Bain is said to draw Chinese bidders for US$4 bil data centres
Dong Cao and Manuel Baigorri / Bloomberg - The China data centre business owned by Bain Capital’s Chindata Group Holdings Ltd. has drawn interest from local bidders seeking to expand in the sector to tap a boom in artificial intelligence, according to people familiar with the matter. Range Intelligent Computing Technology Group Co., a Chin ...
Australian shares post best August in 16 years as earnings season ends
[SYDNEY] The Australian benchmark notched its best August performance in sixteen years on Friday (Aug 29) as the corporate earnings season wrapped...
Singapore names five new Iras board members; four are re-appointed
Shikhar Gupta - Their new terms start on Sep 1
Indonesia's trade surplus seen at $3.2 billion in July as imports decline: Reuters poll
JAKARTA :Indonesia's trade balance is likely to post a $3.2 billion surplus in July, supported by a decline in imports that could help offset slowing exports, a Reuters poll showed on Friday.However, the expected July surplus is narrower than June's $4.11 billion, which had been boosted by ...
Indonesia's trade surplus seen at US$3.2 billion in July as imports decline: Reuters poll
JAKARTA: Indonesia's trade balance is likely to post a US$3.2 billion surplus in July, supported by a decline in imports that could help offset slowing exports, a Reuters poll showed on Friday (Aug 29). However, the expected July surplus is narrower than June's US$4.11 billion, which had b ...
Binance resumes futures trading after brief pause
Crypto exchange Binance said on Friday that it resumed all futures trading on the platform after an issue prompted a brief suspension of the service earlier."The issue affecting Futures UM trading on Binance has been resolved," Binance said, referring to the service that allows users to se ...
Binance says all futures trading is temporarily unavailable
Crypto exchange Binance said on Friday that it resumed all futures trading on the platform after an issue prompted a brief suspension of the service earlier."The issue affecting Futures UM trading on Binance has been resolved," Binance said, referring to the service that allows users to se ...
APAC ‘world’s largest’ credit market with ‘tremendous growth potential’ for private credit: CLI
Douglas Toh - Borrowers are turning to private credit for faster execution and more tailored solutions amid tighter financial conditions and regulatory constraints, finds a report by CapitaLand Investment (CLI). The team at CLI consisting of Tran Hanh Lin, Wayne Teo, Joshua Pua, Arjun Pandit, Rohan Ghosh and Abby ...
China's factory activity seen shrinking again on soft demand, job woes: Reuters poll
BEIJING: China's factory activity likely contracted for a fifth straight month in August, with manufacturers awaiting more clarity on a trade deal with the US while a wobbly job market and a property crisis curb domestic demand, a Reuters poll showed. The survey of 21 economists forecast the of ...
Asean Power Grid: Can South-east Asia finally plug into a shared power future?
Sharanya Pillai - Cross-border clean energy projects are gaining momentum, with 2025 shaping up as a breakthrough year – if politics and money align
Why end of de minimis tariff exemption risks higher prices, shipping delays
A LATIN term that used to be little-known outside the world of customs brokers has become the stuff of headlines this year....
Cathay Cineplexes operator mm2 Asia reports group net loss of S$122.4 million on second half woes
The loss comes despite an increase in the company's revenue in the second half of the 2025 financial year.
RHB expects S-Reit demand to rise, Singapore Government Securities yield to moderate further
Shikhar Gupta - Demand for sustainable high-dividend equities is also expected to increase, analyst adds
Maybank’s Seet expects ISOTeam’s 1HFY2026 to ‘improve significantly’, but lowers target price to 10 cents
Felicia Tan - Maybank Securities analyst Jarick Seet is expecting ISOTeam’s 1HFY2026 ending Dec 31, 2026, performance to “improve significantly” y-o-y as recognition of some projects come in. This comes as ISOTeam’s FY2025 results fell short of Seet’s and the consensus’ expectations due to delays in p ...
Indonesia to remain active in FX market after rupiah slide, central bank says
JAKARTA :Indonesia's central bank will remain active in the foreign exchange market to stabilise the rupiah, it said on Friday, while the stock exchange regulator said market fundamentals remained strong despite a sudden fall in prices. The rupiah dropped nearly 1 per cent on Friday to its weak ...
Indonesia central bank says it will remain active in FX market after rupiah dips 1%
JAKARTA :Indonesia's central bank will remain active in the foreign exchange market to ensure the rupiah aligns with fundamentals, an official said after the currency dropped 1 per cent against the dollar on Friday.Bank Indonesia (BI) will continue to take action to stabilise the rupiah by inte ...
Former Indian central bank governor Urjit Patel appointed IMF executive director
Former Reserve Bank of India Governor Urjit Patel has been appointed as executive director at the International Monetary Fund, a government statement showed on Friday. Patel has been appointed for a period of three years. He took over as the RBI governor from Raghuram Rajan in September 2016 and res ...
Singapore’s Gen Z wants financial independence, but lacks confidence in managing finances: Visa study
Shikhar Gupta - About 68% say they are most familiar with saving money
Musk seeks dismissal of SEC's lawsuit regarding his 2022 Twitter stake
Billionaire Elon Musk on Thursday filed a motion to dismiss the U.S. Securities and Exchange Commission's civil lawsuit that accused him of waiting too long in 2022 to reveal his large stake in Twitter.Musk later renamed the social media company X after buying it.
Musk seeks dismissal of SEC lawsuit on his 2022 Twitter stake
Billionaire Elon Musk filed a motion on Thursday to dismiss the U.S. Securities and Exchange Commission's (SEC) civil lawsuit that accused him of waiting too long in 2022 to reveal his large stake in social media platform Twitter, later renamed as X.In a complaint filed in Washington, D.C. fede ...
SP Group acquires Siemens’ 49% stake in Power Automation to become sole owner
Shikhar Gupta - The joint venture between SP Group and Siemens was set up in 1996
Gold poised for monthly gain on soft dollar, US rate-cut hopes
GOLD prices were on track for a monthly rise on Friday after striking a more than one-month peak in the previous session,...
Thailand’s US$45 bil fund sees gold, equities boosting returns
Anuchit Nguyen / Bloomberg - Thailand’s Government Pension Fund expects gold, commodities and a rally in global equities to drive a recovery in its returns after a dismal performance in the first half of the year. The portfolio is aiming for an annual return of more than 3% in 2025 even after earning 1.19% in the January-June ...
Virgin Australia CEO sees no retreat from post-pandemic travel boom
Angus Whitley / Bloomberg - Virgin Australia Holdings CEO Dave Emerson said the soaring air-travel demand that followed the pandemic is here to stay, as the carrier unveiled plans to add flights across its domestic network. “We are at a new baseline,” Emerson said in an interview Friday. “We expect steady growth from thi ...
Aletheia Capital starts Info-Tech at ‘buy’, expecting $18 million ebitda in FY2025
Jovi Ho - Nirgunan Tiruchelvam of Aletheia Capital has initiated coverage on newly listed payroll software software provider Info-Tech Systems, praising its “resilient” software-as-a-service (SaaS) framework targeted at small- and medium-sized enterprises (SMEs). “It supports high client retention and s ...
Aletheia Capital starts Info-Tech at ‘buy’, expecting $18 mil ebitda in FY2025
Jovi Ho - Nirgunan Tiruchelvam of Aletheia Capital has initiated coverage on newly listed payroll software software provider Info-Tech Systems, praising its “resilient” software-as-a-service (SaaS) framework targeted at small- and medium-sized enterprises (SMEs). “It supports high client retention and s ...
US economy expands at revised 3.3% rate on stronger investment
Mark Niquette / Bloomberg - The US economy expanded in the second quarter at a slightly faster pace than initially estimated on a pickup in business investment and an outsize boost from trade. Inflation-adjusted gross domestic product, which measures the value of goods and services produced in the US, increased at a 3.3% annua ...
Oil prices fall on demand concerns but head for weekly gain
Oil prices fell on Friday but are set for a weekly gain, caught between expectations of lower demand as the end of summer nears in the United States, the world's biggest consumer, and uncertainty about the availability of Russian supply. Brent crude futures for October delivery, which will expi ...
Oil prices fall on demand concerns, but headed for weekly gain
TOKYO :Oil prices fell on Friday but are set for a weekly gain, caught between expectations of lower demand in the U.S., the world's biggest oil user, as the summer demand period is ending and uncertainty around the availability of Russian supply. Brent crude futures for October delivery, which ...
Oil prices fall on expected demand drop, but set for weekly gain
Oil prices fell on Friday, but were set for a weekly gain, tugged between uncertainty about Russian supply and expectations of lower demand as the summer driving season in the United States, the world's biggest fuel consumer, nears its close. Brent crude futures for October delivery, which wil ...
Oil prices fall on expected weaker demand, but set for weekly gain
Oil prices fell on Friday, but were set for a weekly gain, tugged between uncertainty about Russian supply and expectations of lower demand as the summer driving season in the United States, the world's biggest fuel consumer, nears its close. Brent crude futures for October delivery, which wil ...
GuocoLand falls by nearly 3% after reporting slump in H2 net profit to S$32.4 million
Chloe Lim - The property developer’s earnings fall 48% on the year
‘Like losing a job’: S’pore small business owners hit by axed US tariff exemption on low-value goods
[SINGAPORE] Handmade glass jewellery maker Lee Chu Ling reckons the removal of tariff exemptions on low-value shipments to the US is like a...
Aims Apac Reit to acquire two industrial buildings in Aljunied for S$56.7 million
Therese Soh - The move will increase the Reit’s industrial exposure to 22.7% from 20.6%
