News
Indonesia discussing plan for merger of Grab and GoTo: official
[JAKARTA] Indonesia is discussing a possible merger or acquisition between ride-hailing and food delivery firm Grab and its rival GoTo, the presidential spokesperson said on Friday (Nov 7).The government...
Some Nexperia chip shipments resume as Germany welcomes ‘de-escalation’
[BERLIN/TOKYO] Semiconductor maker Nexperia has resumed some shipments of its vital chips, auto executives said on Friday (Nov 7), with Germany welcoming signs of de-escalation in a fight for...
Full ride-hailing licences being evaluated for Trans-Cab, Geolah beyond 2025: LTA
[SINGAPORE] With just under two months left on their one-year provisional permits to offer ride-hailing services, Trans-Cab and Geolah’s eligibility for full ride-hailing licences is being evaluated, the Land Transport...
Ikea profit falls 26% to 1.7 billion euros as US tariffs fuel costs
Overall sales from the company’s stores across 63 markets around the world fall for a second year in a row[LONDON] Sweden’s Inter Ikea, which supplies furniture to Ikea stores...
UMS Q3 earnings rise 1% to S$10.5 million, announces 1-for-4 bonus issue
[SINGAPORE] UMS Integration on Friday (Nov 7) reported a 1 per cent year-on-year rise in net profit to S$10.5 million for the third quarter ended Sep 30, on the...
Boustead bags design-and-build deal for semiconductor facility
The contract comprises additions and alterations works to reconfigure an existing chip material manufacturing plant[SINGAPORE] Boustead announced that its engineering and construction business has won a design-and-build contract comprising...
Netherlands ready to drop Nexperia control if China chip exports resume: sources
[AMSTERDAM] The Netherlands is prepared to suspend a so-called ministerial order that gave it control over Chinese-owned chipmaker Nexperia in a move that would de-escalate a fight with Beijing...
British Airways-owner IAG third-quarter profit inline with expectations
[LONDON] British Airways-owner IAG on Friday (Nov 7) reported a slight increase in operating profit for the third quarter, largely in line with estimates, but highlighted continuing weakness in...
Gold gains on softer dollar, increasing bets of Fed rate cut
GOLD rose on Friday as the dollar slid after private-sector job reports indicated weakness in the US labour market increasing expectations of another Federal Reserve interest rate cut, while a...
Singtel shares surge 5.1% to new high on Bharti Airtel sale, talks for data centre deal
In a bourse filing on Friday morning, Singtel acknowledges that it is in talks about STT GDC as part of a consortium[SINGAPORE] Shares of Singtel surged as much as...
