News
Indonesia taps Singapore traders in US$12 billion Pertamina probe
[SINGAPORE] Indonesian authorities have contacted a number of Singapore-based trading companies to request their cooperation in a US$12 billion corruption probe involving state-owned oil giant Pertamina.
The oil traders received...
Indonesia’s Pertamina seeks petrol for July-December, excludes Singapore supply
Indonesia is considering a cut to fuel imports from Singapore and instead increase supply from the USPublished Mon, May 19, 2025 · 04:54 PM[SINGAPORE/JAKARTA] Indonesia’s Pertamina has issued five...
Kwek Poh Heok named new CEO of Business China; Ho Chee Hin exits into public sector
[SINGAPORE] Kwek Poh Heok has been appointed the new chief executive of Business China, with effect from Jul 1. She succeeds Ho Chee Hin who served as CEO from...
Ryanair says tariff war top threat to growth; plans buyback
[LONDON] Ryanair Holdings said profit growth this year will depend on working through the risk of tariff wars, geopolitical conflicts and macroeconomic blows.The airline said it was too early...
Xiaomi to invest at least 50 billion yuan in chip design: founder
Published Mon, May 19, 2025 · 01:17 PM — Updated Mon, May 19, 2025 · 03:17 PM[BEIJING] Chinese tech giant Xiaomi will invest 50 billion yuan (S$9 billion) in developing high-end...
Chinese trader who made US$1.5 billion on gold builds a giant bet on copper
[SINGAPORE] A reclusive Chinese billionaire whose prescient gold trades turned into an eye-catching windfall has now become the country’s biggest copper bull, amassing a bet worth nearly US$1 billion...
Gold rises as US dollar slips, Trump tariff threats fuel safe-haven demand
Markets are expecting 54 basis points of rate cuts this year, with the reductions now seen starting from OctoberPublished Mon, May 19, 2025 · 09:25 AM[BENGALURU] Gold prices rose...
China’s luxury car brand that’s come from behind to overtake BMW
[HONG KONG] In under four years, Seres Group, a small Chinese automaker once best known for its 30,000 yuan (S$5,403) minivans, has beaten luxury legacy names such as BMW...
Stocks to watch: Frasers Centrepoint Trust, Sinarmas Land, Creative, Econ Healthcare
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (May 19). Frasers Centrepoint Trust (FCT): The acquisition of Northpoint City’s south wing...
Bessent calls Walmart CEO after Trump lashes out over price hikes
[WASHINGTON] The US Treasury chief said on Sunday he had called Walmart’s CEO, a day after President Donald Trump blasted the company for hiking prices over his tariffs and...
Morningstar eyes growth through AI and public-private market convergence
[SINGAPORE] Investment research and management company Morningstar is strategically positioning itself to capture opportunities arising from the convergence of public and private markets.Having embarked nearly 10 years ago on...
