TSMC Q3 Profit Jumps 69% to Record as AI Chip Demand Accelerates
Taiwan Semiconductor Manufacturing Company posted a record NT$763.1 billion third-quarter profit as strong AI demand drove revenue and advanced-chip sales higher.
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IOI Properties Eyes US$760 Million Singapore Deal for Chijmes and Capitol Kempinski
IOI Properties Group is in exclusive talks to acquire Singapore’s Chijmes and Capitol Kempinski, extending a property expansion that has lifted its Singapore commercial portfolio to about S$10 billion.
BOJ’s Koeda Urges Timely Rate Increases as Inflation Risks Persist
BOJ board member Junko Koeda said policymakers should not be overly cautious about raising rates as inflation risks remain elevated.
ByteDance Nears MediaTek Deal for Custom Data-Centre Chips
ByteDance is reportedly in advanced talks for MediaTek to supply customised data-centre chips, although terms and volumes remain unconfirmed.
IMF Sees Asian Growth Slowing as Energy and Yield Risks Build
The IMF forecasts Asia's growth will slow to 4.4% in 2027 as energy shocks, higher global yields and AI-related concentration risks build.
Ubisoft Plans 70 Singapore Job Cuts as Global Restructuring Deepens
Ubisoft plans to cut 70 jobs at its Singapore studio and proposes closing Finland's RedLynx operation as it pursues further cost reductions.
IMF Signals Continued Support as Sri Lanka Nears Programme Exit
The IMF says it remains ready to support Sri Lanka after the current programme ends, while the seventh review awaits Executive Board consideration.
Asian Markets Tumble as US Inflation Revives Rate-Hike Fears
Asian equities fell sharply after hotter US inflation lifted rate expectations, with the Kospi down 8% and the Nikkei 225 losing 5%.
New World Secures Early Support for US$189 Million Debt Exchange
New World Development expects to issue about US$189.1 million of new secured notes due 2032 after receiving sufficient early debt-exchange tenders.
Singapore Plans Employer Grants for Flexible-Load Job Redesign
Singapore plans to support employers that pilot flexible-load jobs, with selected sectors testing redesigned tasks and output-linked compensation.