Business
Siloam International Hospitals expresses intent to acquire First Reit’s Indonesia hospital portfolio
THE manager of First Real Estate Investment Trust (Reit) said on Monday (Jan 13) that it received a preliminary non-binding letter of…
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Business
Business
China’s battery giant CATL hires banks for first-half Hong Kong float: sources
CHINESE battery giant CATL has hired banks, including JPMorgan and Bank of America, to work on a Hong Kong listing, in what could be one…
Business
Fu Yu IDs ‘surprised’ at EGM requisition by largest shareholder following his failed application to be a director
The independent directors reiterate that they do not have any control over the day-to-day operations of the company PRECISION plastic…
Business
BMW sales slide after brake fault recall, China demand slump
BMW car sales slipped last year as a costly recall compounded a slump in demand in China that’s hit Germany’s automakers hard. Sales of…
Business
Gold beats STI, Hong Kong-listed tech to be top-traded ETF on SGX in 2024
The precious metal continues to shine as investors look to diversify equity and bond portfolios amid geopolitical tensions and market…
Business
SingPost’s fired CEO Vincent Phang resigns from board
Phang is one of three senior management staff terminated over a whistle-blower’s report related to SingPost’s international e-commerce…
Business
Germany's Nordex secures order for 36 wind turbines in Canada
The logo of Nordex is seen on the roof of the rotor blade factory of the company in Rostock. Daniel Reinhardt/dpa German wind turbine…
Business
GSK to buy US cancer biotech IDRx for up to US$1.15 billion
GSK agreed to buy US biotech IDRx for as much as US$1.15 billion to gain new cancer medicines. The UK drugmaker will pay US$1 billion…
Business
Singapore stocks fall amid regional rout; STI down 0.3%
Analyst says strengthened greenback has created overhang in risk sentiment across Asia SINGAPORE stocks fell on Monday (Jan 13) as…
Business
Incredible find hiding under bathtub has internet all saying the same thing
The internet is amazed at what was found underneath a bathtub in a home. A video of the unusual discovery was shared by Diablo Plumbing…
Business
China vehicle export growth to slow in 2025, association data shows
CHINA’S vehicle exports are expected to grow 5.8 per cent to 6.2 million units this year, cooling from a 19.3 per cent increase in 2024,…
Business
Regency Steel Asia chairman fined S$350,000 for false trading of Hiap Hoe, Hotel Grand Central shares
THE Monetary Authority of Singapore (MAS) imposed a civil penalty of S$350,000 on Gui Boon Sui for conducting false and unauthorised…
Business
Bezos says space industry has room for ‘multiple winners’
AMAZON-FOUNDER and billionaire Jeff Bezos said the space industry has room for “multiple winners”, including his own firm Blue Origin and…
Business
China’s central bank chief vows to supply ample liquidity
CHINA’S central bank chief said on Monday (Jan 13) the government will support moderately loose monetary policy to maintain ample…
Business
PropertyGuru CEO Hari Krishnan steps down
PROPERTYGURU’s chief executive and managing director Hari Krishnan will be stepping down as CEO of the group, after a decade in this role.…
Business
iPhone loses global market share with Apple AI absent in China
APPLE sold fewer iPhones and lost ground to Chinese rivals last year, reflecting the absence of Apple Intelligence in its largest market…
Business
One of the world’s greatest religious spectacles is underway and the numbers are staggering
Millions of Hindu devotees are bathing in sacred waters as the world’s biggest religious gathering begins in India’s northern state of…
Business
Macquarie investing arm hires Gabriel Ho for South-east Asia push
MACQUARIE Group has hired a new managing director as part of a push in South-east Asia for the firm’s investing arm. Macquarie Asset…
Business
Malaysia imposes anti-dumping duties on iron, steel imports from four countries
MALAYSIA’S trade ministry said it has imposed provisional anti-dumping duties on some flat-rolled products of iron or non-alloy steel…
Business
Goldman strategists see tumbling China stocks rising 20% in 2025
GOLDMAN Sachs strategists are sticking to their bullish stance on Chinese stocks despite an ongoing rout, predicting that benchmarks will…
Business
Prospects for South-east Asia telcos may soften in 2025, but non-core operations could be monetised
Maybank analysts predict 3% year-on-year rise in sector’s mobile and fixed revenue, down from 4% in 2024 SOUTH-EAST Asian telcos have…
Business
Miyoshi’s Sin to continue as CEO despite accounting irregularity
MIYOSHI’s board of directors is of the view that chief executive and executive director of the company Andrew Sin should continue in his…
Business
Singapore shares open lower on Monday; STI down 0.3%
SINGAPORE equities began Monday (Jan 13) in negative territory, tracking losses in global markets last Friday. As at 9.01 am, the Straits…
Business
A*Star, Grand Venture Technology to develop manufacturing platform as company’s semiconductor business gains pace
GRAND Venture Technology (GVT) and the Agency for Science, Technology and Research (A*Star) will be working together to develop a…