News

DBS COO’s most important tip for AI transformation: Lead with ‘why’
In executing the bank’s artificial intelligence strategy, Derrick Goh sees his role as a ‘midfielder’The strategies and stories that shape today’s leaders[SINGAPORE] Derrick Goh, DBS’ first-ever group chief operating...
AEM, UMS lead chip and tech surge in Singapore as AI trade confidence returns
[SINGAPORE] Chip stocks in Singapore mirrored global gains as confidence returned to the artificial intelligence trade, with counters such as AEM and UMS Integration being the biggest beneficiaries. AEM...
Stocks to watch: Jardine Matheson, Great Eastern, Hongkong Land, JC&C, MPACT, Seatrium, FLCT
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jul 31): Jardine Matheson : The multinational company on Thursday reported 9 per...
Anthropic’s AI models hacked three organisations during tests
Published Fri, Jul 31, 2026 · 07:58 AM[WASHINGTON] Anthropic announced that its artificial intelligence models had breached three different organisations during cybersecurity tests that went awry, a little more...
Apple revenue forecast lags Wall Street targets as iPhone maker struggles with supply chain
[SAN FRANCISCO] Apple forecast sales for the current quarter ending in September would grow more slowly than Wall Street targeted as the iPhone maker struggled to get the parts it...
US stocks: Wall Street ends sharply higher, lifted by soaring Microsoft
Published Fri, Jul 31, 2026 · 05:51 AMWALL Street ended sharply higher on Thursday (Jul 30), with chip stocks jumping and Microsoft logging its biggest daily percentage gain in 18 years...
BP to cut 700 jobs as it simplifies company, internal email shows
BP wants to simplify its operations to reduce debt, boost profit and refocus on its oil and gas businessesPublished Thu, Jul 30, 2026 · 10:19 PM[LONDON] BP plans to...
Wall St opens higher as Microsoft’s results temper some AI jitters
Published Thu, Jul 30, 2026 · 09:44 PM[NEW YORK] US stocks opened higher on Thursday (Jul 30) as Microsoft’s forecast-beating results soothed investor concerns about massive AI spending by...
Private car population falls to lowest since 2019 as rental car numbers hit record high
[SINGAPORE] The number of private cars in Singapore is at its lowest since 2019, at 516,237 units. Rental cars, in contrast, have hit a record of 97,567 units.This comes as high car prices nudge...
BOJ to stand pat with Ueda back in spotlight
All 52 economists surveyed by Bloomberg forecast the BOJ will hold its benchmark rate steadyPublished Thu, Jul 30, 2026 · 07:18 PM[TOKYO] The Bank of Japan is expected to...
MPACT reports 2.5% lower Q1 DPU of S$0.0196 amid overseas headwinds
[SINGAPORE] Mapletree Pan Asia Commercial Trust’s (MPACT) distribution per unit (DPU) fell by 2.5 per cent to S$0.0196 for its first quarter ended Jun 30, from S$0.0201 in the...
Bursa Malaysia raises IPO goals after strong first-half earnings
Net profit climbs 15.2% as the exchange dominates Asean IPOs with 36 new listings[KUALA LUMPUR] Bursa Malaysia has raised its 2026 initial public offering (IPO) market capitalisation target by...