News

China’s delivery price war starts to cool after regulatory probe
Published Tue, Feb 3, 2026 · 01:46 PMMAJOR restaurant and beverage chains in China, including KFC and Cotti Coffee, are raising prices and cutting back subsidies on food delivery...
Chinese energy drink maker Eastroc fails to pop in subdued Hong Kong debut
It makes functional beverages, which are drinks formulated with added ingredients such as electrolytes or vitaminsPublished Tue, Feb 3, 2026 · 01:09 PM — Updated Tue, Feb 3, 2026...
RTX invests S$139 million in Singapore aerospace
[SINGAPORE] American aerospace giant RTX on Tuesday (Feb 3) signed three memoranda of understanding (MOU) with the Singapore Economic Development Board (EDB), committing S$139 million in total investments.These build...
PBOC’s key bank loan rate falls to record low bolstering growth
The new benchmark rate has fallen 10 basis points to 1.4% after the fresh MLF pricing mechanism was introducedPublished Tue, Feb 3, 2026 · 12:17 PMCHINA has let the...
China’s solar power capacity on course to surpass coal this year
Published Tue, Feb 3, 2026 · 11:56 AMCHINA’S solar generating capacity is expected to surpass coal for the first time this year, according to the country’s top electricity industry...
Tesla introduces new Model Y variant in US priced at US$41,990
Published Tue, Feb 3, 2026 · 10:53 AMELECTRIC-VEHICLE maker Tesla introduced a new variant of its Model Y vehicle in the United States priced at US$41,990, the company’s website...
Kore rises 8.3% after H2 results, early resumption of distributions
The manager plans to start with a ‘conservative payout ratio’, which will be raised to a ‘sustainable level aligned with long-term portfolio performance’ [SINGAPORE] Shares of Keppel Pacific Oak...
EU proposals set to limit EV sales from 2035, says campaign group
The EU’s biggest retreat from its green policies in years has met with criticismPublished Tue, Feb 3, 2026 · 08:44 AM[BRUSSELS] Electric vehicles are likely to make up 85...
China bans hidden car door handles in world-first safety policy
Published Tue, Feb 3, 2026 · 07:43 AMCHINA banned concealed door handles on electric vehicles (EVs), the first country in the world to outlaw a design popularised by Tesla...
Palantir jumps after stronger-than-expected sales outlook
Published Tue, Feb 3, 2026 · 06:40 AM[WASHINGTON] Palantir Technologies forecast revenue for fiscal 2026 that significantly exceeded Wall Street expectations, a boost for the data analytics company after...
CVC to sell personal care business FineToday to Bain Capital in 200 billion yen deal: source
The sale comes a few months after FineToday’s second attempt to list on the Tokyo Stock Exchange failed in OctoberPublished Mon, Feb 2, 2026 · 11:12 PM[SINGAPORE] Private equity...
Indonesia coal miners warn of layoffs, economic risks over proposed output cuts
The trims aim to push up the plunging thermal coal prices amid fears of oversupply by the countryPublished Mon, Feb 2, 2026 · 10:21 PM[SINGAPORE] Indonesia’s Coal Mining Association...