Technology
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...
Sasseur Reit posts 1.6% rise in Q1 rental income to 175.4 million yuan
[SINGAPORE] Sasseur real estate investment trust’s (Reit) rental income under its entrusted management agreement (EMA) model for the first quarter ended March rose 1.6 per cent year on year...
