] Shares of Singapore Post (SingPost) plunged nearly 12 per cent on Thursday (May 15)...
Starbucks is said to kick off process to sell stake in sprawling China business
[HONG KONG] Starbucks has contacted private equity (PE) firms, technology companies and others as it considers options for its China business, including a possible stake sale, according to sources...
Newsom proposes slashing funding to California newsrooms by $20 million citing budget issues
Gov. Gavin Newsom proposed slashing funding by 67% for a pioneering deal with Google to support struggling California newsrooms, citing financial pressures that have promoted wider budget cuts.California newsrooms...