Business
Wee Hur selling Adelaide student accommodation property for S$14.2 million
The buyer is Grenfell Trust, an indirect 90.48 per cent owned sub-trust of Wee Hur PBSA Fund III A Wee Hur Holdings announced that its 80…
Archive
The Latest
Business
Singapore stocks track regional market gains; STI up 0.4%
Local telco Singtel is the most actively traded counter on the STI by volume. It ends the day at S$4.26, 0.2% up Local shares ended Monday…
Business
Eni, Petronas merge Indonesia, Malaysia assets in joint venture
The new entity, NewCo, will manage 19 assets, 14 in Indonesia and five in Malaysia Italy’s Eni and Malaysia’s state energy company…
Business
India’s RBI is back defending rupee as October gains fizzle
THE Indian rupee is inching closer to a new low again, with the central bank’s recent interventions providing only a limited respite for…
Business
CDLHT poised to benefit from interest-rate cuts as hotel outlook improves
CDL Hospitality Trusts (CDLHT) is shaping up to become one of the key beneficiaries of falling interest rates. The weighted average cost…
Business
Singapore share buyback consideration hits 10-year high of S$1.91 billion
Share buybacks on the Singapore Exchange (SGX) have surged to a 10-year high, the local bourse reported on Monday (Nov 3). Companies…
Business
Gold bugs’ bankers take a step back in time
Clients increasingly want to hold gold as a portfolio hedge, so banks are responding with old-fashioned customer service and commensurate…
Business
Chinese jewellers to bear the brunt of gold tax change
The changes will spur more member buying and curb off-book gold trades, pushing volumes to the bourse Chinese jewellers and smaller firms…
Business
Seatrium to sell ship-owning unit to Brazilian vessel operator for US$59.7 million
This is in line with its strategy of divesting non-core assets to enhance capital and operational efficiencies Seatrium is selling its…
Business
Hong Kong to allow crypto exchanges to tap global capital pools
The former British colony’s three-year push to become a regional leader in digital assets has so far delivered mixed results Hong Kong…
Business
CapitaLand Investment and Mapletree Investments mull merger: report
The process is part of recent moves by Temasek-owned entities to evaluate options to reshape portfolio companies into stronger global…
Business
Trump says Nvidia’s Blackwell AI chip not for ‘other people’
Nvidia has not sought US export licenses for the Chinese market because of Beijing’s stance on the company, CEO Jensen Huang says…
Business
Hyundai Motor Group signs MOU with EDB to advance low-carbon, hydrogen technologies
The group is currently exploring various potential collaborations with Singapore-based companies and start-ups Hyundai Motor Group (HMG)…
Business
Jardine C&C’s Astra posts 9-month net income slide of 6% to 24.7 trillion rupiah
Indonesia conglomerate Astra International reported on Friday (Oct 31) that its net income for the nine months ended Sep 30 slid 6 per…
Business
Asia: Most markets rise on lingering trader optimism
Most stocks rose in Asian trade on Monday (Nov 3) after a busy last week, with optimism supported by another AI-led tech rally on Wall…
Business
Gold falls on stronger US dollar as investors trim rate-cut bets
The US central bank cut interest rates on Wednesday by a quarter of a percentage point for the second time this year Gold prices slipped…
Business
Sheng Siong ends 6.5% higher at record closing price on improved Q3 earnings
The surge comes amid higher third-quarter net profit and its recent expansion moves Shares of supermarket operator Sheng Siong rose on…
Business
Jardine Matheson paying out US$250 million to shareholders via share buybacks
Move follows sale of MCL Land and plan to delist Mandarin Oriental; shares up in early trading London-listed conglomerate Jardine Matheson…
Business
India is set to triple rare earth magnets plan to 70 billion rupees
Several overseas suppliers have expressed interest in providing rare earth materials to the South Asian nation India plans to almost…
Business
Stocks to watch: Jardine Matheson, Nio, CapitaLand Ascendas Reit, Yangzijiang Financial, Wee Hur, Nam Lee, Fu Yu
The following companies saw new developments that may affect trading of their securities on Monday (Nov 3): Jardine Matheson:The…
Business
The ‘Chinese owner’ of Nexperia: How Zhang Xuezheng’s tech empire fell to geopolitics
Beijing has taken countermeasures in response to the Dutch government’s actions THE China-US trade war continues to produce fresh drama…
Business
CEO of Singtel-owned Optus says he has no plans to resign in fiery probe into fatal outage
The Australia’s second-largest phone company has been warned it likely faces major financial penalties for the blunder Optus chief…
Business
Aravest, Wee Hur complete S$160 million purchase of former Hotel Miramar Singapore
Price works out to S$465,100 per room; property to be rebranded DoubleTree by Hilton after renovation Wee Hur has taken a stake in a new…
Business
Can Singapore unlock value for its ‘Next 50’ stocks, or will they be a value trap?
China Sunsine Chemical, iFast, Olam, Pan-United Corp and Sheng Siong among those with sound fundamentals: Maybank Singapore’s push for…