Temu-owner PDD Holdings appoints co-CEO Zhao as co-chairman of board
Dec 19 : PDD Holdings on Friday appointed co-chief executive officer Jiazhen Zhao as co-chairman of the Temu owner's board, joining the company's other chief executive Lei Chen. U.S.-listed shares of the Chinese e-commerce company were up over 6 per cent in premarket trading. A fo ...
Google Cloud lands deal with Palo Alto Networks 'approaching $10 billion,' per source
SAN FRANCISCO, Dec 19 : Alphabet's cloud computing unit and cybersecurity company Palo Alto Networks on Friday announced an expanded partnership that one source told Reuters was by far Google Cloud's largest security services deal.The contract comprises a commitment by Palo Alto to pay ...
Maersk completes first Red Sea voyage in nearly two years
The shipping company says it has no plans to fully reopen the route but may gradually resume sailing via Suez and the...
Grab to acquire Chinese firm Infermove to expand in AI robotics
[SINGAPORE] Grab Holdings has acquired Chinese tech company Infermove to expand in artificial intelligence-enabled robotics for food delivery.
CNMC plans to appeal against additional tax assessment of RM29.6 million imposed on Malaysian unit
Sharon See - The notices were raised in relation to the disallowance of management fee expenses paid by subsidiary to gold-mining company
China, US seek Thailand-Cambodia ceasefire ahead of Asean meeting
Bangkok insists that any end to the current fighting must start with a cessation of hostilities by the other side
Sias calls on Singapore Paincare to clarify actions after failed privatisation bid
Shikhar Gupta - Move is in light of the impact the collapsed deal has on minority shareholders
NTUC to help members in enforcing judgments and orders with expanded legal panel
Shikhar Gupta - It is widening its Legal Assistance Panel to also support members in filing a magistrate’s complaint, among others
Goldman, JPMorgan see India’s record IPO boom extending to 2026
Fundraising is expected to hit US$25 billion in 2026, and for the next few years to reach above US$20 billion
China A500 ETFs inflows surge to record high towards year-end
Investors buy 8.7 billion yuan worth of shares in seven of the largest basket funds
SMRT announces senior management changes as deputy group CEO steps down
Shikhar Gupta - Its group chief communications officer will also relinquish the role to focus on the company’s ESG and CSR agenda
Japan's JERA secures government subsidy for US ammonia imports
TOKYO, Dec 19 : Japan's biggest power generator JERA has secured a government subsidy for 15 years to cover the difference between ammonia and coal prices, as it aims to start importing ammonia from its planned U.S. plant in 2029.In April, JERA formed a joint venture with CF Industries and t ...
Foxtron to acquire Yulon Motor’s Luxgen for $25 million
TAIPEI, Dec 19 : Foxtron Vehicle Technologies, a joint venture between Taiwan’s Foxconn and Yulon Motor, said on Friday it would acquire Yulon Motor’s Luxgen passenger-car brand for T$787.6 million ($24.95 million).The deal, which has been approved by the boards of both companies, will see Foxt ...
Nidec founder and chairman Nagamori quits board after spate of accounting issues
The 81-year-old has voluntarily resigned his post, the world’s largest maker of mini-motors says
Japan to import Spanish pork processed before swine fever outbreak
MADRID, Dec 19 : Japan has accepted importing pork from within the containment zone near Spain's Barcelona that has been processed and refrigerated before the outbreak of African swine fever in the area, the head of Catalonia's regional agriculture department ...
Singapore stocks close flat as regional bourses end higher; STI inches down 0.02%
Navene Elangovan - CDL is the top blue-chip gainer on the STI, while Yangzijiang Shipbuilding is the biggest decliner
Singapore stocks close flat as regional bourses end higher; STI down 0.02%
Navene Elangovan - CDL is the top blue-chip gainer on the STI, while Yangzijiang Shipbuilding is the biggest decliner
Centurion Corp’s David Loh acquires 200,000 ordinary shares in company for $1.28955 apiece
Nicole Lim - Centurion Corporation’s executive director and joint chairman David Loh has acquired 200,000 ordinary shares in the company via market transaction for $1.28955 a piece on Dec 18. The shares were purchased for a total price of $257,910, bringing the director’s total interest in the company to 59. ...
uSMART initiates ‘buy’ on Jumbo Group with target price of 34 cents
Nicole Lim - uSMART has initiated a “buy” on Jumbo Group with a target price of 34 cents. Analyst Ng Xin Yang says that Jumbo presents a compelling quality-value opportunity, currently trading at a valuation discount relative to regional F&B peers. The group is one of Singapore’s most recognisable F&am ...
Property is Yoma Strategic’s ‘core earnings and cash flow generator’, says PhillipCapital
Felicia Tan - Yoma Strategic’s property arm, Yoma Land, is the group’s core earnings and cash flow generator, although finance costs are pushing the group into losses, says PhillipCapital’s Paul Chew in an unrated report dated Dec 18. Yoma, which had announced its 1HFY2026 ended Sept 30 results on Nov 11, r ...
LG Chem submits petrochem restructuring plan to government
SEOUL, Dec 19 : LG Chem submitted a plan to restructure its petrochemical business to the South Korean government, the company said on Friday.The plan is in response to the government's request for the industry to restructure, LG said, adding that it could not disclose details. DL Che ...
Macquarie upgrades Sembcorp to ‘outperform’, raises TP
Lin Daoyi - In a seemingly contrarian analysis, Macquarie Equities Research analyst Foo Zhiwei upgraded Sembcorp Industries (SCI) to ‘outperform’ from ‘neutral’ after SCI announced the acquisition of Alinta Energy. He raised the counter’s target price by 40 cents from $6.64 to $7.04 in his research no ...
GLP picks investment banks for 2026 Hong Kong IPO: sources
Deliberations are ongoing and details such as the offering size and timing have not been finalised
Nidec founder and chairman Nagamori resigns from board, company says
TOKYO, Dec 19 : Japanese electric motor maker Nidec said founder and chairman Shigenobu Nagamori has voluntarily left the board as of Friday to assume the title of chairman emeritus.CEO and President Mitsuya Kishida would succeed Nagamori, 81, as chairman of the board, it said in a statemen ...
Nidec says founder and chairman Nagamori resigns from board
TOKYO, Dec 19 : Japanese electric motor maker Nidec said founder and chairman Shigenobu Nagamori has voluntarily left the board as of Friday to assume the title of chairman emeritus.CEO and President Mitsuya Kishida would succeed Nagamori, 81, as chairman of the board, it said in a statemen ...
Will the AI bubble pop in 2026? Why South-east Asia won’t shake if it does
In South-east Asia, AI startups raised over US$2.3 billion as of June 2025
Najib Razak’s court rulings to seal ex-premier’s political fate
FORMER Malaysian Prime Minister Najib Razak heads into a pivotal week in court, with two rulings that could reopen his path back to power.
UK government was hacked in October, minister confirms
LONDON, Dec 19 : British trade minister Chris Bryant said the government had been hacked in October, partly confirming a report in the Sun newspaper, which said a Chinese group had breached systems to access foreign office data. "There certainly has been a hack," Bryant told Times ...
PhillipCapital downgrades Sats to ‘neutral’ but increases TP on removal of De Minimis exemption
Felicia Tan - PhillipCapital analyst Hashim Osman has downgraded his call on Sats to “neutral” but with a higher target price of $3.84 from $3.66. Shares in Sats have traded past Osman’s previous target price, closing at $3.75 on Dec 18. “Our higher target price reflects our expectation that the removal o ...
Sunway Healthcare gauges interest for Malaysia IPO in January: sources
The health-care arm of conglomerate Sunway Bhd plans to list in Kuala Lumpur as early as March
The Chinese-made DJI drones used by US police face a MAGA-fuelled reckoning
If DJI fails to get FCC clearance by Christmas, it could join Huawei and ZTE on the agency’s list
BOJ Governor Ueda's comments at news conference
Dec 19 : The Bank of Japan raised its interest rates on Friday to levels unseen in three decades and signalled its readiness for further hikes, taking another landmark step in ending decades of huge monetary support and near-zero borrowing costs.In a widely expected move, the BOJ raised short-ter ...
Japan's MUFG to buy 20% stake in India's Shriram Finance for $4.4 billion
MUMBAI, Dec 19 : Japan's MUFG will pick up a 20 per cent stake in Shriram Finance for $4.4 billion, the Indian non-bank lender said on Friday, marking the largest cross-border investment in the India's financial sector. The sector has struck deals worth nearly $15 billion so far t ...
OpenAI inks deals with US colleges, seizing early lead in education market
The company has sold more than 700,000 ChatGPT licences to about 35 public universities
