News
Link Reit CEO George Hongchoy retires after 16 years at company
[SINGAPORE] The group CEO of Link Asset Management Limited, George Hongchoy, plans to step down before the end of June 2026.Hongchoy has held the CEO position for 16 years...
One of Singapore’s longest-running hedge funds is shutting down on US investor pullback
[SINGAPORE] One of Singapore’s longest-running hedge funds, New Silk Road Investment, is shutting down after weak returns and a pullback by US investors in Asia led to a sharp...
Advanced Systems lodges police report over former execs’ alleged offences, unauthorised fund transfers
[SINGAPORE] Catalist-listed Advanced Systems Automation (ASA) has lodged a police report with the Singapore Police Force over potential offences committed by its ex-chief executive officer and a former director....
Temasek proposes 5-year, 10-year and 30-year tranches of offshore Chinese yuan bonds
These will be issued under its US$25 billion guaranteed global medium-term note programme[SINGAPORE] Temasek announced on Tuesday (Jul 22) a proposed notes issuance in a five-year tranche, in addition...
China scion’s fight with half-siblings sends succession warning
[HONG KONG] For decades, Kelly Zong had been known as the only child to her late billionaire father, the founder of beverage empire Hangzhou Wahaha Group. His effort to...
UOBKH initiates coverage on Lum Chang Creations with “buy” call on strong growth outlook
[SINGAPORE] UOB Kay Hian (UOBKH) has initiated coverage on Lum Chang Creations (LCC), assigning the interior fit-out business a “buy” call and a S$0.39 price target on Monday (Jul...
Rupiah to consolidate before further gains, Citi strategist says
[JAKARTA] The Indonesian rupiah’s recent gains are set to pause in the coming month before advancing to levels last seen in December, according to the currency’s top forecaster.Emerging-market currencies,...
Oracle in talks for US$100 million Skydance-Paramount cloud deal
[NEW YORK] Oracle is in discussions with Skydance Media for a major software deal once the media company’s acquisition of Paramount Global is complete.The new arrangement is expected to...
Michael Saylor’s Strategy owns 3% of Bitcoin in circulation after latest purchase
The cryptocurrency has risen about 1,100% during the same period, while S&P 500 has increased around 120%Published Tue, Jul 22, 2025 · 07:12 AM[NEW YORK] Michael Saylor’s Strategy now...
AstraZeneca vows to spend US$50 billion on US manufacturing, development
[MUNICH/WASHINGTON] AstraZeneca plans to invest US$50 billion in the US before 2030, becoming the latest European pharma company to ratchet up spending in the country ahead of potential tariffs...
