Tether says it will launch 'official' stablecoin in Georgia, with government support
May 25 : Tether, the world's biggest stablecoin issuer, plans to launch a crypto token representing the Georgian lari with the support of Georgia's government, the company said on Monday, in the latest sign of the country's pro-crypto approach.Tether's new token is unusual in bei ...
Tether and Georgia government to launch official stablecoin of Georgia
May 25 : Tether, the issuer of the world's largest stablecoin, said on Monday it plans to launch a stablecoin representing the Georgian Lari, with the support of the government of Georgia, making it one of the first joint efforts to place a national currency on digital asset rails. The stableco ...
UOBKH's Koh raises target price for CLAR to $3.78 following three acquisitions
The Edge Singapore - Jonathan Koh of UOB Kay Hian has maintained his "buy" call on Capitaland Ascendas REIT along with a slightly higher target price of $3.78 from $3.70 after the REIT's recent acquisition of three assets for $1.4 billion in total that will lift its DPU by 1.7% for this coming FY2027 and ...
ERP charges may resume in Orchard Road if congestion in the area worsens: LTA
[SINGAPORE] Electronic Road Pricing (ERP) operations may return to the Orchard Road area if congestion in the shopping district worsens, the Land Transport...
ECB convening bank meeting to fix flaws exposed by AI models: report
The European Central Bank (ECB) plans to press lenders to accelerate efforts to secure their IT systems after organising a meeting on...
Thailand’s trade deficit hits record US$10 billion as imports soar
Exports, meanwhile, are up 23.1%, slightly above the median forecast
Schneider Electric sees India data center business outpacing core growth on AI boom
May 25 : Schneider Electric expects its India data center business to outpace broader operations in the country over the next four to five years, driven by surging demand for AI-ready infrastructure, according to a senior executive.Data centers currently account for 15 per cent to 20 per cent of Sch ...
Should buyers get more excited over relatively ‘cheap’ freehold Newport Residences?
Leslie Yee - The project’s underperformance versus River Modern may not be justified
Japan bond yield surge deepens regional bank stock divide
Lenders with holdings vulnerable to higher yields are punished for unrealised losses
SoftBank taps retail investors with US$1.6 billion yen bond deal
The company faces massive funding needs tied to AI infrastructure spending and other investments
Australian shares notch two-week closing peak on Middle East peace hopes
[SYDNEY] Australian shares ended at a two-week high on Monday (May 25), led by commodity stocks as investors pinned hopes on a...
AI boom masks mounting risks from Middle East energy shock: MAS chief
Jean Low - The financial regulator is working with private banks to shorten the time needed to open an account
Vinhomes lets homebuyers pay with gold, tapping Vietnam’s vast private hoards
Jamille Tran - The country’s largest residential developer also offers 110% buyback options after five years
Addvalue Tech ends 20.3% higher on H2 earnings surge
Jermaine Fok - Net profit for the half-year is up 48.5% at US$2.9 million
Addvalue Tech rises 14.5% on H2 earnings surge
Therese Soh - Net profit for the half-year is up 48.5% at US$2.9 million
Singapore core inflation cools to 1.4% in April in benign surprise
Low Youjin - The headline figure holds steady at 1.8%
Singapore core inflation cools to 1.4% in April in downside surprise
Low Youjin - The headline figure holds steady at 1.8%
Singapore core inflation eases to 1.4% in April, below forecasts
Low Youjin - Headline inflation held steady at 1.8 per cent in April
Singapore’s core inflation eases to 1.4% in April after two months of increases
This was due to lower inflation in services and retail and other goods, said the Monetary Authority of Singapore and the Ministry of Trade and Industry.
China trading curbs may hit HK$250 billion of Hong Kong assets
It comes as more mainland investors chase higher returns in the US and other overseas markets
Thailand car production falls to lowest level in five years in April
BANGKOK, May 25 : Car production in Thailand dropped to its lowest level in five years in April, the Federation of Thai Industries said on Monday, due to export disruptions from the war in the Middle East and higher energy prices. • Auto production dropped 0.44 per cent in April from a year earlie ...
Vessels carrying Middle East oil, LNG exit Hormuz amid US-Iran peace talks, head for Pakistan, China
They are among a handful of supertankers exiting the Gulf in May via a transit route that Iran has ordered ships to...
Vessels carrying Middle East oil, LNG exit blockaded Hormuz, head for Pakistan, China
They are among a handful of supertankers exiting the Gulf in May via a transit route that Iran has ordered ships to...
Japan’s Nikkei jumps past 65,000 mark for first time on Iran talks optimism
The broader Topix has climbed 1.39% to 3,946.67
Why volatile markets are bringing humans back into trading
Chris Lum - For much of the past year, conversations around artificial intelligence (AI) have centred on a single question: which jobs will AI replace next? The prevailing assumption has been that no industry is immune, least of all the financial industry, where speed, data, and automation play a central role. ...
Aspial Lifestyle’s $60 mil private placement attracts institutional investors including JPMorgan and Value Partners
Teo Zheng Long - Aspial Lifestyle (SGX: 5UF ) announced that its $60 million private placement was over two times covered and saw participation from established institutional investors, with the likes of Eastspring Investments, ICH Synergrowth Fund, JP Morgan, Lion Global Investors and Value Partners. The private pl ...
China’s Huawei reveals chip design breakthrough amid US sanctions
Demand for Ascend chips has risen in the Asian nation this year
Huawei touts chipmaking breakthrough to shorten gap with TSMC
The smaller a transistor becomes, the more can be fitted on a chip, which in turn will become more powerful
Jardine Matheson acquiring I-MED Radiology Network for A$3.4 billion
Chloe Lim - [SINGAPORE] Jardine Matheson Holdings (JMH) on Monday (May 25) said that it is acquiring Australia-based diagnostic imaging and teleradiology player I-MED Radiology...
Indonesia eyes commodity export policy detail roll-out in coming weeks
Exporters will be required to report their sales to Danantara Sumberdaya from Jun 1
Indonesia eyes commodity export policy detail rollout in coming weeks
Exporters will be required to report their sales of these strategic commodities to Danantara Sumberdaya from Jun 1
Geo Energy expects ‘further clarity’ on Indonesia’s proposed plan on centralised control of commodity exports
Teo Zheng Long - Geo Energy Resources (SGX: RE4 ) announced that it has not received any official communication or directive in relation to Indonesia’s proposed plan to centralise control of commodity exports. Geo Energy Resources’ board of directors note that the proposed plan by the Indonesia’s government re ...
Mapletree Industrial Trust's proposed divestment in the US is at a premium to valuation
The Edge Singapore - Mapletree Industrial Trust has entered into a sale-and-purchase agreement with an unrelated third party to divest a data centre at 2000 Kubach Road, Philadelphia for US$14.5 million, a 4.3% premium to Mar 31 independent valuation of US$13.9 million. The net proceeds may be used to pare down debts an ...
Jardine Matheson buys Australia-based diagnostic chain at enterprise value of A$3.4 bil
The Edge Singapore - Jardine Matheson Holdings is acquiring Australia-based I-MED Radiology Network (I-MED) for an enterprise value of A$3.4 billion, marking a major move into healthcare for a conglomerate better known for its property, retail and hospitality businesses. I-MED is described as a "global leader in di ...
