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News
GIC’s portfolio resilience in a structurally changed world
1+ day, 14+ hour ago (1241+ words) The sovereign wealth fund is meeting new opportunities with a sharpened focus on diversification, granularity and agility THE conflict in the Middle East reminds us how quickly the global environment can change. Disruptions in the Strait of Hormuz threatened a…...
Is GIC charting a new course as the ship moves into choppy waters?
1+ day, 15+ hour ago (186+ words) It is changing its playbook to match a new reality as the global world order shows structural shifts [SINGAPORE] Scrolling through media headlines as Singapore’s sovereign wealth fund GIC released its results for FY2025/2026 on Friday (Jul 24), it might be easy…...
Houthis attack Saudi oil installations along Red Sea coast; Gulf quiet as US forgoes strikes on Iran
41+ min ago (840+ words) Separately, Iran accuses Ukraine of attacking an Iranian commercial vessel in the Caspian Sea [WASHINGTON/ATHENS] Signs of the Iran war’s spread emerged over the Jul 25-26 weekend despite a pause in US strikes, as Yemen’s Iran-aligned Houthis attacked Saudi oil…...
Nvidia to invest US$1 billion in Naver and expand SK Group accord
20+ hour, 23+ min ago (610+ words) [SEOUL] Nvidia will invest US$1 billion in Naver to help finance an artificial intelligence data centre under construction in South Korea, adding to a frenzy of deals by the world’s most valuable company. The funding will allow Naver, an internet…...
Indonesian stocks briefly near bull market as sentiment steadies
21+ hour, 4+ min ago (547+ words) [JAKARTA] A brief rally in Indonesian stocks pushed the benchmark index to the cusp of a bull market, as investors rotated into laggards and concerns over the country’s fiscal health eased. The Jakarta Composite Index (JCI) closed 0.3 per cent lower…...
Singapore’s longevity economy must improve lives, not drive unnecessary healthcare spending, says Ong Ye Kung
17+ hour, 5+ min ago (794+ words) He highlights biomedical sciences, health regulation, nutrition and AI as key growth areas [SINGAPORE] As Singapore becomes a super-aged society, the Republic should seize opportunities to build a longevity economy by strengthening sectors such as biomedical sciences, nutrition and artificial…...
China fines Trip.com US$765 million for abusing market dominance
18+ hour, 52+ min ago (340+ words) [BEIJING] Chinese regulators fined Trip.com Group 5.18 billion yuan (US$765 million), concluding that the country’s largest travel booking platform abused its market dominance after a months-long investigation. The probe found that Trip.com employed monopolistic practices centred on traffic allocation…...
Big Asia stock funds turn to laggards to cut risk from AI swings
19+ hour, 18+ min ago (798+ words) [HONG KONG] Investors in Asia are snapping up stocks from Indonesian banks to Chinese e-commerce titans and Indian technology firms, trimming bets on popular artificial intelligence trades which have turned increasingly volatile. Fidelity International and BNP Paribas Asset Management are…...
El Nino worsens plight of Asia’s rice belt after war price shock
19+ hour, 29+ min ago (1183+ words) [SINGAPORE] A dry spell is sweeping across Asia’s rice fields, dealing another blow to farmers grappling with steep fuel and fertiliser prices triggered by the war in Iran. From Vietnam to the Philippines, production of the region’s most important food…...
Why the robot data gold rush is on borrowed time
20+ hour, 41+ min ago (1582+ words) A NEW side hustle has been making its way around South-east Asia, one that doesn’t require learning a new skill. Workers – whether they chop vegetables, pack boxes or assemble laptops for a living – are strapping cameras to their heads and…...