News
SingPost mulls special dividend with potential S$289m disposal gain
SINGAPORE Post (SingPost) said on Wednesday (Feb 26) it will hold an extraordinary general meeting (EGM) to seek shareholders’ approval for the proposed divestment of its Australia business, Freight...
Italy extends big tech tax probe to Musk’s X social network
ITALY is claiming 12.5 million euros (S$17.4 million) from Elon Musk’s social network X following a tax probe running parallel to one into Meta, four sources with direct knowledge...
Forest City could become cheaper, secondary family office hub to complement Singapore
While the fundamentals are there, it is too early to tell if the zone could become a regional wealth centreMALAYSIA’S Forest City could be a secondary family office (FO)...
Shell expects 60% rise in global LNG demand by 2040 as Asia leads growth
GLOBAL demand for liquefied natural gas is estimated to rise by around 60 per cent by 2040, driven largely by economic growth in Asia, AI impact and efforts to...
Teens are spilling dark thoughts to AI chatbots. Who’s to blame when something goes wrong?
When her teen with autism suddenly became angry, depressed and violent, the mother searched his phone for answers. She found her son had been exchanging messages with chatbots on...
SingPost must quickly find a new group CEO to deliver it from its troubles
The postal-service provider’s road map following the sale of its Australian unit would shape the slate of candidates and its final pick of helmsmanNATIONAL postal-service provider Singapore Post (SingPost) is...
China Everbright Water’s FY2024 profit falls 14% to HK$1 billion
CHINA Everbright Water’s net profit for the full year ended Dec 31 fell 14 per cent to HK$1 billion (S$175.5 million) from HK$1.2 billion in the previous corresponding period.Earnings...
India’s February gold imports to hit 20-year low on record high prices: sources
INDIA’S gold imports are set to tumble 85 per cent in February from year ago levels to their lowest in 20 years, with demand sapped by record prices for...
CLP to focus capital on Hong Kong and China in clean power push
CLP Holdings plans to focus on investing in Hong Kong and mainland China, while projects in other areas will need to be self-funded as the utility seeks a greener...
US securities regulator closes investigation into Robinhood’s crypto arm with no action
ROBINHOOD said the US securities regulator had closed its probe into the retail trading firm’s crypto arm with no action, as it seeks to revamp policing of digital assets...
Yangzijiang Shipbuilding dives 12.7% to S$2.61 after US proposed fees for Chinese-built ships
SHARES of maritime vessel maker Yangzijiang Shipbuilding tumbled on Tuesday (Feb 25) in early trade, after the US Trade Representative (USTR) office proposed to slap fees on Chinese-built vessels entering...
