Business
Boustead applies on behalf of UIB Holdings for IPO and listing of Reit that includes its assets
IPO portfolio is proposed to include Boustead’s stakes in some of its Singapore logistics and industrial real estate assets Boustead…
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Business
Business
Kraft Heinz to split into two companies in growth push
Kraft Heinz will split into two listed companies, one focused on groceries and the other on sauces and spreads, the US packaged foods…
Business
Ghanaian chief justice Gertrude Torkornoo removed from office
Ghana's President John Mahama has fired the country's Chief Justice Gertrude Torkornoo following a recommendation by an inquiry. She had…
Business
Indonesia's central bank wants rupiah to trade around 16,300 a dollar
The rupiah hit its weakest since August 1 of 16,500 a dollar during intraday trade on Monday Indonesia’s central bank has been guiding the…
Business
DBS’ plan to buy Alliance Bank stake is said to have stalled
DBS Group Holdings’ plan to buy a stake in Alliance Bank Malaysia has stalled as Singapore’s biggest bank has yet to get regulatory…
Business
Gold hovers near record high on US rate-cut hopes, soft dollar
Gold prices climbed to a more than four-month high on Tuesday (Sep 2), inching closer to the all-time high touched in April, supported by…
Business
Fu Yu provides updates on probe into its supply chain arm
Fu Yu Corporation has confirmed that its unit’s US$3 million payment to a third party, that has been the subject of a probe, was made for…
Business
Mark Cuban Reveals Candid Thoughts on Luka Doncic After Blockbuster Trade
The blockbuster trade that shook up not only the basketball world but the sports world took place seven months ago between the Los Angeles…
Business
Revolut begins secondary share sale at US$75 billion valuation
The deal will cement the company’s status as one of the most valuable fintechs on the planet Revolut has kicked off a process for some…
Business
Airbus faces sprint to hit target after about 60 deliveries in August
Airbus needs to deliver planes at a record pace to reach its annual target after delivering about 60 aircraft in August, industry sources…
Business
Transparency and prudence guide ValueMax shares to record high
Shares of pawnbroker ValueMax have been on a tear. After a 33 per cent jump in 2024, the counter has climbed another 94.2 per cent so far…
Business
WEF report urges investment in Southern Africa’s critical minerals
The World Economic Forum (WEF), in collaboration with the Development Bank of Southern Africa (DBSA) and McKinsey & Company, has released…
Business
ComfortDelGro buys rest of CityCab shares for S$116.3 million from ST Engineering unit
Transport giant ComfortDelGro (CDG) acquired on Monday (Sep 1) all of ST Engineering Land Systems’ shares in taxi operator CityCab for a…
Business
Celebrating the Decline of Big Labor
For the first time, the share of U.S. workers who are union members has fallen below 10 percent. Source link
Business
Yangzijiang Shipbuilding leads gains; STI up 0.2%
The local bourse started the week on a positive note, contrary to cautious sentiments in regional markets. The Straits Times Index (STI)…
Business
Tesla cuts price of new Model 3 in China as moment of truth nears for variant strategy
Tesla cut the price of its new, longer-range Model 3 variant by nearly 4 per cent just before deliveries were set to begin, a move set to…
Business
China’s Baosteel in discussions on steel investments from Asia to Africa
Beijing is also facing anti-dumping duties from a number of countries as they seek to keep out cheaper Chinese supplies after domestic use…
Business
Sembcorp wins bid to build 86 MWp floating solar farm on Pandan Reservoir
Sembcorp Industries, through its wholly owned subsidiary Sembcorp Solar Singapore, has won a bid by the Public Utilities Board to build a…
Business
Australian job ads steady in August, ANZ-Indeed data shows
SYDNEY (Reuters) -Australian job advertisements were steady in August, highlighting a still resilient labour market amid lower interest…
Business
Spirit Airlines bankruptcy tees up painful cuts in survival bid
Spirit Aviation Holdings’ second bankruptcy filing in a year signals that the low-cost carrier is finally facing up to the painful steps…
Business
Superfood Kitchen to liquidate with closure of last outlet in Raffles City
It has been incurring accumulated losses; negotiations with potential buyer did not go through Local eatery Superfood Kitchen will enter…
Business
SoftBank, Rakuten tap Japan’s booming retail demand for bonds
SALES of corporate bonds to Japan’s mom and pop investors are booming, on track to surpass last year’s record as bigger returns draw…
Business
‘Undervalued’ CapitaLand Ascott Trust presses on with diversification for stability and growth
The share price of CapitaLand Ascott Trust (Clas) – the largest lodging trust in the Asia-Pacific by total assets – is undervalued, said…
Business
Indonesia’s gas crunch strains domestic industries, may shake trust in exports
Indonesia’s growing gas shortage is forcing the government to prioritise domestic industries – a decision which analysts said could…