News
Chagee, Mixue, Scarlett, Xiang Xiang: Expanding in Singapore’s cut-throat F&B business
Even industry leaders such as Eggslut and Haidilao have been forced to exit or dial back expansion plans[SINGAPORE] In 2025, eateries have shut down faster than you can say...
Grok spews misinformation about deadly Australia shooting
ELON Musk’s AI chatbot Grok churned out misinformation about Australia’s Bondi Beach mass shooting, misidentifying a key figure who saved lives and falsely claiming that a victim staged his injuries, researchers...
Oil settles near five-year low amid ample supply, Russia-Ukraine progress
[DENVER] Oil futures settled at their lowest level since February 2021 on Tuesday amid ongoing jitters surrounding oversupply and as the prospect of a Russia-Ukraine peace deal appeared to strengthen,...
US stocks ends mixed after paring earlier losses
WALL Street’s main indexes pared some losses on Tuesday afternoon with the Nasdaq closing up, and the S&P 500 and the Dow closing lower, impacted by declines in healthcare...
Property tycoon Gordon Tang to acquire Suntec Reit manager
Tang and his affiliates currently own 35.7% of Suntec Reit, while the Reit manager ESR Trust Management (Suntec) owns 10.8%[SINGAPORE] Acrophyte Asset Management, controlled by property tycoon Gordon Tang,...
Pfizer forecasts 2026 profit below expectations on lower Covid product sales
Pfizer has rolled out a sweeping cost reduction programme in response to the drop in Covid-19 sales[WASHINGTON] Pfizer on Tuesday (Dec 16) forecast 2026 profit below Wall Street estimates...
Samudera Shipping unit, Imoto Corporation enter JV to set up shipping company in Japan
Blue Ocean Shipping will be headquartered in Kobe and is expected to begin operations in the first half of 2026 [SINGAPORE] A subsidiary of container shipping group Samudera Shipping...
Keppel divests remaining interests in two Singapore data centres for S$50.5 million to Keppel DC Reit
[SINGAPORE] Asset manager Keppel announced on Tuesday (Dec 16) that its connectivity division has agreed to sell its stakes in two data centres for a total cash consideration of...
Manulife US Reit unitholders agree to strategic pivot into non-office sectors
The shareholders approve two resolutions to support the Reit’s ‘Growth and Value Up’ plan[SINGAPORE] Unitholders of Manulife US Reit (MUST) have approved a broadened investment mandate for the real...
TotalEnergies wins 21-year deal to power Google data centres in Malaysia
The power supply contract is expected to take effect in the first quarter of next year[KUALA LUMPUR] France’s TotalEnergies said on Tuesday (Dec 16) it had signed a 21-year...
