Fashion
F&N dairy subsidiary to acquire additional 4.6% stake in Vinamilk from Jardine C&C
The deal involves about 96.1 million sale shares, with a total consideration of around six trillion Vietnamese dong[SINGAPORE] F&N Dairy Investments (FNDI), a wholly owned subsidiary of food and...
Samudera Shipping unit, Imoto Corporation enter JV to set up shipping company in Japan
Blue Ocean Shipping will be headquartered in Kobe and is expected to begin operations in the first half of 2026 [SINGAPORE] A subsidiary of container shipping group Samudera Shipping...
Keppel divests remaining interests in two Singapore data centres for S$50.5 million to Keppel DC Reit
[SINGAPORE] Asset manager Keppel announced on Tuesday (Dec 16) that its connectivity division has agreed to sell its stakes in two data centres for a total cash consideration of...
Manulife US Reit unitholders agree to strategic pivot into non-office sectors
The shareholders approve two resolutions to support the Reit’s ‘Growth and Value Up’ plan[SINGAPORE] Unitholders of Manulife US Reit (MUST) have approved a broadened investment mandate for the real...
‘Shadow banking’ growing at double the rate of traditional lenders, FSB says
The sector’s rapid growth alarms regulators over weak transparency and risks spilling into broader financial markets[LONDON] The non-bank financial sector’s share of global assets grew to 51 per cent,...
MUFG’s next CEO Hanzawa seeks growth to close gap with global rivals
While widely seen as a safe choice, whether he can further elevate the group with 400 trillion yen in assets will be closely watched[TOKYO] Junichi Hanzawa, the next chief...
TotalEnergies wins 21-year deal to power Google data centres in Malaysia
The power supply contract is expected to take effect in the first quarter of next year[KUALA LUMPUR] France’s TotalEnergies said on Tuesday (Dec 16) it had signed a 21-year...
Thai central bank is ‘taking action’ on baht, worried by rapid rise
[BANGKOK] Thailand’s central bank has taken action to tackle the appreciation of the baht, governor Vitai Ratanakorn said on Tuesday (Dec 16).It is worried about the currency’s rapid rise...
Rupee hits record low, pressured by persistent outflows and NDF maturities
[MUMBAI] The Indian rupee slipped to an all-time low for the fourth consecutive session on Tuesday, pressured by dollar bids spurred by the likely maturity of positions in the...
DBS, OCBC hit new records but UOB lags
The new records follow DBS’ appointment by the Chinese central bank to be the first local bank to serve as a yuan clearing lender[SINGAPORE] Shares of two local banks,...
