Business News

A $100 bln semiconductor firm leaves Singapore for U.S.

U.S. President Donald Trump said semiconductor company Broadcom will relocate its headquarters to the U.S. from Singapore.

Nov 3, 2017

By Aastha Agnihotri

mm2 Asia posts over two-fold rise in quarterly profit

Media content provider mm2 Asia on Friday said net profit more-than-doubled in the second quarter, boosted by growth at its events production and concert promotion business.

Nov 3, 2017

By Aastha Agnihotri

Manulife U.S. REIT quarterly DPU beats projection, shares rise

Manulife U.S. Real Estate Investment Trust on Friday reported a better-than-expected quarterly distribution per share (DPU), powered by higher net property income and lower interest costs.

Nov 3, 2017

By Aastha Agnihotri

5 things you need to know about United Overseas Bank results

Singapore's smallest listed lender United Overseas Bank (UOB) on Friday reported a 12 percent increase in its third-quarter net profit.

Nov 3, 2017

By Aastha Agnihotri

Indian shares subdued; Pharma stocks top gainers

India shares edged little changed on Thursday, tracking gains in other Asian equities but selling pressure in autos and metals kept gains in check .

Nov 2, 2017

By Aastha Agnihotri

United Overseas Bank says Chairman Hsieh to retire next year

United Overseas Bank on Thursday said its Chairman Hsieh Fu Hua will retire next year and that the board has nominated independent director Wong Kan Seng to take over the position.

Nov 2, 2017

By Aastha Agnihotri

SembCorp signs long-term power supply deal with Myanmar

Sembcorp Industries third-quarter profit drops as costs rise

Utility services provider Sembcorp Industries on Thursday said net profit fell 37.7 percent in the third-quarter, hurt by weak performance of its marine business and higher finance costs.

Nov 2, 2017

By Aastha Agnihotri

StarHub takes 9% stake in mm2 Asia to drive pay TV offerings in Singapore

StarHub quarterly profit drops as mobile subscriber base dwindles

Telecoms service provider StarHub on Thursday reported an 11.5 percent fall in third-quarter net profit, hurt by lower revenues from voice, broadband and pay TV services.

Nov 2, 2017

By Aastha Agnihotri

The five craziest bids for Amazons new HQ

Amazon has received 238 proposals from cities to set-up its second headquarters location. Here are some of the most creative bids Amazon received.

Nov 2, 2017

By Staff Reporter

Singapore shares fall as lenders drag; StarHub earnings in focus

Singapore stocks fell on Thursday, dragged lower by lenders such as DBS and OCBC Bank amidst caution ahead of a U.S. tax bill from Republicans later in the day.

Nov 2, 2017

By Aastha Agnihotri

Indian shares advance in line with Asia on Fed optimism

India shares edged higher on Thursday, tracking gains in other Asian equities following an optimistic appraisal of economic conditions by the U.S. Federal Reserve.

Nov 2, 2017

By Aastha Agnihotri

Visa gives green light to Monaco cryptocurrency card for Singapore users

Visa Inc has approved a prepaid card backed by the cryptocurrency Monaco, in an effort to increase its hold in the digital currencies space.

Nov 2, 2017

By Aastha Agnihotri

SGX falls as lenders drift lower; mm2 Asia down about 3%

Singapore stocks fell on Thursday, dragged lower by lenders such as DBS and OCBC Bank amidst caution ahead of a U.S. tax bill from Republicans later in the day.

Nov 2, 2017

By Aastha Agnihotri

Facebook, Google and Twitter have circulated some of the most outrageous fake news

Since Donald Trumps 2016 presidential election campaign trail, fake news has been thrust into the spotlight. Tech companies such as Facebook, Google and Twitter have come under scrutiny for failing to stop the circulation of fake news. On 31 October, representatives from these three tech companies are testifying on Capitol Hill for the Russian-tie investigation for the 2016 Presidential Election Campaign.

Nov 2, 2017

By Staff Reporter

Fake news Facebook

Singapore Airlines temporarily shuts down Jakarta ticketing office

Singapore Airlines tries to woo elite travelers with new suites upgrades

Singapore Airlines upgraded its first class suites meant for the most premiere of its customers, as part of an $850 million product investment to fend off competition from Middle Eastern rivals.

Nov 2, 2017

By Aastha Agnihotri

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