Business
Nio plans US$1 billion share sale to fund EV growth
The Shanghai-based EV maker will sell as many as 181.8 million new shares at HK$42.86 to HK$44.46 each Chinese electric-vehicle maker Nio…
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Plans
Business
Dutch government plans to cut ABN Amro stake to about 20%
The Dutch government is embarking on another reduction in its stake in ABN Amro Bank as it continues to gradually pare its holdings in the…
Business
VinFast plans US plant in 2028 as it seeks equity backers
The automaker will prioritise Asia, including India, Indonesia and the Philippines, over North America and Europe, where high logistics…
Business
ANZ bank plans to cut 3,500 employees within the next year
ANZ Group Holdings expects 3,500 employees to leave the bank by September 2026, the lender said on Tuesday (Sep 9). ANZ also plans to…
Business
ANZ plans to cut 3,500 staff over next year on CEO revamp
The bank is expected to incur a restructuring charge of about A$560 million before tax in the second half of this year The bank is…
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Qatar Airways plans expansion of China passenger, cargo flights
Qatar Airways QCSC will expand passenger flights and beef up its air cargo business in China as it looks to deepen ties to one of the…
Business
Apple plans AI-powered web search tool for Siri to rival OpenAI, Perplexity
Apple is planning to launch its own artificial intelligence (AI)-powered web search tool next year, stepping up competition with OpenAI…
Business
Unilever CEO plans shakeup of top 200 managers in overhaul
Unilever chief executive officer Fernando Fernandez expects to replace a quarter of the group’s top 200 managers following a performance…
Business
Jane Street plans to move Singapore office in latest Asia expansion
Jane Street Group is planning to move to a larger office in Singapore in the latest sign of the securities trading juggernaut expanding in…
Business
Mizuho plans more dealmaking to become top Asia investment bank
Mizuho Financial Group is aiming to become Asia’s top investment bank by bolstering equity underwriting and M&A advisory, seeking to…
Business
Thai Airways may halt flight expansion plans on aircraft shortages
Thai Airways International may delay its flight and route expansion plans because the nation’s flag carrier has been unable to acquire…
Business
Most Gen Zs lack retirement plans but overlook insurance: Prudential Singapore
While it is never too late or too early to start planning for retirement, about seven in 10 Gen Zs in the Republic aged 16 to 28 said they…
Business
Most Gen Zs lack retirement plans and overlook insurance: Prudential Singapore
While it is never too late or too early to start planning for retirement, about seven in 10 Gen Zs in the Republic aged 16 to 28 said they…
Business
Malaysia makes contingency plans for agriculture exports under EU deforestation rules
Malaysia has contingency plans in place to remain competitive in European markets as it works to avoid being classified as a “standard…
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SD Guthrie plans industrial park in Malaysia’s data centre hub
SD Guthrie, the world’s biggest oil palm planter by acreage, is positioning itself to tap into the data-centre boom as it looks to develop…
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…
Business
China’s Dongfeng plans to list EV unit, take rest private
Dongfeng Motor Group plans to withdraw its Hong Kong shares in a new twist on a long-awaited restructuring, part of a transaction that…
Business
Xiaomi plans Europe foray in 2027 after EV sales gain pace
Xiaomi intends to sell its first electric vehicle (EV) in Europe by 2027, declaring plans to take on Tesla and BYD globally after gaining…
Business
HSBC plans major global expansion of office, staff surveillance, documents show
HSBC plans to step up surveillance of staff and buildings by adding more cameras and biometric access to its premises globally, internal…
Business
Dentsu plans to cut about 3,400 overseas jobs to trim cost
The reduction, focused on headquarters and back-office functions in markets outside of Japan Japanese advertising company Dentsu Group…
Business
US plans record US$100 billion bill sale as borrowing needs mount
The US government plans to borrow US$100 billion in a single Treasury debt sale this week, an unprecedented figure that showcases both the…
Business
Apac logistics sector sees dampened near-term outlook but long-term growth plans unfazed: CBRE
Logistics occupiers across Asia-Pacific are looking beyond short-term market volatility and planning long-term investments, CBRE survey on…
Business
CICT plans S$500 million issue at S$2.105 a unit to help buy rest of CapitaSpring for S$1 billion
Capitaland Integrated Commercial Trust (CICT) on Tuesday (Aug 5) announced a proposed launch of over 237.5 million new units to raise…
Business
CICT to buy rest of CapitaSpring for S$1 billion; plans S$500 million placement at S$2.105 a unit
Capitaland Integrated Commercial Trust (CICT) on Tuesday (Aug 5) announced a proposed launch of over 237.5 million new units to raise…