Fashion
Dollar-store billionaire poised to emerge from Malaysia IPO
[KUALA LUMPUR] A discount chain with signature red storefronts has drawn legions of Malaysians looking for good deals – and made its founder a billionaire.Eco-Shop Marketing, which operates more...
Singtel initiates its first share buyback programme of up to S$2 billion; incorporates cloud business
The buyback will be delivered over the course of three years until financial year 2028 and involves the purchase of shares in the open market that will subsequently be...
Singtel returns to the black with S$2.8 billion H2 profit
[SINGAPORE] Singtel returned to the black with a net profit of S$2.8 billion for its second half ended March 2025, compared with a net loss of S$1.3 billion for...
Stocks to watch: Singtel, CapitaLand Ascott Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (May 22).
Singtel: The telco giant returned to the black with a net profit...
Estee Lauder, L’Oreal suffer as China’s duty-free spending falls
UNABLE to travel overseas during the Covid-19 pandemic, Chinese consumers sparked a shopping boom in the southernmost province of Hainan, lured by the tropical island’s plethora of duty-free shopping...
Zoom lifts annual forecasts on robust demand amid AI push
Published Thu, May 22, 2025 · 07:13 AMZOOM Communications raised its annual revenue forecast on Wednesday, benefiting from hybrid work trends and the integration of artificial intelligence into its...
US LNG loses ground in Asia as tariffs, politics stall Alaska megaproject
[SINGAPORE] Asian energy buyers are rethinking their long-term bets on US liquefied natural gas (LNG) – increasingly seen as a geopolitical lever – as tariffs, political risk and volatile...
Walmart eliminates about 1,500 jobs on technology team
The company has about 1.6 million US employees, making it the largest private employer in the countryPublished Thu, May 22, 2025 · 06:24 AM[CHICAGO] Walmart is cutting corporate staff...
LVMH said to warn of continued luxury weakness on China woes
[PARIS] LVMH is warning investors and analysts that demand remains soft after the luxury conglomerate missed revenue estimates for the first three months of the year, sources familiar with...
OpenAI teams up with former Apple design chief Jony Ive as AI race heats up
Jony Ive, a former Apple executive known for designing the iPhone, is joining forces with OpenAI, the San Francisco startup behind popular chatbot ChatGPT.On Wednesday, OpenAI said it’s buying...
