Culture
Trafigura acquires warehousing firm Grafton’s Singapore business
The deal marks the metal trader’s return to the London Metal Exchange warehousing industry[SINGAPORE] Trafigura Group has acquired a metals warehousing firm with sizable operations in Singapore, as a...
First Reit to divest Imperial Aryaduta Hotel & Country Club for 332.2 billion rupiah
Property is a non-core legacy asset within the healthcare-focused Reit’s portfolio that was already identified for disposal[SINGAPORE] First Real Estate Investment Trust (Reit) has agreed to divest its property,...
Jardine Matheson to delist Mandarin Oriental at US$3.35 a share; Mandarin Oriental sells HK property for US$925 million
[SINGAPORE] Controlling shareholder Jardine Matheson is moving to take Mandarin Oriental private in a recommended cash takeover valued at US$3.35 per share, bringing the hotel group’s total valuation to...
Parkway Life Reit appoints Robin Hu as board chairman, Eng-Kwok Seat Moey as independent director
[SINGAPORE] The manager of Parkway Life Real Estate Investment Trust (Reit) has appointed a new chairman and an independent director to its board, it said on Friday (Oct 17)....
Micron to exit China server chip market after failing to recover from 2023 ban: sources
The ban on Micron products in critical infrastructure has shut the company out of the country’s data centre expansion boom[SEOUL/SHANGHAI] Micron plans to stop supplying server chips to data...
Singapore shares fall, tracking retreat in regional markets; STI down 0.6%
CapitaLand Integrated Commercial Trust is the top gainer on the benchmark index, rising 0.8% to S$2.38[SINGAPORE] Shares on the Singapore bourse closed lower on Friday (Oct 17), tracking declines...
Temasek-led consortium makes offer to delist China’s ANE in Hong Kong
The consortium is working with advisers on the take-private proposal, but the negotiations have been challenging[SINGAPORE/HONG KONG] ANE (Cayman) said on Friday (Oct 17) it received a conditional take-private...
Microsoft wants us talking to Windows 11 with new AI features
[WASHINGTON] Microsoft is trying to get people to talk to their computers, betting that voice and artificial intelligence software is powerful enough to make such interactions as effective as...
‘99-to-1’ transaction: PropNex says S$849,287 lawsuit against unit has been dropped
It is not expected to have a material impact on its financial position and performance[SINGAPORE] A lawsuit against PropNex Realty, a wholly owned subsidiary of PropNex , has been...
US: Wall St opens mixed after Trump’s trade comments