US sets conditions for Turkey’s F-35 hopes

US sets conditions for Turkey’s F-35 hopes

The U.S. has reiterated that Turkey must give up the S-400 missile defense system it purchased from Russia to be eligible for the acquisition of advanced F‑35 fighter jets. “As laid out in U.S. law, Turkiye must no longer operate nor possess the S-400 system to return to the F-35 program,” U.S. Ambassador to Turkey…

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MPACT sells Festival Walk Tower for close to HK$2 billion

MPACT sells Festival Walk Tower for close to HK billion

[SINGAPORE] The manager of Mapletree Pan Asia Commercial Trust (MPACT) announced on Wednesday (Dec 10) that its subsidiary Festival Walk will sell Festival Walk Tower for nearly HK$2 billion (S$328.1 million) to an unrelated third party. The tower, which is the office component of Festival Walk in Hong Kong, has a lettable area of 213,982…

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Coal’s grip on Asia strengthens as early phaseout bids stall

Coal’s grip on Asia strengthens as early phaseout bids stall

[JAKARTA] Coal’s future in Asia is looking brighter, as the top-consuming region’s efforts to shift to cleaner energy suffer a series of setbacks. Indonesia has cancelled a flagship project that was the poster child for shuttering coal plants early. India is considering expanding its fleet until mid-century instead of through 2035. And China’s on track…

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‘Sentimental Value’ Co-Producers To Be Honored With Eurimages International Co-Production Award

‘Sentimental Value’ Co-Producers To Be Honored With Eurimages International Co-Production Award

Maren Ade, Jonas Dornbach, and Janine Jackowski, co-heads of Germany’s Komplizen Film, will be feted with the Eurimages International Co-Production Award at the European Film Awards in January. The award is presented by the European Film Academy in co-operation with Eurimages, the cultural support fund of the Council of Europe, and acknowledges the role of…

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Airbus CEO concedes likely defeat to Boeing in order race this year

Airbus CEO concedes likely defeat to Boeing in order race this year

The planemaker remains ahead of its US rival in deliveries and the pipeline of outstanding orders [PARIS] Airbus CEO Guillaume Faury conceded likely defeat in the annual order race against Boeing on Wednesday (Dec 10), saying it was possible Boeing would win for the first time in six years, helped by settlements over US tariff…

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Mapped: Russia and China’s militaries move on US ally’s doorstep

Mapped: Russia and China’s militaries move on US ally’s doorstep

A Newsweek map shows Russia and China deployed air and naval units—including bombers and an aircraft carrier—for a joint patrol and training near Japan on Tuesday. The Russian Defense Ministry said the joint air patrol was not directed against third countries, while the Chinese military said the aerial maneuver demonstrated their ability to address security…

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Japan Sweetens Film Incentive Program With Multi-Year Subsidies

Japan Sweetens Film Incentive Program With Multi-Year Subsidies

Japan is continuing with its incentive program for overseas projects, which has supported the likes of The Smashing Machine, and is enhancing the offer for 2026. The Visual Industry Promotion Organization (VIPO) and the Japan Film Commission have announced the Ministry of Economy, Trade and Industry (METI) will update the scheme, including the introduction of…

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Singapore stocks close flat ahead of Fed interest rate decision

Singapore stocks close flat ahead of Fed interest rate decision

[SINGAPORE] Singapore stocks ended lower on Wednesday (Dec 10), ahead of a policy decision by the US Federal Reserve. The benchmark Straits Times Index (STI) was flat, shedding 1.34 points to close at 4,511.90. The iEdge Singapore Next 50 Index lost 0.1 per cent or 1.56 points, ending the day at 1,435.02. The three local…

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12,000 Marriott suppliers in Singapore, Malaysia, Indonesia to get same-day invoice financing by OCBC

12,000 Marriott suppliers in Singapore, Malaysia, Indonesia to get same-day invoice financing by OCBC

The partnership gives the hospitality group’s SME suppliers quick and seamless access to capital, and enables them to be more sustainable [SINGAPORE] OCBC and Marriott International have formed a strategic partnership that will enable the hospitality group’s small and medium-sized enterprise (SME) suppliers in Singapore, Malaysia and Indonesia to enjoy same-day invoice financing. Suppliers that…

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