Danantara seeking 50 trillion rupiah in bonds from ‘patriot’ investors
Indonesia’s sovereign wealth fund has reported US$1 trillion in assets under management, and oversees nearly 900 state firms Indonesia’s newly established sovereign wealth fund…
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Fashion
Asia: Stocks down after Trump Fed firing, tariff threats
ASIAN stocks retreated on Tuesday after a series of market-rattling announcements by US President Donald Trump, including the unusual firing of a central bank official and threats to…
GIC in talks to invest in Goodman’s data centres: report
Singapore’s sovereign wealth fund GIC is considering a proposal to invest in data centre assets owned by Australian property firm Goodman Group, the Australian Financial Review…
Perplexity AI to share search revenue with publishers
PERPLEXITY AI on Monday said it will begin paying out millions of dollars to media outlets as part of a new model for sharing search revenue with publishers. The company’s media partners…
14 Singapore companies in fast-rising sectors are in Forbes Asia ‘100 to Watch’ 2025 list
India-based firms feature 18 times, while Singapore-based ones are tied for second with Japan-based companies Fourteen Singapore companies have been featured on the 2025 Forbes Asia “100…
Mastercard appoints new president for Asia-Pacific
Mastercard announced on Tuesday (Aug 26) that Richard Wormald, who is currently division president, Australasia at the company, will be stepping up as the new president, Asia-Pacific.…
Frasers Property unit to buy rest of Yishun 10 mall from Frasers Centrepoint Trust for S$34.5 million
Frasers Property is proposing to buy the remaining properties at Yishun 10 mall it does not yet own from Frasers Centrepoint Trust (FCT). This comes after Frasers Property, FCT’s sponsor,…
Gold hits two-week high as US dollar slips after Trump fires Fed’s Cook
Markets are now pricing in an 83% chance of a quarter-point rate cut at the Fed’s Sep 17 policy meeting, according to the CME FedWatch Tool Gold prices rose to a two-week high on…
Stocks to watch: Frasers Property, Frasers Centrepoint Trust, Thomson Medical, Marco Polo Marine
The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 26): Frasers Property, Frasers Centrepoint Trust (FCT): Its wholly owned subsidiary…
Korean Air announces 103 Boeing jet order amid Trump-Lee summit
Korean Air announced an order on Monday for 103 Boeing airplanes coinciding with the visit of South Korean President Lee Jae Myung to Washington, sources told Reuters. The order,…
Talent a key priority for new GXS Bank CEO Lai Pei Si
It has been some two months since Lai Pei Si took over as chief executive officer of digital bank GXS Bank on Jun 1, and she is making talent her top priority. Lai said that people are the…
Musk's xAI sues Apple and OpenAI, escalating billionaire's tech feud
Elon Musk on Monday ramped up his legal feud with OpenAI as his companies filed a new lawsuit against OpenAI and Apple accusing both of anticompetitive behavior in the artificial…
Intel warns US stake could hurt international sales, future grants
Intel said on Monday (Aug 25) that the US government’s 9.9 per cent stake in the chipmaker could pose risks to its business, from potentially harming international sales to limiting its…
US: Wall St opens lower as Powell-led momentum cools
Wall Street’s main indexes opened lower on Monday (Aug 25), retreating from the previous session’s gains when fed chair Jerome Powell hinted that an interest-rate cut could be on…
Marco Polo Marine subsidiary PKR Offshore aims for Taiwan listing in 2026
The move will fund PKR Offshore’s fleet expansion to serve offshore wind energy markets Marine logistics provider Marco Polo Marine’s (MPM) indirect subsidiary, PKR Offshore (PKRO), is…
Thomson Medical announces 10.5 ha Johor Bay development
Healthcare provider Thomson Medical Group on Monday (Aug 25) announced a Johor Bay “mega project” in Malaysia, with a projected gross development value (GDV) of more than RM18 billion…
Fashion models reckon with AI models and digital clones after controversial ad appears in Vogue
Fashion model Hannah James faced a dilemma as she weighed whether to digitally clone herself. On one hand, the 25-year-old worries digital replicas of models could render her job obsolete.…
Iron ore hits over one-week high as Rio Tinto suspends work at Guinea mine
Iron ore futures touched a one-week high on Monday (Aug 25) as Rio Tinto suspended activity at its Simandou project in Guinea following an incident, raising fears of a potential delay in…
Asia’s US$306 billion of global bond sales are about to go higher
More Asian borrowers are considering bond offerings, extending a stretch of sales that has already jumped to the most since 2021 at US$306 billion-equivalent across US dollars and euros…
Indonesia scraps coal pricing rules after pushback from buyers
Indonesia scrapped rules forcing miners to sell coal and minerals at government-determined levels after buyers pushed back against a system introduced earlier this year. Miners…
Singtel’s Optus appoints non-executive director John Arthur as new chair
Singtel’s Australian subsidiary Optus has appointed John Arthur, a non-executive director, as its new board chairman with effect from Monday (Aug 25). Arthur replaces outgoing chairman…
Barclays, BNP pivot to September Fed rate cut on Powell’s labour warning
Barclays and BNP Paribas expect the US Federal Reserve to make a 25-basis-point interest rate cut in September, according to notes dated on Friday (Aug 22), citing chair Jerome…
Oil prices climb after Ukraine attacks hit Russian energy sites
[BEIJING/SINGAPORE] Oil prices edged higher on Monday (Aug 25) after Ukraine stepped up attacks on Russia, fanning concerns Russian oil supply could be disrupted, while expectations of a…
Sora expected to remain low, but analysts say further decline limited
Analysts expect there is a limit to the decline in Singapore’s benchmark interest rates ahead, especially as Sing dollar rates are currently already at a historically wide discount from US…