News
Wing Tai Properties sells entire equity interest in Topworth Enterprises for £43 million
[SINGAPORE] Wing Tai Properties announced on Monday (Jun 23) that its indirect wholly owned Europe subsidiary had sold British Virgin Islands-incorporated Topworth Enterprises for £43 million (S$74.5 million) last...
UBS downgrades Thai stocks to neutral as political woes weigh
Published Mon, Jun 23, 2025 · 12:01 PM[SINGAPORE] UBS Group strategists downgraded Thai stocks to neutral from overweight, citing recent political uncertainty which could impact policy direction and investor...
Cordlife to hold townhalls for affected clients of damaged and high-risk tanks in Singapore
[SINGAPORE] Private cord-blood bank Cordlife announced on Monday (Jun 23) that it will begin holding a series of in-person and online townhalls this week with affected customers from the...
Air India crash risks fuelling up to 30% jump in insurance premiums
The airline’s fleet is insured for about US$20 billion in total, with an annual premium near US$30 million, according to data from PolicybazaarPublished Mon, Jun 23, 2025 · 09:49...
US urges China to dissuade Iran from closing Strait of Hormuz
Published Mon, Jun 23, 2025 · 09:02 AM[WASHINGTON] US Secretary of State Marco Rubio on Sunday (Jun 22) called on China to encourage Iran not to shut down the...
Oil prices surge more than 4% in early Asian trade
Published Mon, Jun 23, 2025 · 08:14 AM[TOKYO] Oil prices surged in early trade on Monday, after the United States joined Israel’s campaign against Tehran’s atomic programme by bombing...
Cybersecurity firm Trend Micro bets on AI to offset US tariff woes
[SINGAPORE] The Trump administration’s policies have cast a shadow over Japanese cybersecurity firm Trend Micro, contributing to a slowdown in its first-quarter revenue, but the company believes that artificial...
AI and additive manufacturing – a game changer for Mencast Marine
[SINGAPORE] After more than four decades as Singapore’s sole propeller designer, manufacturer and repairer, Mencast Marine took the ambitious step to inject artificial intelligence (AI) and additive manufacturing into...
Britain to cut companies’ energy bills in new industrial strategy
[LONDON] Britain will aim to cut the electricity bills of thousands of companies under a new industrial strategy to be published on Monday, heeding calls from business to lower...
US Federal Reserve’s Daly says employment, inflation risks roughly in balance
Officials see slower economic growth, higher inflation and rising unemployment, and hold divided views on the outlook for interest rates, according to their latest projectionsPublished Mon, Jun 23, 2025...
Hong Kong stock rally shakes up investor playbook for China
Wall Street entered 2025 with bullish bets on onshore Chinese stocks, counting on Beijing’s stimulus drive to cushion the blow from US tariffs. Six months in, they couldn’t have...
Despite softer retail outlook, most S-Reits with Singapore retail assets record double-digit positive rent reversions
[SINGAPORE] Seven Singapore-listed real estate investment trusts (S-Reits) with local retail assets have recorded improvements in revenue and net property income (NPI), supported by improved operating metrics, positive rental...