Sim Leisure’s Sim Choo Kheng on breaking Western myths and building Asia’s next attractions giant
The Edge Singapore - For decades, the global attractions industry has been primarily viewed from a Western perspective, with movie-based theme parks dominating the market, their global influence strengthened by Hollywood’s cultural dominance. However, Sim Choo Kheng, founder and chairman of the listed Sim Leisure Grou ...
Minimum fare for Grab drivers to rise by S$0.50 to S$5.80 from Nov 24
Deon Loke - It follows Grab’s recognition of the NTUC-affiliated National Taxi Association to represent taxi drivers on its platform
Investment firm Asia White Knight acquires F&B group Creative Eateries, sets 5-year revenue target of S$100 million
Paige Lim - Under new management, Creative Eateries will embark on a three-phase growth strategy to optimise its operations, revamp its loyalty programme and develop...
Hyundai pledges record US$85.8b investment in South Korea
Hyundai called it “the company’s largest-ever domestic investment commitment”
DBS said to still be in pursuit of Alliance Bank stake: TEM
Adeline Paul Raj - Singapore’s biggest lender DBS Group Holdings is not giving up its pursuit of a stake in Alliance Bank Malaysia, sources say. It is now pursuing the matter through government-to-government talks, according to one of the sources. “There are some very high-level discussions [going on]. It has beco ...
Analysts see Food Empire’s shares going past $3 after record 9MFY2025 revenue; CGS lifts TP to $3.18
Felicia Tan - Analysts believe Food Empire’s shares could go past $3 after the company’s revenue for the 9MFY2025 reached a new high. For the nine months ended Sept 30, total revenue surged by 23.9% y-o-y to US$426.7 million ($555.0 million), as 3QFY2025 revenue grew by 28.3% y-o-y to US$152.6 million. The hi ...
L'Oréal buys second Chinese skincare stake as C-Beauty brands snare market share
The move highlights how central China is to the company’s global strategy
UBS and Ant International partner on blockchain-based real-time crossborder payments settlement and liquidity management
The Edge Singapore - UBS has entered a strategic partnership with Ant International, to explore innovations in blockchain-based tokenised deposits to support Ant International’s global payments settlement and liquidity management. Under the MoU, Ant International will leverage UBS Digital Cash, a blockchain-based paym ...
Hong Leong Finance opens new Punggol branch with dedicated SME Centre
Sudeshna Dhar - The outlet also contains new privacy-enhanced teller booths, replacing traditional counters
Maybank trims target price for Sanli Environmental following 1HFY2026 results
Teo Zheng Long - Jarick Seet of Maybank Securities has maintained his “buy” call on water and waste project developer Sanli Environmental (Sanli) following its latest 1HFY2026 results. However, as the company’s revenue of $72.1 million and core PATMI of $2.1 million was slightly under his estimates, Seet, in h ...
Nomura said to probe if profits inflated at India bond desk
Demand has surged as insurance companies have ramped up purchases
Tokyo Gas sells US gas unit to Grayrock Energy for $255 million
TOKYO :Tokyo Gas, Japan's largest city gas supplier, said on Monday it sold its U.S.-based subsidiary, TVL LLC, involved in gas development and production to Grayrock Energy for $255 million.The unit, operating in Louisiana's Haynesville and Cotton Valley formations, was sold as part of To ...
Japan's MS&AD Insurance to buy 18% of Barings for$1.44 billion
TOKYO :Japan's MS&AD Insurance said on Monday that it will acquire an 18 per cent stake in U.S. asset manager Barings for $1.44 billion from parent company MassMutual.As part of the strategic partnership, MS&AD will send a member from its leadership team to Barings’ board. The transac ...
Chandra Asri gets US$750 million from KKR to buy ExxonMobil’s Singapore petrol stations
The Indonesian conglomerate says that it plans to retain the Esso branding
October surge could push developers’ new home sales for 2025 to four-year peak
Chong Xin Wei - Last month’s 2,424 units sold are up about 9 times on-month and 224% on-year
Developers rack up 2,424 units sold for October in highest monthly sales for 2025
Chong Xin Wei - This is up 850% month on month and 224% year on year, driven by major new launches
Thailand's economy expected to grow above 2% this year, finance minister says
BANGKOK :Thailand's economy is expected to grow over 2 per cent this year, Finance Minister Ekniti Nitithanprapas said on Monday. Fourth quarter growth should exceed 0.6 per cent annually, he said.
Samsung hikes memory chip prices by up to 60% as shortage worsens: sources
The chip crunch has been so severe that it has spurred panic buying by some customers, according to industry executives and analysts
Samsung hikes memory chip prices by up to 60 per cent as shortage worsens: sources
[SEOUL/SINGAPORE] Samsung Electronics this month raised prices of certain memory chips, now in short supply due to the global race to build...
Indonesia plans to impose tax on gold exports in 2026, official says
(Corrects the phrase 'gold ore' to 'gold dore' in paragraph 3, and adds definition of the term)JAKARTA :Indonesia is finalising a plan to charge an export tax of between 7.5 per cent and 15 per cent on shipments of gold products, which will be implemented sometime next year, a se ...
First Resources shares rise 8.8% on Q3 profit surge
Shikhar Gupta - The palm oil producer has posted a 43.5% increase in net profit for the third quarter
Geely profit climbs despite competition, regulatory scrutiny
While momentum at home is strong, the company’s exports are under pressure from plummeting sales in Russia
Nomura probes its India fixed-income business, Bloomberg News reports
Japanese investment bank Nomura Holdings is investigating its India fixed-income business to determine whether profits were inflated in recent years, Bloomberg News reported on Monday, citing people familiar with the matter.The investigation is focused on how the company valued trades in STRIPS, the ...
MAS imposes S$137,000 penalty on Alpha Energy’s ex-managing director for insider trading
Chloe Lim - He has also given a voluntary undertaking not to be a director or be involved in the management of a company for...
Lee Hsien Yang objects to govt’s plan to gazette 38 Oxley Road as a national monument
Nov 17 is the deadline for objections to be made
ERP rates to go up by S$1 at 4 locations from Jan 2; rates to be cut in 6 locations from Nov 24-Dec 31
The rates will return to their current ERP rates from Jan 2
MAS imposes civil penalty on Alpha Energy Holdings’ former non-executive director for insider trading
Felicia Tan - The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $137,000 on Ang Yew Jin Eugene for insider trading of Alpha Energy Holdings’ shares. Alpha Energy is now known as Alpha DX. Ang, a former non-executive director of Alpha Energy, sold 2.4 million shares in the company on Nov 1 ...
EQT billionaire takes on Wall Street titans with big Asia push
The firm may not be a household name but it’s grown to become the largest non-US private equity firm in the world,...
Asia: Markets struggle as fears build over tech rally, US rates
ASIAN markets struggled on Monday on simmering concerns that the Federal Reserve will not cut interest rates as hoped next month, while...
Expand HDB choices for seniors: Offer new dual-key homes and short-lease 3-room flats
Leslie Yee - Let seniors who own a private home buy an HDB resale flat without selling the private unit
Bank of Singapore appoints former UBS co-head of UHNW Solutions Group as head of investment advisory
Felicia Tan - The Bank of Singapore (BoS) has appointed Claude Andre Harbonn as its head of investment advisory. Harbonn will step into the newly-created role on Jan 5, 2026. Harbonn, who is based in Singapore, will lead the bank’s global investment advisory teams and establish the strategic direction of BoS’ ...
Indonesia plans 25% free-float level to deepen market, OJK says
The current free-float minimum ranges from 7.5% to 10%
Indonesia’s instant noodle players take off as global markets expand with rise of ‘super-premium’ packs: report
Chloe Lim - Analysts are cautious on other Asian brands Nissin Foods and Uni-President China, however
Japan considers new cyptocurrency rules, Asahi newspaper reports
TOKYO :Japan's Financial Services Agency (FSA) is considering regulations that would define cryptocurrency as financial products subject to insider trading rules and reduce the tax rate on profits, the Asahi newspaper reported on Sunday.The regulations will apply to 105 types of cryptocurrencie ...
