Business
RHB Bank’s Singapore unit key to regional growth plan, targets
Singapore, part of Malaysia’s fourth-biggest banking group RHB, will be key in driving its regional expansion plans and help meet targets…
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Unit
Business
Amazon’s AWS cloud computing unit cuts jobs
Amazon cut jobs in its Amazon Web Services cloud computing unit on Thursday (Jul 17), a spokesperson confirmed following a Reuters…
Business
ST Engineering unit, SP Group to sell joint venture for S$290 million to Singapore fund manager
ST Engineering is expected to get a one-off gain of around S$80 million from the proposed sale ST Engineering’s wholly owned subsidiary,…
Business
ST Engineering unit, SP Group to sell joint venture for S$290 million to Singapore fund manager Seraya Partners
ST Engineering Urban Solutions, a wholly owned subsidiary of ST Engineering, has entered into an agreement with national grid operator SP…
Business
Geely to take Zeekr unit private at US$6.83 billion valuation
The carmaker, which already holds 62.8% of Zeekr, has raised its buyout offer from US$2.2 billion in May to about US$2.4 billion — Geely…
Business
UOL unit prices S$75 million fixed rate notes at 2.78%
They will be issued as the second tranche of the fifth series of a S$2 billion multicurrency medium-term note programme Property player…
Business
Hong Leong Asia unit introduces share options to incentivise staff
Aim is to create opportunities for directors and employees of China Yuchai International, and its subsidiaries, to participate in its…
Business
Starbucks draws interest for controlling stake in China unit
Starbucks has received proposals from prospective investors in its China business, most of whom are eyeing a controlling stake in the…
Business
Barclays names several leadership changes in its Asia Pacific investment banking unit
Richard Satchwell has been appointed head of capital markets financing for Asia-Pacific at Barclays, among other key leadership changes…
Business
Seatrium secures floating storage regasification unit project from energy company Kinetics
It is set to commence in the third quarter of 2025 and involves the conversion of a liquefied natural gas carrier into an FSRU Seatrium…
Business
Del Monte Foods files for bankruptcy; SGX-listed parent has over US$700 million exposure to US unit
Del Monte Pacific (DMP) is expected to take a body blow from the failure of its US unit, as the latter accounts for a big chunk of its…
Business
TSMC unit to issue US$10 billion of stock to counter forex swings
The moves grant TSMC Global more capital flexibility in managing exchange rate risks Taiwan Semiconductor Manufacturing Co’s overseas unit…
Business
Sembcorp unit prices S$300 million fixed rate notes at 3.55%
The offering is close to seven times oversubscribed against the target issuance size Sembcorp Industries announced on Wednesday (Jun 25)…
Business
Ant unit to seek stablecoin permits in Hong Kong, Singapore: sources
Jack Ma-backed Ant Group’s international unit is planning to apply for stablecoin licences in Singapore and Hong Kong, according to people…
Business
Sembcorp’s renewables unit wins 50MW round-the-clock power project from Indian public sector company
Sembcorp Industries on Thursday (Jun 12) announced that its wholly owned renewables subsidiary Sembcorp Green Infra was awarded a 50…
Business
Frasers unit to buy S$48 million Yishun cinema complex from Golden Village
A wholly owned subsidiary of Frasers Property has agreed to buy a cinema complex in Yishun Central from Golden Village Multiplex and lease…
Business
OKP unit wins S$258.3 million LTA contract to construct new cycling paths in east
A unit of mainboard-listed infrastructure and civil engineering company OKP has won a contract worth S$258.3 million from the Land…
Culture
Sembcorp unit wins solar-energy project to supply 150 MW of power in India
Sembcorp Industries’ wholly owned renewables subsidiary, Sembcorp Green Infra, was awarded a solar-energy storage hybrid project by SJVN,…
Business
UBS to sell hedge fund unit O’Connor to Cantor Fitzgerald
The deal includes “O’Connor’s six investment strategies” with about US$11 billion in assets under management Group’s asset management…
Business
Malaysia’s IHH unit seeks up to 109 billion rupees in damages from Japan’s Daiichi Sankyo
Northern TK Venture alleges Japan’s Daiichi Sankyo blocked its 2018 bid for an Indian hospital chain, causing financial losses. Healthcare…
Business
Apple partner Foxconn injects US$1.5 billion into India unit
Taiwan’s Foxconn, the main manufacturer of Apple’s iPhones, will inject US$1.5 billion into its India unit as production shifts away from…
Business
Mitsubishi Motors signs MOU to outsource EV model development to Foxconn unit
Japanese automaker Mitsubishi Motors and Foxconn subsidiary Foxtron Vehicle Technologies have signed a memorandum of understanding (MOU)…
Business
China’s Ant plans to list overseas unit in Hong Kong: report
Ant, an affiliate of China’s e-commerce giant Alibaba, plans to list its overseas arm, Ant International, on the Hong Kong stock exchange,…
Culture
Uber Mideast unit delivers gold coins to doorsteps in Dubai
Dubai residents can now have 24-carat gold coins delivered to their homes in less than an hour as super app Careem targets millions of…