Vietnam plans to extend tax incentives for EVs until 2030
HANOI, April 20 : Vietnam plans to extend a special consumption tax cut on electric vehicles by nearly four years to the end of 2030 in a bid to boost EV sales and reduce emissions, the parliament office said over the weekend.The government will submit the proposal to extend the tax cut to parliamen ...
Singapore is procuring more LNG as Iran war cuts some supply
Before the conflict, about a fifth of global LNG went through the Strait of Hormuz
Singapore GasCo secures extra LNG cargoes as Iran war hits supply, eyes long-term deals amid volatility
It received two spot cargoes from Australia and one from Mozambique since the war began
Singapore GasCo secures extra LNG cargoes, eyes term deals despite war volatility
It received two spot cargoes from Australia and one from Mozambique since the war began
China to form brokerage with US$86 billion assets by merging firms
Beijing is trying to develop its domestic investment banks to allow them to compete with global heavyweights
Bank Indonesia to hold rates at 4.75% through 2026 as Iran war fuels inflation risks: Reuters poll
BENGALURU, April 20 : Bank Indonesia (BI) is set to keep its key policy rate unchanged on Wednesday, according to all 31 economists polled by Reuters, with many paring bets for cuts this year as an Iran war-fuelled energy shock pushes up inflation and pressures the rupiah.That marks a sharp shift in ...
AI’s token economy revolution creates new China tech winners
The market remains hypercompetitive with new players all the time, and the deeper-pocketed, larger firms are not sitting still
UOBKH maintains ‘buy’ on Reclaims Global following better than expected FY2026 results
Teo Zheng Long - UOB KayHian analysts Tang Kai Jie and Heidi Mo have maintained their “buy” call on Reclaims Global (SGX: NEX ) after its recent FY2026 results. In their April 20 report, the analysts highlighted that Reclaims Global’s FY2026 earnings was above their expectation. “FY2026 net profit of $6.8 mi ...
Asia private credit debates changes to soothe jittery investors
The region’s wealth channel has funnelled around US$48.8 billion into private credit funds, according to data
JP Morgan upgrades UOL to overweight with $12 target
The Edge Singapore - JP Morgan upgraded UOL Group to an overweight on Apr 20 from neutral previously with a revised price target of $12, up from $9.55. The main reasons are: the 3Q2026 preview of Thomson Reserve with 1,240 units (in partnership with CapitaLand Development); the expected Marina Square redevelopment with ...
Shakespeare bought one property in London. Now we know exactly where
That he bought a home in the city is already well known, but the exact location has never been confirmed
Oil tanker exits Hormuz, heading to South Korea's HD Hyundai Oilbank, data shows
SEOUL, April 20 : An oil tanker is heading to discharge its cargo at South Korean refiner HD Hyundai Oilbank after passing through the Strait of Hormuz, shipping data showed.The Malta-flagged Odessa passed through the strait on April 13, Kpler data showed, but did not indicate where the tanker had l ...
Hong Kong exchange tightens rules to avoid auditor shopping
The move effectively closes a loophole that allowed boards to pressure auditors into resigning without immediate shareholder oversight
China fines Alibaba, PDD for food delivery business failures
The country’s hyper-competitive instant delivery market engaged in a price war in the past year as platforms tried to defend their market...
Singapore tycoon seeks US$1 billion from banks over collapsed firm
More than a decade later, Ching Chiat Kwong, who says he put US$100 million of his own money into NewSat, has not...
CapitaLand Trust to buy Paragon in S$3.9b deal, sells Asia Square Tower 2 for S$2.5b
CapitaLand Integrated Commercial Trust (CICT) said on Monday (Apr 20) it has agreed to sell Asia Square Tower 2, a commercial development in Marina Bay precinct, to Malaysia's IOI Properties for S$2.48 billion (US$1.95 billion).The 773,000-square-foot property housing office, hotel and retail s ...
Koh Brothers Eco jumps 26.2% as unit Oiltek crosses S$1 billion market value
Shikhar Gupta - Koh Brothers Group shares are also up more than 23%
Koh Brothers Eco jumps 17.5% as unit Oiltek crosses S$1 billion market value
Shikhar Gupta - Koh Brothers Group shares are also up more than 13%
Koh Brothers Eco jumps 17.5% as former-Catalist unit Oiltek crosses S$1 billion mark
Shikhar Gupta - Koh Brothers Group shares are also up more than 13%
Koh Brothers Eco jumps 17.5% as Catalist-listed unit Oiltek crosses S$1 billion mark
Shikhar Gupta - Koh Brothers Group shares are also up more than 13%
Koh Brothers Eco jumps 13.5% as its unit Oiltek crosses S$1 billion market value
Shikhar Gupta - Koh Brothers Group shares also end 18.3% higher
Malaysian ringgit set to test new high for 2026, strategists say
Gains have been supported by strong exports and a surge in investment tied to Malaysia’s fast-growing data centre industry
Meta and EssilorLuxottica bring AI to eye level with smart glasses in Singapore
Nurdianah Md Nur - The smartphone changed how people interact with the world by putting a computer in their pocket. Meta is betting the next shift is simpler: putting it on your face instead. Developed in partnership with eyewear giant EssilorLuxottica, its second-generation AI-embedded glasses can answer a question, ...
Mencast Holdings share surge following investment by EDIS
The Edge Singapore - Mencast Holdings shares gained around a fifth on opening this morning with heavy volume after news last Friday that EDIS will potentially become a substantial shareholder following a three-year $3 million convertible bond. Under terms of the investment, EDIS, or Economic Development Innovations Sing ...
CICT sells Asia Square Tower 2 to IOI for S$2.5b, buys Paragon for S$3.9b
Deon Loke - Acquisition of iconic Orchard Road mall to be funded by Asia Sq tower sale and S$600 million private placement at S$2.292 to...
CICT sells Asia Square Tower 2 to IOI for S$2.5 billion, buys Paragon for S$3.9 billion
Deon Loke - Acquisition of iconic Orchard Road mall to be funded by Asia Sq tower sale and S$600 million private placement at S$2.292 to...
Asian airlines report Europe demand surge as Gulf hub disruption shifts traffic
As a result, customers need to pay a premium for flights that avoid the Gulf, according to data from Google Travel
Stocks to watch: Wilmar, CICT, CDLHT, Centurion
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Apr 20):
Gold falls as renewed Hormuz disruption stokes inflation concern
The protracted conflict has triggered an unprecedented energy-supply shock that has intensified inflationary pressures
Gold falls on stronger US dollar amid renewed US-Iran tensions
The dollar index strengthened, making greenback-priced bullion more expensive for other currency holders
Centurion Corp buys property supporting mining industry in Western Australia for A$45 mil
The Edge Singapore - Dormitory operator Centurion Corporation is paying A$45 million to acquire an asset in Western Australia meant for the mining industry, marking its entry into a new specialised segment. Centurion Corp believes this acquisition will be earnings accretive. The asset, at Karratha, consists of Velocity ...
CICT's $6.4 billion asset swap
The Edge Singapore - CapitaLand Integrated Commercial Trust (CICT), Asia’s largest REIT, has announced the divestment of Asia Sqaure Tower 2 (AST2) to IOI Properties for $2.476 billion, and the acquisition of the freehold Paragon for $3.9 billion. To partly fund Paragon, CICT has announced a placement to raise no less ...
Oil rises 5% on renewed tension after US seizes Iranian ship
Iran said it would retaliate amid growing worries of a resumption of hostilities
Oil claws back losses as Strait of Hormuz is closed again
The United States has maintained a blockade of Iranian ports
