Culture
Surge in interest, capital into private credit as investors retool portfolios
A large majority of them are intending to make an allocation to a private debt fund: Preqin[SINGAPORE] More capital has been flowing into private credit, amid growing interest among...
Net-Zero Banking Alliance formally winds down after Wall Street exodus
THE world’s biggest climate alliance for banks said on Friday (Oct 3) that it has ceased operations, bringing to a formal end a project that drew net-zero pledges from...
Singapore shares continue to climb; STI up 0.4%
Across the broader market, gainers beat losers 336 to 247, as 1.6 billion securities worth S$1.7 billion change hands[SINGAPORE] Singapore stocks wrapped up the week with a series of...
Keppel-led consortium appointed for next phase of ammonia power and bunkering project on Jurong Island
The project is part of Singapore’s National Hydrogen Strategy, which was launched in 2022[SINGAPORE] The Republic has appointed a consortium led by global asset manager Keppel for the next...
Huawei used TSMC, Samsung, SK Hynix components in top AI chips: TechInsights
[WASHINGTON, DC] Huawei Technologies used advanced components from Asia’s largest technology firms in at least some of its leading Ascend AI processors, a research firm discovered during teardowns, highlighting...
Hong Kong stocks retreat from four-year high as investors pocket gains
[HONG KONG] Hong Kong stocks fell on Friday (Oct 3) as investors locked in gains after the benchmark index hit a new four-year high in the previous session.At the...
From mala to mall: 5 ways Singaporeans are swiping more in Johor
Transactions are up sharply even as the average ticket size dips, suggesting consumers are crossing the Causeway more often and buying more frequently[SINGAPORE] Singaporeans are swiping their cards more...
Japan faces beer crunch after cyberattack hobbles Asahi’s output
[TOKYO] Seven & i Holdings and other retailers in Japan are warning customers of possible Asahi Super Dry beer shortages after a cyberattack paralysed production and distribution at Asahi...
Budget Chinese carrier Spring Airlines mulls Hong Kong listing: sources
The airline has been more consistent in posting profit than the country’s main state-run carriers [HONG KONG] Chinese budget carrier Spring Airlines is considering a listing in Hong Kong,...
Singapore banks to enforce 24-hour cooling period for digital transactions exceeding 50% of account balance
This is for current and savings accounts, including joint ones, with balances of at least S$50,000[SINGAPORE] In a move to fortify protections against scams, major retail banks in Singapore...
