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…
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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…
Business
China’s green push may cut global fossil use by 2030: report
The stage may be set for the world’s use of fossil fuels to begin dropping in about five years time, thanks to China’s rapid adoption of…
Business
Potential IPO of UK company could boost Thakral’s financial position
Project Glow Topco is considering an IPO on the main market of the London Stock Exchange Thakral Corporation is hoping to benefit from the…
Business
Ant digital arm puts 60 billion yuan energy assets on its blockchain
The firm has so far completed financing for three clean energy projects using this approach, raising about 300 million yuan in total for…
Business
Stocks to watch: SGX, Oxley, Thakral, Aoxin Q&M Dental, mm2 Asia
The following companies saw new developments that may affect trading of their securities on Tuesday (Sep 9): Source link
Business
Intel announces key executive shake-up, says products chief Holthaus will exit
Intel announced a series of top executive changes on Monday (Sep 8), including the departure of products chief Michelle Johnston Holthaus,…
Business
Hidden inflation drives Japan consumers to price-tracking sites
Shoppers in the island nation are facing higher living costs for the first time since the burst of an asset bubble in the early 90s…
Business
Microsoft signs Nebius cloud deal worth up to US$19.4 billion
The Redmond, Washington-based company is focused on building new data centres and equipping them with expensive servers and networking…
Culture
OpenAI backs AI-animated film for Cannes debut
CHATGPT-MAKER OpenAI is backing the production of a feature-length animated film created largely with artificial intelligence tools,…
Business
Renault to add cheaper batteries for affordable EVs, accelerate transformation in face of Chinese competition: CEO
French automaker Renault will introduce more affordable batteries for EVs and speed up development times for all models to better compete…
Business
Murdoch family settles suit over trust, puts Lachlan on top
The three children leaving the trust will get about US$1.4 billion, based on the current prices of Fox and News Corp shares Rupert…
Business
ConocoPhillips’ deep layoffs highlight need for capital discipline, analysts say
ConocoPhillips must sharpen its focus on capital discipline and investment priorities in order to regain its competitiveness against peers…