Culture
Nomura CEO sees big growth phase in wealth and asset management
[TOKYO/YOKOHAMA] Nomura’s chief executive officer vowed to build on the company’s earnings revival by strengthening businesses across the board, ranging from wealth to asset management and dealmaking. “I believe we...
Malaysia’s Felda, FGV say Terengganu land spat could disrupt operations
They were issued an order by Terengganu state to vacate palm oil plantation land there[KUALA LUMPUR] Malaysia’s Federal Land Development Authority (Felda) and its commercial arm FGV Holdings said...
Danish ISS shares plunge on concerns over its role in deadly Hong Kong apartment fire
[STOCKHOLM] ISS shares slumped in Copenhagen amid concerns over the Danish company’s role in the renovation of a Hong Kong apartment fire where a deadly fire broke out on...
India investigates Air India after plane flown repeatedly without safety certificate
[NEW DELHI] India’s aviation regulator said on Tuesday (Dec 2) it was investigating Air India after the airline operated an Airbus A320 aircraft eight times without a valid airworthiness...
Citigroup faces US$5 million bill to transport its lead from Singapore
Citi plans to keep about 24,000 tons in Singapore, while 88,000 tons will likely go to Taiwan or Malaysia[LONDON] Citigroup will move most of its lead stocks from Singapore...
Taiwan charges Tokyo Electron’s Taiwan unit in TSMC trade secrets case
[TAIPEI] Taiwan prosecutors said on Tuesday (Dec 2) they had charged Tokyo Electron’s Taiwan unit with violating the National Security Act and the Trade Secrets Act after a former...
STI up 0.3%, amid mixed showing by Singapore shares
Across the broader market, there are 288 gainers and 236 decliners, with 1.3 billion securities valued at about S$1.3 billion transacted[SINGAPORE] Singapore shares had a mixed showing on Tuesday...
Analysts raise CIMB target price on ‘surprise’ capital return initiative
The bank announces it will be returning up to RM2 billion of capital to shareholders by end-2027[SINGAPORE] Analysts are maintaining their bullish stance on Malaysian bank CIMB Group Holdings...
Raffles Education sells corporate building for S$121.8 million
The property at 51 Merchant Road is being sold at about 78% over book value to an unnamed real estate player[SINGAPORE] Raffles Education has sold its corporate building at...
Singapore Bank OCBC’s shares hit record as wealth unit shines
OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago[SINGAPORE] Oversea-Chinese Banking Corp (OCBC) shares hit a fresh record as the wealth-management...
