Entrepreneurship
TSMC unit to issue US$10 billion of stock to counter forex swings
The moves grant TSMC Global more capital flexibility in managing exchange rate risksPublished Wed, Jun 25, 2025 · 07:14 PM[TAIPEI] Taiwan Semiconductor Manufacturing Co’s overseas unit is set to...
Thailand moves to recriminalise cannabis, shaking US$1b industry
[BANGKOK] Thailand’s government is moving to recriminalise cannabis, plunging into limbo an industry estimated to be worth over US$1 billion that has boomed since the substance was taken off...
DBS targets hiring 40 private bankers for North Asia market
Published Wed, Jun 25, 2025 · 05:41 PMDBS Group, Singapore’s largest lender, is targeting hiring about 40 private bankers this year in Hong Kong and Singapore to cater to...
Investment firm PAG raises 3.1 billion yuan in first yuan-denominated buyout fund: sources
[HONG KONG] Asia-focused investment firm PAG has raised 3.1 billion yuan (S$553 million) at the first close of its inaugural yuan-denominated buyout fund, exceeding its target, two people with...
Trump baffles with sudden U-turn on China buying Iranian oil
[WASHINGTON] US President Donald Trump on Tuesday (Jun 24) appeared to undermine years of US sanctions on Iran, giving its biggest customer, China the green light to carry on...
China seizes moment to globalise yuan as US dollar doubts mount
[BEIJING] China is launching a sweeping campaign to promote the yuan’s global role, seizing what officials see as a rare strategic opening.With the US dollar facing multiple challenges, Beijing...
ST Engineering divests entire equity interest in US-based construction player LeeBoy for US$290 million
[SINGAPORE] Singapore Technologies Engineering (ST Engineering) on Tuesday (Jun 24) announced that it will be selling its entire equity interest in ST Engineering LeeBoy, a US-based construction equipment manufacturer,...
Trump’s chip tariff threat sparks pushback from auto industry to tech
[WASHINGTON] Blowback to US President Donald Trump’s idea of tariffs on imported semiconductors is proving to be broad and deep, stretching from auto companies and boat makers to the...
Stocks to watch: Sembcorp Industries, ST Engineering, Frasers Centrepoint Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 25):Sembcorp Industries: The company’s wholly owned subsidiary, Sembcorp Financial Services, announced the issuance...
Target explores factory-direct shipping model used by Temu
[CHICAGO] Target is testing the delivery of products directly to customers’ homes from factories, said sources familiar with the matter, an effort by the big-box retailer to launch a...
