Indonesia opens domestic carbon market to global investors
INDONESIA’S domestic carbon exchange opened trading to foreign participants as the nation aims to restore its position as a major hub for offsets and attract more investment for local…
Swedan Margen
I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.
Singapore shares open Monday lower ahead of Trump inauguration; STI down 0.3%
SINGAPORE shares began Monday (Jan 20) trading in negative territory while markets abroad finished higher ahead of Trump’s inauguration. As at 9.02 am, the Straits Times Index (STI) was…
TikTok was gone. It's back with a Trump lifeline
On Sunday, TikTok users in the United States were momentarily silenced after the Supreme Court unanimously upheld a new law that requires the social media app’s Chinese owner to sell…
Vietnam’s VinFast to roll out two cars in 2025 in India debut
ELECTRIC vehicle (EV) maker VinFast said it plans to begin selling two made-in-India cars in the South Asian country later this year, marking the Vietnamese carmaker’s debut in the world’s…
The Supreme Court upheld the TikTok ban. Here's what happens now
The Supreme Court has paved the way for TikTok to be banned in the U.S. on Sunday. The high court on Friday upheld a new law that requires the social media app’s Chinese owner to sell off…
FTC refers Snap complaint alleging its chatbot harms young users
The Federal Trade Commission on Thursday announced it had referred a complaint against Snap Inc. to the Department of Justice, alleging the social media company’s AI-powered chatbot is…
Latest Singapore 6-month T-bill cut-off yield slips to 2.99%
THE cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) fell to 2.99 per cent, based on auction results released by the Monetary Authority of Singapore on Thursday (Jan…
US: Wall St opens higher after inflation data, strong bank earnings
Wall Street’s main indexes opened higher on Wednesday (Jan 15), as data showed core inflation rose less than expected in December and investors cheered a strong batch of quarterly results…
ESR Reit to sell Tuas industrial building for S$9.9 million
THE manager of ESR real estate investment trust (ESR Reit) has entered into a contract to divest an industrial building for about S$9.9 million. The consideration represents a 1.5 per cent…
MOH to closely monitor Cordlife’s governance, practices over one-year period; shares climb 10.3%
THE Ministry of Health will closely monitor Cordlife Group’s governance and ensure its practices are consistent and compliant with regulatory requirements, the ministry said on Wednesday…
Elon Musk sued by SEC over late 2022 disclosure of Twitter stake
The U.S. Securities and Exchange Commission sued Elon Musk on Tuesday, alleging failure to timely disclose that he bought more than 5% of Twitter’s stock in 2022 before he took over the…
'TikTok refugees' unexpectedly turn to Chinese alternative as ban looms
TAIPEI, Taiwan — TikTok users concerned about a looming ban are finding solace in a strange place. Days ahead of a Supreme Court decision that could determine whether the popular…
SIA Engineering adds MOM perm sec Ng Chee Khern to board
SIA Engineering has appointed Ng Chee Khern, the permanent secretary of the Ministry of Manpower, as an independent non-executive director, with effect from Feb 1. Along with the…
Sonos CEO to step down after disastrous app overhaul
Sonos Chief Executive Patrick Spence is stepping down and leaving the company’s board in a shake-up that comes as the wireless speaker maker tries to win back the trust of its customers.…
Who Is Ruben Montes? LAFD Arrests Second Arsonist after He Was Seen Starting New Fires in Los Angeles as They Struggle to Contain Wildfires
A man has been arrested after firefighters reportedly caught him "actively lighting fires" in Los Angeles County. Ruben Montes, 29, was arrested on Sunday on suspicion of arson in…
US: Wall St opens lower as investors dial back bets on Fed rate cuts this year
Wall Street’s main indexes opened lower on Monday (Jan 13), as yields surged after robust payroll numbers last week bolstered expectations that the Federal Reserve will maintain a hawkish…
China’s battery giant CATL hires banks for first-half Hong Kong float: sources
CHINESE battery giant CATL has hired banks, including JPMorgan and Bank of America, to work on a Hong Kong listing, in what could be one of the city’s largest offerings in 2025, two people…
Gold beats STI, Hong Kong-listed tech to be top-traded ETF on SGX in 2024
The precious metal continues to shine as investors look to diversify equity and bond portfolios amid geopolitical tensions and market volatility, says analyst RECORD-HIGH gold prices in…
GSK to buy US cancer biotech IDRx for up to US$1.15 billion
GSK agreed to buy US biotech IDRx for as much as US$1.15 billion to gain new cancer medicines. The UK drugmaker will pay US$1 billion upfront for IDRx, whose lead drug for gastrointestinal…
Bezos says space industry has room for ‘multiple winners’
AMAZON-FOUNDER and billionaire Jeff Bezos said the space industry has room for “multiple winners”, including his own firm Blue Origin and the company it most hopes to challenge, Elon…
Top Asian oil buyers in turmoil after sweeping Russian sanctions
REFINERS, tanker operators, traders and port executives across Asia were scrambling on Monday (Jan 13) to manage the fallout from the US’s most aggressive sanctions on Russia’s oil…
Top Asian oil buyers in turmoil after sweeping US sanctions on Russia’s oil industry
REFINERS, tanker operators, traders and port executives across Asia were scrambling on Monday (Jan 13) to manage the fallout from the United States’ most aggressive sanctions on Russia’s…
China flags more policy measures to bolster renminbi
CHINA announced more tools to support its weak currency on Monday (Jan 13), unveiling plans to park more US dollars in Hong Kong to bolster the renminbi and to improve capital flows by…
PropertyGuru CEO Hari Krishnan steps down
PROPERTYGURU’s chief executive and managing director Hari Krishnan will be stepping down as CEO of the group, after a decade in this role. In a statement on Monday (Jan 13), Krishnan said…