Trump brothers-backed Aureus to merge with drone maker Powerus
March 9 : Aureus Greenway Holdings, a golf club company backed by the sons of U.S. President Donald Trump, said it will merge with Powerus in a deal designed to take the drone technology company public.The transaction is the latest in Eric and Donald Trump Jr.'s growing investments in the drone ...
‘Very grim’: Singapore, regional petrochem sector could see more force majeure notices; EDB in contact with players
Sharanya Pillai - Government agencies are working to support companies amid the ‘evolving situation’
Mainland investors buy a record HK$37.2 billion in Hong Kong stocks via trading link
The unprecedented purchases are a reminder of the rapid shifts in mood among investors
ABB teams up with Nvidia to improve factory robot training
ZURICH, March 9 : ABB's robotics business has partnered with Nvidia to narrow the gap between how industrial robots perform in virtual simulations and how they behave on factory floors, the companies said on Monday.Swiss-based ABB will use Nvidia's Omniverse libraries of simulated data to ...
Sunway Healthcare sets final price for $722 million IPO, Malaysia's largest in nine years
March 9 : Malaysia's Sunway Healthcare on Monday set its final offering price at 1.45 ringgit per share, in line with its earlier prospectus, aiming to raise 2.86 billion ringgit ($722.22 million) in what could be the country's largest listing in nearly a decade.The initial public offering ...
Great Eastern names OCBC director Andrew Khoo as chairman-designate
Therese Soh - He assumes the chairmanship on Apr 15, succeeding incumbent chair Soon Tit Koon
From Shell to Singapore Airlines: the potential winners and losers as volatile oil prices hover under US$100
Deon Loke - Transport companies’ profit margins take a hit while developed and emerging markets in Asia-Pacific face spillovers
From Shell to Singapore Airlines: the potential winners and losers as oil tops US$100
Deon Loke - Transport companies’ profit margins take a hit while developed and emerging markets in Asia-Pacific face spillovers
Malaysia unveils five-year plan to grow capital market
It will focus on raising listed companies’ long-term valuations and performances, says Securities Commission chair
Singapore blue-chips tank following sharp spike in oil prices; STI down 1.9%
Tay Peck Gek - The only counter on the benchmark index that advances is Wilmar International, which rises 1.1% to S$3.53
Russia-backed hackers breach Signal, WhatsApp accounts of officials, journalists, Netherlands warns
AMSTERDAM, March 9 : Russian-backed hackers have launched a global cyber campaign to gain access to Signal and WhatsApp accounts used by officials, military personnel and journalists, two intelligence agencies in the Netherlands warned on Monday.Users are persuaded in chats initiated by the hackers ...
Airline shares battered, airfares surge as Iran war pushes oil above $100
HONG KONG/FRANKFURT, March 9 : Airline stocks were hammered on Monday, while airfares soared as the U.S.-Israeli war with Iran sent oil prices surging, sparking fears of a deep travel slump and the potential for the widespread grounding of planes.Oil prices jumped 15 per cent to above $105 a barrel, ...
Airline shares battered, airfares surge as Iran war intensifies
HONG KONG/FRANKFURT, March 9 : Airline stocks were hammered on Monday, while airfares soared as the U.S.-Israeli war with Iran sent oil prices surging, sparking fears of a deep travel slump and the potential for the widespread grounding of planes.Oil prices were trading more than 15 per cent higher ...
New chairman at Great Eastern Holdings
The Edge Singapore - Great Eastern Holdings has appointed Andrew Khoo as its new chairman, replacing Soon Tit Koon. The changeover will take place on April 15, the day after the company holds its next AGM. Khoo, who spent 22 years with the Monetary Authority of Singapore, joined GEH's board last September. Since Ma ...
Middle East conflict could spur palm oil demand from biodiesel sector
MUMBAI/KUALA LUMPUR, March 9 : Rising crude oil prices and higher freight rates driven by the Middle East conflict could boost demand for palm oil from the biodiesel sector and for food use, as Asian buyers seek prompt shipments, industry officials told Reuters.Indonesia and Malaysia's output r ...
GIC-backed Greenko Energies weighs US$1 billion India IPO: sources
The company has held preliminary discussions with bankers for a potential share sale as soon as this year
Taiwan February exports miss expectations; caution on US trade policy
South-east Asia faces sweltering heat as war limits energy supply
A prolonged disruption will threaten the fossil-fuel-reliant region’s power generation into April and May
China’s biggest eye hospital chain Aier plans Hong Kong listing: sources
Aier trades in Shenzhen and has a market capitalisation of about 96 billion yuan
Indonesia may revive B50 biodiesel mix plan as oil prices soar
JAKARTA, March 9 : Indonesia may revive a plan to launch a mandatory B50 grade of palm oil-based biodiesel in the middle of this year because of surging crude oil prices due to the conflict in the Middle East, deputy energy minister Yuliot Tanjung said.No decision has been made yet by Indonesia, the ...
Nvidia-backed Nscale valued at $14.6 billion in fresh funding round
March 9 : Nvidia-backed artificial intelligence group Nscale was valued at $14.6 billion after raising $2 billion in its latest funding round, the British company said on Monday. The Series C funding round was led by Norway's Aker and 8090 Industries, and included Nvidia, Citadel, Dell, Jane St ...
Nvidia-backed UK AI firm Nscale raises $2 billion in funding round
BENGALURU, March 9 : Nvidia-backed British artificial intelligence group Nscale has raised $2 billion at a valuation of $14.6 billion, the company said on Monday.
Singapore police arrest Capital Asia Investments directors, seize over S$160 million in assets
Shikhar Gupta - MAS says Singapore fund manager is being investigated for suspected money laundering
Tesla billionaire buys more Nvidia to ‘calm the nervous market’
Nvidia has fallen about 5% this year through Friday’s close
Nasdaq-listed biotech company Cytek boosts Singapore facility with US$3 million investment
Jermaine Fok - The firm aims to use the site to spearhead growth in Asia-Pacific
Iran conflict forces central banks into sharp policy rethink
IMF urges policymakers to ‘think of the unthinkable’
Singapore firms in Middle East say staff safe, operations largely unaffected by war
Companies are maintaining regular contact with employees on the ground and have restricted business travel to and from the region.
Analysis:Activist threat pushes Japanese companies to unwind cross-shareholdings
TOKYO, March 9 : Pressure from activists, or the fear of being targeted by them, is pushing Japanese companies to accelerate governance reforms by unwinding the cross-shareholdings that have underpinned relationships for decades.Major firms including Toyota Motor and Nintendo have moved to unwind cr ...
Iran conflict forces Asian central banks into sharp policy rethink
TOKYO, March 9 : The escalating crisis in the Middle East has dramatically changed the outlook for Asian central banks, with the huge supply shock posing a difficult trade-off between underpinning growth and countering inflation.For emerging Asian central banks, cutting interest rates has become a r ...
mm2 Asia proposes share placement, rights issue with private equity fund
Therese Soh - The proposed transactions are part of company’s overall restructuring, as it aims to strengthen its capital base and improve its working capital...
Look upstream to SIA Engineering, China Aviation Oil as war breaks out: OCBC
Jovi Ho - Ongoing disruptions in the Middle East airspace, which is causing significant flight delays and cancellations, as well as a surge in airfares, may weigh on tourist arrivals in Singapore, says OCBC Group Research analyst Ada Lim. This comes on top of an 8.1% y-o-y drop in visitors to 1.5 million in J ...
Cafe chain and grocer The Providore shuts all 6 outlets in Singapore
Paige Lim - Based on an industry report, the brand was sold to new owners Vino Vibe and SingFire Capital in April 2025
Cafe chain The Providore abruptly shuts all 6 outlets in Singapore
Paige Lim - Staff were reportedly informed of the closure only on the same day
Global bond sell-off deepens as oil jump stokes stagflation fear
Chinese government bonds declined as well, with 30-year bond futures posting their biggest drop of the year
