SingPost to divest 14 HDB units for S$55.5 million
The postal service provider says the properties are ‘non-core’ to its principal business Singapore Post (SingPost) on Tuesday (Nov 11) announced that it will divest 14 HDB units across the…
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Fashion
China’s central bank to maintain accommodative policy as challenges persist
It will keep liquidity ample, keep prices reasonable, and lower the costs of banks’ liability and social financing China’s central bank said on Tuesday (Nov 11) that it would maintain an…
Stoneweg Europe Stapled Trust divests Slovakia portfolio for 70 million euros
This comes as it focuses on Western European markets with ‘deeper liquidity and stronger tenant demand’ Stoneweg Europe Stapled Trust (Sert) has divested its entire Slovakia investment in…
Toyota's buyout of group firm faces new obstacle after Elliott takes stake
Elliott said the proposed deal undervalued the company, lacked transparency and fell short of proper governance practices Toyota Motor’s planned buyout of group firm Toyota Industries is…
Buyer of Shell’s refinery has set aside US$2 billion for Singapore investments; more deals on the way
Aster is betting on ‘strategic resilience’ as it invests through the oil and gas down cycle Energy and chemicals player Aster has set aside US$2 billion in investments for the Singapore…
Outlook for UOB lags DBS, OCBC amid spotlight on asset quality in Q3
Analysts remain positive on DBS and OCBC given resilient results supported by strong non-interest income Market outlook for UOB has turned cautious compared with DBS and OCBC, amid greater…
DBS CEO Tan Su Shan sees tech-led growth in China despite property slowdown
China’s push into deep technology and artificial intelligence is creating pockets of growth despite an uneven recovery in its property sector and subdued consumer sentiment, DBS Group…
UK unemployment at its highest since pandemic as jobs market cools
The jobless rate climbed to 5 per cent in the three months through September, up from 4.8 per cent the month before UK unemployment rose more than expected, further evidence of a cooling…
Burger King to enter China joint venture, plans to double stores
The new joint venture, Burger King China, will receive US$350 million in investment CPE US fast-food chain Burger King will rapidly expand its China operations in coming years, its parent…
Banks and landlords are pounding on the door. Can mm2 Asia survive the siege?
It has been a difficult year for the group, whose Cathay Cineplexes unit is already in voluntary liquidation Mired in debt and facing insolvency, mm2 Asia is experiencing its annus…
Ringgit at 13-month peak: Can Malaysia's currency keep rising?
Unit fuelled by strong investment inflows into Malaysia and encouraging follow-through on fiscal policies The Malaysian ringgit is on a roll this year. It has gained about 7 per cent…
Honda’s bigger threat comes from China's EV makers, not tariffs or chips
Honda’s downgrade to its full-year profit outlook underscores the immediate pressure from US tariffs and global chip shortages – but the deeper, longer-term challenge lies in intensifying…
South-east Asia’s digital economy revenue set to hit US$100 billion in 2025: e-Conomy report
The region’s gross merchandise value is also expected to grow to US$305 billion this year The digital economies of South-east Asia are projected to hit a revenue of US$100 billion in 2025,…
Garuda’s fleet growth at risk as Danantara trims funding
Indonesia’s sovereign wealth fund Danantara is reducing its financial support for flag carrier Garuda Indonesia, putting in doubt the distressed airline’s ability to refresh its fleet.…
Thailand’s central bank chief breaks tradition with a simple ‘hello’
“JUST popping in to say hello.” Late one Tuesday night, Bank of Thailand Governor Vitai Ratanakorn surprised more than a hundred journalists in the bank’s media group chat with a direct…
Private funding in South-east Asia’s digital economy lags global level: report
Private funding for South-east Asia’s digital economy grew 15 per cent from a year earlier to US$7.7 billion in the 12 months to June 2025, lagging the global growth rate of 25 per cent…
Asia: Stocks rise as record US shutdown nears end
MOST Asian markets rose for the second day in a row on Tuesday as US lawmakers edged towards ending a record government shutdown. The prospect of an end to the Washington standoff, which…
Yoma Strategic’s H1 net loss narrows to US$8.7 million
Yoma Strategic on Tuesday (Nov 11) posted net loss for the first half year ended September of US$8.7 million, which narrowed from US$10.5 million in the same period the prior year. This…
CSE Global issues 63 million warrants to Amazon unit, tied to US$1.5 billion spending target
Mainboard-listed systems integrator CSE Global has entered into an agreement to issue 62,968,580 new warrants to a wholly owned subsidiary of Amazon. The warrants will be issued to Amazon…
Visa, Mastercard to cut fees, let retailers reject certain cards
VISA and Mastercard reached a deal with retailers to reduce some of their fees and give merchants more leeway to reject customers who use certain credit cards, including the premium ones…
Cyberattack leaves Asahi struggling as rival brewers gain ground
AS JAPAN gears up for its busiest beer-drinking season, the country’s largest brewer is struggling to stay on tap - with its systems still crippled more than a month after a cyberattack…
Trump threatens air traffic controllers over shutdown absences
US PRSIDENT Donald Trump threatened on Monday to dock pay of air traffic controllers he accused of shirking their “patriotic” duty, while their union decried being used as “political…
Grindr chairman steps down amid his bid to take the company private
The West Hollywood-based queer dating app Grindr could soon go private after the chair of the board submitted a buyout bid and stepped down from his position. James Lu, who served on…
US: Wall Street advances on hopes of government reopening
WALL Street’s main indexes opened higher on Monday (Nov 10), with risk sentiment aided by signs of progress in Washington to end a record US government shutdown that has stalled economic…