News
Bank of Korea signals more rate cuts as Trump’s tariffs take shape
BANK of Korea (BOK) governor Rhee Chang-yong signalled more policy easing to come this year as the central bank cut its benchmark interest rate to support an economy jolted...
Australian regulator pushes market operator ASX on fee transparency, competition
AUSTRALIA’S corporate regulator said on Tuesday the country’s stock market operator would be required to publish a comparison of clearing and settlement fees against foreign providers and justify any...
Tesla prepares to deploy long-awaited FSD features in China
TESLA is readying a software update for customers in China to offer driver-assistance capabilities similar to those marketed as Full Self-Driving (FSD) in the US, according to a source...
Apple to hire 20,000 people, invest $500 billion in the U.S. amid Trump tariffs
Apple said Monday it plans to invest $500 billion in the United States, hire 20,000 people and open a new manufacturing factory in Texas over the next four years.“We...
Starbucks cuts 1,100 corporate jobs in bid to speed turnaround
STARBUCKS is eliminating 1,100 corporate jobs in a move aimed at increasing efficiency and quickly enacting changes to revitalise the company.
The cuts represent about 7 per cent of the...
Yangzijiang Financial H2 earnings soars to S$197.3 million
INVESTMENT management firm Yangzijiang Financial reported a net profit of S$197.3 million in the second half ended Dec 31, 2024, an increase of about five times from S$39.3 million...
Apple plans US$500 billion in US investment, 20,000 research jobs in next four years
APPLE said on Monday (Feb 24) it would spend US$500 billion in US investments in the next four years that will include a giant factory in Texas for artificial...
SGX shares climb more than 5% after MAS review group unveils plans to boost stock market
Initiatives include a S$5 billion Equity Market Development Programme to strengthen the fund management ecosystemShares of the Singapore Exchange (SGX) jumped more than 5 per cent on Monday (Feb...
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...
Indonesia launches sovereign wealth fund aiming to hold US$900 billion in assets
A SWEEPING overhaul of how Indonesia runs its powerful state companies will create a multibillion-dollar investment vehicle that could give President Prabowo Subianto a major cache of funds to...
Indonesia launches Danantara investment fund, channelling US$20 billion into 20 strategic projects
[JAKARTA] Indonesia has officially launched the Danantara investment fund on Monday (Feb 24), a high-stakes, multibillion-dollar initiative designed to consolidate the country’s state-owned enterprises (SOEs), while serving as a...
Indonesia launches Danantara investment fund, channels US$20 billion into 20 strategic projects
[JAKARTA] Indonesia launched the Danantara investment fund on Monday (Feb 24), a high-stakes, multi-billion-dollar initiative designed to consolidate the country’s state-owned enterprises (SOEs), while catalysing investment and fuelling the...