Business
Cambodia opens US$2b Chinese-built airport
Techo airport will be able to handle up to 13 million passengers a year, and aims to reach 50 million by 2050 A US$2 billion Chinese-built…
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Business
Business
Singapore stocks end lower amid mixed regional trading; STI down 0.3%
Across the broader market, losers beat gainers 291 to 275, as 1.6 billion securities worth S$1.4 billion change hands Local shares ended…
Business
Chinese property stocks jump on policy, lending boost
Top gainers included Country Garden and Shimao Group Holdings, whose shares rose more than 30% Chinese property shares surged in Hong…
Business
China property stocks jump on policy, lending boost
Top gainers included Country Garden and Shimao Group Holdings, whose shares rose more than 30% Chinese property shares surged in Hong…
Business
Dutch government plans to cut ABN Amro stake to about 20%
The Dutch government is embarking on another reduction in its stake in ABN Amro Bank as it continues to gradually pare its holdings in the…
Business
BOJ likely to trim super-long bond buying in Q4
The Bank of Japan is likely to slightly reduce its purchases of super-long government bonds in the fourth quarter despite recent rises in…
Business
Novartis to buy US biotech Tourmaline Bio for US$1.4 billion
Novartis agreed to buy Tourmaline Bio in a deal valued at about US$1.4 billion as the Swiss drugmaker continues to pursue bolt-on deals to…
Business
Singapore must tap technology to ‘leapfrog’ regional peers in equity markets: Piyush Gupta
AI could be used in compliance and oversight, such as in distributed ledger technology which can reduce the cost of listings by automating…
Business
Goldman lands US$40 billion mandate from Shell for pension assets
Goldman Sachs Group won a US$40 billion mandate from Shell to oversee pension assets for the energy company, in one of the biggest…
Business
Gold heads towards US$4,000 mark as markets grapple with dollar doubts, Fed uncertainty
Analysts note confidence in the precious metal is ultimately linked to sentiment towards the greenback Gold is blazing a trail towards…
Business
VinFast plans US plant in 2028 as it seeks equity backers
The automaker will prioritise Asia, including India, Indonesia and the Philippines, over North America and Europe, where high logistics…
Business
GIC, SoftBank are said to weigh selling stake in fintech VNLife
The Vietnamese fintech firm has a presence in Vietnam, Singapore, Myanmar and Cambodia GIC and SoftBank Vision Fund are considering…
Business
Singapore early-stage emerging tech startups see 14% rise in deal volume, but funds raised slip 8%
There were 56 deals in 2024, up from 49 a year ago, though funding raised dipped from US$402 million to US$371 million Singapore’s early…
Business
Asia: Most markets rise on US rate hopes, Tokyo hits record
ASIAN markets mostly rose on Tuesday fuelled by optimism the Federal Reserve will slash interest rates this year, with gains led by a…
Business
Dairy duty: Indonesia presses businesses to find a million cows
A lack of cattle means the world’s fourth-largest country by population relies mostly on milk powder imported from Australia, New Zealand…
Business
China derivatives fuel 36% surge in SGX trading volume to 31.8 billion units in August
Value traded up 17% to S$33 billion; SGX cites global institutions tapping into China-access derivatives to manage risk across multiple…
Business
MetaOptics surges 25% on Catalist trading debut
The company’s placement of 30 million shares at S$0.20 apiece has brought in S$6 million Semiconductor optics company MetaOptics’ share…
Business
MetaOptics closes 20% up from IPO price on Catalist trading debut
The company’s placement of 30 million shares at S$0.20 apiece has brought in S$6 million Semiconductor optics company MetaOptics’ share…
Business
Indonesian markets face sell-off after finance minister’s exit
The rupiah has already weakened more than 1% against the US dollar this year, the worst-performing currency in Asia after the Indian rupee…
Business
Indonesian currency, stocks fall after finance minister’s exit
The rupiah has already weakened more than 1% against the US dollar this year, the worst-performing currency in Asia after the Indian rupee…
Business
Corona, Budweiser to be exclusively distributed by GS Holdings subsidiary ODN in Singapore
Corona and Budweiser beers will be exclusively distributed by GS Holdings’ wholly owned subsidiary Octopus Distribution Networks (ODN) in…
Business
Corona, Budweiser get new drinking buddy in SGX-listed GS Holdings
AB InBev’s Corona and Budweiser rank first and second in Most Valuable Global Brands report; Singapore beer market hit US$9.3 billion in…
Business
Gold prices trade above US$3,600 on Fed rate-cut bets
Investors are now awaiting US producer price data on Wednesday and consumer prices on Thursday for further clues on the Fed’s policy path…
Business
Australia’s sovereign wealth fund tops A$252 billion, reduces US portfolio
Australia’s sovereign wealth fund, the Future Fund, said on Tuesday its valuation had reached A$252 billion (S$213.2 billion) as it pared…