Sunway bids $2.71 billion for IJM to form Malaysian building 'champion'
Jan 12 : Malaysian conglomerate Sunway launched a takeover bid for IJM Corp on Monday in an attempt to acquire the construction firm for about 11 billion ringgit ($2.71 billion).A deal would combine two sizeable Malaysian builders and property players at a time when contractors are competing for sca ...
Starlink rival Eutelsat orders 340 OneWeb satellites from Airbus
Jan 12 : Eutelsat, the satellite operator backed by the French and the British governments, has placed an order with Airbus for 340 satellites to refresh and extend its OneWeb low-Earth-orbit network, the two companies said on Monday.The additional satellites are intended to keep the service run ...
Britain's JD Sports launches AI commerce in key US market
LONDON, Jan 12 : British sportswear retailer JD Sports Fashion said on Monday customers in the United States, its largest market, will be able to use AI platforms to search for and purchase its products.In the U.S., the group trades from over 2,500 stores across the JD, DTLR, Shoe Palace and H ...
Heineken’s Van den Brink to step down as CEO
He will remain available to Heineken as an advisor for eight months
UBS rejects proposed Swiss bank rules, moots less costly alternatives
The lender warns the proposal would add huge costs and threaten the continuation of its successful business model
Dollar drops as US Justice Department subpoenas Fed's Powell
NEW YORK, Jan 12 : The dollar fell on Monday after the U.S. Department of Justice threatened to indict Federal Reserve Chair Jerome Powell over comments to Congress about a building renovation project, raising concerns about the independence of the U.S. central bank and the long-term outlook for the ...
Euro, Swiss franc rally with Fed independence back in spotlight
Jan 12 : The safe-haven Swiss franc and the euro rallied against the dollar after the Trump administration threatened Federal Reserve Chair Jerome Powell with a criminal indictment, a move that could endanger the greenback's safe-haven status.Powell said the Department of Justice had served th ...
Dollar falls sharply vs euro and Swiss franc following Powell indictment threat
Jan 12 : The dollar on Monday fell sharply against the euro and the Swiss franc while edging lower versus the Japanese yen after the Trump administration threatened Federal Reserve Chair Jerome Powell with a criminal indictment, a move that could endanger the greenback's safe-haven status. The ...
GIC’s decision to de-risk pre-emptively was a ‘matter of judgment’: Jeffrey Siow
The Senior Minister of State for Finance said that the state investor’s prudent decision at the time led to foregone returns, but it performed within expectations.
China battery shares drop on plan to cut export tax rebates
From April, discounts on 22 battery-related goods will be cut from 9% to 6%, with a complete removal planned from 2027
South Korea makes checks on increasing US dollar deposits as won falls
[SEOUL] South Korean authorities summoned seven local banks last week to question them about increasing US dollar deposits, officials and bank sources...
Indonesia plans to sell first Asian sovereign dollar bond of 2026
The sale comes as Prabowo looks to fund a Budget deficit that risks exceeding 3% of GDP in 2026
UK's IQE forecasts 2025 earnings boost from defence, AI demand
Jan 12 : Britain's IQE expects revenue and adjusted core profit for fiscal 2025 at the upper end of its forecasts, the semiconductor wafer maker said on Monday, with demand driven by the military and defence, AI, data centres, and handset sectors.The company's epiwafers, which are ...
Besi tops market view for preliminary Q4 orders, shares jump
Jan 12 : BE Semiconductor Industries (Besi), one of Europe's largest suppliers of chip assembly equipment, preliminarily reported a 43 per cent sequential rise in fourth-quarter orders on Monday, sending its shares 7 per cent higher in early trading.The Dutch company said orders should reach 25 ...
BESI reports preliminary orders worth 250 million euros for Q4
Jan 12 : BE Semiconductor Industries, one of Europe largest suppliers of chip assembly equipment, preliminarily reported a sequential rise in fourt-quarter orders on Monday.The Dutch company said orders should reach 250 million euros ($292 million) in the final quarter of 2025, up from 174. ...
Xpeng hires banks for flying car unit IPO in Hong Kong: sources
Xpeng Aeroht’s first mass-produced flying vehicle is scheduled for customer delivery in late 2026
KGI projects 76% upside for PC Partner, initiates coverage on the back of gaming and AI hardware catalysts
Lin Daoyi - On Jan 8, KGI Securities analyst Chong Ting Shuo initiated coverage on Mainboard-listed PC Partner with an “outperform” recommendation and target price of $1.73. With the counter closing at $1.02 on Jan 7, Chong projects an upside of 76% including dividends. Headquartered in Singapore since Nove ...
HSBC launches UAE asset management business to tap into wealth influx
The bank has focused its growth efforts on regions such as Asia and the Middle East
Apple leads global smartphone market with 20% share in 2025, says Counterpoint
Jan 12 : Global smartphone shipments rose 2 per cent year-on-year in 2025, lifted by stronger demand and economic (?) momentum in emerging markets, Counterpoint Research said on Monday.Apple led the market with a 20 per cent share, the largest among the top five brands, supported by solid d ...
Government took action on IP riders after spotting potential ‘serious market failure’: Ong Ye Kung
Benjamin Cher - Private hospital IP rider premiums have grown at an average of 17% annually for the past three years, double that of IP...
Disputes and insolvency lawyer Danny Ong appointed sole Senior Counsel for 2026
Tessa Oh - He is the founder and managing director of Setia Law, a boutique Singapore law firm
Demand for AI, tech experts pushes UK financial sector vacancies up 12%, recruiter says
LONDON, Jan 12 : Demand for workers in AI, regulation, data reporting and other specialist skills drove vacancies in Britain's financial sector up 12 per cent in 2025, recruiting firm Morgan McKinley said on Monday, as companies sought to keep up in a technology arms race.The year-on-y ...
Europe and China’s feud over chips is reaching a breaking point
Nexperia’s operations are set up for an era of seamless global commerce
Oil edges up as Iran supply risk counters Venezuela export resumption
Investors are also watching potential supply disruptions from Russia
Oil edge up as Iran supply risk counters Venezuela export resumption
Investors are also watching potential supply disruptions from Russia
Vietnam central bank cuts credit growth target to 15% after warnings on asset bubbles
HANOI, Jan 12 : Vietnam's central bank has cut its target for credit growth to around 15 per cent this year, it said over the weekend, after warnings of financial risks from last year's credit splurge.Last year, the country reported rapid credit growth of about 20 per cent, as authoriti ...
Returns generated by GIC, Temasek ‘reasonable and within expectations’: Jeffrey Siow
Jude Chan - He says Temasek operates mainly as a ‘bottom-up investor’, while GIC’s mandate is to preserve the international purchasing power of the assets...
TSMC Q4 profit poised to soar 27% as AI demand drives growth
TAIPEI, Jan 12 : TSMC, the world's largest manufacturer of advanced artificial intelligence chips, is expected to post a 27 per cent jump in fourth-quarter net profit to a record due to the seemingly insatiable demand for AI infrastructure.Taiwan Semiconductor Manufacturing Co, the world� ...
Thai exports seen up 2% to 4% in 2026, shippers' group says
BANGKOK, Jan 12 : Thailand's exports are expected to rise 2 per cent to 4 per cent this year, due mainly to foreign investment, the National Shippers' Council said on Monday."Exports seem to be up 2-4 per cent (for this year), but it's not very satisfactory because the i ...
US to host meeting on rare earths as China-Japan spat simmers
The discussions are expected to also include officials from Australia, South Korea, India, Mexico and the European Union
Optimise land use: Build 5-storey landed homes
Leslie Yee - Taller houses occupying smaller land plots won’t destroy the character of landed housing estates
New titan rises as Malaysia’s Sunway makes RM11 billion move on construction bigwig IJM
Tan Ai Leng - The merger is set to create an infrastructure powerhouse with a market value of nearly RM50 billion
Malaysia’s property heavyweight Sunway launches RM11 billion takeover bid for construction giant IJM
Tan Ai Leng - The merger – if materialised – will create the country’s largest construction-anchored conglomerate by market value
Malaysia’s construction giants Sunway, IJM Corp halt trading: Is a mega-merger imminent?
Tan Ai Leng - The long-speculated merger – if it were to materialise – is set to create the country’s largest construction-anchored conglomerate by market value
