News
Civmec to acquire ship manufacturer Luerssen Australia for A$20 million
The aim of the deal is to solidify Australia’s sovereign shipbuilding capability[SINGAPORE] Australian construction engineering company Civmec will purchase Luerssen Australia from Naval Vessels Lurssen (NVL) Australia for A$20...
Foxconn nears deal to supply electric buses to Mitsubishi Fuso: report
The Japanese commercial automaker and Taiwanese chipmaker are looking to create a new company to oversee the buses, according to the reportPublished Thu, Jun 26, 2025 · 08:46 AM[BENGALURU]...
Stocks to watch: SIA, Sembcorp, Keppel, Cordlife, CapitaLand India Trust, Civmec, ASL Marine
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jun 26): Singapore Airlines (SIA): The national carrier announced in its annual report on...
Circle K owner misses estimates on lower fuel prices, demand
[TORONTO] Circle K owner Alimentation Couche-Tard slightly missed earnings estimates for its fiscal fourth quarter earnings because of lower fuel demand.The Canadian convenience store and fuel retailer earned 46...
China’s Xiaomi to launch first SUV as shares near record high
[HONG KONG] The unveiling of Xiaomi’s first electric SUV on Thursday (Jun 26) will showcase how the Chinese tech company has become an investor darling with its high-stakes bet...
Assisted living in Singapore: Companies face steep costs, but innovation is still possible
[SINGAPORE] Assisted living facilities – which enable elderly folk to live semi-independently with elderly-friendly amenities and care services – are a tough business in land-scarce Singapore. But there is...
SingPost halves sacked CEO Vincent Phang’s pay to S$616,400
[SINGAPORE] Former Singapore Post (SingPost) group chief executive Vincent Phang, who was dismissed over the mishandling of a whistleblower complaint, received S$616,400 in remuneration for the financial year ended...
Billionaire Richard Li’s FWD Group seeks to raise HK$3.47 billion in Hong Kong IPO
Published Thu, Jun 26, 2025 · 06:38 AMINSURER FWD Group, backed by billionaire Richard Li, is looking to raise HK$3.47 billion (S$565.3 million) through a Hong Kong initial public...
Hong Kong intervenes to defend FX peg as local currency drops
[HONG KONG] Hong Kong’s de facto central bank bought the local dollar to prop it up on Thursday (Jun 26), in a move to defend the city’s currency peg...
Oil rebounds on signs of strong US demand
[NEW YORK] Oil prices rose nearly 1 per cent on Wednesday, recovering from a sharp slide early this week, as data showed relatively strong US demand, and as investors assessed the...
Banks critical to help companies in more protectionist global economic order: Gan Kim Yong
[SINGAPORE] Banks play a critical role in helping companies as they adapt to a more protectionist global economic order, said Deputy Prime Minister Gan Kim Yong, who is also...
Keppel partners AIIB for up to US$1.5 billion in Asia-Pacific green infrastructure deals
[SINGAPORE] Asset manager Keppel has partnered Asian Infrastructure Investment Bank (AIIB) to facilitate up to US$1.5 billion worth of sustainable infrastructure investments and financing opportunities in Asia-Pacific.The tie-up will...