Business
-
Ho Bee Land appoints Li Xiangrun as new CFO
[SINGAPORE] Ho Bee Land has promoted its current head of finance, Li Xiangrun, to chief financial officer effective Feb 1. The position is currently not filled, according to the property…
-
Amazon cuts 16,000 jobs globally to undo pandemic-era hiring amid AI push
The job cuts also underscore how artificial intelligence is changing corporate workforce dynamics Published Wed, Jan 28, 2026 · 06:54 PM [SAN FRANCISCO] Amazon said on Wednesday (Jan 28) it…
-
High Court orders winding-up of TT International
The liquidation marks the end of a long and complex chapter involving the group and Big Box mall [SINGAPORE] The High Court has ordered consumer electronics trader TT International to…
-
Sembcorp expands Micron power deal to support AI growth
The chipmaker has begun construction on a Woodlands facility as part of a US$24 billion investment [SINGAPORE] Sembcorp Industries on Wednesday (Jan 28) said that its wholly owned subsidiary Sembcorp…
-
Singapore shares mixed; Straits Times Index declines
[SINGAPORE] Singapore shares closed lower on Wednesday (Jan 28), with the Straits Times Index (STI) failing to sustain its momentum a day earlier amid a mixed showing regionally. The 30-constituent…
-
SK Hynix profit surges on relentless appetite for AI memory
Operating profit doubles to 19.2 trillion won (S$17 billion) in the December quarter Published Wed, Jan 28, 2026 · 05:51 PM [SEOUL] SK Hynix reported its strongest quarterly results to…
-
Hong Kong’s Exchange Fund posts record gain of HK$331 billion
Published Wed, Jan 28, 2026 · 05:36 PM [HONG KONG] Hong Kong’s Exchange Fund reported a record investment gain of HK$331 billion (S$53.5 billion) in 2025, helped by rising global…
-
Chinese snack retailer Busy Ming surges 69% in Hong Kong debut
The company will use IPO proceeds for supply-chain improvement and product development Published Wed, Jan 28, 2026 · 05:16 PM [SINGAPORE/HONG KONG] Busy Ming Group shares jumped 69 per cent…
-
OCBC taps Citi to roll out securities lending for clients, following Maybank’s earlier move
This covers retail and corporate customers of OCBC Securities and clients of Bank of Singapore [SINGAPORE] OCBC has rolled out a securities lending programme that will allow customers to lend…
-
As the greenback dives, one of Asia-Pacific’s top-performing currencies is trouncing the Singdollar
The Australian dollar surges to its strongest position against the American currency in over two years [SINGAPORE] The US dollar skidded to a four-year low on Wednesday (Jan 28), sparking…
-
ASML reports big orders beat as AI drives chipmaker demand, to lay off 1,700
The orders beat comes as several of the chipmaker’s customers raise investment plans Published Wed, Jan 28, 2026 · 04:05 PM [AMSTERDAM] ASML reported stronger-than-expected bookings in the fourth quarter…
-
Ringgit rises to 2018 high buoyed by Trump
Central bank says economic fundamentals and government reforms will provide long-term support to ringgit Published Wed, Jan 28, 2026 · 03:50 PM [KUALA LUMPUR] The Malaysian ringgit rose to its…
-
Singapore-based Digital Edge to build US$4.5 billion data centre campus in Indonesia
Published Wed, Jan 28, 2026 · 02:01 PM [HONG KONG] Digital Edge, an Asian digital infrastructure firm backed by alternative asset manager Stonepeak Partners, plans to invest US$4.5 billion to…
-
Tether is shaking up the gold market with massive metal hoard
The company makes money from its dollar stablecoin that is the giant of the sector, with US$186 billion in circulation [LONDON] There are roughly 370,000 nuclear bunkers in Switzerland, a…
-
China’s four-year energy spree has eclipsed entire US power grid
Published Wed, Jan 28, 2026 · 01:02 PM CHINA is undertaking an energy-building boom unlike anything the world has ever seen, as Beijing seeks to ensure supply for power-hungry facilities…
