News
Tesla not keen on local production in India, minister says
Published Mon, Jun 2, 2025 · 04:20 PM[NEW DELHI] Tesla does not want to produce cars in India, a federal minister said on Monday (Jun 2), while adding that...
Azeus Systems shares surge 16.6% as earnings, dividends double
[SINGAPORE] Shares of Azeus Systems jumped as much as 16.6 per cent on Monday (Jun 2), after the company reported a surge in net profits.
The counter hit a...
Citigroup names Bank of America veteran Zhang as new China country head
Published Mon, Jun 2, 2025 · 01:50 PM[HONG KONG] Citigroup said on Monday (Jun 2) that it had appointed Zhang Wenjie as its new country officer and banking head...
ECB expected to cut rates again as Trump trade war rumbles on
[FRANKFURT] The European Central Bank (ECB) is expected to deliver its seventh-straight interest rate cut this week as US President Donald Trump’s volatile trade policies add to headwinds for...
Bank of Korea’s Rhee says US-China trade talks important for Asia
[SEOUL] Bank of Korea (BOK) governor Rhee Chang-yong said the outcome of trade negotiations between the US and China will have an impact on all of Asia’s economies, highlighting...
Grand Venture Tech shares up 11.9% on paused Malaysian listing amid potential share offer
None of the directors or substantial holders of GVT or their associates have interest in the matter[SINGAPORE] Grand Venture Technology (GVT) shares soared on Monday (Jun 2) morning after...
Grab makes move to enter motor insurance market in Singapore
[SINGAPORE] GrabInsure, the insurance arm of the Grab group, is gearing up to enter Singapore’s motor insurance market.Some industry insiders said the move could deal a blow to the...
Stamford Land H2 profit falls 14.2% to S$17.6 million on lower contributions from property development segment
[SINGAPORE] Property company Stamford Land reported a 14.2 per cent fall in net profit to S$17.6 million for its second half ended March, from S$20.6 million in the year-ago...
Thailand’s stalled cash handout scheme sours voters on ruling party
[BANGKOK] Rungthiwa Pimphanit waited months for a long-promised cash handout of 10,000 baht (S$395) from Thailand’s ruling party, which she backed in 2023 elections, but now the scheme to...
Stocks to watch: Grand Venture, Tung Lok, DFI, Olam, Stamford Land, Boustead, Wee Hur, OKP
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 2).Grand Venture Technology: The semiconductor company on Sunday said it had paused...
AI demand drives chip equipment sales forecast to new highs but tariff jitters cloud outlook
[SINGAPORE] Fuelled by the explosive demand for artificial intelligence (AI), global semiconductor manufacturing is poised for growth, with equipment sales projected to hit a record US$121 billion this year...
