Entrepreneurship
Chevron seeks buyers for 50% stake in Singapore refinery: sources
[SINGAPORE] US oil major Chevron has sought non-binding bids for the sale of its 50 per cent stake in Singapore Refining Company (SRC), including from joint venture partner PetroChina,...
Grab-GoTo merger talks face Indonesian regulatory hurdles: sources
[JAKARTA/SINGAPORE] Singapore-based Grab’s plan to acquire Indonesia’s GoTo to create a dominant South-east Asian ride hailing and food delivery company has run into regulatory hurdles, three sources said, casting...
Prudential, AIA still offering pre-authorisation at Mount Elizabeth hospitals despite Great Eastern’s shock move
[SINGAPORE] Insurers in Singapore are not following Great Eastern’s footsteps to suspend pre-authorisation certificates for admission into Mount Elizabeth Hospital and Mount Elizabeth Novena Hospital. Prudential and AIA told...
SingPost puts up 10 HDB shophouses for S$50 million in sale-and-leaseback bid
[SINGAPORE] National postal service provider Singapore Post (SingPost) has put up 10 Housing & Development Board (HDB) shophouses for sale and leaseback under its plan to divest non-core assets....
Latest Singapore six-month T-bill cut-off yield falls to 2%
It is the seventh consecutive issuance since Mar 26 for which yields have declined[SINGAPORE] The cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) inched down to 2 per...
China’s EV powerhouse BYD accelerates into Europe’s heartland
[LONDON] A synchronised flock of drones lit up the sky above Rome’s Olympic Stadium last month to mark the European launch of the latest electric hatchback from Chinese carmaker...
Globally diversified equities remain attractive amid yet another Fed pause: analysts
[SINGAPORE] Analysts continue to favour globally diversified equities, as the US Federal Reserve kept interest rates unchanged on Wednesday (Jun 18). In its latest meeting, the Federal Open Market...
Asia: Stocks drop after Fed warning, oil dips with Middle East in focus
[HONG KONG] Asian stocks fell on Thursday after the Federal Reserve warned Donald Trump’s trade war would likely reignite US inflation and dampen economic growth, while oil prices edged...
Coinbase launches stablecoin payments service for e-commerce
[NEW YORK] Coinbase Global is launching a platform designed to make stablecoins a go-to payment method for online transactions, a potentially big leap forward in the mainstream adoption of...
Bank of Japan’s gloomy projections suggest no rate hike this year: ex-top economist
[TOKYO] The Bank of Japan is likely to hold off raising interest rates this year unless a dramatic, positive turn of events in US tariffs allows it to overhaul...
