Business News

Singapore stocks buck Asia trend; Financials drag

Singapore stocks bucked strong Asia trend on Tuesday, hurt by losses in financials and energy shares.

Oct 3, 2017

By Aastha Agnihotri

Swiber Holdings seeks extension of judicial management period

Singapore-based Swiber Holdings said its creditors have requested for an extension of judicial management period to October 31, 2018.

Oct 3, 2017

By Aastha Agnihotri

SembCorp signs long-term power supply deal with Myanmar

Sembcorp Industries mulling Indian unit IPO: report

Singapore's Sembcorp Industries is planning to list its Indian unit, Mint newspaper reported on Tuesday.

Oct 3, 2017

By Aastha Agnihotri

Singapore's HG Metal bows to activist investor pressure

Steel products maker HG Metal Manufacturing on Tuesday said it would sell its 23 percent stake in steel mesh maker BRC Asia following an open letter by activist investment fund Quarz Capital.

Oct 3, 2017

By Aastha Agnihotri

Singapore's Creative Technology files lawsuit against Nvidia

Singapore-based electronics firm Creative Technology said its unit ZiiLabs Inchas filed a patent infringement lawsuit against American microprocessors firm Nvidia Corp.

Oct 3, 2017

By Aastha Agnihotri

Everything we know about Las Vegas shooter Stephen Paddock

Paddock killed over 58 and wounded over 500 in the deadliest mass shooting in U.S. history.

Oct 3, 2017

By Staff Reporter

Southeast Asia's real estate affordability sentiments still stuck in the doldrums

PropertyGuru's latest consumer sentiment study revealed that whilst there is a strong intent for consumers to acquire properties, affordability and satisfaction sentiments remained weak.

Oct 2, 2017

By Kiersnerr Gerwin Tacadena

PM Lee to attend lunch hosted by Japan's Emperor Akihito, plans to meet PM Abe

Deal signed to improve Singapore-Japan tech, economic partnership

The Action Community for Entrepreneurship (ACE) and the Fukuoka City Government have signed a partnership in the efforts to improve the startup ecosystem in Singapore and Japan.

Oct 2, 2017

By Kiersnerr Gerwin Tacadena

Theresa May bitterly disappointed with Bombardier tariff decision

U.K. Prime Minister Theresa May says she is and amp;#39;bitterly disappointed and amp;#39; at the U.S decision to impose a 210% tariff on Canadian plane maker Bombardier.The wings for Bombardier C series planes are made in Northern Ireland. This ruling could threaten over 4000 jobs.Theresa May and amp;#39;s minority conservative government also relies on the Northern Irish DUP party to stay in power.The Prime Minister has personally asked U.S. President Donald Trump to help find a solution.

Sep 29, 2017

By Staff Reporter

Dramatic footage shows shootout with Sacramento police results in suspect killed

Police video footage released this week shows a homicide suspect being shot and killed in Sacramento, California on the Sept. 7, 2017. The suspect who was wanted in connection with a fire that killed two people gets out his car and stars firing at the police officers. Five officers returned fire and killed the suspect. Two police officers sustained injuries.

Sep 29, 2017

By Staff Reporter

China unveils worlds first commercial amphibious drone

The U650 drone is about 20 feet long, weighs about 750kg, and has a range of over 2,000km at 180kmh. It can carry a range of cargo from cameras and survey instruments, to medical supplies and even small ordnance.

Sep 28, 2017

By Staff Reporter

Lazada brings Taobao Collection in other SEA markets after strong showing in Singapore

Lazada is expanding its e-commerce partnership with Taobao by offering the latter's collection to three additional markets in Southeast Asia.

Sep 26, 2017

By Peter Del Rosario

Singapore launches shuttle bus service between Changi Airport, Tanah Merah Ferry Terminal

Private road transport costs drag Singapore inflation to 0.4 percent

Singapore's consumer price index (CPI) moderated in August due to lower inflation was seen in private road transport and food segments.

Sep 26, 2017

By Peter Del Rosario

Watch Lockheed Martins lethal new laser weapon take down an airborne drone

This new laser weapon from Lockheed Martin looks terrifying, known as ATHENA (Advanced Test High Energy Asset), the weapon successfully burnt through and crashed five drones. The video shows the laser burning through the tail section of the first drone.

Sep 22, 2017

By Staff Reporter

Indian shares extend losing streak to fourth session as lenders hit

Indian shares fell on Friday, dragged lower by lenders such as ICICI Bank, with sentiment in Asia subdued on the back of renewed North Korea concerns.

Sep 22, 2017

By Aastha Agnihotri

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