Entrepreneurship
HG Metal subsidiary to buy industrial property in Tuas for S$20.8 million
[ad_1] [SINGAPORE] A unit of steel distributor HG Metal Manufacturing has exercised an option to purchase (OTP) to acquire an industrial property in Tuas for S$20.8 million, a move that...
Volkswagen budget cuts force battery unit to seek external funds
[ad_1] PowerCo is considering bank loans, external investors and a potential public offering [FRANKFURT] Volkswagen’s battery business is being forced to seek external financing after the German carmaker cut its...
Hong Kong’s financial resurgence fuelled by surge of offshore wealth
[ad_1] Strong net fund inflows of HK$7 trillion brought the city’s managed assets back up to HK$35.1 trillion at the end of 2024[HONG KONG] The turnaround in Hong Kong’s financial...
Bank Indonesia keeps rates steady, focuses on rupiah stability
[ad_1] The bank also leaves its deposit and lending rates unchanged at 3.75% and 5.50%, respectively[JAKARTA] Indonesia’s central bank held its policy rates unchanged for a third straight meeting on...
Hans Patuwo gets GoTo shareholders’ nod as CEO amid investor push for Grab deal
[ad_1] [JAKARTA] Shareholders of Indonesia’s digital giant GoTo Group have approved the appointment of Hans Patuwo as president director and chief executive officer. The appointment was approved at GoTo’s annual...
Louis Vuitton sues unit of SGX-listed ValueMax over alleged trademark infringement
[ad_1] [SINGAPORE] Global luxury and fashion goods company Louis Vuitton has sued a wholly owned subsidiary of mainboard-listed ValueMax Group in the Singapore High Court for trademark infringement and passing...
Apollo weighs potential US$12 billion sale of Atlas Air
[ad_1] [NEW YORK] Apollo Global Management is exploring a potential sale of its aviation company Atlas Air Worldwide Holdings, according to sources familiar with the matter.The US investment firm is...
Quadria Capital expands into the Middle East with new Dubai office
[ad_1] [SINGAPORE] Healthcare-focused private equity firm Quadria Capital has expanded into the Middle East with a new Dubai office.This comes on the back of its partial exit from its portfolio...
S&P Global shifts Genting companies’ outlook to negative on weaker credit quality forecasts
[ad_1] Group capital expenditure could double in 2026, with earnings ‘unlikely’ to keep pace [SINGAPORE] S&P Global Ratings revised its outlook for the Genting group of companies to “negative”, citing...
Visa offers stablecoin settlement for US banks using Circle’s USDC
[ad_1] [NEW YORK] Visa is opening its US network to stablecoin settlement, expanding crypto-linked products and services enabled by the relaxed regulatory environment under the second Trump administration.The global payments...
