Entrepreneurship
Meta offered US$100 million bonuses to poach OpenAI employees: CEO Altman
[NEW YORK] Meta offered US$100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker’s talent and strengthen its own generative AI teams, the startup’s...
Indonesia antitrust agency gives ‘conditional’ go-ahead for TikTok’s Tokopedia takeover
The agency will continue to monitor whether the requirements are being implemented until June 17, 2027Published Wed, Jun 18, 2025 · 05:14 PM[JAKARTA] Indonesia’s antitrust agency has given its...
Defence, oil and other names: Analysts look at ways to invest amid Israel-Iran conflict
[SINGAPORE] Recent attacks between Israel and Iran have caused investors to mull over where to place their bets next, especially with defence names rallying, as well as gold and...
China’s rare earth exports slump in May as magnet sales curbed
The data for last month shows the extent to which export controls in place since early April had curbed shipmentsPublished Wed, Jun 18, 2025 · 03:29 PM[BEIJING] China’s exports...
JD.com billionaire unveils turnaround plan after five-year slump
[BEIJING] JD.com founder Richard Liu vowed to speed up an overseas foray and compete with Meituan in new arenas from food delivery to travel, describing his boldest attempt yet...
China car trade-in subsidy halted in some areas as funds run low
[HONG KONG] China’s trade-in subsidy to boost sales of electric and fuel-efficient vehicles has been suspended in key cities across at least six provinces as funds run short and...
SIA flights from Changi Airport to Bali among dozens cancelled after Indonesia volcano eruption
[JAKARTA] At least two dozen flights to and from the Indonesian resort island of Bali, including Singapore Airlines flights from Changi Airport, have been cancelled after a volcano in...
Morgan Stanley’s top Asia banker targets US$10 billion in revenue
[HONG KONG] Last month, as the US-China trade war heated up, Morgan Stanley’s co-president Dan Simkowitz made a discreet visit to Beijing. It was the first time a senior...
Gold steady as Middle East tensions rise, Fed decision on tap
[BENGALURU] Gold prices held steady on Wednesday (Jun 18), as escalating tensions between Israel and Iran entered their sixth day, while a stronger US dollar capped gains ahead of...
Fed to hold rates steady again as officials wait for more clarity on economy
[HOUSTON] US Federal Reserve officials are widely expected to leave interest rates unchanged for a fourth straight meeting on Wednesday (Jun 18), reiterating they want more clarity on the...
