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Today: March 31, 2025
Today: March 31, 2025
Yantoultra Ngui

Yantoultra Ngui

Staff Writer

Latest From Yantoultra Ngui

Asia|Business|Finance

Singapore's top bank DBS eyes $370 billion in wealth assets by 2026, top exec says

DBS Group plans to boost assets under management for its wealth business to S$500 billion ($369.7 billion) by the end of 2026, said the unit's head, as the top

Singapore's top bank DBS eyes $370 billion in wealth assets by 2026, top exec says
Business|Economy|Finance|Stock Markets

Temasek to finalise deal with Shell for Pavilion Energy LNG asset sale, sources say

Singapore's Temasek Holdings is finalising the sale of some assets from liquefied natural gas (LNG) trading firm Pavilion

Temasek to finalise deal with Shell for Pavilion Energy LNG asset sale, sources say
Business|Finance|Technology

KKR-SingTel consortium to invest $1.3 billion in ST Telemedia Global Data Centres

A consortium of U.S. investment firm KKR and Singapore Telecommunications will invest S$1.75 billion ($1.3 billion) in ST Telemedia Global Data Centres,

KKR-SingTel consortium to invest $1.3 billion in ST Telemedia Global Data Centres
Asia|Business|Finance|Stock Markets

Shell to acquire Singaporean LNG firm Pavilion Energy from Temasek

Shell has agreed to buy Singaporean liquefied natural gas (LNG) company Pavilion Energy from global investment company Temasek

Shell to acquire Singaporean LNG firm Pavilion Energy from Temasek
Finance

IHH, Sunway among bidders for Affinity's Malaysian hospital, sources say

Private hospital operators IHH Healthcare and Sunway Medical Centre are among bidders for Malaysia's Island Hospital, which is owned by Asian buyout fund

Asia|Business|Economy|Finance

Singapore highlights banks as posing highest money laundering risk

Singapore's banking sector, including wealth management, poses the highest money laundering risk in the city-state, the government said in a

Singapore highlights banks as posing highest money laundering risk
Asia|Business|Finance

China's CICC eyes Southeast Asia expansion in bid to ease domestic woes

China International Capital Corp (CICC) plans to expand its presence in Southeast Asia by opening offices in countries including

China's CICC eyes Southeast Asia expansion in bid to ease domestic woes
Business|Economy|Finance

Temasek portfolio value logs modest rise; has a cautious approach to China

Singapore state investor Temasek said on Tuesday its net portfolio value had swung back to growth with a 1.8% gain, adding that profits from investments in the

Temasek portfolio value logs modest rise; has a cautious approach to China
Business|Finance|Stock Markets|Technology

Data centre operator Equinix mulls minority stake sale in Hong Kong assets, sources say

Global data centre operator Equinix is considering a sale of a minority stake in its Hong Kong facilities, valuing the assets at around $

Data centre operator Equinix mulls minority stake sale in Hong Kong assets, sources say
Asia|Business|Economy|Finance

Chinese state-owned brokerage to ramp up investment banking business in Southeast Asia

A unit of state-owned brokerage China Galaxy Securities (CGS) plans to expand its investment banking team in Southeast Asia to 50 people next year from 30 now,

Chinese state-owned brokerage to ramp up investment banking business in Southeast Asia
Asia|Business|Economy|Finance|Food

ThaiBev plans to shed property assets in share swap deal

Thai Beverage, Southeast Asia's biggest brewer, plans to divest its real estate assets and become a pure-play drinks and food firm in a share swap

ThaiBev plans to shed property assets in share swap deal
Asia|Business|Finance|Stock Markets

ExxonMobil selling Malaysia oil and gas assets to Petronas, sources say

Exxon Mobil Corp has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the country's upstream sector where

ExxonMobil selling Malaysia oil and gas assets to Petronas, sources say
Business|Economy|Finance

Singapore's GIC posts weakest investment gains in four years

Singapore sovereign wealth fund GIC's main gauge of investment return posted its weakest growth in four years, and said high interest rates,

Singapore's GIC posts weakest investment gains in four years
Asia|Business|Economy|Finance

Singapore's central bank keeps policy unchanged, as expected

Singapore's central bank on Friday left its monetary policy settings unchanged for the fifth consecutive time, as expected, as growth picks up

Singapore's central bank keeps policy unchanged, as expected
Asia|Business|Finance|Stock Markets

99 Speed Mart eyes Sept market debut as Malaysia's biggest IPO in 7 years, sources say

Malaysia's top mini-market chain retailer 99 Speed Mart Retail Holdings aims to make its market debut on Sept. 9 after raising $509 million in an IPO set to be

99 Speed Mart eyes Sept market debut as Malaysia's biggest IPO in 7 years, sources say
Business|Finance

OCBC's Q2 profit tops expectations, says on track to meet 2024 targets

Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) reported on Friday a stronger-than-expected 14% year-on-year jump in second quarter net

OCBC's Q2 profit tops expectations, says on track to meet 2024 targets
Business|Finance|Stock Markets|Technology

Telkom Indonesia taps Goldman, Mandiri to seek strategic investor for data centre business

Indonesia's state-owned communication giant Telkom Indonesia has appointed Goldman Sachs and Mandiri Sekuritas to help it find a strategic investor for its

Telkom Indonesia taps Goldman, Mandiri to seek strategic investor for data centre business
Business|Finance

DBS picks insider Tan Su Shan as first female CEO to lead Southeast Asia's biggest bank

DBS Group said on Wednesday Tan Su Shan, its head of institutional banking, will succeed Piyush Gupta as CEO when he retires in March, making her the

Business|Economy|Finance

Who is Tan Su Shan, Singapore bank DBS's incoming CEO?

Singapore's DBS Group has appointed Tan Su Shan, currently its institutional banking group head, as CEO from March, replacing Piyush Gupta,

Business|Finance|MidEast

Bank of Singapore sees Middle East accounting for a fifth of assets over 3 to 5 years

Bank of Singapore aims to grow its business in the Middle East with the region contributing up to 20% of its overall revenue and private

Bank of Singapore sees Middle East accounting for a fifth of assets over 3 to 5 years
Asia|Business|Finance|Health

IHH Healthcare to acquire Malaysia's Island Hospital for $901 million

Malaysia's IHH Healthcare, an operator of private hospitals in Asia, said on Wednesday it is acquiring local private hospital chain Island Hospital in

IHH Healthcare to acquire Malaysia's Island Hospital for $901 million
Asia|Business|Finance|US

Nippon Steel's US setback a wake-up for Japan Inc's foreign forays

Japanese firms are set to scrutinise overseas deals more intently after U.S. resistance to Nippon Steel's $15 billion U.S.

Nippon Steel's US setback a wake-up for Japan Inc's foreign forays
Asia|Business|Economy|Finance

Bridgewater's Dalio and Singapore's GIC chief cautious on global outlook

Ray Dalio, founder of the world's largest hedge fund, and Lim Chow Kiat, the boss of Singapore's sovereign wealth fund GIC are increasingly cautious on the

Bridgewater's Dalio and Singapore's GIC chief cautious on global outlook
Asia|Economy|Finance

US rate cut, China stimulus spark hope for more Asia private equity deals

U.S. interest rate cuts and China's economic stimulus package for markets will be conducive to private equity deals in Asia, with lower funding

US rate cut, China stimulus spark hope for more Asia private equity deals
Asia|Business|Technology

KKR-backed Malaysian telecom infrastructure group OMS to revisit IPO plan 

By Yantoultra Ngui SINGAPORE - Malaysian telecom infrastructure and subsea cable services company OMS Group will revisit its plan for an initial public offering in the next few years and is not ruling

KKR-backed Malaysian telecom infrastructure group OMS to revisit IPO plan 

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