Country Garden seeks shareholder approval on US$13 billion convertible bonds issue
Country Garden Holdings said on Friday (Nov 14) it will seek shareholder approval for an offshore debt restructuring proposal aiming to deleverage by around US$11 billion, as well as for other loan repayment plans, which will see a dilution in their stakes.Aimed at easing one of the biggest defaults ...
No Grab-GoTo merger notification yet, says Singapore competition watchdog
[SINGAPORE] The competition watchdog here has not received any notification from ride-hailing firms Grab or GoTo on any proposed merger, but said...
SIA reiterates support for Air India despite the drag on earnings
Tay Peck Gek - ‘This is a long-term investment for us, and we have no disillusion that along the way there will be challenges’, CEO Goh...
India's Pine Labs jumps 29%, overcoming valuation jitters in red-hot IPO market
BENGALURU -India's Pine Labs soared in its trading debut on Friday, valuing the company at 320.27 billion rupees ($3.64 billion), as strong growth prospects for the payment solutions company trumped valuation worries in a sizzling IPO market.After listing at 242 rupees, the stock rose as much a ...
Pine Labs shares surge 10% in India debut as investors shrug off valuation jitters
BENGALURU -Shares of fintech firm Pine Labs rose nearly 10 per cent in their trading debut on Friday as investors shrugged off concerns over profitability and stretched valuations.The stock listed at 242 rupees on the National Stock Exchange (NSE), above its issue price of 221 rupees.Pine Labs' ...
Malaysia enters mediation with Julius Baer on US$112 million 1MDB lawsuit
MALAYSIA said it’s entered mediation talks with Julius Baer Group in a bid to settle a US$112 million lawsuit filed against the...
Amazon, Microsoft back effort to restrict Nvidia’s exports to China: WSJ
AMAZON is joining Microsoft in backing legislation to further curb chipmaker Nvidia’s ability to export chips to China, the Wall Street Journal...
Malaysia’s Q3 growth fastest in a year, 2025 outlook at high end of forecast, central bank says
KUALA LUMPUR :Malaysia's economy expanded at its fastest pace in a year in the third quarter, with growth in 2025 poised to come in at the upper end of the central bank's forecast, Bank Negara Malaysia said on Friday. Gross domestic product rose 5.2 per cent in the July-to-September period ...
Malaysia's economy grows 5.2 y/y in Q3, in line with forecasts
KUALA LUMPUR :Malaysia's economy grew 5.2 per cent in the third quarter of 2025 from a year earlier, in line with expectations, following a rebound in key sectors and strong domestic consumption, official data showed on Friday.Economists polled by Reuters and a preliminary government estimate ...
Malaysia’s Q3 growth hits 5.2%, outlook for 2025 at high end of forecast
KUALA LUMPUR : Malaysia's economy expanded at its fastest pace in a year in the third quarter, with 2025 growth slated to register in the upper end of Bank Negara Malaysia's (BNM) forecast, the central bank said on Friday. Gross domestic product rose 5.2 per cent in the July-to-September p ...
Asia: Markets sink on concerns over tech rally, Fed rates
ASIAN markets sank on Friday, tracking a selloff on Wall Street as worries over next month’s Federal Reserve interest rate decision and...
Gold rises, poised for weekly gain on softer dollar
GOLD prices edged higher on Friday and were poised for a weekly rise, supported by a weaker dollar, although gains were kept in...
Innotek rides AI wave with Nvidia deal; mulls expansion in Malaysia
Teo Zheng Long - In line with shifting industry trends, listed manufacturer Innotek has observed changes in the composition of its customer base. Since its founding in 1984 in the US as Magnecomp, the company has undergone name changes as well in tandem with the market’s ebb and flow, accompanied by a steady strea ...
CAREIT CEO: The human touch behind Centurion’s living spaces
Julian Wong - Centurion Accommodation REIT (CAREIT) is redefining worker housing with empathy at its core, building on the legacy of its sponsor, Centurion Corporation. ”If I’m sending my son somewhere,” says CAREIT CEO Tony Bin, “I’d want him to be treated as well as the circumstances allow. Why should ...
Asean+3’s cross-border payments revolution and its new policy risks
Yasuto Watanabe - Not long ago, sending money across borders meant long waits and hefty fees. A simple remittance could take several days to clear and cost more than 6% of the transaction amount. Today, in parts of Asean, the same transaction or retail payment can happen in seconds — often at a fraction of the cost ...
The boom in private tech investing
Assif Shameen - Over the past decade or so that I have written this fortnightly tech column, I have occasionally received feedback from readers across Southeast Asia. While I do know some of the people who send me comments or queries, I don’t know how others got my email contact. Most of the questions I get are a ...
Nissan to cut jobs at European regional office as part of global overhaul
TOKYO/PARIS :Nissan will eliminate 87 positions at its European regional office in France, a company document and internal emails showed, as part of CEO Ivan Espinosa's global restructuring and turnaround plan that includes a 15 per cent cut in headcount. The struggling Japanese automaker is wo ...
Singing all the way to the bank: Vietnam’s pop culture is big business
Jamille Tran - The country’s entertainment giants Yeah1 and DatVietVAC are cashing in as pop culture explodes
Oil rises 2% after Ukrainian attack damages Russian oil depot
Oil prices jumped about 2 per cent on Friday on supply fears after a Ukrainian drone attack hit an oil depot in the Russian Black Sea port of Novorossiysk, a major export hub.Brent crude futures rose $1.24, or 1.97 per cent, to $64.25 a barrel by 0315 GMT, while U.S. West Texas Intermediate crude ro ...
Oil climbs more than 2% after Ukrainian attack damages Russian oil depot
Oil prices rose more than 2 per cent on Friday after a Ukrainian drone attack damaged an oil depot in the Russian Black Sea port of Novorossiysk. Brent crude futures rose $1.34, or 2.13 per cent, to $64.35 a barrel by 0227 GMT, while U.S. West Texas Intermediate crude rose $1.40, or 2.39 per cent, t ...
Oil climbs 2% as Russian port suspends oil exports after Ukrainian attack
LONDON :Oil prices climbed about 2 per cent on Friday, boosted by supply fears after the Black Sea port of Novorossiysk halted oil exports following a Ukrainian drone attack that hit an oil depot in the major Russian energy hub.Brent crude futures were up $1.24, or 2 per cent, at $64.25 a barrel by ...
Oil climbs 1% after Ukrainian attack damages Russian oil depot
Oil prices climbed about 1 per cent on Friday, boosted by supply fears after a Ukrainian drone attack hit an oil depot in a major Russian export hub, the Black Sea port of Novorossiysk.Brent crude futures rose 79 cents, or 1.25 per cent, to $63.80 a barrel by 0701 GMT, while U.S. West Texas Intermed ...
Stocks hammered on dashed hopes of imminent Fed rate cut
LONDON :World stock markets took a beating on Friday as a hawkish tone from Federal Reserve officials doused hopes for a December U.S. rate cut, while a still-messy data calendar and worries about an AI bubble added to the angst.Blue-chip bourses from Tokyo to Paris and London were deep in the red w ...
Stocks crumble as hopes fade for imminent Fed rate cut
SYDNEY :Asian shares tumbled on Friday, joining a global selloff as hawkish comments from Federal Reserve officials doused hopes for a U.S. rate cut next month, while a still-messy data calendar added to the angst.MSCI's broadest gauge of Asian shares outside of Japan slid 1.1 per cent after st ...
Home loans are getting cheaper – should you stick with HDB or switch to a bank loan?
Daryl Choo - [SINGAPORE] If you’ve been eyeing your first flat or thinking about switching up your home loan, you’ve probably noticed that interest rates...
Foreign investment helps Asean offset global headwinds
Manu Bhaskaran - Not surprisingly, the profound shifts of recent times — intensifying geopolitical tensions that threaten to split the world into two camps, a trade war with many twists and turns, and transformational technological advances — are setting in motion a reallocation of capital flows. Overall, the bi ...
The world comes to China
Daryl Guppy - Over the last few days, I attended the China International Import Expo (CIIE) in Shanghai. The operative word here is “import”. This is where the world vies for the best position to attract the attention of China’s importers. For the expo’s partipants, hailing from around 155 countries, this ...
IMF sees Thai GDP growth at 1.6% in 2026
BANGKOK :Thailand's economic growth is projected to reach 2.1 per cent this year and then slow to 1.6 per cent in 2026 in the face of increasing economic headwinds, the International Monetary Fund said. Economic conditions suggest there is room for further monetary easing, it said in a statem ...
Balancing caution and yield ahead of 2026
Andrew Wong, Ezien Hoo, Wong Hong Wei, and Chin Meng Tee - Credit spreads continue to trade at or near multi-year or historically low levels as of Nov 7, despite prevailing risks, with credit markets rallying amidst periodic risk-on sentiments and expectations for Fed rate cuts. Asia USD investment-grade and high-yield spreads have tightened considerably in ...
JP Morgan chases disruption below megacaps as AI broadens opportunity set
Samantha Chiew - JP Morgan Asset Management’s Joseph Wilson is clear about where he hunts for returns in technology. “We invest across all market caps and all sectors,” he says, adding that the team applies “a tech lens” to spot leaders even when industry classifications say otherwise. In practice, that me ...
Wealth fees a bright spot for DBS and OCBC; UOB’s pre-emptive provisions should be seen as ‘positive’, says CEO Wee
Felicia Tan - Despite lower rates, which dampened margins, the 3QFY2025 report cards for DBS Group Holdings and Oversea-Chinese Banking Corporation (OCBC) were better than expected, driven by heftier wealth management fees. Meanwhile, United Overseas Bank (UOB) was weighed down by hefty general provisions. The ba ...
SIA shares fall on net profit drop; analysts expect Air India losses to continue
Shikhar Gupta - The counter falls as low as S$6.41 after market opens
SIA shares tumble on net profit drop; CGSI expects ‘persistent’ Air India losses
Shikhar Gupta - The counter declines to as low as S$6.41 after market opens
SIA shares fall as much as 3.6% on net profit drop
Shikhar Gupta - The counter drops as low as S$6.41
