Culture

China tech firms ramp up M&A deals with the blessing of Beijing
June 26, 2025
[BEIJING] After a chastening crackdown that wiped billions off their value and forced top executives out of the public eye, China’s technology giants are back in favour and on...
Indonesia working on new e-commerce tax rule in bid to target ‘shadow economy’
June 26, 2025
[JAKARTA] Indonesia is working on a new regulation that will require e-commerce platforms to collect and pass on sellers’ sales income in a bid to tackle the “shadow economy”,...
AEM raises H1 FY2025 revenue guidance to up to S$195 million on pull-in of customer orders
June 26, 2025
It will provide guidance for the second half of the year when it reports its earnings on Aug 13[SINGAPORE] Semiconductor test solutions provider AEM has raised its revenue guidance...
Top Glove Q3 profit slides 31% to RM34.7 million despite higher revenue
June 26, 2025
[SINGAPORE] Malaysian glove maker Top Glove on Thursday (Jun 26) posted a net profit of RM34.7 million (S$10.5 million) for its third quarter ended May, 31 per cent down...
Japan hits M&A record of US$232 billion, driving Asia deals rebound
June 26, 2025
[TOKYO/HONG KONG] Japan is driving Asia’s mergers and acquisitions (M&A) rebound in 2025 with a record US$232 billion worth of deals in the first half, and bankers expect the...
Bank of Korea overhauls repo framework amid changing liquidity conditions
June 26, 2025
[SEOUL] The Bank of Korea (BOK) said it’s revamping its open market operation framework to increase its operational flexibility to manage liquidity, stabilise short-term rates, and respond during periods...
US dollar slips as Trump considers naming next US Fed chair early
June 26, 2025
[SINGAPORE] The US dollar dipped amid an increase of bets on US interest-rate cuts due to growing expectations that the next US Federal Reserve chairman is likely to ease...
Asia: Stocks down with eyes on Mideast, dollar hit by Trump Fed comment
June 26, 2025
[HONG KONG] Most stocks fell on Thursday and oil rose as traders kept a nervous eye on the Iran-Israel ceasefire, while the dollar dropped after Donald Trump said he...
China opens first offshore gold vault and contracts in Hong Kong
June 26, 2025
[SINGAPORE] The Shanghai Gold Exchange (SGE) has expanded outside mainland China for the first time, with the rollout of two new contracts and a bullion vault in Hong Kong.The...
Mars US$36 billion Kellanova deal waved ahead by US regulator
June 26, 2025
[SAN FRANCISCO] Mars’ US$36 billion takeover of snack maker Kellanova was given the green light by the US Federal Trade Commission (FTC) on the same day European Union regulators...
Indonesia’s yield curve may steepen as Bank Indonesia unwinds intervention
June 26, 2025
[JAKARTA] Indonesia’s sovereign yield curve is set to steepen as the central bank reduces its use of short-term rupiah securities, prompting a shift in demand towards government bonds.The spread...
Civmec set to acquire ship manufacturer Luerssen Australia for A$20 million
June 26, 2025
[SINGAPORE] Construction and engineering services provider Civmec will purchase Luerssen Australia from Naval Vessels Luerssen (NVL) Australia for A$20 million (S$16 million) in cash, the company said on Thursday...