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Today: March 27, 2025
Today: March 27, 2025
Yantoultra Ngui

Yantoultra Ngui

Staff Writer

Latest From Yantoultra Ngui

Asia|Business|Economy|Finance

DBS leading race to buy controlling stake in Indonesia's Panin Bank, sources say

DBS Group, Southeast Asia's top bank by assets, is the frontrunner to buy a controlling stake in Indonesia's Panin Bank, three people

DBS leading race to buy controlling stake in Indonesia's Panin Bank, sources say
Asia|Business|Economy|Finance|Technology

I Squared, Macquarie vie for stake in Indosat's $1 billion fibre business, sources say

Global asset managers I Squared Capital and Macquarie are among bidders vying for a stake in the fibre business of Indonesia's Indosat Ooredoo Hutchison in a

Asia|Business|Economy|Finance

Singapore banks declare multi-billion dollar capital returns; OCBC Q4 profit misses

Singapore's second-largest bank, Oversea-Chinese Banking Corp, on Wednesday joined rivals in declaring multi-billion capital returns alongside their 2024 record

Singapore banks declare multi-billion dollar capital returns; OCBC Q4 profit misses
Asia|Business|Economy|Stock Markets

Singapore rolls out tax rebates, $3.7 billion program to boost stock market

Singapore announced on Friday a set of measures to rejuvenate its equities market, including a 20% tax rebate for primary listings and a S$5 billion ($3.74

Singapore rolls out tax rebates, $3.7 billion program to boost stock market
Asia|Business|Economy|Finance

Singapore bank UOB hits record high after Q4 earnings beat, $2.2 billion capital return

Shares of Singapore's United Overseas Bank, or UOB, hit a record high on Wednesday after it posted a 9% rise in fourth-quarter net profit that beat expectations

Singapore bank UOB hits record high after Q4 earnings beat, $2.2 billion capital return
Asia|Business|Finance|Stock Markets

Singapore's DBS surges to record on higher margins, capital return plans

Shares of DBS soared to a record high on Monday after Singapore's largest bank flagged an improvement in net interest income for 2025 and a

Singapore's DBS surges to record on higher margins, capital return plans
Asia|Business|Economy|Finance

Singapore banks to post higher Q4 profit, but Trump tariffs could hurt 2025 growth

Singaporean banks are set to report stronger profits for the fourth quarter, but growth could take a hit this year as U.S.

Singapore banks to post higher Q4 profit, but Trump tariffs could hurt 2025 growth
Asia|Business|Economy|Finance

China's Vanke in talks to sell logistics firm stake to GIC, source says

Indebted property developer China Vanke Co Ltd is in advanced talks to sell a controlling stake in VX Logistics to Singaporean sovereign wealth fund GIC, a

China's Vanke in talks to sell logistics firm stake to GIC, source says
Asia|Business|Economy|Finance|Stock Markets

Philippine water company Maynilad hires banks for over $500 million IPO, sources say

Maynilad Water Services has hired banks including Morgan Stanley and UBS to work on a more than $500 million initial public offering in the Philippines,

Philippine water company Maynilad hires banks for over $500 million IPO, sources say
Asia|Business|Economy|Finance|Technology

KKR hires Goldman for selling stake in Philippine fintech Maya, sources say

Global investment firm KKR has appointed Goldman Sachs for the sale of its significant minority stake in Philippine fintech company Maya, according to two

KKR hires Goldman for selling stake in Philippine fintech Maya, sources say
Business|Economy|Finance|Stock Markets

CVC-linked investment unit sells 5% stake in Vietnam's Asia Commercial Bank for $220 million

An investment vehicle linked to CVC Capital Partners has disposed of its entire 5% stake in Vietnam's fourth biggest non-state

Asia|Business|Finance

Citi makes new appointments in Asia Pacific as part of restructuring

Citigroup has made new appointments in Asia Pacific following a sweeping global reorganization the U.S. bank announced on Monday,

Citi makes new appointments in Asia Pacific as part of restructuring
Business|Technology

Chinese firms look to Malaysia for assembly of high-end chips, sources say

A growing number of Chinese semiconductor design companies are tapping Malaysian firms to assemble a portion of their high-end chips, keen to

Chinese firms look to Malaysia for assembly of high-end chips, sources say
Economy

Blackstone to expand private equity headcount in Singapore in Southeast Asia push

By Yantoultra Ngui, Kane Wu and M.

Blackstone to expand private equity headcount in Singapore in Southeast Asia push
Business|Economy|Finance

Exclusive-GIP eyeing up to 49% stake in Malaysian port operator, could value MMC Port at $6 billion - sources

Global Infrastructure Partners (GIP) is in talks to buy up to a 49% stake in MMC Port Holdings, in a deal potentially valuing

Exclusive-GIP eyeing up to 49% stake in Malaysian port operator, could value MMC Port at $6 billion - sources
Business|Finance|Technology

Apple plans to invest more than $250 million to expand Singapore campus

Apple Inc plans to invest more than $250 million to expand its regional campus or operations in Ang Mo Kio, Singapore, according to a company statement dated

Apple plans to invest more than $250 million to expand Singapore campus
Asia|Business|Technology

Philippines' PLDT in talks to sell up to 49% of data centre business to Japan's NTT

The Philippines' largest telecommunications group PLDT is in talks to sell up to 49% of its data centre business to Japan's

Philippines' PLDT in talks to sell up to 49% of data centre business to Japan's NTT
Asia|Australia|Business|Finance

AI boom set to fuel data centre deals in Asia this year

Global private equity investors and asset managers are readying for billions of dollars worth of M&A and

AI boom set to fuel data centre deals in Asia this year
Asia|Business|Finance|Stock Markets

OCBC posts record Q1 profit, makes $1 billion bid to take Great Eastern private

Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) posted on Friday a better-than-expected 5% rise in first-quarter profit

OCBC posts record Q1 profit, makes $1 billion bid to take Great Eastern private
Asia|World

Malaysia airport privatisation deal clouded by protests over Gaza war

A group of prominent Malaysian civil society bodies have started a protest against a bid by a consortium including a firm in the process of being acquired by

Malaysia airport privatisation deal clouded by protests over Gaza war
Business|Technology

KKR-SingTel consortium frontrunner to buy $1 billion stake in data centre provider, sources say

(This May 28 story has been refiled to rectify the name of the company to ST Telemedia Global Data Centres from STT Telemedia Global Data Centres in paragraph 2) By Yantoultra Ngui SINGAPORE (Reuters)

KKR-SingTel consortium frontrunner to buy $1 billion stake in data centre provider, sources say

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