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Sanli Environmental raises about S$10 million in placement amid record order book
[SINGAPORE] Catalist-listed Sanli Environmental raised gross proceeds of some S$10 million in its placement of nearly 38.5 million fully paid-up ordinary shares at an issue price of S$0.26 apiece....
Malaysia’s Perodua unveils US$19,000 EV, battery not included
[KUALA LUMPUR] Malaysian automaker Perodua launched its first electric car on Monday (Dec 1), and will sell the vehicle separately from the battery to reduce upfront costs in a...
Silver hits fresh record after trading outage, supply tightness
Its most recent surge has been supported by renewed concerns of tightness in the global market[SINGAPORE] Silver jumped to a record, reinforcing a gain of nearly 6 per cent...
Wall Street predicts rebound in Indian markets after tough year
AFTER one of India’s worst years of market underperformance in decades, some of Wall Street’s biggest names are calling for a rebound.Morgan Stanley, Citigroup and Goldman Sachs Group are...
Seatrium to start its own arbitration in US$475 million contract termination dispute
The contract, which is 98.9 per cent complete, is for the construction of a wind turbine installation vessel in an US offshore wind farm[SINGAPORE] Seatrium is starting its own...
Why you should cheer PE pessimism
Valuations do not predict stocks’ direction as decades of history prove present fears falseARE stocks “too expensive” these days? The bears boldly believe so – claiming that elevated price/earnings ratios...
Amazon, Flipkart take aim at India’s banks with new consumer loan offerings
Interest rates on loans for consumer durables from traditional lenders typically range between 12% and 22%[MUMBAI] Amazon is preparing to offer loans to small businesses in India, while Walmart-owned...
How ‘Stranger Things’ became Netflix’s ‘Star Wars,’ propelling it into Hollywood’s stratosphere
Before the sci-fi series “Stranger Things” premiered on Netflix, several traditional studios had already passed on it. Its creators were first-time show runners, unknown young actors were cast in...
OCBC’s Internet and mobile banking services fully restored after two-hour outage
[SINGAPORE] OCBC customers experienced difficulties logging into the bank’s mobile application on Thursday (Nov 27). On outage tracking site Downdetector, more than 1,400 reports had been made from around 8.20...
Thai prices hit near 4-month high; India prices ease on weak demand, soft rupee
Thailand’s 5% broken rice was quoted at US$370 per metric tonne, its highest since July 31[BANGKOK] Thailand’s rice prices jumped to a near four-month high this week as flooding...
