News

US: Nasdaq ends six-day streak of records
July 22, 2025
Published Wed, Jul 23, 2025 · 06:13 AM[NEW YORK] The Nasdaq retreated from a record Tuesday on a mixed day for stocks as markets looked ahead to upcoming earnings reports from...
Commentary: 3 things that should scare us about Trump’s fake video of Obama
July 22, 2025
On Sunday, our thoughtful and reserved president reposted on his Truth Social site a video generated by artificial intelligence that falsely showed former President Obama being arrested and imprisoned....
SingPost divests freight forwarding business Famous Holdings for S$177.9 million
July 22, 2025
Sale results in estimated realised gain on disposal of S$10.5 million and about S$104 million in cash[SINGAPORE] Singapore Post (SingPost) has divested its entire freight forwarding business, Famous Holdings,...
DFI Retail Group posts 38.9% rise in H1 underlying profit
July 22, 2025
[SINGAPORE] Supermarket and retail store operator DFI Retail Group’s underlying profit rose 38.9 per cent to US$105 million for the first half ended Jun 30, from US$75.6 million in...
SPH Media lays off 11 workers with decommissioning of old printing presses
July 22, 2025
[SINGAPORE] SPH Media will lay off 11 production workers, following the decommissioning of two of the company’s 30-year-old printing presses which have reached the end of their operational lifespan. SPH...
SIA Engineering Q1 net profit rises 29.2% to S$42.9 million on strong MRO demand
July 22, 2025
[SINGAPORE] Aircraft maintenance provider SIA Engineering Company (SIAEC) on Tuesday (Jul 22) reported a net profit of S$42.9 million for the first quarter ended Jun 30, up 29.2 per...
STI ends Tuesday flat as regional indices close mixed
July 22, 2025
[SINGAPORE] The Straits Times Index (STI) closed flat on Tuesday (Jul 22), as regional indices showed mixed performances. The STI closed up 0.03 per cent or 1.13 points to...
Aoxin Q&M Dental CEO resigns as whistle-blower report lodged
July 22, 2025
The company cites ‘differences in views and opinions’ with parent Q&M Dental regarding the direction of the dental business as the reason for Dr Shao Yongxin leaving[SINGAPORE] Catalist-listed Aoxin...
Julius Baer’s first-half profit falls 35% on loan provisions, Brazil unit sale
July 22, 2025
Published Tue, Jul 22, 2025 · 03:03 PM[BERN] Swiss bank Julius Baer posted a first-half profit of 295 million francs (S$473.5 million) on Tuesday (Jul 22), down 35 per...
Indonesia plans US$8 billion refineries contract with US firm amid tariffs deal: sources
July 22, 2025
[JAKARTA] Indonesian sovereign wealth fund Danantara plans to sign a US$8 billion engineering, procurement and construction contract with US engineering firm KBR to build 17 modular refineries, according to...
Timing of JS-SEZ a lot more promising than some previous attempts: CIMB
July 22, 2025
[KUALA LUMPUR] The timing of the Johor-Singapore Special Economic Zone (JS-SEZ) is “a lot more conducive” today than some of the previous attempts to do something similar, said Chu...
Australia central bank wary of cutting rates too quickly, prudent to await more data
July 22, 2025
[SYDNEY] Australia’s central bank judged lowering interest rates for a third time within four meetings was not consistent with its strategy of easing in a cautious and gradual manner,...