Business

Singapore Airlines Posts S$76 Million Quarterly Loss Despite Record S$5.71 Billion RevenueSingapore Airlines (SIA) has reported a quarterly net loss of S$76 million, marking its first loss since the aviation industry recovered from the Covid-19 pandemic, despite achieving its...

The Singapore dollar traded slightly stronger against the Malaysian ringgit on Monday despite the ringgit gaining ground against the US dollar following stronger-than-expected economic growth figures from Malaysia.Malaysia's advance estimate for second-quarter Gross Domestic Product (GDP) showed the economy...

Microsoft has announced plans to eliminate approximately 4,800 jobs globally as part of a major restructuring effort aimed at reducing costs and accelerating its push into artificial intelligence.The layoffs represent about 2 per cent of the company's worldwide workforce...

The Japanese yen sank further on Thursday, extending a years-long decline that has transformed Japan from one of Asia's most expensive destinations into a bargain playground for Singaporean tourists.While most travellers are celebrating cheaper hotels, shopping and meals, investors...

The Singapore dollar has climbed to a fresh record high against the Japanese yen, giving Singapore travellers and investors even greater purchasing power in Japan.On June 30, the yen weakened to as low as 125.49 against the Singapore dollar...

E-commerce giant Lazada has laid off around 5 per cent of its workforce across Southeast Asia following an internal review of roles across its regional operations.The move was announced on Jun. 23 and affects employees in multiple markets, including...

The Malaysian ringgit has weakened to its lowest level against the Singapore dollar in six months, with the exchange rate reaching RM3.20 for every S$1 on June 19.Foreign exchange data showed this was the weakest performance of the ringgit...

Elon Musk has officially become the world's first trillionaire following the record-breaking public listing of SpaceX, further cementing his position as one of the most influential figures in modern business.The milestone comes after SpaceX completed what is being described...

DBS Remit To Weixin Pay: Convenient For China Travel, But Is It Really The Best Option For Singaporeans?Singapore travellers heading to China now have another way to fund their digital wallets after DBS introduced direct transfers from DBS Remit...

The rapid rise of artificial intelligence has transformed some of the world's largest technology companies into stock market powerhouses, generating significant returns for investors over the past few years.Companies such as Nvidia, Apple and Microsoft have become household names...