Culture
Indonesian arm of Malaysia’s Mr DIY climbs on market debut
THE Indonesian arm of Malaysia-based home improvement retailer Mr DIY Group shook off a wobbly start to rise on its stock market debut on…
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Culture
Culture
Hong Kong central bank cuts interest rate, tracking US Fed move
THE Hong Kong Monetary Authority (HKMA) on Thursday (Dec 19) cut its base interest rate charged via the overnight discount window by 25…
Culture
Malaysian Resources has exited high-speed rail bid, says partner Berjaya
MALAYSIAN Resources has withdrawn from a consortium that is bidding for a proposed multi-billion dollar high-speed rail (HSR) line between…
Culture
China banks raise mortgage rates for the first time since 2021
CHINESE banks raised new mortgage costs for the first time in three years, as narrowing margins are dragged down by a persistent property…
Culture
PBOC offers strongest yuan support since July after US dollar gains
CHINA ramped up support for the currency via its daily reference rate after US Federal Reserve’s caution over future interest rate cuts…
Culture
Gold at one-month low after US Fed flags slower rate cut pace next year
GOLD prices languished near a one-month low on Thursday (Dec 19) after the US Federal Reserve indicated it would slow the pace of its…
Culture
China’s LGFVs raise record dim sum debt as domestic curbs bite
CHINESE local government financing vehicles (LGFVs) are selling an unprecedented amount of offshore yuan bonds, skirting attempts made by…
Culture
STI continues losing streak, falls 0.4 per cent after US Fed signals fewer rate cuts
SINGAPORE shares fell at the end of trading on Thursday (Dec 19), with the Straits Times Index (STI) tracking Asian indices after the US…
Culture
Yeo Hiap Seng lays off 25 employees as Oatly shuts its Singapore plant
YEO Hiap Seng will be laying off 25 employees as a result of Oatly’s decision to cease its manufacturing operations in Singapore. On…
Culture
Merck snags Chinese obesity drug in nearly US$2 billion deal
MERCK snagged a potential drug in the burgeoning market for obesity medications in a deal worth as much as US$2 billion. Under the terms…
Culture
MicroStrategy’s Michael Saylor wants more ‘intelligent leverage’
MICROSTRATEGY co-founder and chairman Michael Saylor says the dot-com-era software maker turned leveraged Bitcoin proxy plans to focus…
Culture
Micron drops after sluggish PC, phone demand hurts forecast
MICRON Technology, the largest US maker of computer memory chips, tumbled in late trading after its revenue forecast missed projections by…
Culture
Bitcoin retreats from record high after US Fed cools risk appetite
BITCOIN fell for the first time in four days with speculative bets being pared across financial markets after US Federal Reserve officials…
Culture
Singapore healthcare players narrow focus, expand overseas in medical tourism race
Foreign patients are moving towards cheaper hubs such as Malaysia and Thailand, forcing the city-state’s healthcare providers to focus on…
Culture
Oatly to shut S$30 million plant jointly invested with Yeo Hiap Seng
SWEDISH drink manufacturer Oatly will be shutting its Singapore plant – jointly invested with local food and beverage company Yeo Hiap…
Culture
China firms seeking second listings seen boosting Hong Kong deal volume
HONG Kong’s dealmakers are betting on mainland-traded Chinese companies’ second listings to boost share-sale volumes next year, building…
Culture
China central bank urges financial institutions to guard against rate risks in bond market
CHINA’S central bank on Wednesday (Dec 18) urged financial institutions to guard against interest rate risks when trading in bonds,…
Culture
Chipmaker Kioxia surges 12% in Tokyo debut after jumbo IPO
MEMORY-chip maker Kioxia Holdings soared 12 per cent in its debut on the Tokyo Stock Exchange on Wednesday (Dec 18), underscoring strong…
Culture
ST Engineering wins S$180 million in contracts for Bangkok rail project
THE urban solutions business of ST Engineering has bagged about S$180 million worth of contracts for the new 35.9-km mass rapid transit…
Culture
Boeing says it has resumed 767, 777 wide-body production
BOEING said late on Tuesday it has resumed production of all airplane programmes that had been halted by a machinists’ strike in the…
Culture
GIC invests further US$150 million in Asia Healthcare Holdings
GIC announced on Wednesday (Dec 18) that it will be investing an additional US$150 million into Asia Healthcare Holdings (AHH), a…
Culture
Singapore shares retreat at Wednesday’s open; STI down 0.2%
SINGAPORE stocks started trading in negative territory on Wednesday (Dec 18) morning, mirroring overnight losses in global markets. As at…
Culture
STI continues losing streak; falls 0.5% on Wednesday
THE Straits Times Index (STI) continued the losing streak on Wednesday (Dec 18), while regional indices had mixed results. The STI was…
Culture
STI extends losses; falls 0.5% on Wednesday
THE Straits Times Index (STI) fell for a second day on Wednesday (Dec 18), while regional indices had mixed results. The STI was down 0.5…