News

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...
Chinese semiconductor firm OmniVision jumps 16.2% in Hong Kong trading debut
[HONG KONG] Shares of OmniVision Integrated Circuits jumped 16.2 per cent in their Hong Kong debut on Monday (Jan 12), after the Chinese semiconductor design company raised HK$4.8 billion...
UOI bets on hybrid insurance model as customers seek both digital ease and human touch
It also offers specialised products that meet specific consumer needs, such as Singapore’s first dedicate cruise insurance [SINGAPORE] Even as insurance processes become increasingly digitalised, boosting speed and convenience,...
Five S-Reits that saw strong growth in trading activity in H2 2025
[SINGAPORE] Trading activity in the Singapore real estate investment trust (S-Reit) sector rose overall in the second half of 2025 compared with the first half, amid new Reit listings and a...
Amazon has big hopes for wearable AI – starting with this US$50 gadget
[NEW YORK] Several months after Amazon.com bought artificial intelligence (AI) hardware startup Bee, the company said that it’s working to make its US$50 always-listening wearable more proactive, and indicated...
Rio-Glencore deal closer than ever with premium and CEO in focus
The idea of a combination of the two companies has been discussed several times over more than a decade[LONDON] Glencore boss Gary Nagle has called it the most obvious...
Trump calls for one-year cap on credit card interest rates at 10%
Lawmakers from both the Democratic and Republican Parties have raised concerns about high rates and have called for those to be addressed[WASHINGTON] US President Donald Trump said on Friday...