Costs
Malaysia’s oil giant Petronas looks abroad to help cut production costs
[KUALA LUMPUR] Petroliam Nasional (Petronas), Malaysia’s state-owned oil and gas company, is looking to expand output from more affordable assets abroad in an effort to cut production costs and...
Eating out loses its shine; some listed F&B players are in the red on wilting demand, high costs
[SINGAPORE] As listed food and beverage (F&B) operators cite a drop in demand for restaurant meals amid high rental rates and operating costs, analysts say this is pointing to...
US Open food and drink prices confirmed as fans fume at eye-watering costs
The US Open gets underway on Thursday, with Rory McIlroy bidding to win his second major of the year, but supporters' attention has been drawn to the price of...
Barclays cuts more than 200 investment bank jobs to reduce costs
[LONDON] Barclays is preparing to cut more than 200 jobs in its investment bank in the coming days as part of chief executive officer CS Venkatakrishnan’s plan to boost...
Asean power grid could unlock 25 GW of renewable capacity, lowering Singapore’s electricity costs: Rystad Energy
[SINGAPORE] A regional power grid that allows for electricity trade between Asean nations, if fully realised, could unlock projects that can deliver up to 25 gigawatts (GW) of renewable...
US firms plan to pass Trump tariff costs to consumers: Federal Reserve minutes
[WASHINGTON] US firms have warned the Federal Reserve that the cost of President Donald Trump’s tariffs will likely be borne by consumers, according to minutes of the bank’s most recent...
Trump says Canada's Golden Dome membership costs $61 billion — or free as 51st state
Within hours of Canada’s sovereignty being made abundantly clear by its King in a historic and symbolic speech from the throne in the nation’s capital, U.S. President Donald Trump...
Jack Ma-backed Ant’s profit fell 31% on AI, new business costs
[BEIJING] Ant Group’s quarterly profit fell 31 per cent as the firm invested in artificial intelligence and other initiatives to bolster revenue growth. The Hangzhou-based online finance firm contributed 1.76...
