Business
Australia social media ban hits 4.7 million teen accounts in first month
Social media companies have collectively deactivated nearly five million accounts belonging to Australian teenagers just a month after a…
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Business
Indian startup Varaha inks deal with Microsoft to remove 2 million tonnes of carbon dioxide
Move puts a spotlight on smallholder companies and their capability to deliver on carbon removal, says CEO of Varaha Indian startup Varaha…
Business
United Hampshire US Reit acquires Wallingford Fair Shopping Centre for US$21.4 million
The price of the freehold property is 8.2% lower than an independent valuation of US$23.3 million The manager of United Hampshire US Real…
Business
United Hampshire US Reit acquires Wallingford Fair Shopping Center for US$21.4 million
The price of the freehold property is 8.2% lower than an independent valuation of US$23.3 million The manager of United Hampshire US Real…
Business
Woh Hup Engineering JV wins S$326 million LTA contract for Downtown Line extension
The contract includes work for two mainline tunnels and a tunnel link to Gali Batu Depot The Land Transport Authority (LTA) has awarded…
Business
HSBC, Prudential in US$220 million funding for Hong Kong’s WeLab
The fintech has over 70 million individual users and more than 700 enterprise customers Hong Kong-based fintech firm WeLab has secured…
Business
UOB prices S$850 million perpetual securities at 3%
UOB has priced S$850 million in perpetual capital securities at 3 per cent under its US$30 billion Global Medium Term Note Programme, the…
Business
Catalist-aspirant Toku to sell 65 million shares at S$0.25 apiece for its initial public offer
The company will raise net proceeds of S$13.7 million; post-listing, it will execute its expansion plans A listing on the Catalist board…
Business
CICT to divest Bukit Panjang Plaza for S$428 million
The sale is being undertaken to optimise the Reit’s portfolio and to give it greater financial flexibility CapitaLand Integrated…
Business
F&N unit prices S$125 million in fixed-rate notes due 2033 at 2.6%
The notes are payable semi-annually in arrears and will be issued in denominations of S$250,000 each Beverage maker Fraser and Neave (F&N)…
Business
Geo Energy buys majority stake in two Indonesian shipping companies for US$127.5 million
Indonesian coal producer Geo Energy said on Thursday (Jan 8) that it has completed its acquisition of majority stakes in two Indonesian…
Business
UI Boustead said to seek US$700 million Singapore IPO in March
The real estate investment trust unit of Boustead Singapore will begin taking investor orders as soon as next month UI Boustead Reit is…
Business
CLI fund to build S$260 million Singapore automated logistics hub
The five-storey facility is set to be completed in 2028 and will have a gross floor area of 71,000 square metres CapitaLand Investment…
Business
CLI fund buys 5-hectare Jurong site to build S$260 million automated logistics hub
71,000 sq m facility set for completion in 2028; group also takes minority stake in smart logistics firm Ally Logistic Property CapitaLand…
Business
CLI fund buys 5-hectare Jurong site to build S$260 million automated logistics facility
71,000 sq m facility set for completion in 2028; CLI also takes minority stake in smart logistics firm Ally Logistic Property CapitaLand…
Business
Former mm2 Asia subsidiary Vividthree receives letter of demand for S$1.2 million
Former mm2 Asia subsidiary Vividthree on Wednesday (Jan 7) announced that it received a letter of demand from UOB for nearly S$1.2…
Business
Jefferies takes US$30 million hit on First Brands as profit drops
Jefferies Financial Group posted a drop in quarterly profit as the bank took a US$30 million pre-tax loss tied to the collapse of…
Business
Frasers Centrepoint Trust secures S$400 million green loan facility
This involves term loan and revolving credit facilities from DBS, OCBC and Maybank Frasers Centrepoint Trust (FCT) has entered into a…
Business
Auto dealer Tan Chong expects HK$327 million in gains from investments in 2025
Automotive group Tan Chong International said on Wednesday (Jan 7) that it expects to record an unaudited gain of HK$327 million (S$53.8…
Business
Berkshire Hathaway raises new CEO Abel’s salary to US$25 million
Berkshire Hathaway said on Tuesday (Jan 6) it raised the salary of new chief executive Greg Abel to US$25 million, far exceeding the…
Business
Keppel Pacific Oak US Reit obtains US$37.5 million loan facility
It will have ‘substantially addressed’ its refinancing needs for 2026 once the facility is executed Keppel Pacific Oak US Reit (Kore) has…
Business
China buys more US soybeans, total purchases near 10 million tons
China’s state stockpiler Sinograin bought 10 US soybean cargoes this week, three traders told Reuters on Tuesday (Jan 6), as the world’s…
Business
Tesla’s vanishing order hastens fall of an US$800 million fortune
TESLA once propelled a little-known South Korean family into the ranks of the ultra-rich on a landmark supply deal. But as the contract…
Business
Alibaba, Abu Dhabi set to invest in AI startup MiniMax’s US$600 million IPO
CHINESE artificial intelligence (AI) startup MiniMax has secured Alibaba and the Abu Dhabi Investment Authority as key backers in its…