News
Philippines’ slow growth raises chance of December rate cut, says central bank chief
Data last month showed annual growth slowed to a four-year low of 4.0% in the third quarter[MANILA] A slower growth outlook for the Philippines raises the chances of another...
GXS cuts about 10% of workforce in rightsizing exercise
[SINGAPORE] Digital bank GXS is cutting 82 jobs or about 10 per cent of its workforce across the group.This exercise is part of the group’s transition from the early...
Netflix, Warner Bros Discovery combo seen lowering costs for consumers: sources
Alphabet’s YouTube remains the country’s largest streaming platform by viewership[NEW YORK] Netflix’s proposed acquisition of Warner Bros Discovery’s studios and streaming unit is expected to reduce streaming costs for...
MAS EQDP: Manulife Investment Management launches Singapore all-cap fund strategy
It will launch a Singapore All-Cap Equity strategy that is research-driven and ‘benchmark-unconstrained’[SINGAPORE] Manulife Investment Management said it will launch a fund strategy with an emphasis on Singapore small...
Malaysia palm oil reserves seen at six-year high as exports slump
[KUALA LUMPUR] Palm oil stockpiles in Malaysia surged to the highest in more than six years as exports dropped in November, according to a survey.Inventories jumped 10 per cent...
Gold flat as investors await US data for rate-cut signals
US rate futures are pricing in an 89% chance of a rate cut in December, according to the CME’s FedWatch tool[BENGALURU] Gold prices were little changed on Wednesday (Dec...
Infinity Development sees muted Catalist debut; up 1.3% from all-placement offer price
[SINGAPORE] Shares of adhesive manufacturer Infinity Development were up 1.3 per cent at Wednesday’s (Dec 3) open – as the company debuted on the Catalist board of the Singapore...
Infinity Development closes flat at S$0.39 on Catalist debut
[SINGAPORE] Shares of adhesive manufacturer Infinity Development were up 1.3 per cent at Wednesday’s (Dec 3) open – as the company debuted on the Catalist board of the Singapore...
YouTube says it will comply with Australia’s teen social media ban
The Australian ban is being closely watched by other jurisdictions considering similar age-based measures[SYDNEY] Google’s YouTube said that it will obey Australia’s world-leading ban on social media accounts for...
Stocks to watch: Far East Group, UltraGreen.ai, Infinity Development
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Dec 3): Far East Group : The company on Tuesday announced that its...
