Richest Thai sees US$10 billion hydro, LNG projects driving growth
Construction on a US$1 billion LNG import terminal project, Thailand’s third, will start later this year before commercial operations are scheduled in 2029 Published Thu, Jul 31, 2025 · 11:24 AM [BANGKOK] Thailand’s richest person, Sarath Ratanavadi, expects US$10 billion investments in hydropower projects in neighbouring Laos and a new domestic liquefied natural gas (LNG)…
Read MoreOpenAI hits US$12 billion in annualised revenue, The Information reports
Published Thu, Jul 31, 2025 · 11:01 AM CHATGPT-MAKER OpenAI roughly doubled its revenue in the first seven months of the year, reaching US$12 billion in annualised revenue, The Information reported on Wednesday citing a source. Reuters could not immediately confirm the report. OpenAI declined to comment. The figure implies that OpenAI is generating US$1…
Read MoreMacquarie ‘Millionaires Factory’ put at risk by investor revolt
[SINGAPORE/MELBOURNE] Macquarie Group’s long vaunted money-making machine for top bankers is showing signs of strain. Known as the “Millionaires’ Factory”, the Australian financial giant has for years awarded more generous pay to its senior management and dealmakers than rivals across Asia. Former commodities head Nick O’Kane famously earned more than JPMorgan Chase chief executive officer…
Read MoreSeatrium shares tumble 5.4% after fines, despite strong H1 results
The company will pay S$240 million in financial penalties to settle corruption offences [SINGAPORE] Shares of Seatrium dived 5.4 per cent shortly after market open on Thursday (Jul 31) despite posting strong results for the first half of 2025. On Wednesday, the engineering solutions provider announced that it would pay S$240 million in fines to…
Read MoreSeatrium falls 5.4% after fines, despite strong H1 results
The company announced on Wednesday (30 Jul) it was to pay S$240 million in financial penalties [SINGAPORE] Shares of Seatrium dived 5.4 per cent shortly after market open on Thursday (Jul 31) despite strong H1 2025 results. The company announced on Wednesday (30 Jul) that it would pay S$240 million in fines to authorities in…
Read MoreKeppel shares up 6.1% on H1 earnings growth and plan to divest S$14.4 billion of non-core assets
[SINGAPORE] Shares of Keppel rose on Thursday (Jul 31) morning after the asset manager said H1 net profit grew 24.2 per cent and that it planned to divest a portfolio of non-core assets worth S$14.4 billion. As at 10.10 am, the counter was trading at a six-year high of S$8.68, with some 7.9 million shares…
Read MoreKeppel shares up 5.5% on H1 earnings growth and plan to divest S$14.4 billion of non-core assets
Year to date, it is up 25.1% from its closing price on the last trading day of 2024 [SINGAPORE] Shares of Keppel rose on Thursday (Jul 31) morning after the asset manager said H1 net profit grew 24.2 per cent and that it planned to divest a portfolio of non-core assets worth S$14.4 billion. As…
Read MorePanama official seeks court review of CK Hutchison port contract
[NEW YORK] Panama’s comptroller general asked its Supreme Court to review the government’s contract extension with CK Hutchison’s local ports unit, potentially throwing a new wrench into the conglomerate’s deal to sell its global terminals business. Panamanian official Anel Flores said that he asked the court to find unconstitutional a 2021 extension for Panama Ports’…
Read MoreOver 120 flights disrupted by UK tech glitch
[LONDON] Scores of flights to and from UK airports were cancelled on Wednesday due to a technical glitch, according to the air traffic control service, prompting anger from airline chiefs. The number of aircraft in London’s air space was limited by the service, known as NATS, as a result of a technical issue which was…
Read MoreGold rebounds from one-month low on renewed trade uncertainty
Published Thu, Jul 31, 2025 · 09:30 AM [BENGALURU] Gold prices rebounded on Thursday (Jul 31) from a one-month low hit in the previous session, as trade uncertainty stemming from fresh US tariff announcements lifted bullion demand and investors bought on dips despite reduced expectations of a US rate cut. Spot gold was up 0.4…
Read MoreAustralia’s central bank welcomes Q2 inflation data, deputy governor says
Published Thu, Jul 31, 2025 · 09:10 AM [SYDNEY] Australia’s second-quarter inflation data was very welcomed and came in as just the central bank expected, a top official said on Thursday, but added the bank remained cautious about the interest rate outlook. At the Barrenjoey Economic Forum in Sydney, Reserve Bank of Australia Deputy Governor…
Read MoreGrab reports a Q2 2025 earnings of US$35 million on higher revenue and margins
[SINGAPORE] Superapp Grab reported Q2 2025 earnings of US$35 million, reversing from a loss of US$53 million in the same year-ago period. This was driven by operating profit and lower finance costs, and also partially offset by higher income tax expenses in Q2 2025. Revenue for the period grew 23 per cent to US$819 million…
Read More