Entrepreneurship
Sats Q2 net profit up 13.3% to S$78.9 million as clients front-load orders ahead of US tariffs
The group declares an interim dividend of S$0.02 per share, higher than S$0.015 a year ago[SINGAPORE] In-flight caterer and ground handler Sats on Thursday (Nov 13) announced a Q2...
Apple and Tencent agree to 15% fee on WeChat mini game purchases
[HONG KONG] Tencent Holdings has agreed a deal with Apple that will see the iPhone maker handle payments and take a 15 per cent cut of purchases in WeChat...
1MDB drops JPMorgan, Coutts from US$1.1b lawsuit
[KUALA LUMPUR] Malaysia state firm 1MDB dropped its court action against JPMorgan and Coutts, The Edge reported.The two banks were part of Malaysia’s lawsuit first filed in 2021, which...
Pfizer looks to sell stake in pandemic vaccine partner BioNTech
[NEW YORK] Pfizer is looking to sell its remaining stake in Covid-19 vaccine partner BioNTech, a remnant from one of the pandemic’s most lucrative collaborations. The US drugmaker is...
LTA greenlights autonomous vehicle testing by WeRide, Grab in Punggol ahead of AV shuttle service’s public launch
An autonomous ride service operated by both companies is expected to take public passengers in Punggol by early 2026 [SINGAPORE] The Land Transport Authority (LTA) has granted approval to...
Hapag-Lloyd’s nine-month profit drops 50% as shipping market volatility persists
Security risks and US policy shifts unsettle demand and freight rates, hurting shipping profits[FRANKFURT] German container shipping firm Hapag-Lloyd on Thursday (Nov 13) posted a 50 per cent drop...
Alibaba prepares major revamp of flagship AI app to rival ChatGPT
[SHANGHAI] Alibaba Group Holding is preparing an overhaul of its main mobile AI app in coming months to help it more closely resemble OpenAI’s ChatGPT, a key step in...
Singapore’s bonds set to gain on tighter supply, more liquidity: Barclays
[SINGAPORE] Singapore’s government bonds may see elevated demand through the end of the year, according to Barclays Plc.Yields on the island nation’s 10-year sovereign debt have fallen by around...
Asia: Stocks stutter with focus on Fed, tech after US reopen vote
ASIAN markets trod water on Thursday as euphoria over the end of a record US government shutdown petered, with focus back on Federal Reserve interest rates and tech bubble...
Shares of JB Foods, Food Empire soar on positive earnings
[SINGAPORE] Shares of food exporters in Singapore JB Foods and Food Empire on Thursday (Nov 13) jumped significantly in early trade following their positive financial results. JB Foods shares’...
