Business

GDS-backed DayOne to pick banks for US$5 billion US IPO, sources say

Published Fri, Feb 13, 2026 · 06:52 PM [SINGAPORE] DayOne Data Centers has selected banks to help arrange a US initial public offering (IPO) that may raise about US$5 billion,…

Tuck Lee Ice sues for S$500,000 over alleged ‘wrongful’ re-directing of search results

An online search for its name last year would show the results diverted and redirected to Superior Products Asia’s corporate name and website [SINGAPORE] Ice supplier Tuck Lee Ice has…

Ong Beng Seng’s HPL to report net loss for FY2025 as finance costs remain high

[SINGAPORE] Hotel Properties Ltd (HPL), owned by real estate magnate Ong Beng Seng, is expected to post a net loss for the financial year ended Dec 31, 2025. Despite higher…

Singapore stocks falter on Friday; STI down 1.6%

[SINGAPORE] Singapore shares ended lower on Friday (Feb 13), tracking losses on regional indices. The benchmark Straits Times Index (STI) fell 1.6 per cent or 78.98 points to 4,937.78. Meanwhile,…

iFast unveils Truly Global Business Model, rebrands FSMOne to FSM Global

The group is repositioning itself to view its customers as international – not just from the markets in which it operates [SINGAPORE] Digital bank and wealth management platform iFast has…

DBS launches zero-remittance fee payment service to Chinese digital wallet

The bank is also looking to link its DBS PayLah! service to Weixin Pay to further cross-border payments [SINGAPORE] DBS customers looking to transfer money to Chinese e-wallet Weixin Pay…

Poverty Porn: West’s Selective Obsession and India’s Economic Realities

In Western media, academia, NGOs, and popular culture, few topics generate as much fascination as the poverty of the developing world—particularly India. This phenomenon, often derided as “poverty porn,” involves…

New growth capital workgroup led by Chee Hong Tat aims to close gap between private capital and public listings

Members include top executives from GIC, Temasek and DBS, along with public sector representatives [SINGAPORE] A newly formed workgroup aimed at enhancing Singapore’s growth capital ecosystem will seek to bridge…

New MAS growth capital workgroup aims to close gap between private capital and public listings

Members include top executives from GIC, Temasek, Blackrock and DBS, along with public sector representatives [SINGAPORE] The newly formed workgroup aimed at enhancing Singapore’s growth capital ecosystem will seek to…

New MAS-MTI Growth Capital Workgroup aims to close gap between private capital and public listings

Led by Chee Hong Tat, the group includes top executives from GIC, Temasek and DBS, along with public and private sector representatives [SINGAPORE] A newly formed workgroup aimed at enhancing…

FBI Shares Description of Nancy Guthrie’s Suspected Kidnapper and Doubles Reward to $100K for Info Leading to Break in Case

The FBI has released new identifying details about the person suspected of abducting Nancy Guthrie and has increased the reward for tips that could help advance the investigation, doubling the…