Business
Indonesia fines dozens of palm oil, mining companies US$2.3 billion for operating in forest areas
The task force handed over 1.5 million hectares of plantations to state firm Agrinas Palma Nusantara An Indonesian government task force…
Section
Business
Business
NESO unveils clean power project pipeline to unlock yearly $53.3bn investment
The National Energy System Operator (NESO) has announced a new pipeline of energy projects that will be fast-tracked for connection to…
Business
Bank of England plans staffing cuts because of budget pressures
The Bank of England is planning to reduce head count as its finances become strained by the cost of the modernisations recommended by Ben…
Business
OCBC invests in low-carbon steel in Malaysia’s Sabah
The investment is for the development of a hot briquetted iron plant, which will be part of South-east Asia’s largest integrated…
Business
Singapore stocks end lower amid mixed regional trading; STI down 0.5%
Singapore stocks ended lower on Monday (Dec 8), amid mixed trading in the region. The benchmark Straits Times Index (STI) lost 0.5 per…
Business
Vietnam's Export Revenue Surpasses US$280 Billion as High-Value Goods Drive Growth
Vietnam recorded strong trade performance over the recent period, with export earnings exceeding US$280 billion, driven largely by…
Business
Courts, Prism+ rapped by consumer watchdog for misleading website features
The watchdog urges consumers to review their shopping carts, verify payment amounts and question urgency claims The Competition and…
Business
Largest Vietnam fund manager eyes UpCom listing in first quarter
The country has made notable progress this year in easing market access for overseas investors Vietnam’s biggest fund manager Dragon…
Business
Chalhoub Group at 70: Rewriting the Playbook
DUBAI — For seven decades, Chalhoub Group has built its empire by bringing the world’s most prestigious luxury brands to the Middle East.…
Business
CEO TALKS: Galeries Lafayette’s Nicolas Houzé Talks Big Investment Bets as ‘Boring Retail Is Dead’
PARIS — Retail runs in Nicolas Houzé’s blood. A fifth-generation member of the French family behind Galeries Lafayette, Houzé joined the…
Business
South Korea Pushes No-Fault Liability After Upbit Hack
Photo by BeInCrypto South Korean regulators are pushing strict no-fault liability rules on cryptocurrency exchanges, following a $28…
Business
Crypto exchange Binance gains regulatory win in Abu Dhabi
Binance Holdings has won three separate licenses from Abu Dhabi’s financial regulator, giving the crypto exchange giant one of its most…
Business
Shell resumes Indonesian sales after restrictions curbed supply
Shell has resumed petrol sales at its retail stations in Indonesia after import restrictions curbed supply and left its outlets…
Business
Microsoft “aggressively” looking at South-east Asian clean energy projects amid data centre boom
The tech giant will also “take a very close look” at Singapore’s latest call to build new data centres Microsoft is looking into…
Business
Oil hovers near two-week highs on expected US interest rate cut, geopolitical risk
Oil prices hovered at two-week highs on Monday (Dec 8) as investors expect a likely US Federal Reserve interest rate cut this week to lift…
Business
This newly listed stock soared 500% in 3 months - what’s its rocket fuel?
Shares of semiconductor optics company Metaoptics dived as much as 18 per cent on Monday (Dec 8) morning. The counter opened at S$1.26 on…
Business
Metaoptics drops 18% on profit-taking after soaring for 3 months
Shares of semiconductor optics company MetaOptics dived as much as 18 per cent on Monday (Dec 8) morning. The counter opened at S$1.26 on…
Business
Asian stocks stagger as traders prepare for expected US rate cut
Asian equities drifted on Monday (Dec 8) as investors gear up for an expected US interest rate cut this week, with debate centring on the…
Business
Too big to fail? IndiGo crisis exposes risks in Indian aviation
With US$9 billion in revenues and US$807 million in profits last fiscal year, the airline dominates India’s aviation sector A wave of…
Business
Ex-Nvidia manager worth US$4.3 billion after blockbuster China IPO
In late 2023, Zhang Jianzhong faced one of the darkest hours of his career. His Chinese startup, Moore Threads Technology, was forced to…
Business
Robinhood to enter Indonesia with brokerage, crypto trader acquisition
The country has more than 19 million capital market investors and 17 million cryptocurrency traders Robinhood Markets will acquire…
Business
Gold gains as Fed rate-cut optimism dents dollar
Dovish commentary from several Fed officials has further fuelled expectations of monetary easing Gold prices edged higher on Monday (Dec…
Business
United Food receives two letters of demand from WongPartnership
United Food announced on Friday (Dec 5) that it received two letters of demand dated Dec 3 from WongPartnership, on behalf of the firm…
Business
WongPartnership issues payment demand to United Food for S$358,000 in unpaid professional fees
United Food announced on Friday (Dec 5) that it received two letters of demand dated Dec 3 from WongPartnership, on behalf of the firm…