News

Oil prices settle down at lowest in a month as US seeks Russia-Ukraine peace deal
[NEW YORK] Oil prices eased about 1 per cent on Friday (Nov 21) to settle at one-month lows as the US pushed for a Russia-Ukraine peace deal that could...
Infinity Development aims to raise net proceeds of S$11.1 million in Catalist IPO
The adhesive manufacturer will use the bulk of the net proceeds, or S$6.2 million, towards expanding in overseas markets[SINGAPORE] Hong Kong-based adhesive manufacturer Infinity Development is looking to raise...
Ex-Lloyd’s CEO lost US$17 million AIG job after office romance
[WASHINGTON] American International Group’s announcement last week that it was parting ways with incoming President John Neal stunned insurance industry observers and raised questions about what caused the veteran...
Jardine Matheson’s Q3 performance ‘in line with expectations’
[SINGAPORE] Hong Kong-based conglomerate Jardine Matheson said in a bourse filing on Friday (Nov 21) that its performance for the third quarter of 2025 was “in line with expectations...
VinFast’s quarterly loss widens on hefty spending
The company signed two loan facilities during the quarter, totaling US$250 millionPublished Fri, Nov 21, 2025 · 07:43 PM — Updated Fri, Nov 21, 2025 · 08:20 PM[HANOI] Vietnam’s...
Is AI making some people delusional? Families and experts are worried
Generative artificial intelligence has quickly permeated much of what we do online, proving helpful for many. But for a small minority of the hundreds of millions of people who...
Singapore stocks track regional declines on Friday; STI down 1%
On the STI, Sembcorp Industries is the biggest loser, falling 3.6% or S$0.23 to S$6.08[SINGAPORE] Local stocks ended lower on Friday (Nov 21), tracking declines in the region.The benchmark...
Asia tech rout resumes as stocks slide on AI valuation fears
ASIA’S tech-heavy markets slumped as sell-offs in sector leaders resumed on mounting concerns over stretched artificial intelligence (AI)-related valuations.South Korea’s Kospi index fell 3.8 per cent on Friday (Nov...
Intel CEO Tan Lip-Bu denies claims new hire stole TSMC trade secrets
The executive is alleged to have taken proprietary knowhow from his former employer just before his departure[SAN FRANCISCO] Intel chief executive officer Tan Lip-Bu dismissed reports about a new...
Maybank Q3 profit up 3.3% at RM2.62 billion
[SINGAPORE] Maybank’s net profit for the third quarter ended Sep 30 rose 3.3 per cent to RM2.62 billion (S$828 million), from RM2.54 billion in the same period a year...
US accuses four of smuggling advanced Nvidia chips to China
The Commerce Department has barred all the chips involved from export to the Asian nation[FLORIDA] Federal prosecutors charged two Chinese nationals and two US citizens with a scheme to...
Foxconn can make 1,000 AI racks a week, to increase next year, chairman says
The company has been expanding beyond electronics into electric vehicles and AI data centres[TAIPEI] Foxconn chairman Liu Young said on Friday (Nov 21) that the company now had the...