Business
Samudera Shipping unit, Imoto Corporation enter JV to set up shipping company in Japan
Blue Ocean Shipping will be headquartered in Kobe and is expected to begin operations in the first half of 2026 A subsidiary of container…
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Business
Business
Keppel divests remaining interests in two Singapore data centres for S$50.5 million to Keppel DC Reit
Asset manager Keppel announced on Tuesday (Dec 16) that its connectivity division has agreed to sell its stakes in two data centres for a…
Business
Amazon European hub in Luxembourg braces for record job cuts
Amazon.com’s decision earlier this year to axe 14,000 employees around the globe is reverberating at the company’s European headquarters…
Business
Manulife US Reit unitholders agree to strategic pivot into non-office sectors
The shareholders approve two resolutions to support the Reit’s ‘Growth and Value Up’ plan Unitholders of Manulife US Reit (MUST) have…
Business
Airline Caterer Gategroup said to pick banks for Zurich IPO
The world’s biggest in-flight caterer Gategroup Holding has selected banks for an initial public offering, which could take place as soon…
Business
Singapore stocks edge lower ahead of key US data; STI down 0.2%
Singapore stocks ended lower on Tuesday (Dec 16), ahead of a slate of US economic data due later in the day. The benchmark Straits Times…
Business
‘Shadow banking’ growing at double the rate of traditional lenders, FSB says
The sector’s rapid growth alarms regulators over weak transparency and risks spilling into broader financial markets The non-bank…
Business
MUFG’s next CEO Hanzawa seeks growth to close gap with global rivals
Hanzawa, 60, who is currently the head of the main banking unit, will succeed Hironori Kamezawa on Apr 1 Junichi Hanzawa, the next chief…
Business
TotalEnergies wins 21-year deal to power Google data centres in Malaysia
The power supply contract is expected to take effect in the first quarter of next year France’s TotalEnergies said on Tuesday (Dec 16) it…
Business
Thai central bank is 'taking action' on baht, worried by rapid rise
Thailand’s central bank has taken action to tackle the appreciation of the baht, governor Vitai Ratanakorn said on Tuesday (Dec 16). It is…
Business
China AI chip firm Biren to launch Hong Kong IPO in coming weeks: sources
The company is banking on rapid growth as China seeks to develop domestic alternatives to US semiconductors [BEIJING/HONG KONG] Chinese…
Business
DBS, OCBC hit new records but UOB lags
The new records follow DBS’ appointment by the Chinese central bank to be the first local bank to serve as a yuan clearing lender Shares…
Business
Stock investing in 2026 demands diversification, active approach amid AI boom, geopolitical risks
Markets across Asia are likely to benefit from recent Fed rate cuts as well as a weaker US dollar Diversification and active management…
Business
Philippine wealth fund to invest in port company Asian Terminals
The Philippine sovereign wealth fund has pursued a few deals since its inception in 2023 Philippine sovereign wealth fund Maharlika…
Business
Asian markets retreat ahead of US jobs as tech worries weigh
ASIAN markets extended losses with Wall Street on Tuesday as investors jockeyed for position ahead of key US jobs and inflation data,…
Business
Economists at CBA, NAB call for Australia February rate hike
RBA Governor Michele Bullock has ruled out further policy easing last week after keeping rates steady The Commonwealth Bank of Australia…
Business
Gold edges higher on US rate outlook; silver dips but stays near record high
Gold prices edged higher on Tuesday (Dec 16), supported by expectations of a US interest rate cut in January, as investors awaited key…
Business
JPMorgan debuts first money market fund tokenised on Ethereum
MONY, open to qualified investors, allows them to earn a yield while holding the token on the blockchain JPMorgan Chase’s asset management…
Business
JPMorgan lets rich European clients borrow against luxury cars
The Wall Street giant’s private bank will give clients the option of borrowing against classic, rare or custom-designed automobiles…
Business
McKinsey plots thousands of job cuts in slowdown for consulting industry
The firm’s revenue growth has flatlined in the last five years, leading to a reset after rapid hiring over the prior decade As McKinsey…
Business
IndiGo chaos unmasks fragility of India’s aviation market
The crisis that has engulfed the airline, and led to more than 580,000 passengers being stranded In a matter of days, the reputation of…
Business
Stocks to watch: Singapore Airlines, CSE Global, ST Engineering
The following companies saw new developments that may affect trading of their securities on Tuesday (Dec 16): Singapore Airlines (SIA):…
Business
Stocks to watch: Singapore Airlines, CSE Global, ST Engineering, Raffles Education
The following companies saw new developments that may affect trading of their securities on Tuesday (Dec 16): Singapore Airlines (SIA):…
Business
Bjak founder weighs IPO as Malaysia insurtech expands abroad
Bjak, Malaysia’s largest online insurance aggregator, is mulling an initial public offering (IPO) within the next two years as it seeks to…