TikTok-owner ByteDance is planning to buy back up to US$6 billion worth of shares from existing investors at a valuation of about US$400 billion, The Information reported on 12 Nov, citing a letter to shareholders and a person familiar with the plans. Reuters could not immediately verify the report. The Chinese technology company, which owns the popular short-video platform TikTok, is offering to repurchase shares from current investors at the US$400 billion valuation. The buyback plan would see ByteDance spend up to US$6 billion to acquire stakes from existing shareholders.
CBRE is marketing two adjoining freehold bungalow plots at 15 and 15A Camden Park in Singapore's Good Class Bungalow area. The sites have guide prices of S$26 million and S$27 million respectively, with expressions of interest closing on 20 Jan 2027.
Wheelock Place on Orchard Road has been renamed LANDMARK Orchard, marking the first use of the LANDMARK name outside Hong Kong. The property was acquired in August by Hongkong Land through its Singapore Central Private Real Estate Fund in a deal valued at about S$1.1 billion.
United Airlines said on 11 Nov 2026 it will block AI bots from its digital platforms, citing data security and regulatory concerns. The carrier warned that third-party AI assistants could expose sensitive information, trigger unauthorised transactions, and create compliance risks with safety protoco
Australian-founded fintech firm Airwallex announced on 11 Nov 2026 plans to invest over S$2 billion in Singapore over five years and grow its local workforce to more than 1,000 employees. The company officially opened its expanded office space in Guoco Tower, which serves as its global co-headquarte
Deutsche Bank has launched its digital asset custody service for paying clients, offering safekeeping and storage of assets such as bitcoin and ether. The service initially targets institutional and corporate clients in Europe, with plans to expand to Asia.
A Singapore condominium shop owner has lost its legal challenge against vending machines installed outside its units at Robinson Suites. The Strata Titles Board ruled the management corporation had the authority to lease common property and ordered the owner to pay S$10,000 in costs.
CoreWeave beat Wall Street estimates with S$3.66 billion in third-quarter revenue, a 170 per cent surge, and lifted its 2026 revenue forecast to between US$13.0 billion and US$13.3 billion. The Nvidia-backed company, which carries US$46.9 billion in total debt, also raised its annual spending target
Anthropic's IPO plans to raise as much as US$64.4 billion, with a target valuation of up to US$1.02 trillion, according to a regulatory filing. The share sale, priced between US$70 and US$78 per share, is seen as a key test of investor appetite for AI-related investments amid growing concerns about
The National Environment Agency has granted 29 non-profit organisations a final extension until 30 Nov to receive and distribute drinks without the Beverage Container Return Scheme deposit mark. The one-month grace period for smaller retailers ended on 31 Oct.
KFC Singapore is launching a limited-time Avengers: Doomsday menu from 25 Nov 2026 to 12 Jan 2027. The collaboration features a Doctor Doom Burger, green-seasoned fried chicken, and blind-box Colonel Sanders figurines dressed as Marvel characters.
Nvidia CEO Jensen Huang admitted to an affair with Alice Huang, a former Megaspeed executive, prompting a board investigation into potential foreign intelligence targeting. The scandal raises questions about his leadership and Nvidia's succession planning.
Morgan Stanley, UBS and HSBC say last week's AI selloff was overdone, arguing that extreme regulation of data centres under a Democrat-controlled Congress is unlikely. They point to Nvidia's upcoming earnings and Anthropic's IPO as bigger catalysts for the AI trade.
China Investment Corporation and PGIM are asking S$1.2 billion to S$1.25 billion for their combined 50 per cent interest in Singapore's Nex shopping mall. The expression of interest exercise has closed, with bids now under review by the sellers.
Punggol residents expressed safety concerns after two near misses involving autonomous vehicles on 5 Nov, including a schoolgirl nearly hit by a Grab AV. Despite the incidents, most of the 12 residents interviewed by CNA support trials continuing once investigations are complete.
A fund managed by Schroders Capital is seeking about S$220 million for Wisteria Mall in Yishun, its second attempt to sell the suburban mall after a bid last year at S$240 million failed. Knight Frank and Savills are running an expression of interest campaign, with bids due by 26 November.
US operator Equinix has opened its sixth Singapore data centre, SG6, with an initial investment of about S$290 million. The facility delivers 8 megawatts across 1,550 cabinets in its first phase and is among the first built under Singapore's data centre call for application framework.
Tech executive Alice Huang, a top figure at Singapore-based data centre firm Megaspeed International, has been accused of spying for China during an affair with Nvidia CEO Jensen Huang, according to media reports. Public details about Huang and the company remain sparse, with investigations ongoing
Utilities and developers racing to power AI data centres are scouring the world for second-hand gas turbines, reviving mothballed machines and converting retired jet engines, as lead times for new equipment stretch into the next decade. The secondary market is surging, but analysts warn it will only
Veteran interior designer Mike Lim warns that Singapore’s shopping malls are becoming increasingly homogeneous and need to be reimagined as social spaces. His recent projects, including Ombak KLCC in Kuala Lumpur, offer a blueprint for how design and community-focused amenities can differentiate mal
OpenAI has closed US$11 billion in new funding, the initial tranche of a round that values the company at US$1.25 trillion, according to a Bloomberg News report. The deal was confirmed on 6 Nov 2026.
Experts call for research into menopause's economic toll on Singapore, where 74% of affected women say symptoms interfere with work. Advocates warn that unsupported health needs may drive experienced women from the workforce as the population ages.
More than 100 activists broke into a Microsoft data centre construction site in Amsterdam on Friday, kicking off two days of rallies across 16 countries organised by the 'Stop Dirty Data Centres' coalition. The protests highlight growing backlash over the rapid build-out of AI computing power, with
The Singapore Armed Forces' Digital and Intelligence Service inaugurated the DIS Training Command on 6 Nov 2026 at Bukit Panjang Camp. The command consolidates training entities across six domains to keep personnel current with rapidly evolving technologies and threats.
Singapore biomedical startups Lion TCR and BetaLife are expanding into China to accelerate development of new cancer and diabetes treatments. They are leveraging China’s vast patient pool, hospital networks and manufacturing capabilities, while navigating the country’s evolving regulatory landscape.
A family office has acquired the 134-room QT Singapore hotel on Robinson Road for more than S$260 million, or over S$1.94 million per key. The conserved colonial-era building, built in 1927 and formerly Hotel Telegraph, was sold by Sunray Singapore with 45 years left on its 60-year lease.
Singapore Post's net profit for the first half of its financial year rose 183.7% year-on-year to S$55.9 million, driven by one-off gains from the sale and leaseback of 10 HDB post office shophouses. Underlying net profit more than doubled to S$11.5 million despite a 1.3% dip in revenue to S$185.9 mi
Brent crude is on track for a 12 per cent weekly drop and WTI for 12.1 per cent, driven by expectations that the US Democrat midterm win could de-escalate the Iran war. However, renewed tanker attacks in the Strait of Hormuz and supply concerns have provided a floor, with both benchmarks rising for
Alphabet's Google plans a US$17 billion data centre in Wyoming, its first in the state, partnering with Tallgrass Energy, Black Hills Energy, American Electric Power and Related Digital. The announcement comes as 40 of 41 data-centre-related ballot measures in the US midterm elections went against t
IJM Perennial Development's Lightwater Residences in Penang has been named Top Development (Northern Malaysia) and Top Luxury Development (Northern Malaysia) at the EdgeProp Singapore Excellence Awards 2026. The 262-unit luxury high-rise project, located at The Light Waterfront Penang, has signed sa
BRDB Developments' freehold villa project Eden Taman Duta has won Top Development (Central Malaysia) and Top Luxury Development (Central Malaysia) at the EdgeProp Singapore Excellence Awards 2026. The 146-unit development in Kuala Lumpur's Taman Duta enclave is scheduled for completion by 2030.
A 2,800-year-old Scythian burial mound in Siberia's Uyuk Valley has produced the earliest direct evidence of cannabis consumed for its mind-altering effects. Researchers found over 1,400 cannabis seeds and detected THC in human hair from the tomb, predating previous evidence by centuries.
OpenAI released GPT-6 Cyber, a cybersecurity model rated 'Critical' under its safety framework, to select Daybreak Red customers on Thursday. The model found 81 previously unknown Firefox vulnerabilities and helped develop exploits for 948 Linux kernel flaws.
Jeff Bezos' Blue Origin has pushed back the launch of its New Glenn rocket to January 2027, following a major explosion earlier this year, according to a Financial Times report citing sources familiar with the matter.
Temasek-owned Mapletree Investments has appointed Citigroup, DBS and Morgan Stanley for a Singapore IPO that could raise at least S$1 billion ($783.6 million). The listing could take place as soon as next year, though the assets to be included have not yet been decided.
A comparison of Joo Chiat and Haji Lane shows independent retailers grappling with rising rents and footfall that doesn't always convert to sales. While Haji Lane offers visibility, Joo Chiat provides room for customers to linger, but both enclaves face the same question of whether the numbers work.
TeraWulf has obtained a credit backstop agreement from Alphabet's Google to support financing for its data-centre project with Anthropic in Hawesville, Kentucky. The 401 MW campus, expected online from the second half of 2027, is projected to generate about US$19 billion in contracted revenue over a
The Housing and Development Board launched 7,964 Build-To-Order flats across seven projects in six towns on 4 Nov 2026, the first sales exercise since monthly household income ceilings were raised to S$16,000 for families and S$8,000 for singles in August. The projects span Standard, Plus and Prime
A commentary by Duke-NUS and NUS academics warns that ageing Singaporean households, with about 90 per cent of wealth tied up in housing and CPF, may face financial precarity from health shocks. It calls for better understanding of net wealth, insurance trade-offs, and options like rightsizing to re
Russian President Vladimir Putin has signed a decree requiring privately owned data centres to set aside 10% of their capacity to support national IT infrastructure. The move follows recent drone attacks on facilities operated by Yandex and Sberbank.
Singapore-listed Daiwa House Logistics Trust has agreed to sell its mostly vacant Sendai warehouse to sponsor Daiwa House Industry for JPY 13.5 billion (S$85.6 million). The REIT will also acquire a fully leased Hiroshima facility, aiming to boost portfolio occupancy and restore distribution levels.
Outdoor music events at Tanjong Pagar Distripark have been paused after noise complaints from neighbours, with venue owner Mapletree asking licensees and tenants to temporarily stop such events. The move has hit independent organisers hard, with Ice Cream Sundays co-founder Jake Camacho saying the K
Asian stocks were mixed on Monday (Nov 2) as investors struggled to recover from last week's tough run fuelled by disappointing earnings from tech titans. AI-linked firms were hit by another wave of selling as Wall Street giants including Amazon, Alphabet and Microsoft signalled they would keep pour
Semiconductor equipment maker Mi Technovation Bhd plans to acquire a seven-storey light industrial building in Singapore for S$103.88 million to house its vehicle technologies headquarters. The company will seek shareholder approval for the purchase, expected to complete in Q1 2027.
Mapletree Investments is sounding out investors for an initial public offering on the Singapore exchange, potentially valuing the listed entity at up to S$5 billion. The IPO, which could take place early next year, follows the collapse of merger discussions with CapitaLand Investment. The wholly Tem
Airports Corporation of Vietnam (ACV), developer of the Long Thanh International Airport project, reduced its workforce by nearly 1,400 employees in the third quarter, bringing total headcount to just over 7,110. The cuts are part of a broader restructuring that has shrunk the number of management d
The median resale price held at S$650,000 in October 2026, unchanged from the previous month, while transaction volume fell 2.9 per cent to 2,176. Million-dollar sales accounted for 10.9 per cent of all transactions, with the highest price reaching S$1,818,000 in Queenstown.
The Housing and Development Board (HDB) will offer 1,310 Build-To-Order flats at Sembawang Anchor with a waiting time of two years and 10 months in the November sales exercise. The flats are part of a broader launch of 2,875 units across three projects with waiting times of around three years or les
Jumbo HDB flats, created by merging two units, number only about 2,900 across Singapore. A September 2026 listing of a 1,465 sq ft unit in Telok Blangah for S$2.18 million prompted HDB to review the flat conversion scheme, as owners and agents describe a niche market with financing hurdles and limit
HDB announced plans for over 6,000 new homes in Toa Payoh West, clustered around Caldecott MRT station. The first BTO project, Toa Payoh Hillside, will offer about 1,600 flats in the November 2026 sales exercise, including Community Care Apartments and a lower eligibility age of 55.