Business
Citi names banking veteran Lee Lung-Nien as new Singapore country officer and banking head
He will step into the new role on Oct 6, and is the first Singaporean to hold the post in 50 years Citi has appointed Lee Lung-Nien as…
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Business
Business
Thailand to weigh tax on gold trades to slow baht rally
Officials are discussing ways to tax gold bought and sold through various online channels and settled in baht Thai authorities are…
Business
Fading Labubu frenzy wipes US$13 billion from Pop Mart shares
The cooling frenzy over Labubu dolls has brought one of the world’s biggest stock rallies to a halt, erasing billions of US dollars from…
Business
MAS needs to boost retail share of IPO listings
It would be fairer to retail investors and add to market liquidity given the larger pool of shareholders I REFER to the commentary “It’s…
Business
Singapore fund manager Capital Asia Investments behind multi-million dollar Thai blue-chip deals
Some of these transactions are linked to a politically connected Cambodian tycoon and a prominent Thai businesswoman Singapore-licensed…
Business
China bond slump fuels speculation PBOC will resume debt buying
The Chinese bond sell-off that drove benchmark yields to the highest level in nine months last week is spurring speculation that the…
Business
Elon Musk’s Starlink reports service outage, thousands of users affected
ELON Musk’s satellite internet service Starlink is experiencing a service outage, according to a message on its website on Monday.…
Business
Elon Musk’s Starlink back online after brief service outage
Elon Musk’s satellite internet service Starlink was back online for most users after a brief outage on Monday (Sep 15), according to…
Business
SGX CEO Loh Boon Chye’s pay rises 3.3% to S$7.82 million in FY2025
This follows record high earnings and revenue for the local bourse operator in the financial year Singapore Exchange (SGX) chief executive…
Business
Asia: Markets fluctuate ahead of expected US rate cut
ASIAN markets were mixed on Monday as traders geared up for an expected interest rate cut by the Federal Reserve this week. Equities have…
Business
Hedge fund Arrowpoint seeks US$400 million in new money by March
The performance and fund-raising plans stand out in a market where investors’ appetite for multistrategy, multimanager hedge funds has…
Business
Richard Li’s FWD plans buyback of US$900 million bond via new debt
The company will use the net proceeds of the five-year and 10-year notes for general corporate purposes, including refinancing the 8.4%…
Business
Tencent appoints banks for first bond sale in four years
The company is proposing to sell offshore-yuan denominated notes with five-year, 10-year and 30-year tenors as early as Tuesday Chinese…
Business
BYD’s US$45 billion stock wipeout raises doubts on China outlook
BYD faces pressure to restore investor confidence after a US$45 billion stock sell-off, with growing concerns over its ability to fend off…
Business
UltraGreen.ai secures US$188 million investment round led by 65 Equity Partners and Vitruvian Partners
UltraGreen.ai has secured a US$188 million investment round led by 65 Equity Partners and Vitruvian Partners. Other investors in the round…
Business
Oil holds gains as investors eye impact from attacks on Russian energy facilities
Oil prices were little changed on Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries that could…
Business
Gold prices steady near record high ahead of Fed rate decision
The US central bank’s policy meeting this week comes amid challenges, including a legal dispute over its leadership and efforts to confirm…
Business
Jardine C&C subsidiaries to acquire Indonesian gold mining company for US$540 million
Two of its subsidiaries have agreed to acquire Indonesia-incorporated gold mining company Arafura Surya Alam Jardine Cycle & Carriage on…
Business
Jardine C&C units to acquire Indonesian gold mining company for US$540 million
Two of its subsidiaries have agreed to acquire Indonesia-incorporated gold mining company Arafura Surya Alam Jardine Cycle & Carriage on…
Business
Jardine C&C group aims to strike gold with US$540 million Indonesian gold mine buy
Astra International will acquire Arafura Surya Alam through two of United Tractors’ wholly-owned units Jardine Cycle & Carriage on Monday…
Business
Jardine C&C aims to strike gold with US$540 million Indonesian gold mine buy
Astra International will acquire Arafura Surya Alam through two of United Tractors’ wholly-owned units Jardine Cycle & Carriage on Monday…
Business
Jardine C&C goes for gold with US$540 million Indonesian gold mine buy
Astra International will acquire Arafura Surya Alam through two of United Tractors’ wholly-owned units Jardine Cycle & Carriage on Monday…
Business
Q&M Dental subsidiaries propose entering JV to offer laboratory services
Under that, Q&M Dental (Shenyang) will own a 49% stake and Singapore Dental Cadcam Laboratory will hold 51% Two subsidiaries of Q&M Dental…
Business
Trump expects a ‘big cut’ from Federal Reserve this week
Recent weak economic reports are raising concerns that the labour market may slide into a deeper slowdown, threatening consumer spending…