Business
SeaMoney rebrands to Monee, opens new headquarters for Sea group’s digital financial services
It will set up centres of excellence in product management, artificial intelligence and anti-money laundering Sea’s digital financial…
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Business
Business
DBS loan demand to remain strong in H1, full-year growth likely at 5 to 6%: CEO Tan Su Shan
DBS expects its loan demand will remain strong in the first half of 2025, but warned that it may slow in the second half if the trade war…
Business
Indonesia reserves drop most in almost two years on rupiah woes
Bank Indonesia has stepped up intervention this year and last month began intervening in the offshore non-deliverable forwards market…
Business
US Fed rate pause keeps Asian markets steady, but watch out for tariffs: market observers
The US Federal Reserve keeping rates steady is a plus for stability in Asia’s financial markets, but trade uncertainty from tariffs…
Business
Thailand to shortlist central bank chief candidates by July 2, official says
A Thai selection committee plans to shortlist candidates to be the next central bank chief by Jul 2, an official said on Thursday (May 8),…
Business
EXCLUSIVE: Printemps on Wall Street Makes Change in Command
After just six weeks since its opening on Wall Street, Printemps is making a change of command in the U.S., WWD has learned. Thierry…
Business
Gold rises as Fed warns of economic uncertainty; Sino-US trade talks eyed
Gold prices climbed on Thursday (May 8) after the Federal Reserve warned of rising inflation and labour market risks fuelling economic…
Business
US Fed leaves interest rates unchanged, cites rising risk of higher inflation and unemployment
The Federal Reserve held interest rates steady on Wednesday but said the risks of higher inflation and unemployment had risen, further…
Business
Sigrid Nunez on the Beauty of Narrative Restraint
“Plot, shmot,” the writer and editor William Maxwell once said to John Updike. Sigrid Nunez couldn’t agree more. She used to tell her…
Business
Isetan Tampines to shutter in Nov 2025
Department store operator Isetan Singapore will close its outlet at Tampines Mall in November 2025, it announced on Tuesday (May 6).…
Business
US: Wall St opens higher on China trade de-escalation hopes, Fed decision
Wall Street’s main indexes opened slightly higher on Wednesday (May 7) as investors hoped for a de-escalation in trade tensions with…
Business
Lendlease Global Commercial Reit posts 10.4% retail rental aversion for Q3 FY2025
Lendlease Global Commercial Real Estate Investment Trust (LReit) on Wednesday (May 7) posted a positive retail rental reversion of 10.4…
Business
Grab looks to strike a deal to acquire Indonesia’s GoTo in Q2: sources
[SINGAPORE,HONG KONG] US-listed ride-hailing and food delivery firm Grab is looking to strike a deal to take over smaller Indonesian rival…
Business
Amara appoints W Capital Markets as IFA for offer from Hwa Hong-led consortium
Hotel group Amara on Wednesday (May 7) said it has appointed W Capital Markets as its independent financial adviser as it considers a…
Business
Potential solar boom in South-east Asia an opportunity to invest in storage systems
In the face of punishing solar tariffs from the US, South-east Asia has a silver lining: a glut in the supply of photovoltaic panels could…
Business
Alibaba, Xiaohongshu in tie-up as China e-commerce competition intensifies
Chinese e-commerce giant Alibaba is partnering with popular content platform Xiaohongshu to allow users on Xiaohongshu to directly click…
Business
Singapore-based biotech firm Nuevocor raises US$45 million in Series B round
Biotechnology company Nuevocor announced on Wednesday (May 7) that it completed a US$45 million Series B funding round from new and…
Business
Ex-Pavilion Energy chief Alan Heng to lead Singapore’s new central gas entity
Singapore has established a new government-owned entity to centralise natural gas procurement, and appointed Alan Heng, who previously led…
Business
Mitsubishi Motors signs MOU to outsource EV model development to Foxconn unit
Japanese automaker Mitsubishi Motors and Foxconn subsidiary Foxtron Vehicle Technologies have signed a memorandum of understanding (MOU)…
Business
Hong Kong dollar interest rate falls most since 2008 after intervention
The Hong Kong dollar’s funding costs plunged the most since 2008, as the monetary authority’s intervention to defend the currency peg…
Business
Lucien Pagès Communication, AIPR Partner on New Agency
LONDON — Lucien Pagès Communication and fellow agency AIPR are joining forces in an ever-more competitive climate for fashion and…
Business
EXCLUSIVE: More Executive Changes for Flos B&B Group as Arclinea Family CEO Steps Down
MILAN — Italian luxury design conglomerate Flos B&B Italia Group, which is said to be in the throes of a major phase of restructuring, on…
Business
EXCLUSIVE: Patrick Dempsey Named Face of Tag Heuer Eyewear
EYES ON THE ROAD: After more than a decade, Tag Heuer and Patrick Dempsey are shifting gears in their relationship. The actor and…
Business
Aims Apac Reit posts higher DPU of 2.6% on steady portfolio performance
The manager of Aims Apac Reit reported higher distribution per unit of S$0.096, up 2.6 per cent on the year for the second half ended Mar…