News
Gambling, prediction markets create new credit risks, Bank of America warns
The bank says that there are already worrisome signs in some indicators of consumer stress, citing a US News survey[NEW YORK] Bank of America (BOA) is sounding the alarm...
‘Guaranteed Human’: Audio giant iHeartMedia says real people, not AI personalities, are at the controls
As media executives wrestle with the use of artificial intelligence, radio giant iHeartMedia wants to stand out.“We don’t use AI-generated personalities. We don’t play AI music that features synthetic...
ThaiBev’s full-year net profit falls 6.8% to 25.4 billion baht
[SINGAPORE] Thai Beverage posted a 6.8 per cent drop in net profit to 25.4 billion baht (S$1.02 billion) for the full year ended Sep 30, 2025, from 27.2 billion...
Nvidia-Google AI chip rivalry escalates on report of Meta talks; Nvidia shares drop 6%
[NEW YORK] Meta Platforms is in talks to spend billions on Google’s AI chips, The Information reported, adding to a months-long share rally as the search giant has made...
EV maker Nio posts 3.5 billion yuan net loss for Q3 2025
[SINGAPORE] Chinese electric vehicle (EV) maker Nio recorded a net loss of 3.5 billion yuan (S$638 million) for its third quarter ended Jun 30, 2025, narrowing its losses from 5.1...
Board of Dasmond Koh’s NoonTalk Media says management’s pay ‘fair and justifiable’ amid firm’s losses
The remuneration committee has considered defined key performance indicators, performance milestones and market benchmarks[SINGAPORE] The board of Dasmond Koh’s NoonTalk Media has defended the salaries of its management despite...
Singapore insurers more anxious than global peers, as risks related to AI, cybercrimes rise: report
Broader technology disruptions and macroeconomic uncertainties are adding to worries, says PwC study [SINGAPORE] The misuse of generative artificial intelligence (AI) and cybercrime have emerged as among the biggest...
ComfortDelGro and Hello Robotaxi partner on robotaxi deployment in China, overseas markets
The venture will focus on deploying and managing Robotaxi services via ComfortDelGro’s point-to-point operations[SINGAPORE] Transport company ComfortDelGro announced on Tuesday (Nov 25) that its subsidiary, ComfortDelGro (China), has inked...
Couple caught in 99-1 property transaction sue salesperson, PropNex and law firm for S$586,172
This is the third reported lawsuit embroiling PropNex over the sale arrangement for buyers to avoid paying more in ABSD[SINGAPORE] A PropNex subsidiary has been sued, along with its...
Amova announces two new funds with focus on SGX small and mid-cap stocks
[SINGAPORE] Amova Asset Management, formerly Nikko Asset Management, announced that it will be launching two new funds as part of the Singapore Equity Market Development Programme (EQDP).The two funds...
