Entrepreneurship
Singapore, Asia equities with high yields, growth potential focus of JPMAM’s MAS EQDP fund strategy
[SINGAPORE] JP Morgan Asset Management (JPMAM) intends to focus on small- and mid-cap (SMID) Singapore stocks, as well as high-yielding markets in the Asia-Pacific, to revitalise investor interest in...
Bank of Japan turns less gloomy on economy, keeps rate-hike chance alive
[TOKYO] The Bank of Japan (BOJ) revised up its inflation forecasts on Thursday (Jul 31) and offered a less gloomy outlook on the economy than three months ago, keeping...
OpenAI hits US$12 billion in annualised revenue, The Information reports
Published Thu, Jul 31, 2025 · 11:01 AMCHATGPT-MAKER OpenAI roughly doubled its revenue in the first seven months of the year, reaching US$12 billion in annualised revenue, The Information...
Seatrium shares tumble 5.4% after fines, despite strong H1 results
The company will pay S$240 million in financial penalties to settle corruption offences[SINGAPORE] Shares of Seatrium dived 5.4 per cent shortly after market open on Thursday (Jul 31) despite...
Over 120 flights disrupted by UK tech glitch
[LONDON] Scores of flights to and from UK airports were cancelled on Wednesday due to a technical glitch, according to the air traffic control service, prompting anger from airline...
Grab reports Q2 2025 earnings of US$35 million on higher revenue and margins
[SINGAPORE] Superapp Grab reported Q2 2025 earnings of US$35 million, reversing from a loss of US$53 million in the same year-ago period.This was driven by operating profit and lower...
Keppel H1 profit rises 24.2% to S$377.7 million; seeks to monetise S$14.4 billion non-core assets
[SINGAPORE] Asset manager Keppel saw net profit rise 24.2 per cent on the year to S$377.7 million for the first half ended Jun 30, driven by growth in its...
Samsung Q2 profit drops 55% on weak AI chip sales, China curbs
Published Thu, Jul 31, 2025 · 08:26 AM[SEOUL] Samsung Electronics reported on Thursday a 55 per cent drop in second-quarter operating profit as delays in high-bandwidth memory chip shipments...
Grab Holdings beats quarterly revenue estimates
Published Thu, Jul 31, 2025 · 08:07 AM[SINGAPORE] Grab Holdings beat Wall Street expectations for second-quarter revenue on Wednesday, as consumers boosted spending on its ride-hailing and food delivery platform...
China’s JD.com to acquire German electronics retailer Ceconomy for 2.2 billion euros
[DUESSELDORF, Germany] JD.com is set to acquire German electronics retailer Ceconomy in a 2.2-billion-euro (S$3.3-billion) deal at 4.60 euros a share that Ceconomy’s CEO told Reuters would likely be...
