Technology
SingPost divests freight forwarding business Famous Holdings for S$177.9 million
[SINGAPORE] Singapore Post (SingPost) has divested its entire freight forwarding business, Famous Holdings, for about S$177.9 million.The sale resulted in an estimated realised gain on disposal of S$10.5 million...
Aztech Global H1 net profit drops 65.5% to S$16.1 million on subdued customer demand
[SINGAPORE] Aztech Global’s net profit plunged 65.5 per cent to S$16.1 million, from S$46.7 million, for the first half ended Jun 30, 2025. Similarly, revenue declined by 50.3 per...
HPH Trust records unchanged H1 DPU of HK$0.05 despite higher profit
[SINGAPORE] Hutchison Port Holdings (HPH) Trust reported a distribution per unit of HK$0.05 for the first half ended Jun 30, 2025, unchanged from the corresponding year-ago period. This was...
Thailand’s tourism slump and household debt weigh on its lenders
[BANGKOK] Thailand’s banks are grappling with weak lending amid high household debt, slowing tourism and sluggish consumer spending that risk dampening their outlook for the rest of the year.
The...
Sanofi to buy Vicebio for up to US$1.6 billion in vaccine push
The French drugmaker will pay US$1.15 billion upfront with a commitment for potential milestones worth as much as US$450 millionPublished Tue, Jul 22, 2025 · 03:40 PM[PARIS] Sanofi agreed...
HSBC Global Private Banking appoints new senior leadership across S-E Asia, Australia markets
[SINGAPORE] HSBC Global Private Banking announced on Tuesday (Jul 22) a series of senior appointments to deepen its coverage across South-east Asia, Australia, and international markets.These include Joanne Ng,...
Indonesia plans US$8 billion refineries contract with US firm amid tariffs deal: sources
[JAKARTA] Indonesian sovereign wealth fund Danantara plans to sign a US$8 billion engineering, procurement and construction contract with US engineering firm KBR to build 17 modular refineries, according to...
Commentary: 3 things that should scare us about Trump’s fake video of Obama