Business
Straits Trading unit to divest South Korea logistics property for 432 billion won
The Straits Trading Company is divesting a freehold logistics facility in Incheon, South Korea, for 432 billion won (S$377.6 million) as…
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Business
Hong Kong-listed J&T Global Express aims to raise HK$4.7 billion for tech, overseas expansion
The proceeds will be used to develop the group’s overseas business and technology advancement Indonesian courier services firm J&T Global…
Business
Danantara shifts into deployment era with US$12 billion war chest
A global bond sale is also being targeted as Indonesian sovereign wealth fund scales up deployment Indonesian sovereign wealth fund…
Business
Anduril to invest another $1 billion in California with new Long Beach campus
Anduril Industries, one of the leading defense companies in Southern California, will expand in Long Beach with a new $1-billion complex…
Business
Prudential pays RM1.5 billion to raise stake in Malaysia unit to 70%
The insurer currently holds a 51% interest while local partner Detik Ria owns the rest Prudential will pay RM1.5 billion (S$483 million)…
Business
Hong Kong’s Sogo Mall operator seeks HK$8 billion loan refinancing
Lenders have paused earnings checks for Lifestyle International as it seeks to refinance Hong Kong mall operator Lifestyle International…
Business
UOB’s Sydney branch prices A$2 billion in five-year notes
UOB’s Sydney branch has priced a combined A$2 billion (S$1.7 billion) in two tranches of five-year senior unsecured notes, comprising…
Business
MSCI rule shift may spur US$2 billion exit from Indonesian stocks
Global funds may withdraw more than US$2 billion from Indonesian equities in the coming months if MSCI proceeds with a change to its…
Business
Zurich Insurance offers US$10 billion to buy UK insurer Beazley
Swiss insurance company Zurich Insurance Group has raised its offer to buy rival speciality insurer Beazley to 1,280 pence (S$22.016) per…
Business
HSBC on course for £300 billion valuation, top executive says
Weeks after its market value rose above £200 billion (S$344.6 billion) for the first time in its history, HSBC Holdings is now on course…
Business
Thailand approves US$2 billion PCB manufacturing investment by joint venture led by Taiwan's ZDT
Thailand’s investment board said on Monday (Jan 19) it had approved an investment worth US$2.08 billion by a joint venture led by Taiwan’s…
Business
Thailand approves US$2 billion PCB manufacturing investment by joint venture
Thailand’s investment board said on Monday (Jan 19) it had approved an investment worth US$2.08 billion by a joint venture led by Taiwan’s…
Business
China’s aluminium output hits record, steel below one billion tonnes
CHINESE aluminium output rose to an all-time high last year, climbing above the country’s capacity limit, while steel fell to a seven-year…
Business
Micron to buy Taiwan chip fabrication site for US$1.8 billion
The investment is part of Micron’s global expansion as it seeks to meet continued demand for memory chips Micron Technology has signed a…
Business
Musk seeks up to US$134 billion damages from OpenAI, Microsoft
ELON Musk wants OpenAI and Microsoft to pay him damages in the range of US$79 billion to US$134 billion over his claims that the…
Business
Mitsubishi to buy Texas, Louisiana shale gas assets for US$7.5 billion
This will give it a substantial natural gas operation near the US Gulf Coast and the energy export facilities developed there Japanese…
Business
ASML tops US$500 billion market cap as TSMC plans to spend more
ASML, the world’s biggest maker of equipment used to manufacture computer chips, crossed US$500 billion in market value for the first time…
Business
DBS unlocks S$1 billion in AI value in 2025
But as Singapore’s lenders seek to ride the wave, agentic artificial intelligence’s rise poses challenges for local banking talent DBS…
Business
Robotics frenzy drives US$24 billion gain in Hyundai Motor stocks
Its projects help to modernise the company’s image, and its undervalued stock has room to rise further Hyundai Motor Group stocks have…
Business
SK Hynix to invest nearly US$13 billion in chip packaging plant in South Korea
South Korea’s SK Hynix said on Tuesday it has decided to invest 19 trillion won (S$16.6 billion) to build an advanced chip packaging plant…
Business
QXO secures US$1.8 billion financing led by Temasek, Apollo amid building products consolidation
[GREENWICH, Connecticut] Billionaire Brad Jacobs’ QXO said it has secured an additional US$1.8 billion in financing, led by Singapore’s…
Business
Australia to prioritise antimony, gallium, rare earths in A$1.2 billion reserve
Australia will prioritise antimony, gallium and rare earth elements as part of its A$1.2 billion (S$1 billion) strategic reserve, it said…
Business
OmniVision rises in Hong Kong debut after HK$4.8 billion offering
Chinese hardware makers have been particularly popular with investors amid Beijing’s support for the local semiconductor industry CHIP…
Business
Six banks seen reaping US$157 billion on Trump’s return
The six giants of US banking are expected to post their second-highest annual profit ever – a US$157 billion haul – after riding out US…