Culture
Nestle bows out of initiative to reduce dairy’s climate impact
[DUBAI] Less than two years ago, a group of the world’s biggest food companies, including Nestle, Danone and Kraft Heinz, announced a major alliance to cut methane emissions from...
Chinese 450 billion yuan optics firm Innolight weighs Hong Kong listing: sources
[HONG KONG] Zhongji Innolight, a Chinese maker of optical communication modules and devices, is considering a listing in Hong Kong, according to people familiar with the matter.The Shandong-based company...
Industrial property developer Soon Hock Enterprise to offer 21.6 million shares at S$0.58 apiece in mainboard listing
Post-IPO, Soon Hock will have a share capital of 310.6 million shares, taking its market cap to an estimated S$180.1 million[SINGAPORE] Industrial property developer Soon Hock Enterprise has launched...
Thai central bank unexpectedly holds rates, trims growth forecast
Policymakers leave the door open to more easing if the glum outlook for the economy deteriorates further[BANGKOK] Thailand’s central bank left its key interest rate steady on Wednesday (Oct...
Temasek-backed Foundation Healthcare mulls US$300 million Singapore IPO: sources
[SINGAPORE] Foundation Healthcare, backed by Temasek Holdings, is considering an initial public offering (IPO) that could value the medical group at more than US$1 billion, according to people with...
Australia’s central bank swings to A$11 billion profit, again skips paying dividend to government
The RBA’s equity position improves, led by valuation gains on its gold holdings[SYDNEY] Australia’s central bank swung to an accounting profit last financial year on lower bond yields and...
SoftBank to buy ABB’s robotics business in US$5.4 billion deal
[TOKYO] SoftBank Group said on Wednesday (Oct 8) it has agreed to buy the robotics business of Swiss engineering group ABB in a US$5.4 billion deal.The deal marks a...
SoftBank to buy ABB’s robotics arm in US$5.4 billion deal
[TOKYO] SoftBank Group has agreed to acquire ABB’s industrial robots unit at an enterprise value of almost US$5.4 billion, reflecting the Japanese investment firm’s interest in the burgeoning field.The...
Crypto race to tokenise stocks raises investor protection flags
The industry is divided over which regulations apply to stock tokens, and investor rights and protections vary[NEW YORK/PARIS] A race by crypto companies to sell tokens pegged to stocks...
Australia launches A$600 million rescue of Glencore copper smelter
The country’s metals processing sector has also been under pressure from high energy and labour costs[MELBOURNE] Australia announced a A$600 million (S$510 million) bailout over three years for Glencore’s...
Gold is booming. From mega vaults to discreet transport, who are the key players in Singapore?
[SINGAPORE] Gold surged into uncharted territory on Wednesday (Oct 8), opening above US$4,000 an ounce for the first time, in a year that has seen it consistently set new...
SkillsFuture trainers to be banned from using third-party marketing from Dec 1
However, marketing and promotion are allowed under collaborations with designated intermediaries[SINGAPORE] Training providers registered under SkillsFuture Singapore (SSG) will be prohibited from using third parties to promote, advertise or...