Business
Indonesia’s ‘Gasoline Godfather’ targeted in US$18 billion graft probe
[LONDON/JAKARTA] A reclusive oil merchant dominated Indonesia’s fuel trade for decades. Now he is embroiled in a US$18 billion probe into…
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Business
Business
China’s cement slump signals end of 21st-century building boom
The industry is also exposed to the government’s supply-side reforms, and further declines are likely as producers are required to shrink…
Business
Qantas fined A$90 million over illegally sacking 1,800 workers during pandemic
Qantas Airways, Australia’s largest airline, has been fined A$90 million (S$75.2 million) for illegally sacking 1,800 ground staff and…
Business
Malaysia’s currency rally not over yet as analysts eye rate cuts
Analysts are now focusing on the potential benefits of lower domestic rates, with currency sentiment further buoyed by government…
Business
Malaysia ringgit’s rally not over yet as analysts eye rate cuts
Analysts are now focusing on the potential benefits of lower domestic rates, with currency sentiment further buoyed by government…
Business
iFast Malaysian unit gets central bank approval to operate as e-money issuer
Malaysia-incorporated iFast subsidiary, iFast Pay Malaysia, has received in-principle approval from Bank Negara Malaysia to operate as an…
Business
CapitaLand Ascendas Reit proposes S$329 million divestment of five Singapore properties
The manager of CapitaLand Ascendas Reit (Clar) announced on Monday (Aug 18) the proposed divestments of five Singapore properties. These…
Business
Tokyo: Nikkei hits record high, Fast Retailing leads gains
Japan’s Nikkei share average hit a record high on Monday, tracking the Dow Jones’s higher finish last week, with Uniqlo-brand owner Fast…
Business
Japan’s Nikkei ends at record high as automakers rise on weaker yen
Japan’s Nikkei share average extended its gains from last week to end at a record high on Monday (Aug 18), as a weaker yen pushed…
Business
Stocks to watch: SIA, CapitaLand Ascendas Reit, Frasers Logistics & Commercial Trust, iFast, Frasers Hospitality Trust, Frasers Property, Oiltek
The following companies saw new developments that may affect trading of their securities on Monday (Aug 18): Singapore Airlines (SIA):…
Business
Stocks to watch: SIA, CapitaLand Ascendas Reit, Frasers Logistics & Commercial Trust, iFast
The following companies saw new developments that may affect trading of their securities on Monday (Aug 18): Singapore Airlines (SIA):…
Business
China’s Great Wall opens Brazil car plant, seeks site for second
Chinese automaker Great Wall Motor (GWM) may have just opened its first factory in Brazil, but is already scoping out sites for a second…
Business
Oiltek bags new contracts from Malaysia, Indonesia, Pakistan worth RM74.3 million
Integrated process technology and renewable energy solutions provider Oiltek announced on Monday (Aug 18) that it secured new contracts in…
Business
A 200% stock surge makes Leapmotor China’s next EV rising star
Zhejiang Leapmotor Technology, once a fringe player in China’s electric-vehicle (EV) industry, is beating all its startup rivals by sales…
Business
Tesla almost halves UK monthly lease fee as sales slump: The Times
ISH motorists can now lease a Tesla electric vehicle for just over half of what they would have paid a year ago, The Times reported on…
Business
OpenAI staffers to sell US$6 billion in stock to SoftBank, other investors
Current and former OpenAI employees plan to sell approximately US$6 billion worth of shares to an investor group that includes Thrive…
Business
A2 Milk to buy New Zealand formula plant to target China growth
The company forecasts high single-digit per cent increase in revenue in the 2026 full year A2 Milk has agreed to buy a New Zealand infant…
Business
Simba-M1 deal: Better to be a consumer than an investor in the local telecoms space for now
When I began working in Singapore back in 2000, choosing a mobile phone service provider was not hard. Many people told me Singtel had the…
Business
Bullish momentum or breakdown? Gold at a crossroads
GOLD has long held its place as a strategic asset, valued not just for its scarcity and durability, but also for its reliability in times…
Business
CapitaLand India Trust looks to new markets as it pursues higher yields
CapitaLand India Trust (Clint) will divest one-third of its data centre portfolio to its sponsor CapitaLand Investment, which is launching…
Business
National Australia Bank third-quarter cash earnings rise marginally
ONAL Australia Bank reported a slight increase in its cash earnings for the third-quarter on Monday, helped by improved margins and growth…
Business
AI boom seen driving next decade of emerging markets performance
Emerging-market (EM) funds are pivoting to capture the artificial intelligence (AI) craze, with some investors predicting that booming…
Business
A factory town in crisis shows Japan’s fading manufacturing era
Nissan Motor’s Oppama factory, opened in 1961, was once a crown jewel in Japan’s postwar rise to manufacturing powerhouse. Today, it…
Business
China’s US$11 trillion stock market is a headache for both Xi and Trump
At the heart of why consumers in China save so much and spend so little, and why Xi Jinping and Donald Trump will struggle to change that…