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Thai baht is too strong, impacting economy, finance minister says
[BANGKOK] Thailand’s baht is too strong and affecting its export-driven economy, the country’s finance minister said on Monday (Dec 15), as the currency reached its highest level against the...
Soilbuild Construction proposes four-to-one stock split after 313% year-to-date rise
The company currently has an issued and paid-up share capital of S$107.9 million comprising 165.5 million shares[SINGAPORE] Construction and engineering company Soilbuild Construction on Monday (Dec 15) announced a...
Xpeng in negotiations partner with EPMB to start EV production in Malaysia
Chinese EV maker aims to make Malaysia a base for expansion across Asean’s right-hand-drive markets[SHANGHAI] Xpeng said on Friday (Dec 12) that it is in negotiations to partner EP...
Hong Kong, India fuel blockbuster year for Asia fundraising
Hong Kong’s share sales nearly quadruple to over US$73 billion via IPOs, placements and block trades[HONG KONG] Not long ago, Hong Kong’s share-sale market was a symbol of China’s...
Singapore insurers brace for 2026 as medical inflation climbs and IP rules tighten
Despite challenges, longer-term demographic and wealth trends remain supportive, observers say[SINGAPORE] Medical inflation is expected to remain one of the most pressing challenges for Singapore’s insurance sector in 2026,...
Spacex sets US$800 billion valuation, confirms 2026 IPO plans
The Musk-led company is targeting a valuation of about US$1.5 trillion for the entire company[TEXAS] SpaceX has authorised an insider share sale that values Elon Musk’s rocket and satellite...
China is ‘rejecting’ Nvidia’s H200 chips, outfoxing US strategy, David Sacks says
The Asian nation is weighing a package of incentives worth as much as US$70 billion to support its local chipmaking industry[WASHINGTON] China has figured out the US strategy for...
US regulator grants crypto firms initial approval to launch trust banks
The regulator still has to sign off with a final stamp of approval before each of the trust banks can begin to operate[NEW YORK] Crypto giants, including Ripple and...
Musk’s X posts higher sales amid costly turnaround
[NEW YORK] Sales at Elon Musk’s X jumped during the third quarter, but the social network is still dealing with significant costs – including from the firm’s restructuring –...
Ghost oil ships dock in Venezuela, showing challenge for US
The International Energy Agency estimates the current oversupply at a record 3.8 million barrels a day[HOUSTON] Two so-called ghost oil ships are currently loading off the coast of Venezuela,...
