Culture
Thailand moves to recriminalise cannabis, shaking US$1b industry
[BANGKOK] Thailand’s government is moving to recriminalise cannabis, plunging into limbo an industry estimated to be worth over US$1 billion that has boomed since the substance was taken off...
Sembcorp unit’s acquisition of 49 MW Vietnam hydropower asset delayed
The company will take ‘regulatory uncertainties’ into account for new investments in the country[SINGAPORE] The acquisition of a 49-megawatt (MW) hydropower asset in Vietnam by a unit of Sembcorp...
Going around in circles: Do Singapore investors have the appetite for another telco listing?
[SINGAPORE] Singapore’s public listing drought has left investors searching for any sign of life in the markets.It is understandable, then, that the potential listing of Singapore-based virtual telecommunications player...
Investment firm PAG raises 3.1 billion yuan in first yuan-denominated buyout fund: sources
[HONG KONG] Asia-focused investment firm PAG has raised 3.1 billion yuan (S$553 million) at the first close of its inaugural yuan-denominated buyout fund, exceeding its target, two people with...
DBS, CapitaLand and more: Singapore’s long term wealth creation set to boost local stocks, says Morgan Stanley
[SINGAPORE] As Singapore reaches its 60th birthday, Morgan Stanley said the city-state is “primed for wealth creation”.That could unlock real gains for investors, the investment bank said in a...
Trump baffles with sudden U-turn on China buying Iranian oil
[WASHINGTON] US President Donald Trump on Tuesday (Jun 24) appeared to undermine years of US sanctions on Iran, giving its biggest customer, China the green light to carry on...
Bank of Korea warns of housing, debt risks as easing continues
[SEOUL] Persistent housing price gains, particularly in the Seoul metropolitan area, could accelerate debt accumulation in South Korea and pose risks to financial stability, threatening a financial system that...
Tesla sales skid in Europe in May despite EV rebound
The EU aims to end sales of new internal combustion engine cars in 2035, but high prices and a perceived lack of charging infrastructure have given consumers pausePublished Wed,...
Asia: Stocks rally as Iran-Israel ceasefire holds, oil claws back some losses
[HONG KONG] Most equities extended a global rally on Wednesday (Jun 25) after Iran and Israel agreed to a ceasefire that ended more than a week of hostilities, while...
China urges AIIB to step up cross-border development funding, says global aid drying up
Chinese officials have increasingly emphasised ties with South-east Asia, which last year overtook the EU to become the US$19 trillion economy’s top export marketPublished Wed, Jun 25, 2025 ·...
Gold prices flat as fragile Iran-Israel ceasefire tempers safe-haven demand
[BENGALURU] Gold prices held their ground on Wednesday (Jun 25) as a tentative ceasefire between Iran and Israel dampened safe-haven demand, though a weaker US dollar and bargain-hunting after...
ST Engineering divests entire equity interest in US-based construction manufacturer LeeBoy for US$290 million
[SINGAPORE] Singapore Technologies Engineering (ST Engineering) on Tuesday (Jun 24) announced that it will be selling its entire equity interest in ST Engineering LeeBoy, a US-based construction equipment manufacturer,...