News
Adani plans 1.1 trillion rupees of new investments in India growth push
Billionaire Gautam Adani said his group is planning more than 1.1 trillion rupees (S$17 billion) of new investments in India, signalling the conglomerate’s focus on growing in its home...
DBS CEO Piyush Gupta sees job cuts of 4,000 temp staff as AI replaces roles
DBS Group Holdings plans to cut around 4,000 of its contract and temporary staff workforce over the next three years as artificial intelligence increasingly takes on roles carried out...
Singapore Reits need more support in wake of Paragon Reit’s proposed privatisation
Privatisations make sense when trusts have poor liquidity and face constraints in upgrading assetsIF INTEREST rates do not fall much further, equity fund-raising in the Singapore-listed real estate investment...
Trump U-turn on NYC’s congestion pricing programme could dampen ST Engineering sentiment, but limited impact expected
THE Trump administration reversed federal approval for New York City’s congestion pricing programme on Feb 19. Even though ST Engineering’s subsidiary in the US, TransCore, runs the contract, analysts...
Vietnam adds to global steel turmoil with tariffs hitting China
Outside China itself, Vietnam is the biggest single buyer of Chinese steel, and hot-rolled coil is a major export productVIETNAM will impose anti-dumping tariffs on steel from China, following...
Musk’s Starlink races with Chinese rivals to dominate satellite internet
SPACE is about to get more crowded for Elon Musk.The billionaire’s Starlink communications network is facing increasingly stiff challenges to its dominance of high-speed satellite internet, including from a...
From tech to financial services: Layoffs and job cuts in 2025
RETRENCHMENTS and unemployment have been widespread in the first two months of 2025, with job cuts announced across various industries. From tech to retail, media and finance, major companies...
PBOC’s policy flip-flop sows confusion over timing of rate cuts
AT A rare press briefing back in September, China’s central bank chief Pan Gongsheng unveiled a stimulus blitz that spurred optimism for one of the biggest policy shifts in...
Gold steady near record highs amid tariff concerns, inflation data awaited
GOLD prices steadied near an all-time high on Monday (Feb 24), supported by concerns over US President Donald Trump’s tariff plans, while the focus shifted to a key US...
Olam to sell remaining stake in Olam Agri for US$2.6 billion, focuses on IPO of business unit ofi
OLAM is divesting its remaining stake in Olam Agri to Saudi Agricultural and Livestock Investment Company (Salic) for US$2.6 billion. While the board has yet decided on the specific...
