News
DBS Q1 profit falls 2% to S$2.9 billion; pays S$0.75 per share in dividends
[SINGAPORE] DBS’ net profit for its first quarter fell due to higher tax expenses from the implementation of the 15 per cent global minimum tax, it said on Thursday...
US: Stocks end higher on Wednesday as Fed meeting holds no surprises
Published Thu, May 8, 2025 · 06:09 AM[NEW YORK] Wall Street stocks finished higher on Wednesday following a choppy session as the Federal Reserve kept interest rates unchanged, while Google-parent Alphabet...
US Fed leaves interest rates unchanged, cites rising risk of higher inflation and unemployment
[WASHINGTON] The Federal Reserve held interest rates steady on Wednesday but said the risks of higher inflation and unemployment had risen, further clouding the economic outlook as the US central...
Isetan Tampines to shutter in Nov 2025
[SINGAPORE] Department store operator Isetan Singapore will close its outlet at Tampines Mall in November 2025, it announced on Tuesday (May 6).
Speaking to The Straits Times, a company spokesperson...
Lendlease Global Commercial Reit posts 10.4% retail rental reversion for Q3 FY2025
[SINGAPORE] Lendlease Global Commercial Real Estate Investment Trust (LReit) on Wednesday (May 7) posted a positive retail rental reversion of 10.4 per cent for the third quarter ended Mar...
Novo Nordisk latest drugmaker to drop gender goals in US
This follows executive orders by President Donald Trump to stop diversity, equity and inclusion initiativesPublished Wed, May 7, 2025 · 06:55 PM[COPENHAGEN] Obesity drugmaker Novo Nordisk said on Wednesday...
Geely plans bid to take Zeekr private at value of US$6.4 billion
The proposal would see Geely buy all shares in US-listed Zeekr Intelligent Technology Holding that it does not already own for US$2.566 per sharePublished Wed, May 7, 2025 ·...
Volvo Cars to cut 5% of jobs at South Carolina plant as tariffs bite
The changes would affect about 125 of the 2,500 employees at its factory in South CarolinaPublished Wed, May 7, 2025 · 06:31 PM[STOCKHOLM] Volvo Cars said on Wednesday (May...
Singapore stocks track regional gains on Wednesday; STI up 0.1%
[SINGAPORE] Local stocks ended higher on Wednesday (May 7), tracking gains in the region.The benchmark Straits Times Index (STI) gained 0.1 per cent or 4.96 points to 3,865.37. Across...
Singapore’s aviation sector a ‘bright spot’ as air passenger traffic hits record 68.4 million: Chee Hong Tat
[SINGAPORE] With air passenger traffic reaching an all-time high of 68.4 million for the year ended March 2025, the Republic’s aviation industry remains a bright spot amid global turbulence...
New Singapore GasCo entity to centralise gas procurement; ex-Pavilion Energy chief Alan Heng to lead outfit
[SINGAPORE] Singapore has established a new government-owned entity to centralise natural gas procurement, and has appointed Alan Heng, who previously led gas trader Pavilion Energy, as its chief executive.The...
