Business
Wee Hur Holdings prices S$30 million notes due 2030 at 4.8%
Property developer Wee Hur on Monday (Nov 24) launched and priced S$30 million worth of fixed-rate notes due in 2030 at 4.8 per cent.…
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Business
Business
Saudi Aramco weighs raising billions of dollars from its biggest disposals yet
Saudi Aramco is considering plans to raise billions of dollars by selling a range of assets, people familiar with the matter said, deals…
Business
Amid AI frenzy, concerns mount over sustainability of equity rally as valuations continue to soar
The bulls say the AI boom is unlike the dotcom boom in that the main players this time are extremely profitable giants such as Microsoft,…
Business
China's Unipec agrees to jet fuel term supply deal with Lufthansa
China’s state oil trader Unipec, a vehicle of refining giant Sinopec Corp, has signed a term deal to supply about 60,000 metric tons of…
Business
JTC, NUS to explore setting up new facility on Jurong Island to test green data centre innovations
Separately, refiner Aster will invest US$150 million in a new gas turbine, and inks deal to produce low-carbon hydrogen Industrial…
Business
Singapore stocks rise amid mixed regional trading; STI up 0.6%
Across the broader market, gainers outnumber losers 336 to 238 after 2.1 billion securities worth S$3.2 billion change hands Singapore…
Business
Revolut’s valuation hits US$75 million as it completes fundraising
Digital bank Revolut has concluded fundraising – comprising secondary share sales for employees and fresh capital – bringing its valuation…
Business
Revolut’s valuation hits US$75 billion as it completes fundraising
Digital bank Revolut has concluded fundraising – comprising secondary share sales for employees and fresh capital – bringing its valuation…
Business
Rupee gains as RBI returns to defend currency after slump
INDIA’S rupee bounced back after the Reserve Bank of India (RBI) resumed efforts to support it, following a sharp drop last Friday when…
Business
DBS said to revise Alliance Bank offer proposal to 30% stake
It made the decision after failing to get approval for its initial request to buy as much as 49% Singapore’s biggest bank has withdrawn an…
Business
Old images of captured weapons falsely shared as recent seizure
As the Myanmar junta seized key townships from rebel groups ahead of elections in December, old photos from a munitions bust in November…
Business
Dubai property frenzy sets developers on a US$6 billion debt spree
From Islamic bonds to private credit, they ride one of the Gulf country’s longest real estate booms in years Property developers in the…
Business
Breaking Barriers in Cloud Health Monitoring
Think of an evening in late 2025, where a single AWS region flickers for just 17 minutes; but with an impact that is brutal. A large…
Business
From Security to Simplicity: The Top 5 Wallets Powering the Next Wave of Crypto Adoption
As cryptocurrency adoption surges beyond early enthusiasts and into mainstream finance, the tools users rely on to secure, store, and…
Business
Thailand eyes tougher gold-trade rules after baht swings
Thailand’s central bank plans to tighten reporting rules for gold transactions after rising bullion flows contributed to swings in the…
Business
Alibaba’s main AI app debuts strongly in effort to rival ChatGPT
Qwen’s debut underscores how AI apps have set new highs for rapid adoption in recent times Alibaba Group Holding’s Qwen app drew more than…
Business
Singapore court clears way for US$2.7 billion suit against Stanchart in 1MDB scandal-linked claim
Claims involve alleged US$150 million deposit to Najib Razak and millions for Rosmah’s bags and jewellery The Singapore High Court has…
Business
Indian central bank likely intervenes to prop up rupee before local market open, traders say
The Reserve Bank of Indian likely intervened to support the rupee before the local spot market opened on Monday, four traders told…
Business
Asia: Stocks rise as US rate hopes soothe nerves after torrid week
ASIAN markets mostly rose on Monday as fresh hopes for a US interest rate cut provided some calm after last week’s rollercoaster ride…
Business
Surging Chinese imports of Indonesia oil point to rebranded Iranian crude, traders say
China’s imports from Malaysia have almost halved since July from this year’s peak in March at 8.5 million tonnes China is importing…
Business
Owning luxury hotels is tough; long term rewards await patient capital
Jardine Matheson and Frasers Property could gain from hotel ownership over the long term The prestige associated with owning luxury hotels…
Business
Lenovo stockpiling PC memory due to ‘unprecedented’ AI squeeze
The company will aim to avoid passing on rising costs to its customers in the current quarter, as it wants to sustain this year’s strong…
Business
Three companies picked to supply methanol at Singapore port in drive to be sustainable bunkering hub
Global Energy Trading, Golden Island and PetroChina issued licences to supply methanol as marine fuel The Maritime and Port Authority of…
Business
Gold dips as US dollar firms on reduced rate-cut prospects
The precious metal, a non-yielding asset, tends to do well in low-interest-rate environments Gold prices dipped on Monday (Nov 24),…