Business

NEW DELHI — Air India is seeking approximately US$1.5 billion in fresh equity funding from its owners, Tata Sons and Singapore Airlines (SIA), following record annual financial losses, according to two sources familiar with the matter who spoke to...

Refer Code: 0PIF96CLMariBank is offering cash rewards to new and existing customers through its August 2026 referral promotion, with eligible personal banking referrals receiving between S$8 and S$15. Customers signing up for a Mari Business Account can receive a...

Singapore’s retail landscape could be seeing another round of changes, with five Japan Home outlets having closed their doors and several other branches reportedly being considered for conversion into Valu$ stores.The development was reported by The Business Times (BT),...

Singapore Airlines (SIA) is facing a major financial setback from its investment in Air India, with the Indian carrier recording losses of about S$945 million in the year to March 2026.The development comes less than two years after SIA...

Singaporeans heading to Malaysia may have enjoyed a slightly stronger exchange rate on Monday (Aug 10), as the Malaysian ringgit weakened against the Singapore dollar.The ringgit slipped past the RM3.20-per-S$1 level during early trading, reaching RM3.2005 for S$1 —...

Singaporeans planning a holiday to Japan may soon find themselves paying more after the United States joined Japan in an unprecedented effort to strengthen the Japanese yen.The coordinated currency intervention has pushed the yen higher against the Singapore dollar...

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...