News
Chipmaker Yangtze Memory weighs over US$40 billion China IPO next year: sources
[HONG KONG] Yangtze Memory Technologies is considering an initial public offering in mainland China at a valuation that could exceed US$40 billion, according to people familiar with the matter,...
Singapore counters close higher; STI rises 0.3%
Across the broader market, advancers beat decliners 311 to 262 after 1.4 billion securities worth S$1.6 billion change hands[SINGAPORE] Counters on the Singapore stock exchange broadly closed higher on...
Is gold losing its shine? What bullion’s plunge could signal, according to analysts
The precious metal was up 60% this year till recently, outstripping Bitcoin and the Magnificent Seven stocks [SINGAPORE] Questions on whether gold’s bull run is gone for good surfaced...
Apple’s iPhone Air receives muted reception in China debut
[BEIJING] Apple’s iPhone Air went on sale in China on Wednesday (Oct 22), eliciting a subdued consumer response in the world’s biggest smartphone arena.The launch in mainland China comes...
Indonesia’s central bank surprises with decision to hold rates steady
[JAKARTA] Indonesia’s central bank unexpectedly held its key interest rate steady on Wednesday (Oct 22), surprising markets with a pause in its easing cycle after cutting rates at its...
Oracle to tap deepening AI adoption in South-east Asia
The key would be in educating customers and prospects alike on the lowered barriers of entry to AI [LAS VEGAS] The race for companies in South-east Asia to adopt...
Singapore is top IPO market in South-east Asia in Q3: EY report
India, the US and Greater China contribute nearly 80% of the total US$48.2 billion in proceeds[SINGAPORE] Singapore was the top initial public offering (IPO) market in South-east Asia in...
MAS to announce measures to help listcos deliver greater shareholder value in November: Chee Hong Tat
They will include government grants, toolkits, and an expanded suite of engagement platforms[SINGAPORE] The Republic will be announcing more details of its “Value Unlock” programme in November, said Chee...
MAS to announce in November measures to help listcos deliver greater shareholder value: Chee Hong Tat
They will include government grants, toolkits, and an expanded suite of engagement platforms[SINGAPORE] The Republic will be announcing more details of its “Value Unlock” programme in November, said National...
Sanli Environmental scoops S$281 million LTA contract
[SINGAPORE] Catalist-listed Sanli Environmental won a S$281 million contract from the Land Transport Authority (LTA) on Tuesday (Oct 21).The contract – the largest single contract secured by the company...
F&B closures in Singapore: From private clubs to homegrown chains
Operators grapple with soaring rental costs, persistent manpower shortages and evolving consumer tastes[SINGAPORE] From private members’ clubs and Michelin-starred restaurants to decades-old heritage institutions, the closures in the food...
Sovereign wealth funds, including Singapore’s GIC, drive biggest deals in US$3.5 trillion M&A year
Rainmakers at the top investment banks say they expect the flurry of takeovers to continue[LONDON] Deep-pocketed sovereign wealth funds are helping drive a resurgence in dealmaking that’s taken global...