News
iFast Q3 net profit rises 54.7% to S$26 million on overall revenue growth
[SINGAPORE] Digital bank and wealth management platform iFast posted a 54.7 per cent rise in net profit to S$26 million for its third quarter ended Sep 30, from S$16.8...
MAS proposes more measures for investors to seek civil compensation from market misconduct
Proposals aim to facilitate self-organisation, provide access to funding and reduce legal barriers to civil action[SINGAPORE] The Monetary Authority of Singapore (MAS) is looking to enhance investors’ ability to...
JPMorgan to allow Bitcoin and Ether as collateral in crypto push
JPMORGAN Chase & Co plans to allow institutional clients to use their holdings of Bitcoin and Ether as collateral for loans by the end of the year, in a...
Wee Hur shares up 3.4% after property arm named top bidder of Upper Thomson condo site
[SINGAPORE] Shares of Wee Hur jumped 3.4 per cent around midday on Friday (Oct 24) following the news of the group’s property arm and its controlling shareholder GSC Holdings...
Hao Mart sues PropNex unit, agent for more than S$3.5 million over Taste Orchard lease
Defendants say they represent landlord OG, and owe no obligation to the claimant to act in its best interests[SINGAPORE] Supermarket chain Hao Mart has filed a lawsuit against a...
EV truck maker Rivian is laying off hundreds amid a slowdown in demand
The electric truck and SUV company Rivian will lay off hundreds of employees in an attempt to save cash as federal support for electric vehicle adoption wanes under the...
Indonesia launches 6 billion yuan dim sum bond, to be listed on SGX
The bond offers yields of 2.5% on five-year notes and 2.9% on the 10-year tranche[SINGAPORE] Indonesia has launched its debut offshore renminbi-denominated, or dim sum, bond, raising six billion...
Contributor: The web is awash in AI slop. Real content is for subscribers only, and democracy suffers
Princess Diana stumbling through a parkour park. Team USA taking gold at the Bong Olympics. Tank Man breakdancing in Tiananmen Square. Kurt Cobain playing pogs. Tupac Shakur seeking poutine...
South Korea keeps rates on hold but surprises with nod to further cuts
[SEOUL] South Korea’s central bank kept policy interest rates unchanged on Thursday (Oct 23), wary of worsening an overheating housing market and a declining currency, but left the door...
Meta is cutting 600 jobs in its AI division
Meta is slashing roughly 600 jobs in its artificial intelligence unit as the tech giant aims to move faster to compete with its rivals.The company declined to comment on...
