Business
Mandarin Oriental acquisition bid shows it’s better to invest in Jardine Matheson
Analysts say the proposed buyout is a good deal for Jardine Matheson, but not so much for Mandarin Oriental International minority…
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Lum Chang could ride on construction upcycle, restructuring to high single-digit profit growth: analyst
Tickrs Financial Singapore initiatives coverage on the stock with a ‘buy’ call and target price of S$0.525 Mainboard-listed construction…
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Indonesia’s central bank surprises with decision to hold rates steady
The overnight deposit and lending rates were also kept at 3.75 per cent and 5.50 per cent Indonesia’s central bank unexpectedly held its…
Business
Barclays announces £500 million buyback, upgrades 2025 guidance on strong income
Barclays announced a surprise £500 million (S$865.2 million) share buyback, upgraded its performance target for the year and said it would…
Business
Heineken to sell less beer in 2025 as demand falters
CEO Dolf van den Brink said macroeconomic volatility had become more pronounced in the third quarter Dutch brewer Heineken warned on…
Business
Changi Airport’s Q3 passenger traffic up 3.1%
Top markets are China, Indonesia, Malaysia, Australia and India; air freight throughput up 3.7% Changi Airport posted 17.3 million…
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Singapore is top IPO market in South-east Asia in Q3: EY report
India, the US and Greater China contribute nearly 80% of the total US$48.2 billion in proceeds Singapore was the top initial public…
Business
Thailand monetary policy should remain accommodative, central bank minutes show
The Bank of Thailand will keep monetary policy accommodative to support an economic recovery and remains ready to adjust policy settings…
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NUS selling US$500 million of PE, property funds to manage liquidity, China exposure
Sales of such portfolios often come with a discount to the net asset value in return for getting the capital sooner The National…
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MAS to announce measures to help listcos deliver greater shareholder value in November: Chee Hong Tat
The Republic will be announcing more details of its “Value Unlock” programme in November, said Chee Hong Tat, Minister for National…
Business
MAS to announce in November measures to help listcos deliver greater shareholder value: Chee Hong Tat
They will include government grants, toolkits, and an expanded suite of engagement platforms The Republic will be announcing more details…
Business
Sanli Environmental scoops S$281 million LTA contract
Catalist-listed Sanli Environmental won a S$281 million contract from the Land Transport Authority (LTA) on Tuesday (Oct 21). The contract…
Business
Indonesia plans debut yuan bonds as dim sum issuance hits record
The country is also seeking more funding sources as President Prabowo Subianto tries to boost economic growth Indonesia is planning its…
Business
Gold falls again as rally comes to halt, Asian markets drop
GOLD and silver tumbled for a second day on Wednesday, bringing a rally in the precious metals to a juddering halt, while equities also…
Business
Gold extends retreat from record high on profit-booking, trade optimism
The Fed will lower its key interest rate by 25 basis points next week and again in December Gold prices fell further on Wednesday (Oct…
Business
China says Dutch Nexperia seizure places supply chain at risk
Talks between the two governments come a week after the Dutch state seized control of Nexperia using an emergency Cold-War era law China’s…
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Sovereign wealth funds, including Singapore’s GIC, drive biggest deals in US$3.5 trillion M&A year
Rainmakers at the top investment banks say they expect the flurry of takeovers to continue Deep-pocketed sovereign wealth funds are…
Business
Citigroup plans to pull lead from LME Singapore warehouses
Companies that deliver metal for rent deals do not have to retain ownership of the metal Citigroup is planning to withdraw large amounts…
Business
CNMC Goldmine falls 12.4% as gold posts sharpest fall in years
This follows a recent wave of sell-offs amid profit taking by investors who fear that gold’s recent rally has left it overvalued Shares of…
Business
Gold plunge knocks CNMC Goldmine off pedestal after 400% gain
This follows a recent wave of sell-offs amid profit taking by investors who fear that gold’s recent rally has left it overvalued Shares of…
Business
Air New Zealand warns of first-half loss as weak bookings and rising costs bite
AIR New Zealand on Wednesday warned it would report a first-half loss after soft local economic conditions dented expectations for a…
Business
Newcomers shrug off China’s EV headwinds with bets on niche cars
Despite their optimism, it’s unclear how many of the newer entrants will survive the Asian nation’s cutthroat industry For all the talk of…
Business
Stocks to watch: Seatrium, Keppel DC Reit, Soilbuild Construction
The following companies saw new developments that may affect trading of their securities on Wednesday (Oct 22): Seatrium: The marine…
Business
Stocks to watch: Seatrium, Keppel DC Reit, Soilbuild Construction, CNMC Goldmine
The following companies saw new developments that may affect trading of their securities on Wednesday (Oct 22): Seatrium: The marine…