Culture
Weaponisation of finance over geopolitics a concern, says GIC’s CEO
[SINGAPORE] Given the shifting geopolitical landscape’s major impact on security, trade and supply chains, Singapore’s sovereign wealth fund GIC’s CEO Lim Chow Kiat is worried that this might eventually...
Nations must exercise ‘agency’ to develop AI capabilities: Josephine Teo
It is within the capacity of countries to shape the conditions to build an AI-ready society, for instance through the education system [SINGAPORE] Nations need to exercise their agency...
Stamford Tyres puts commercial property at 455 MacPherson Road up for sale at S$12.5 million
With a land area of 10,236 square feet, the location currently houses one of the company’s tyre retail outlets[SINGAPORE] Tyre and wheel distributor Stamford Tyres (Stamford) has put its...
Hyundai’s US$26 billion investment plan in the US to continue despite immigration raid, says CEO
[SINGAPORE] Automotive giant Hyundai’s plan to invest US$26 billion into the US between 2025 to 2028 will continue as planned. This is even after its workers were detained in...
China expected to keep rates steady for sixth month as PBOC turns less dovish
The consensus comes after the central bank this month maintained its seven-day reverse repo rate, which now serves as a major policy rate[SHANGHAI] China is expected to leave benchmark...
Air India lobbies to use airspace over China’s Xinjiang as financial woes mount
The airline has been seeking to rebuild its reputation and international network after a London-bound Boeing 787 Dreamliner crashed in Gujarat in June[NEW DELHI/HONG KONG] Air India is lobbying...
Alpina to delist on Dec 4 as court gives green light to joint privatisation by CEO, executive director and Savills Singapore
The scheme consideration comprises a payment of S$0.31 per share in cash and S$0.06 per share in cash by way of a special dividend[SINGAPORE] Integrated building services provider Alpina...
Weak US dollar lowers net returns on investments, says Temasek chief
Hedging costs have risen, but rotating out of US equities ‘not easy”, adds executive director and CEO Dilhan Pillay[SINGAPORE] The US dollar’s recent weakness against major currencies such as...
KKR opens Abu Dhabi office in deepening foray into Middle East
[LONDON] KKR is opening an office in Abu Dhabi’s financial centre, part of the alternative investment firm’s efforts to bolster its presence in the emirate as it increasingly becomes...
CDL upgraded to ‘buy’ by RHB on Singapore residential market strength, divestments
[SINGAPORE] RHB has upgraded City Developments Limited (CDL) to “buy” from “neutral”, citing a strong momentum in Singapore’s residential property market, the developer’s renewed focus on asset divestments and...
