Culture
China’s central bank to maintain accommodative policy as challenges persist
It will keep liquidity ample, keep prices reasonable, and lower the costs of banks’ liability and social financing[BEIJING] China’s central bank said on Tuesday (Nov 11) that it would...
Stoneweg Europe Stapled Trust divests Slovakia portfolio for 70 million euros
This comes as it focuses on Western European markets with ‘deeper liquidity and stronger tenant demand’ [SINGAPORE] Stoneweg Europe Stapled Trust (Sert) has divested its entire Slovakia investment in...
Toyota’s buyout of group firm faces new obstacle after Elliott takes stake
Elliott said the proposed deal undervalued the company, lacked transparency and fell short of proper governance practices[TOKYO] Toyota Motor’s planned buyout of group firm Toyota Industries is set to...
Outlook for UOB lags DBS, OCBC amid spotlight on asset quality in Q3
Analysts remain positive on DBS and OCBC given resilient results supported by strong non-interest income [SINGAPORE] Market outlook for UOB has turned cautious compared with DBS and OCBC, amid...
UK unemployment at its highest since pandemic as jobs market cools
The jobless rate climbed to 5 per cent in the three months through September, up from 4.8 per cent the month before[LONDON] UK unemployment rose more than expected, further...
Banks and landlords are pounding on the door. Can mm2 Asia survive the siege?
It has been a difficult year for the group, whose Cathay Cineplexes unit is already in voluntary liquidation[SINGAPORE] Mired in debt and facing insolvency, mm2 Asia is experiencing its...
Honda’s bigger threat comes from China’s EV makers, not tariffs or chips
[TOKYO] Honda’s downgrade to its full-year profit outlook underscores the immediate pressure from US tariffs and global chip shortages – but the deeper, longer-term challenge lies in intensifying competition...
South-east Asia’s digital economy revenue set to hit US$100 billion in 2025: e-Conomy report
The region’s gross merchandise value is also expected to grow to US$305 billion this year[SINGAPORE] The digital economies of South-east Asia are projected to hit a revenue of US$100...
Garuda’s fleet growth at risk as Danantara trims funding
[JAKARTA] Indonesia’s sovereign wealth fund Danantara is reducing its financial support for flag carrier Garuda Indonesia, putting in doubt the distressed airline’s ability to refresh its fleet. Garuda will...
Thailand’s central bank chief breaks tradition with a simple ‘hello’
“JUST popping in to say hello.”Late one Tuesday night, Bank of Thailand Governor Vitai Ratanakorn surprised more than a hundred journalists in the bank’s media group chat with a...
