CAAS, EDB ink pact with GE Aerospace to co-develop AI and propulsion technologies

CAAS, EDB ink pact with GE Aerospace to co-develop AI and propulsion technologies

GE Aerospace will expand its Singapore presence beyond maintenance, repair and overhaul under a new R&D partnership [SINGAPORE] The Civil Aviation Authority of Singapore (CAAS) and the Economic Development Board (EDB) have signed a memorandum of understanding with GE Aerospace to collaborate on next-generation aviation technologies. These will range from artificial intelligence (AI) to novel…

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ST Engineering to design and develop new satellites in Singapore

ST Engineering to design and develop new satellites in Singapore

These will improve high-speed data transfer, disaster response planning and environmental monitoring [SINGAPORE] ST Engineering will design and develop a constellation of four radar satellites in Singapore, a move set to accelerate the growth of the city-state’s space capabilities and high-tech engineering ecosystem. The company made the announcement on Monday (Feb 2) as part of…

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Australia set for U-turn to rate hike in break from global trend

Australia set for U-turn to rate hike in break from global trend

Published Mon, Feb 2, 2026 · 09:22 AM [SYDNEY] Australia’s central bank faces the uncomfortable prospect of going against the global grain and switching back to raising interest rates this week to douse resurgent inflation, less than six months after it last cut. Economists expect the Reserve Bank of Australia (RBA) will increase its cash…

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Chinese speculators set the stage for gold and silver crash

Chinese speculators set the stage for gold and silver crash

Metals traders in Europe and the US have been working around the clock, unwilling to miss the Asian trading day [LONDON] In the history of the silver market, prices had traded above US$40 an ounce for only a handful of brief periods before last year. On Friday (Jan 30), exhausted traders watched in shock as…

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MoneyMax expects ‘significant improvement’ in H2 net profit

MoneyMax expects ‘significant improvement’ in H2 net profit

[SINGAPORE] Pawnbroker and gold retailer MoneyMax on Monday (Feb 2) said that it expects a “significant improvement” in its second-half and full-year net profit. This is set to be mainly down to a stronger financial performance of its pawnbroking segment, due to higher interest income, as well as the group’s retail and trading of gold…

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CapitaLand India Trust H2 DPU rises 22% to S$0.039

CapitaLand India Trust H2 DPU rises 22% to Salt=

[SINGAPORE] CapitaLand India Trust recorded a distribution per unit (DPU) of S$0.039 for its second half ended Dec 31, 2025, up 22 per cent from S$0.032 in the year-ago period. This brought its full-year DPU for FY2025 to S$0.0787, 15 per cent higher than S$0.0684 in FY2024, the trustee-manager said on Monday (Feb 2). For…

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