News
DBS’ Tan Su Shan ranked sixth in Fortune’s list of the most powerful women in business
[SINGAPORE] Tan Su Shan, chief executive officer of DBS, has been named the sixth most powerful woman in business in Fortune magazine’s 2025 100 Most Powerful Women in Business...
Pulses may offer solutions to broken, outdated global food system: Temasek
[SINGAPORE] Pulses, or edible plant seeds such as chickpeas and lentils, could be the transformative answer to a global food system that is under severe strain. However, while demand...
Microsoft-backed Builder.ai set for bankruptcy after cash seized
[LONDON] Builder.ai, the British artificial intelligence startup backed by Microsoft and the Qatar Investment Authority, is filing for bankruptcy after the chief executive officer said a major creditor had...
TikTok Shop US Employees told to work from home as layoffs loom
[SEATTLE] TikTok told US e-commerce staff to work from home on Wednesday (May 21) while awaiting emails regarding “difficult decisions,” suggesting the social media company is preparing to cut...
CATL’s 1.8-billion euro German plant boosts China’s invest-abroad bet
[SINGAPORE/BERLIN] More than two years ago on the outskirts of a medieval German town, China’s biggest EV battery company placed a 1.8-billion euro (S$2.6 billion) bet on the future...
Britain’s M&S says cyberattack to cost US$400 million
[LONDON] British retailer Marks & Spencer said on Wednesday (May 21) a “highly sophisticated cyber” attack would cost it about US$403 million in operating profit, with disruption set to...
Covid-19 testing demand surges as cases spike across Asia
Phase Scientific has developed the world’s first urine-based human papillomavirus test, and is planning to expand that business globallyPublished Wed, May 21, 2025 · 01:56 PM[BEIJING] Demand for Covid-19...
Nvidia says US export controls on AI chips to China were ‘a failure’
The world’s second-largest economy to invest aggressively to develop a supply chain that does not rely on manufacturers outside the countryPublished Wed, May 21, 2025 · 12:02 PM[TAIPEI] US...
Vietnam approves establishment of Sun PhuQuoc Airways
Published Wed, May 21, 2025 · 10:37 AM[HANOI] Vietnam’s Prime Minister, Pham Minh Chinh, has approved the establishment of a new airline, Sun PhuQuoc Airways, the official Vietnam News...
WhatsApp had no plans to vie with Facebook, co-founder says
[DENVER] WhatsApp co-founder Brian Acton said that his messaging company had no plans to build social networking features to compete with Facebook before he sold the company to Mark...
SingPost names Teo Swee Lian as chairman-designate
[SINGAPORE] Singapore Post (SingPost) appointed Teo Swee Lian, 65, as chairman-designate and non-independent non-executive director with effect from Wednesday (May 21). She will also be appointed as an additional...
Stocks to watch: CapitaLand Investment, CDL, SingPost, SIA Engineering, Delfi, SLB, Dasin Retail Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (May 21). CapitaLand Investment (CLI): The global real asset manager on Wednesday announced...