CSE Global secures three contracts in US worth US$124.6 mil
Nicole Lim - CSE Global announced that it has secured three contracts worth US$124.6 million ($161.7 million) in the US. These contracts are for the design and manufacturing of power distribution centres, and integration of complex electrical and control systems and equipment in the USA for the liquefied natural ...
Sri Lankan economy grew 5.4% in third quarter of 2025
Dec 15 : Sri Lanka's economy grew 5.4 per cent year-on-year in the third quarter of 2025, official data showed on Monday, signaling a sustained recovery from the decade's worst financial crisis in 2022. The island nation's economy had grown 4.9 per cent in the preceding quarter.Sri La ...
SIA Group passenger traffic growth up 2.6% y-o-y for Nov; cargo carriage up 12.4% y-o-y
Nicole Lim - Singapore Airlines (SIA) Group has reported a passenger traffic growth of 2.6% y-o-y, outpacing the 2.2% increase in passenger capacity for the month of November. The group’s passenger load factor (PLF) came in at 87.3%, 0.3 percentage points (ppts) up y-o-y. SIA and Scoot posted monthly PLFs of 8 ...
German regulator orders oversight, limits on GIC-backed online bank N26
[FRANKFURT] Germany’s financial regulator BaFin on Monday (Dec 15) announced stricter oversight of Berlin-based online bank N26, including limits on new business...
CDL said to have inked deal to sell Quayside Isle @ Sentosa Cove for S$97.3 million
Kalpana Rashiwala - The buyer is understood to be an entity owned by Patrick Kho
CDL inks deal to sell Quayside Isle @ Sentosa Cove for S$97.3 million
Kalpana Rashiwala - The buyer is understood to be an entity owned by Patrick Kho
CDL inks deal to sell Quayside Isle for S$97.3 million
Kalpana Rashiwala - The buyer is understood to be an entity owned by Patrick Kho
Pakistan cuts key rate by 50 bps to 10.5% in surprise move
KARACHI, Pakistan, Dec 15 : Pakistan's central bank cut its key interest rate by 50 basis points to 10.5 per cent on Monday, breaking a four-meeting hold in a surprise move it said was aimed at supporting sustainable economic growth while keeping inflation within target.All 12 analysts in a Reu ...
Pakistan cuts key rate by 50 bps to 10.5% in surprise move after holding for four meetings
KARACHI, Dec 15 : Pakistan's central bank cut its key interest rate by 50 basis points to 10.5 per cent on Monday, the bank said on its website, breaking a hold on the rate for four meetings in a move that surprised analysts and came despite IMF warnings to avoid premature easing.All 12 analyst ...
Oaktree-backed firm unveils $1.2 billion Amsterdam data centre project
LONDON, Dec 15 : Oaktree Capital-backed firm Pure Data Centres said on Monday it plans to spend up to 1 billion euros ($1.17 billion) on an Amsterdam campus, in one of the biggest 'hyperscale' data centre investments announced in Europe this year.Pure Data Centres said the campus will be l ...
Oaktree-backed firm unveils $1.2 billion Amsterdam 'hyperscale' data centre project
LONDON, Dec 15 : Oaktree Capital‑backed Pure Data Centres said on Monday it plans to invest up to 1 billion euros ($1.17 billion) in a new Amsterdam campus, one of Europe's largest hyperscale data‑centre commitments this year.The company said the site will be leased to a single hyperscale c ...
CSE Global bags three electrification contracts valued at US$124.6 million
Chloe Lim - Contracts are for the design and manufacture of power distribution centres, and the integration of electrical and control systems and equipment
Singapore, China continue to find common interests, create investment opportunities: DPM Gan
Elysia Tan - Three existing government-to-government projects facilitate this exploration
SIA Group’s passenger traffic up 2.6% in November
Sharon See - Singapore Airlines and Scoot carried 3.5 million passengers in total during the month, 6% higher than a year ago
Interest in money market funds in Singapore falls 44% quarter on quarter to S$1.5 billion in Q3: Morningstar
Chloe Lim - This comes despite total net inflows rising 32% from Q2
Exclusive-Tesla board made $3 billion via stock awards that dwarfed tech peers
Dec 15 : Tesla's board of directors has earned more than $3 billion through stock awards that far exceeded the value of those given to peers at the biggest U.S. technology firms at the time they were paid, according to an analysis performed for Reuters by compensation and governance specialist ...
Korea Zinc to build $7.4 billion smelter in US
(Corrects the year when the smelter will start operations in third paragraph)SEOUL, Dec 15 : Korea Zinc said on Monday that it plans to build a smelter to produce key metals and minerals in the United States in a project that would cost $7.4 billion. Korea Zinc said the U.S. government aske ...
Singapore shares edge higher as regional markets end mixed; STI up 0.1%
Renald Yeo - The iEdge Singapore Next 50 Index also gains 0.1%, rising 1.35 points to 1,435.99
Italy crafts lab-grown snacks with fruit residues, plant cells and a 3D printer
ROME, Dec 15 : Scientists in Italy are developing sweet snacks with lab-grown plant cells and fruit residues, producing a material that a 3D printer can then process into 'pastries' with high nutritional content.Italy's rich culinary traditions may have just gained UNESCO heritage sta ...
China's property giant Vanke makes fresh bid to win support for bond payment as default risk looms
China Vanke made a renewed effort to muster bondholder backing for an onshore debt repayment due this week and avoid a default after the state-backed developer's plan was rejected, rekindling concerns about the nation's crisis-hit property sector.Vanke will hold a second meeting to d
South Korea central bank, NPS agree to extend currency swap agreement for another year
SEOUL, Dec 15 : South Korea's central bank and the national pension fund have agreed to extend their foreign exchange swap line to the end of 2026, a move aimed at stabilising the dollar-won market as the won hovers near the weakest level in 16 years.The facility allows the National Pension Ser ...
Japan's MUFG in final talks to acquire 20% stake in Shriram Finance for over $3.2 billion, report says
TOKYO, Dec 15 : Japan's Mitsubishi UFJ Financial Group is in final talks to acquire a 20 per cent stake in Indian non-bank financial institution Shriram Finance for more than 500 billion yen ($3.22 billion), Bloomberg News reported on Monday.MUFG is planning to announce the acquisition this wee ...
Foreign inflows into Asian bonds hit six-month high in November
Dec 15 : Foreign investors snapped up Asian bonds in November as they sought shelter from an equity market selloff driven by concerns over stretched tech valuations and uncertainty around the U.S. Federal Reserve’s rate outlook.They bought a net $10.86 billion of bonds in South Korea, Thailand, Ma ...
Vietnam’s VinFast puts US$1 billion into expanding Indonesia plant, targets 350,000-unit annual output
Elisa Valenta - The West Java facility is designed to produce right-hand-drive models, reinforcing its role as a regional export hub
Raffles Education leads most active pack on SGX with 60.8 million shares traded; closes 23.4% higher
Shikhar Gupta - Counter hits peak of S$0.133 on Monday; volume is 4 times its average daily figure
Raffles Education leads most active pack on SGX with 43 million shares traded; price jumps 24%
Shikhar Gupta - Counter hits peak of S$0.133 on Monday; volume is 4 times its average daily figure
VinFast will increase investment in Indonesia to up to $1 billion, executive says
JAKARTA, Dec 15 : Vietnamese electric vehicle maker VinFast will increase its investment in Indonesia to up to $1 billion, its local unit chief executive told Reuters on Monday.The statement came after VinFast Indonesia inaugurated its first manufacturing plant in Indonesia on Monday with production ...
Thailand to hold elections on Feb 8, local media reports
[BANGKOK] Thailand will hold elections on Feb 8, according to multiple local media reports on Monday (Dec 15), including from public broadcaster...
Asean Power Grid projects could attract more Chinese investor interest in 2026
Sharanya Pillai - Clean-power manufacturers from China have been expanding in Indonesia, could seize more opportunities with cross-border projects
Thai baht is too strong, impacting economy, finance minister says
The baht reached its highest level against the dollar in more than four years
Market ‘taking a breather’ in Dec but Huttons forecasts 11,000 units of developer sales in 2025, highest since 2021
Jovi Ho - As the market winds down for the year, the number of project launches dwindled to just one in November compared to four in October. Developers launched 347 units for sale in November, 84.5% lower m-o-m and 87.9% lower y-o-y. In November 2024, developers pushed out five major projects. The sole launc ...
New home sales shrink in November after October spike, with only one project launched
Chong Xin Wei - Developers sell 325 units, down 86.6% from October high and 87.3% lower year on year
Singapore, China exchange 27 agreements to boost cooperation, from financial connectivity to food trade
Elysia Tan - Deals are announced at bilateral meeting co-chaired by Singapore DPM Gan Kim Yong and Chinese Vice-Premier Ding Xuexiang
Indonesia’s tin exports surge as supply concerns dissipate
The campaign has underpinned tin’s rally this year, which surged 41% as the best-performing contract on the London Metal Exchange
