Business
Ringgit rally, fiscal strength fuel Malaysia’s bond momentum
Malaysia’s improving fiscal outlook, moderating inflation and resilient currency are enhancing the appeal of its bonds, positioning them…
Tag
fuel
Business
China's Unipec agrees to jet fuel term supply deal with Lufthansa
China’s state oil trader Unipec, a vehicle of refining giant Sinopec Corp, has signed a term deal to supply about 60,000 metric tons of…
Business
VinFast’s quarterly revenue jumps on strong deliveries, taps debt to fuel expansion
The company signed two loan facilities during the quarter, totaling US$250 million Vietnam’s VinFast reported a sharp rise in…
Business
Singapore’s Pulau Bukom to house new sustainable aviation fuel plant by Aster, Aether Fuels
The move comes amid a deal spree by Aster, a joint venture between Indonesia’s Chandra Asri and commodities trader Glencore Refining and…
Business
Shell drops two North Sea wind projects in fossil fuel shift
BRITISH oil and gas giant Shell said on Monday that it was ending its participation in two offshore wind projects in the North Sea, part…
Business
Oil settles higher as tight fuel markets offset crude supply concerns
Oil prices settled higher on Monday as analysts focused on potential fuel supply disruptions from fresh US sanctions and Ukrainian drone…
Business
Ikea profit falls 26% to 1.7 billion euros as US tariffs fuel costs
Overall sales from the company’s stores across 63 markets around the world fall for a second year in a row Sweden’s Inter Ikea, which…
Business
Chandra Asri says it will buy ExxonMobil’s Singapore retail fuel stations
Chandra Asri Pacific said on Friday it would acquire ExxonMobil’s network of Esso-branded retail fuel stations in Singapore. “The company…
Business
Indonesia-based petrochemical producer Chandra Asri says it will buy ExxonMobil’s Singapore retail fuel stations
— Chandra Asri Pacific said on Friday it would acquire ExxonMobil’s network of Esso-branded retail fuel stations in Singapore. “The company…
Business
Beauty, Wellbeing Sales Fuel Third-quarter Growth at Unilever
LONDON – Beauty and wellbeing sales are steaming ahead at Unilever, and drove underlying group sales growth up 3.9 percent to 14.7 billion…
Business
BlackRock, Nvidia-backed group strikes US$40 billion data centre deal to fuel AI boom
The acquisition follows a slew of mega-deals focused on securing coveted compute capacity An investment consortium that includes…
Business
BlackRock, Nvidia-backed group including Temasek strikes US$40 billion data centre deal to fuel AI boom
The deal underscores the rush to build costly infrastructure essential for powering advanced AI models An investor group, including…
Business
Temasek, Nvidia, Blackrock part of group striking US$40 billion data centre deal to fuel AI boom
The deal underscores the rush to build costly infrastructure essential for powering advanced AI models An investor group including…
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Siemens Energy bets on ammonia, fuel flexibility to future-proof Asia’s power systems
The energy technology provider sets 2030 target for 100% hydrogen and ammonia-capable turbines [FINSPANG, Sweden] Fuel flexibility,…
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Japan’s Sumitomo wins Singapore grant to develop ammonia as marine fuel
Japanese trading house Sumitomo said on Monday (Oct 6) it has been awarded a Singapore government grant to develop ammonia as an…
Business
Indonesia’s Pertamina says fuel retailer Vivo agrees to purchase petrol
Indonesia state energy firm Pertamina said that fuel retailer Vivo Energy Indonesia (Vivo) has agreed to buy 40,000 barrels of petrol, out…
Business
Oil holds steady at multi-week high as Russia limits fuel exports, US GDP revised up
Oil prices steadied on Thursday after hitting a seven-week high in the previous session as Russia moved to restrict fuel exports until the…
Business
EXCLUSIVE: OSEA Secures Investment from General Atlantic to Fuel Global Expansion
OSEA has a new investor. The seaweed-infused skin care brand has entered into a definitive agreement to receive a strategic growth…
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Petronas delivers first local sustainable aviation fuel to Malaysia Airlines
The announcement comes as the country looks to build domestic production, blending, and supply of SAF Malaysia’s state energy firm…
Business
AI infrastructure company Nebius to raise US$3 billion to fuel growth
Nebius Group said on Wednesday (Sep 10) it would raise US$3 billion to fuel growth in its core artificial intelligence cloud business, on…
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
SailPoint turns AI security fears into fresh growth fuel
The surge of agentic artificial intelligence (AI) is giving US-based cybersecurity platform SailPoint a new growth runway, as it bets on…
Business
KKR, Apollo fuel rush of private investment into Asia’s schools
Private money is pouring into schools in Asia as investors seek to turn a profit on the growing demand for quality education. The booming…
Business
AirTrunk seals A$16 billion refinancing, plans fresh sales to fuel expansion
AirTrunk has closed an A$16 billion (S$13.3 billion) refinancing, the largest sustainability-linked financing ever in Asia-Pacific and…