Entrepreneurship
UMS signs pact for joint venture with three Vietnamese precision engineering firms
[SINGAPORE] High-precision semiconductor company UMS Integration on Friday (Jun 5) announced that it has inked a non-binding memorandum of understanding (MOU) to invest about US$3.6 million for a 51.6...
Singtel gets funding boost from government to strengthen AI push, create ‘high-value AI-related roles’
Telco will partner Digital Industry Singapore in a move that can help the Republic strengthen its artificial-intelligence sovereign capabilities[SINGAPORE] Singtel will partner Digital Industry Singapore (DISG) to strengthen its...
Singapore stocks close lower, tracking Asia sell-off; STI still ends week higher
Published Fri, Jun 5, 2026 · 06:29 PM[SINGAPORE] Singapore stocks ended lower on Friday (Jun 5), tracking a broader decline across regional markets.The benchmark Straits Times Index (STI) fell...
China allows some banks to offer higher rates on US dollar deposits
The move signals a relaxation of a ceiling imposed in 2023, when the renminbi was under pressurePublished Fri, Jun 5, 2026 · 05:30 PM[BEIJING] China is allowing some banks...
Lenovo’s 3D scans were made for the Fifa World Cup, but value may lie in video games
Its AI chatbot will launch with an empty playbook, but 3D scans could yield a multibillion-dollar IP pipeline[ZURICH] Lenovo’s new ChatGPT-style tactical chatbot has been touted as the centrepiece...
Lenovo’s 3D scans were made for the Fifa World Cup, but true value may lie in video games
Its AI chatbot will launch with an empty playbook, but its scans could yield a multibillion-dollar IP pipeline[ZURICH] Lenovo’s new ChatGPT-style tactical chatbot may have been touted as the...
UK’s biggest retailers cut 18,000 jobs amid rising taxes and wages
Massive layoffs show how the Labour government’s tax hikes are hitting the British’s top employersPublished Fri, Jun 5, 2026 · 03:17 PM[LONDON] Britain’s largest retailers have shed almost 18,000...
Banks curb China trips, delay events after cross-border scrutiny
The moves also coincide with an intensifying drive by Chinese tax authorities to collect taxes on offshore incomePublished Fri, Jun 5, 2026 · 02:18 PM[HONG KONG] Private banks are...
From CTO to CEO: Anext Bank taps financing AI hardware to grow SME lending
The Ant International unit is using AI financing and alternative data to expand credit access for MSMEs[SINGAPORE] It has been about one and a half years since Qiu Kai...
China speeds past Japan in Australian car imports on EV bonanza
Electric vehicles and hybrids account for almost half of the cars sold in Australia in MayPublished Fri, Jun 5, 2026 · 10:47 AM[SYDNEY] China has surged past Japan to...
