Entrepreneurship
Aster invests US$155 million to expand Singapore’s Bukom refinery capacity
[SINGAPORE] Aster Chemicals and Energy said on Tuesday (Dec 9) that it has invested US$155 million in rejuvenation projects at its Bukom refining facility, in a bid to strengthen...
Hong Kong asks investment banks to ensure IPO applications maintain standards
More than 300 companies have filed to list in the city, most of them from mainland China[HONG KONG] Investment banks preparing Hong Kong initial public offering (IPO) applications have...
Granite Asia raises US$350 million for fund backed by Temasek, Khazanah, INA
[SINGAPORE] Granite Asia, a Singapore-based investment firm, said on Tuesday (Dec 9) that it had raised more than US$350 million in the first close of its Pan-Asia private credit...
SingPost raises standard domestic mail rates by S$0.10
The new prices are S$0.62 for standard regular mail and S$0.90 for standard large mail [SINGAPORE] On Tuesday (Dec 9), Singapore Post (SingPost) announced a S$0.10 increase to its...
Nvidia wins Trump’s approval to sell H200 AI chips in China
The company sells the more advanced Blackwell generation in the US and is preparing to shift to an even speedier family of chips called Rubin[WASHINGTON] US President Donald Trump...
Jardine Matheson’s bid to privatise Mandarin Oriental gets shareholders’ nod
The required majority are in favour of the scheme of arrangement at US$3.35 a share[SINGAPORE] Shareholders of Mandarin Oriental International on Monday (Dec 8) voted in favour of Jardine...
US to allow Nvidia H200 chip shipments to China, says Trump
Nvidia shares rise 2% in after-hours trading after announcement; US president says same approach will apply to AMD, Intel[WASHINGTON] The United States will allow Nvidia’s H200 processors, its second-best...
Nomura sends bankers to New York, London in asset manager push
[TOKYO] Nomura Asset Management plans to relocate dozens of staff from its Tokyo headquarters to offices in cities such as London and New York to develop its homegrown talent...
PepsiCo plans layoffs as it looks to wrap up Elliott talks
Companies have frequently requested staff to work from home in recent years ahead of layoffs[WASHINGTON] PepsiCo announced a series of operational changes backed by activist investor Elliott Investment Management...
European shares subdued at close amid caution ahead of week’s Fed rate decision
Global markets have gained in the last few weeks on rising expectations of a Fed cut in December[BENGALURU] European shares ended subdued on Monday (Dec 8), with higher bond...
