Culture
Indonesia central bank makes market intervention after rupiah depreciation
Indonesia’s central bank intervened in the foreign exchange market in a measured way on Thursday (Jun 19), an official said, after the…
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Culture
Culture
Japan to cut super-long bond sales by 10% to calm markets
Japan’s government plans to cut sales of super-long bonds by about 10 per cent from its original plan in a rare revision to its bond…
Culture
Grab-GoTo merger talks face Indonesian regulatory hurdles: sources
[JAKARTA/SINGAPORE] Singapore-based Grab’s plan to acquire Indonesia’s GoTo to create a dominant South-east Asian ride hailing and food…
Culture
Swiss National Bank cuts interest rate to zero in effort to stop franc inflows
The Swiss National Bank (SNB) cut its interest rate to zero, seeking to deter investors from pushing up the franc. The quarter-point…
Culture
Swiss watch exports slump in May as US tariffs shake market
Asia exports slump as shipments to China, Japan and Hong Kong plunge by double digits in latest data Swiss watch exports dropped by almost…
Culture
Philippines cuts key rate again as inflation stays below target
The Bangko Sentral ng Pilipinas reduced its overnight target reverse repurchase rate to 5.25% on Thursday The Philippine central bank…
Culture
Prudential, AIA still offering pre-authorisation at Mount Elizabeth hospitals despite Great Eastern’s shock move
Insurers in Singapore are not following Great Eastern’s footsteps to suspend pre-authorisation certificates for admission into Mount…
Culture
Flights to Indonesia's Bali resume after disruption by volcano eruption
All flights to and from the Indonesian resort island of Bali resumed on Thursday (Jun 19) after being cancelled or delayed due to…
Culture
Thai Airways exits debt restructuring plan with court approval
Thai Airways International won court approval to exit a debt restructuring programme, paving the way for resumption of trading in its…
Culture
Julius Baer’s new CEO takes on old guard to revamp Swiss bank
On his first day as chief executive officer, Stefan Bollinger told staff at Julius Baer Group that they should not be afraid to speak up…
Culture
Abu Dhabi state oil firm makes US$18.7 billion bid for Australia’s Santos
Abu Dhabi’s state-owned oil company is leading a takeover bid for Australian energy group Santos, valuing it at US$18.7 billion, the two…
Culture
Indonesia bourse mulls extending trading window by one hour
The Indonesian stock market currently operates in a seven-hour window of 9.00 am to 4.00 pm Indonesia’s stock exchange will consider…
Culture
Bank of Japan to weigh slowdown in bond buying cuts after volatility rises
The Bank of Japan (BOJ) is set to consider whether to taper its bond purchases at a slower pace while also leaving its benchmark interest…
Culture
Stocks to watch: Suntec Reit, ESR Reit, Sabana Industrial Reit, Acrophyte Hospitality Trust, Fu Yu
The following companies saw new developments that may affect trading of their securities on Monday (Jun 16): Suntec Real Estate Investment…
Culture
Australia’s ASIC initiates probe into bourse operator ASX
RALIA’S securities regulator said on Monday that it has launched an investigation into Australian bourse operator ASX’s governance,…
Culture
Livingstone Health’s strategy rooted in patient care and steady growth
Livingstone Health is not in a rush to grow. Much like the lithops – a hardy succulent also known as a living stone, from which the…
Culture
Perennial explores Reit listings in China with ‘aggressive’ expansion in medical, eldercare sectors
Property playerPerennial Holdings is exploring real estate investment trust (Reit) listings in China – one for commercial properties and…
Culture
A ‘village’ where Alzheimer’s patients move about freely: Perennial’s new care model in China
[XI’AN] Near the scenic Qinling mountains of Xi’an is a life-sized replica of a typical Chinese town. It features residential blocks, a…
Culture
Fu Yu’s independent directors resign, leaving the CEO as the only director
All of Fu Yu Corporation’s independent directors have resigned, indicated bourse announcements on Sunday (Jun 15). Independent directors…
Culture
BT boss Kirkby expects AI to deepen job cuts, FT reports
Group chief executive Allison Kirkby said advances in artificial intelligence (AI) could deepen significant job cuts under way at the…
Culture
Taiwan imposes technology export controls on Huawei, SMIC
Taiwan has blacklisted Huawei Technologies and Semiconductor Manufacturing International Corp (SMIC), dealing another major blow to the…
Culture
China’s biotech moment ignites a 60% stock rally that beats AI
China’s biotechnology stocks have shaken off a four-year slump to be among the hottest performers in Asia this year and funds are tipping…
Culture
Oil market, long numb to war risk, confronts weekend of worry
The past two years of escalating tensions in the Middle East have taught oil traders to be sanguine about the risk of disruption to oil…
Culture
New World sells 138 Hong Kong homes at discount within hours
New World Development and its partners sold 138 apartments in a few hours at a new project after pricing the homes at a discount to lure…