Business
Indonesia’s Widjaja family moves to delist Sinarmas Land from SGX; more large-cap exits on the horizon
An entity controlled by Indonesia’s billionaire Widjaja family has made a voluntary unconditional cash offer for all the shares in…
Section
Business
Business
STI hits new high on Thursday, closes up 0.5% amid mixed regional trading
Singapore stocks extended the week’s gains to end higher on Thursday (Mar 27), with the Straits Times Index (STI) hitting a new high…
Business
MAS seeks feedback on proposals giving retail investors access to private market assets
The move signals a broadening of access to such illiquid investments beyond wealthy individuals Retail investors in Singapore may soon be…
Business
Saudi Aramco looks to invest in Indian refineries
Saudi Aramco is in talks to invest in two planned refineries in India as the world’s top oil exporter looks for a stable outlet for its…
Business
China, Hong Kong stocks shrug off new US tariff threat; tech, auto lead gains
The chip sector rallies 1.3%, while automobiles sub-index also reverses losses to climb up 0.9%, leading onshore markets higher China and…
Business
Singapore fund inflows surge 167% to S$7.6 billion for 2024: Morningstar
Total net inflows into Singapore-registered funds hit S$7.6 billion for 2024, a surge of 167 per cent from S$2.85 billion in 2023,…
Business
SK Hynix says some customers brought forward orders ahead of US tariffs
South Korea’s SK Hynix, the world’s second-largest memory chipmaker, said on Thursday (Mar 27) that some customers have brought forward…
Business
BlackRock’s head of Asia-Pacific private credit Celia Yan to leave firm
Her team has deployed over US$200 million in 2024, over US$1.8 billion historically and been able to generate a 16 per cent gross internal…
Business
Foxconn plans EV event in Japan to woo manufacturers: sources
Foxconn is set to hold a seminar in Japan on April 9 to lay out its strategy on electric vehicles, two sources with direct knowledge of…
Business
Singtel’s NCS expands in the Philippines through a joint venture for clients to better access services
NCSI Holdings will acquire a 51 per cent stake in Yondu for a total net consideration of 134 million Philippine pesos NCS, Singtel’s…
Business
Hong Kong lures investment firms Ardian, Arga seeking expansion
Two investment firms are setting up offices in Hong Kong to attract money from the region, the latest sign of renewed financial activity…
Business
Turkey says Chery Auto’s partners to invest US$1 billion in plant to make 200,000 cars a year
[ANKARA/BEIJING] Turkey said on Wednesday (Mar 26) that Chery Automobile’s partners will invest US$1 billion in a manufacturing facility…
Business
Microsoft pulls back from more data centre leases in US and Europe: analysts
Alphabet has said it will spend US$75 billion on its AI buildout this year, 29 per cent more than Wall Street expected, while Meta has…
Business
UOB set to issue US$2 billion in dollar-denominated notes across 3 tranches
UOB is set to issue US$2 billion in a three-tranche US dollar-denominated senior bond offering, it said on Thursday (Mar 27). The notes…
Business
Nissan’s new CEO says it needs partners and is open to Honda
Nissan Motor’s incoming chief executive officer said he’s open to pursing a partnership with Honda Motor, the Japanese peer his carmaker…
Business
Paragon Reit unitholders to vote on proposed privatisation on Apr 22
Unitholders will vote on the proposed privatisation of Paragon Reit in an extraordinary general meeting (EGM) and scheme meeting on Apr…
Business
Robinhood, moving beyond meme stocks, now wants to be your bank
Robinhood Markets has moved past its meme stock days to become known as the go-to trading platform for retail investors of all stripes –…
Business
Apple says Indonesia iPhone sales ban ends in April
The country has also banned the sale of Google Pixel phones for failing to meet the 40 per cent local parts requirement Teach giant Apple…
Business
China raises record 1.45 trillion yuan from bonds in stimulus signal
China ramped up debt issuance this quarter, a move that both signals authorities’ priority on stimulating growth and efforts to prevent a…
Business
China banks ramp up bad property loan disposals to boost economy
China’s big banks are accelerating a drive to write off soured property loans to clean up their balance sheets as they heed calls by…
Business
Lendlease shuts down Cathay Cineplexes at Jem over S$4.3 million rent arrears
Struggling cinema chain Cathay Cineplexes will wind down business operations at its Jem outlet in Jurong East on Thursday (Mar 27). This…
Business
Consumer Bureau Seeks to Undo Settlement and Repay Mortgage Lender
Under President Trump, the Consumer Financial Protection Bureau has dropped nearly a dozen enforcement cases brought during the Biden…
Business
OpenAI close to finalising its US$40 billion SoftBank-led funding
OPENAI is close to finalising a US$40 billion funding round led by SoftBank - with investors including Magnetar Capital, Coatue…
Business
OpenAI nears record US$40 billion funding round led by SoftBank
OpenAI is close to finalising a US$40 billion funding round led by SoftBank Group – with investors including Magnetar Capital, Coatue…