News
New data uncover another hidden cost of EV ownership: high insurance premiums
As the price of buying an electric vehicle is set to soar with tariffs and the end of government incentives, drivers who want to go green have another hidden...
Musk’s xAI sues Apple and OpenAI, escalating billionaire’s tech feud
Elon Musk on Monday ramped up his legal feud with OpenAI as his companies filed a new lawsuit against OpenAI and Apple accusing both of anticompetitive behavior in the...
Euro falls to more than 2-week low after Trump, Zelensky meeting
THE euro dropped on Friday (Feb 28), after a meeting between Ukrainian President Volodymyr Zelensky and US President Donald Trump went up in flames, dashing hopes any peace deal...
Singapore corporate insolvencies reach highest level since 2010
COMPANIES in Singapore were forced to wind-up in record numbers last year, as compulsory liquidations in the city-state soared.
As many as 307 firms were shuttered in 2024, up...
Kwek vs Kwek: CDL court hearing, trading status in spotlight this week
A REAL-LIFE Succession feud imploded from within property giant City Developments Ltd (CDL) last week, with a father-and-son tussle throwing the Kwek family-controlled group into crisis. Explosive statements from...
Q&M Dental’s H2 net profit falls 22% to S$4.8 million on lab licence expiry
MAINBOARD-LISTED Q&M Dental Group’s net profit for the second half ended Dec 31, 2024, fell 22 per cent to S$4.8 million, from S$6.2 million in the corresponding year-ago period....
How far can the Hang Seng Tech Index rise with AI and Beijing’s private-sector shift?
THE Hang Seng Tech Index Futures contract is based on the Hang Seng Tech index (HST), which tracks the 30 largest tech stocks listed in Hong Kong. HST saw...
Shipping profit boom evaporates on US tariffs, Red Sea reopening
Global shippers from AP Moller-Maersk to Cosco Shipping Holdings, which logged windfall earnings last year, may see a reversal of fortunes in 2025 as a potential reopening of the...
China’s central bank, regulators hold symposium on support for private companies
CHINA’S central bank and financial regulators held a symposium with private enterprises and financial institutions, vowing to increase lending to private enterprises and expand their fundraising channels, the People’s...
CDL bypass of nominating committee may seem ‘unusual’ but current rules open to interpretation: observers
Court can determine if directors’ appointments are in accordance with company’s constitution THE appointment process for two of City Developments Ltd’s (CDL) directors as well as the dismantling of...
