The Business Times
business-time-50
Shikhar Gupta

Shikhar Gupta

JOURNALIST

Shikhar Gupta is a Breaking News Journalist at The Business Times. He previously worked at Bloomberg News, covering transport, healthcare, and consumer stories.

emailsgupta@sph.com.sg
Fears of the artificial intelligence rally overheating have seen tech stocks take a hit globally.

STI drops as much as 1.7% as Asia markets hit by tech sell-off

The Kospi sinks as much as 8.8% led by steep losses in chipmakers

Shareholders gave the green light for the proposed transfer and a proposed one-for-one bonus issue at an extraordinary general meeting held on May 25.

Lum Chang Creations says still evaluating mainboard transfer due to ‘market volatility’

Company adds it will also hold off on the listing and quotation of the bonus shares

The proposed investment is part of UMS’ drive to expand its manufacturing footprint, enhance its precision engineering capabilities and capture growth opportunities in the semiconductor “super cycle”.

UMS signs pact for joint venture with three Vietnamese precision engineering firms

UMS intends to invest about US$3.6 million for a 51.6% stake in the new company

Industry insiders say Lenovo’s data-gathering operation on the pitch could provide the necessary asset library to monetise a lucrative video games market.

Lenovo’s 3D scans were made for the Fifa World Cup, but true value may lie in video games

Its AI chatbot will launch with an empty playbook, but its scans could yield a multibillion-dollar IP pipeline

The Straits Times Index fell about 1% within the first 20 minutes of trading to about 5,086 points.

Singapore stocks slide as Iran ceasefire wavers, Fed rate hike fears grow

STI down 1%; DBS leads decline, dropping 1.3% to wipe out S$2.3 billion in market value

Parc de Meslay is a cold warehouse, comprising about 5,613 square metres of net area.

Stoneweg Europe Stapled Trust sells French warehouse asset Parc de Meslay for 5.7 million euros

CEO of the managers says the divestment is part of the trust’s ongoing portfolio optimisation initiatives

The facility is currently fully occupied by four tenants, including the vendor Hup Hin Transport.

Clar buys Tuas logistics property for S$133.9 million

The transaction is expected to be accretive to CapitaLand Ascendas Reit’s DPU

Singtel posts a net profit of S$2.2 billion for its second half ended Mar 31, down 20.9% year on year.

Stocks to watch: Singtel, CDL

The following companies saw new developments that may affect trading of their securities on Thursday (May 21):

CDL maintains cash reserves of S$2.1 billion, supported by S$4.3 billion in cash and undrawn committed credit facilities.

CDL’s Singapore property sales fall to S$609.6 million in Q1, global hotel RevPAR rises 4.3%

For the three months ended Mar 31, the group and its joint venture associates sold 242 units

Across the broader market gainers were outnumbered by losers 258 to 344, after 1.6 billion securities worth S$2.3 billion changed hands.

Singapore stocks end lower amid downbeat regional showing; STI down 0.5%

Wilmar International leads the gainers on the blue-chip index, rising 2.2%

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More