Entrepreneurship
Microsoft begins deep job cuts across Xbox division
[NEW YORK] Microsoft’s gaming division began informing employees of job cuts on Wednesday (Jul 2) morning, part of a broader culling at the software company as it seeks to...
Microsoft to cut about 9000 jobs amid hefty AI bets
[NEW YORK] Microsoft will lay off nearly 4 per cent of its workforce, or about 9000 people, the company said on Wednesday (Jul 2), in the latest job cuts...
Schroders picks Singapore for global digital assets hub
[SINGAPORE] International investment manager Schroders has chosen Singapore as the base for its new Global Digital Assets Centre of Excellence.The centre will focus on applying tokenisation – which is...
UOL leads STI to record high of 4,010.77
The index closes 0.5% higher while across the broader market, gainers beat decliners 302 to 186 after 1.3 billion securities worth S$1.5 billion were transacted[SINGAPORE] Singapore’s benchmark index reached...
Alibaba Cloud launches global AI innovation hub in Singapore, two data centres in Malaysia, Philippines
[SINGAPORE] Alibaba’s cloud computing arm on Wednesday (Jul 2) launched a global artificial intelligence (AI) innovation hub in Singapore, which will support over 5,000 businesses and 100,000 developers globally....
Asian CFOs brace for downturn, but eye expansion: survey
[SINGAPORE] More than eight in 10 Asian chief financial officers (CFOs) expect the global economy to worsen in the coming months – a markedly more pessimistic view than their...
Stoneweg Icona data centre fund rebranded to AiOnX; adds fifth asset in UK
[SINGAPORE] The trustee-manager of Stoneweg European Business Trust announced on Wednesday (Jul 2) that SWI Group, the sponsor of Stoneweg Europe Stapled Trust (Sert), has added a fifth data...
MMC Port moves closer to launching Malaysia’s biggest IPO in 13 years
The port operator will not receive any proceeds from the initial public offering, but it is upbeat about its financial strengthPublished Wed, Jul 2, 2025 · 12:15 PM[SINGAPORE] Port...
Alibaba expands AI cloud services in Malaysia, Philippines
The company will accelerate the buildout of its global cloud network in China, Japan, South Korea, South-east Asia, the Middle East, Europe and Americas over the next three years,...
Yangzijiang Financial rises over 6% after update on maritime subsidiary incorporation
[SINGAPORE] Shares of Yangzijiang (YZJ) Financial rose by more than 6 per cent on Wednesday (Jul 2) morning, following an update by the group on its incorporation of YZJ...
