Keppel raises S$6.3 billion in private funds for education and data centre assets
Published Thu, Aug 7, 2025 · 07:07 PM [SINGAPORE] Keppel has secured S$6.3 billion in funds under management so far this year for its private fund strategies, including education assets and data centres, the global asset manager and operator said on Thursday (Aug 7). The company said the raising includes around S$907 million in capital…
Read MoreGenting Singapore H1 profit falls 34% to S$234.7 million on weaker gaming, room revenue
[SINGAPORE] Resort and casino operator Genting Singapore reported a 34 per cent drop in profit for the first half of the year to S$234.7 million. Revenue declined by 10 per cent to S$1.2 billion, from $1.4 billion in the previous corresponding period, Genting said in a regulatory filing on Thursday (Aug 7). According to its…
Read MoreSingapore shares rise, mirroring regional gains despite tariff kick-off; STI up 0.7%
[SINGAPORE] Local stocks closed higher on Thursday (Aug 7), extending their winning streak to a fourth consecutive session, in line with broader gains across Asian markets. This came even as higher tariff rates imposed by US President Donald Trump on dozens of trading partners took effect. The Straits Times Index (STI) ended 0.7 per cent…
Read MoreChinese drone maker DJI shut out of Washington with US market at risk
[WASHINGTON] Chinese-owned and operated DJI Technologies is up against an end-of-year deadline to keep its US business alive, and the drone maker is struggling to get anyone in Washington to listen. The company, which controls over 70 per cent of the domestic commercial market in the US, has hired a small army of lobbyists and…
Read MoreHyflux’s ex-director pleads guilty to disclosure-related charge, fined S$90,000 and barred from directorships
[SINGAPORE] A former independent director of Hyflux pleaded guilty on Thursday (Aug 7) to being negligent in the insolvent water treatment firm’s failure to disclose to the Singapore Exchange (SGX) relevant information related to the Tuaspring integrated water and power project. Rajsekar Kuppuswami Mitta’s plea of guilt came ahead of the trial against six others,…
Read MoreHyflux’s ex-director pleads guilty to disclosure-related charge, fined S$90,000 and disqualified from directorship
[SINGAPORE] A former independent director of Hyflux pleaded guilty on Thursday (Aug 7) to being negligent in the insolvent water treatment firm’s failure to disclose to the Singapore Exchange (SGX) relevant information related to the Tuaspring integrated water and power project. Rajsekar Kuppuswami Mitta’s plea of guilt came ahead of the trial against six others,…
Read MoreMining giants squeeze dividends with an eye toward funding growth
[MELBOURNE] So far this earnings season, large miners are paying out their lowest dividends in years, as mineral prices slip and they need to retain cash for their massive development projects, while trying to keep a lid on costs. Rio Tinto, Anglo American and Glencore have all reported lower half year earnings, with BHP expected…
Read MoreWho is Alex Butler? Seattle Teenager Becomes Millionaire After Selling Card Game He Invented at 7
Alex Butler, 15, became a millionaire by selling a card game he invented when he was seven years old. The Seattle teenager reportedly sold his invention to a major toy company last month. Wisconsin-based company PlayMonster bought the game from the teen boy in a cash deal. It is unclear how much Alex earned through…
Read MoreSingapore new corporate debt issuance up 34% to S$308 billion in 2024
[SINGAPORE] The corporate debt market saw robust growth in 2024, with new debt issuances rising 34 per cent year on year to S$308 billion. This comprises new issuances for short-term and long-term Singapore dollar and non-Singapore dollar debt, according to the Monetary Authority of Singapore’s (MAS) Corporate Debt Market Development Report 2025. The report, published…
Read MoreChina stocks close at highest level since 2021 on upbeat trade data
Investors remain focused on an Aug 12 deadline to see if Beijing and Washington will reach a durable tariff agreement. Published Thu, Aug 7, 2025 · 05:02 PM [HONG KONG] China stocks rose for a fourth straight day to close at a 3½-year high on Thursday (Aug 7), as upbeat export data added fuel to…
Read MoreTSMC trade secrets leak puts Japan’s Tokyo Electron on hot seat
[TAIPEI] A Taiwanese investigation into the possible theft of chip technology at Taiwan Semiconductor Manufacturing Co (TSMC) is putting a low-profile, lesser-known tech linchpin in Japan under unusual scrutiny. Among the six people arrested by Taiwanese prosecutors for allegedly stealing trade secrets from the world’s largest contract chipmaker was a former employee at Tokyo…
Read MoreTokyo Electron sacks Taiwan employee over TSMC tech leak
[TAIPEI] Tokyo Electron said on Thursday (Aug 7) it has fired an employee at its Taiwan subsidiary over their alleged involvement in a trade secret leak at Taiwanese chipmaking giant TSMC. The Japanese firm issued a statement after media reports said Taiwanese authorities had searched its Hsinchu office as part of a probe into the…
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