capital expenditure News

TSMC's Profits Skyrocket: A Deep Dive into the Semiconductor Giant's Stellar Earnings

TSMC forecasts a 58% surge in net income to $11.4 billion, following a record-breaking quarterly revenue of $26.4 billion, driven by global semiconductor demand and AI advancements...

Government Departments Slash Capital Expenditures: A Deep Dive into Telecom, Railways, and More

Major government departments, including telecom, defense, railways, and highways, have reduced their capital expenditures, with the Department of Economic Affairs also showing caut...

Oatly Announces Closure of Singapore Plant, Impacting 34 Employees

Swedish beverage company Oatly announces closure of its Singapore plant in Senoko, affecting 34 employees. The decision aims to improve future cost structure and reduce capital exp...