News
Meta hires ex-Trump adviser Dina Powell McCormick as president, vice-chairman
She will guide overall strategy with a particular focus on Meta’s AI infrastructure efforts[SAN FRANCISCO] Meta Platforms has appointed a former top adviser to US President Donald Trump to...
Volkswagen drops to third in China sales as fast-growing Geely Auto pips it
Legacy foreign carmakers such as Volkswagen have ceded share to Chinese rivals due to a slower shift to EVs[BEIJING] Volkswagen was overtaken by Geely Auto in sales in China...
Petronas seeks court clarity on Sarawak operations in gas licensing dispute
Sarawak’s push to control gas sales has raised concerns about potential revenue losses for the national energy firm[KUALA LUMPUR] Malaysia’s state energy company Petroliam Nasional Berhad (Petronas) said on...
British Land CEO Carter set to leave to lead GIC-backed P3 Logistics
[BENGALURU] British Land CEO Simon Carter plans to step down this year to join European logistics developer P3 Logistics Parks, the real estate group said in a statement on...
Thomson Medical appoints Tong Kooi Ong as board chairman
The Malaysian businessman succeeds Ng Ser Miang, who steps down on Jan 31 after a decade[SINGAPORE] Mainboard-listed Thomson Medical Group has appointed Malaysian businessman Tong Kooi Ong as its...
Heineken’s Van den Brink to step down as CEO
[LONDON] Dutch brewer Heineken said on Monday (Jan 12) its chief executive officer (CEO) Dolf van den Brink will step down on May 31, after nearly six years of...
South Korea makes checks on increasing US dollar deposits as won falls
[SEOUL] South Korean authorities summoned seven local banks last week to question them about increasing US dollar deposits, officials and bank sources said on Monday (Jan 12), amid growing...
Oil edges up as Iran supply risk counters Venezuela export resumption
[SINGAPORE] Oil prices edged higher on Monday (Jan 12) as escalating protests in Iran sparked concerns about supplies from the Opec producer, while efforts to resume oil exports from...
Vietnam central bank cuts credit growth target to 15% this year
The new target is lower than the 16% the bank initially set for 2025 before raising it during the year[HANOI] Vietnam’s central bank has cut its target for credit...
Japan sets sail on rare earth hunt as China tightens supplies
Since the 2010 scare, the Japanese government and private companies have built stockpiles of the minerals[SHIZUOKA] A Japanese mining ship departed on Monday (Jan 12) for a remote coral...
Budget 2026: SBF, PwC jointly propose centralised digital IP registry, expanding JS-SEZ to include Indonesia
The expanded JS-SEZ could create a more integrated and attractive proposition for global investors, say SBF and PwC[SINGAPORE] Developing Singapore as an intellectual property financing hub to maintain its...
