Posts by Swedan Margen
No longer a ‘boring’ telco: Singtel’s S$13.8 billion data centre bet with KKR to power its transformation
By teaming up with KKR to take a controlling stake in STT GDC, the telco is moving from the regional league to the global main stage [SINGAPORE] When the market whispers about a S$13 billion deal, people usually listen. But when Singtel and private equity giant KKR are the ones doing the talking – and…
Read MoreNo longer a ‘boring’ telco: Singtel’s multibillion-dollar data centre bet with KKR to power its transformation
By teaming up with KKR to take a controlling stake in STT GDC, the telco is moving from the regional league to the global main stage [SINGAPORE] When the market whispers about a S$13.8 billion deal, people usually listen. But when Singtel and private equity giant KKR are the ones doing the talking – and…
Read MoreChina’s Nanshan Group plans 100,000 bpd refinery in Indonesia
Published Wed, Feb 4, 2026 · 01:38 PM [SINGAPORE/JAKARTA] China’s Shandong Nanshan Group plans to build an oil refinery on Indonesia’s Bintan island, where the privately controlled firm operates a large alumina plant, according to three Chinese sources and an Indonesian official. Chinese firms have been looking to set up refineries in South-east Asia, where…
Read MoreFord and Geely in talks for manufacturing, technology partnership, sources say
Published Wed, Feb 4, 2026 · 01:20 PM FORD and China’s Geely are in discussions about a potential partnership, eight people with knowledge of the ongoing talks said, as the world’s carmakers look to share heavier technology and manufacturing costs. The companies are in talks to have Geely use Ford factory space in Europe to…
Read MoreShipping firms face tough 2026 as reopening of Red Sea looms
Maersk has made two successful passages for the first time since Yemen-based Houthis began attacking vessels in 2023 Published Wed, Feb 4, 2026 · 01:18 PM [HONG KONG] Global container liners are bracing for lower profits in 2026 as the potential reopening of the Red Sea shipping route weighs on freight rates, exacerbating oversupply issues…
Read MoreBoeing expects to start delivering improved 787 Dreamliners in first half
Published Wed, Feb 4, 2026 · 12:34 PM [SINGAPORE] Boeing expects to begin delivering improved 787-9 and 787-10 Dreamliners to airlines in the first half of this year, enabling longer flights or greater cargo capability, a senior executive said on Wednesday. Improvements to the maximum takeoff weight of the wide-body planes will let airlines fly…
Read MoreGlobal investors shun Thailand as election overhang hits assets
The nation’s assets have fallen out of favour amid a sluggish economy, weak tourism and recurring political unrest Published Wed, Feb 4, 2026 · 12:16 PM [SYDNEY] Thailand’s inability to revive its economy has left its stocks and bonds in an unenviable position: cheap, unloved and increasingly irrelevant. Some of the world’s biggest money managers…
Read MoreNintendo shares slide 10% as momentum fears grow
Published Wed, Feb 4, 2026 · 12:01 PM [TOKYO] Nintendo shares slid 10 per cent on Wednesday as investors fretted about momentum for its flagship Switch 2 gaming device. The Kyoto-based gaming company on Tuesday reported robust sales for the Switch 2 during the year-end shopping season, though the system is viewed as lacking high-profile…
Read MorePhilippine garment makers find they can’t quit the US just yet
Published Wed, Feb 4, 2026 · 11:55 AM [MANILA] When US President Donald Trump set a 19 per cent tariff on exports from the Philippines last July, its key body representing foreign buyers of apparel, including Walmart and Neiman Marcus Group, pledged to shift gear and focus on other destinations such as the Middle East…
Read MoreHong Kong property bets grow as private credit fund plans to double investment
The commercial real estate sector remains under pressure, offering opportunities for lenders willing to take more risk Published Wed, Feb 4, 2026 · 11:29 AM [HONG KONG] A Hong Kong-based private credit fund aims to double its lending into distressed opportunities in the city, adding to a growing list of money managers positioning for further…
Read MoreGIC, Temasek revamp how they deal with hedge funds
Published Wed, Feb 4, 2026 · 10:58 AM SINGAPORE’S two largest state-owned investors are making major changes to the way they work with hedge funds, in moves that could affect billions of dollars in allocations. Sovereign wealth fund GIC is in the midst of a shakeup of its external managers department, replacing its veteran head and…
Read MoreGold extends rally, jumps over 2% after best day since 2008
A weaker US dollar makes greenback-priced bullion more affordable for holders of other currencies Published Wed, Feb 4, 2026 · 10:01 AM Gold prices climbed more than 2 per cent on Wednesday (Feb 4), building on their best day since 2008 in the previous session, as bargain-hunting and a softer US dollar supported bullion. Spot…
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