Entrepreneurship
Jack Ma-backed Ant’s profit grew 10% after AI, global expansion
[HONG KONG] Ant Group’s quarterly profit grew 10 per cent after the Chinese digital payments giant bolstered its artificial intelligence capacity via AI models, humanoid robots and health care....
TSMC sues former senior vice-president who joined Intel over trade secrets
The company says Lo had failed to disclose in his exit interview that he was planning to work for Intel[TAIPEI] Taiwan Semiconductor Manufacturing Co (TSMC) sued a former executive...
iFly Sentosa parent sues Simba over equipment ‘trespass’
[SINGAPORE] Skyventure VWT, which provides an indoor skydiving experience through AltitudeX on Sentosa island, has taken telco Simba to court over alleged equipment “trespass”.Skyventure alleges that Simba’s equipment, which...
UK financial sector makes slow progress on preparations for new settlement system
40% of respondents in a survey say they will miss an interim deadline of Dec 31, 2026[LONDON] Four in 10 financial businesses in Britain expect to miss a deadline...
UK’s Domino’s Pizza CEO steps down as strategy shift takes hold
The move comes as the chain broadens its focus beyond core pizzas to drive growth in a tough market[LONDON] Britain’s Domino’s Pizza Group said on Tuesday (Nov 25) that...
Shell agrees to buy 100,000 barrels of petrol from Indonesia’s Pertamina amid shortage
[JAKARTA] Fuel retailer Shell has agreed to buy 100,000 barrels of petrol from Indonesia’s state energy firm Pertamina, the country’s deputy energy minister Yuliot Tanjung said on Tuesday (Nov...
OCBC’s Lion Global Investors launches Singapore’s first physical gold fund
It seeks to track the performance of London Bullion Market Association Gold Price AM [SINGAPORE] OCBC’s Lion Global Investors announced on Tuesday (Nov 25) the launch of the first...
CDL sells 14 billion yen Osaka hotel to Blackstone-managed real estate funds
The proposed divestment aligns with the real estate company’s capital recycling and portfolio optimisation efforts [SINGAPORE] City Developments Limited (CDL) is proposing to divest a hotel in Osaka, Japan,...
Starbucks Malaysia operator sees business rebound after boycotts
The company is also preparing to expand in Nordic countries, where it has the rights to the brand[KUALA LUMPUR] The operator of Starbucks in Malaysia says business is gradually...
Major Indonesia nickel plant cuts output as waste piles up
HPAL producers have also been contending with the higher cost of sulphur, a chemical used to produce acid[SINGAPORE] A majority Chinese-owned plant at Indonesia’s most important nickel site is...
