News
Germany's Bundeswehr to establish new homeland security unit
Germany's armed forces plan to establish a fourth major branch dedicated to securing critical infrastructure and key military facilities…
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Unit
Business
RHB cuts IReit target to S$0.34; flags potential privatisation on further unit price declines
RHB Research has lowered its target price on IReit Global to S$0.34 from S$0.40 previously, as it expects the real estate investment…
Business
Billionaire Li Ka-shing’s Hutchmed in US$608 million health unit stake sales
HUTCHMED (China), controlled by tycoon Li Ka-shing, is selling stakes in its health subsidiary for around US$608 million as the…
News
Second Unit of South Africa Nuclear Plant Back Online After Major Maintenance
Eskom, South Africa’s major utility, said the second unit of the Koeberg nuclear power plant in that country was reconnected to the…
News
Pakistan Will Build Another Chinese-Designed Nuclear Power Unit
The Pakistan Nuclear Regulatory Authority (PNRA) issued a construction license to Pakistan Atomic Energy Commission (PAEC) for Chashma…
Business
Uber disappointed as Taiwan rejects deal for Delivery Hero unit
Uber Technologies said it remained committed to Taiwan after the island’s antitrust regulator rejected its plan to buy Delivery Hero’s…
Unsorted
Seatrium wins contract for deepwater new-build production unit
SEATRIUM has secured a contract to perform engineering, procurement, construction and onshore commissioning work for a deepwater new-build…
Business
News Corp sells Foxtel unit to DAZN in A$3.4 billion deal
NEWS Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for A$3.4 billion (S$2.9 billion)…
Business
Italy probes CK Hutchison unit on tax in 3.4 billion euros asset sale
CK HUTCHISON’s Italian telecommunications unit is the target of a probe alleging that it evaded taxes during a 3.4 billion euros (S$4.8…
Unsorted
First Ship Lease Trust unit to sell one vessel
Its wholly owned subsidiary, FSL-1, will be selling the vessel Cumbrian Fisher to an unaffiliated third party FIRST Ship Lease (FSL) Trust…
Unsorted
Sembcorp unit inks second power purchase agreement with Equinix
It will supply the US data-centre firm a maximum capacity of 58.5 MWp from its renewable energy portfolio SEMBCORP Industries’ wholly…
Business
Alibaba integrates e-commerce platforms into a single business unit
ALIBABA Group will integrate all of its e-commerce platforms into a single business unit to be called the Alibaba E-commerce Business…
Business
Koh Brothers Eco unit wins S$77.6 million contract for upcoming Toa Payoh development
CATALIST-listed engineering solutions provider Koh Brothers Eco Engineering was awarded a S$77.6 million contract by Sport Singapore…
Business
Keppel DC Reit unveils S$1-billion unit placement, preferential offer to fund purchase of data centres
THE manager of Keppel DC Reit plans to launch an equity funding exercise to raise gross proceeds of about S$1 billion, it announced on…
Business
Fonterra to assess IPO as one option for consumer unit sale
FONTERRA Cooperative Group will go ahead with the sale process for its global consumer businesses, saying it will consider an initial…
Business
Sembcorp Industries to sell waste management unit to Indonesian energy company for S$405 million
ENERGY and urban development company Sembcorp Industries on Friday (Nov 8) announced that it intends to sell its wholly owned unit…
Business
Indonesian court affirms 1.7 trillion rupiah civil claim against Keppel unit is inadmissible
The DKI Jakarta Province High Court has also ordered the claimant to pay court costs AN INDONESIAN High Court has affirmed an earlier…
Business
China gives Morgan Stanley approval to launch local futures unit
MORGAN Stanley has won final approval to launch a futures business in China via a newly established unit, becoming the second major US…
Unsorted
Manulife cuts 2.5% of staff in wealth and asset management unit
Manulife Financial has cut hundreds of jobs in its global wealth and asset management business, representing about 2.5 per cent of the…
Business
Allianz weighs options for AllianzGI unit: sources
ALLIANZ is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four…
Business
OUE unit to issue S$50 million in fixed-rate green notes due 2029 at 4%
AN OUE subsidiary, OUE Treasury, has proposed to issue S$50 million in green notes due 2029 at a fixed rate of 4 per cent per annum, the…
Unsorted
CAG unit forms JV to manage Haikou Meilan International Airport non-aeronautical operations
A UNIT of Changi Airport Group has entered a joint venture (JV) to manage the non-aeronautical commercial operations at Haikou Meilan…
Business
Putting a leash: Govt likely to disband unit tracking pre-GST evasion
A dedicated unit of tax sleuths tracking cases of evasion in the pre-goods and services tax (GST) era may cease to exist from financial…
Business
FHT’s distributable income to fall by S$1.3 million after change in Australian unit status
FRASERS Hospitality Trust’s (FHT) pro forma distributable income for financial year 2024 is estimated to fall by S$1.3 million, following…