News
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...
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...
Air India admits compliance culture needs overhaul after flying Airbus without permit
The report is a stark admission from the airline whose Boeing Dreamliner crash in June killed 260 people[NEW DELHI] An Air India investigation into why one of its Airbus...
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...
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...
Asian utilities slow to confront climate risk
ASIA might need to grow up when it comes to protecting its power sector against climate-related loss and damage, a new report has suggested.Eleven major power-sector players in Asia...
E-commerce firm Meesho notches US$8.8 billion valuation in blockbuster India debut
The country’s IPO fundraising in 2025 is expected to surpass last year’s record US$20.5 billion[BENGALURU] Shares of e-commerce firm Meesho jumped about 58 per cent in their debut on...
Amazon says it will invest $35 billion in India by 2030 on AI, exports
Major US tech firms’ pledges in the country underscore its emergence as a hub for cloud, AI and deep-tech growthE-COMMERCE giant Amazon said on Wednesday (Dec 10) it will...
Olam Group says unit secures US$1.12 billion dual currency loan
OLAM Group said on Wednesday its unit olam food ingredients (ofi) had secured a multi-tranche dual currency term loan facility aggregating US$1.12 billion.The facility, consisting of two US dollar...
Gold edges lower as dollar climbs to near one-week high ahead of Fed verdict
[BENGALURU] Gold inched lower on Wednesday (Dec 10), as the dollar rose after a US jobs report indicated a stronger-than-expected labour market, pressuring prices, ahead of a widely anticipated...
