News
Indonesia plans US$8 billion refineries contract with US firm amid tariffs deal: sources
[ad_1] [JAKARTA] Indonesian sovereign wealth fund Danantara plans to sign a US$8 billion engineering, procurement and construction contract with US engineering firm KBR to build 17 modular refineries, according to...
Timing of JS-SEZ a lot more promising than some previous attempts: CIMB
[ad_1] [KUALA LUMPUR] The timing of the Johor-Singapore Special Economic Zone (JS-SEZ) is “a lot more conducive” today than some of the previous attempts to do something similar, said Chu...
Australia central bank wary of cutting rates too quickly, prudent to await more data
[ad_1] [SYDNEY] Australia’s central bank judged lowering interest rates for a third time within four meetings was not consistent with its strategy of easing in a cautious and gradual manner,...
Link Reit CEO George Hongchoy retires after 16 years at company
[ad_1] [SINGAPORE] The group CEO of Link Asset Management Limited, George Hongchoy, plans to step down before the end of June 2026.Hongchoy has held the CEO position for 16 years...
One of Singapore’s longest-running hedge funds is shutting down on US investor pullback
[ad_1] [SINGAPORE] One of Singapore’s longest-running hedge funds, New Silk Road Investment, is shutting down after weak returns and a pullback by US investors in Asia led to a sharp...
Advanced Systems lodges police report over former execs’ alleged offences, unauthorised fund transfers
[ad_1] [SINGAPORE] Catalist-listed Advanced Systems Automation (ASA) has lodged a police report with the Singapore Police Force over potential offences committed by its ex-chief executive officer and a former director....
Temasek proposes 5-year, 10-year and 30-year tranches of offshore Chinese yuan bonds
[ad_1] These will be issued under its US$25 billion guaranteed global medium-term note programme[SINGAPORE] Temasek announced on Tuesday (Jul 22) a proposed notes issuance in a five-year tranche, in addition...
China scion’s fight with half-siblings sends succession warning
[ad_1] [HONG KONG] For decades, Kelly Zong had been known as the only child to her late billionaire father, the founder of beverage empire Hangzhou Wahaha Group. His effort to...
UOBKH initiates coverage on Lum Chang Creations with “buy” call on strong growth outlook
[ad_1] [SINGAPORE] UOB Kay Hian (UOBKH) has initiated coverage on Lum Chang Creations (LCC), assigning the interior fit-out business a “buy” call and a S$0.39 price target on Monday (Jul...
Rupiah to consolidate before further gains, Citi strategist says
[ad_1] [JAKARTA] The Indonesian rupiah’s recent gains are set to pause in the coming month before advancing to levels last seen in December, according to the currency’s top forecaster.Emerging-market currencies,...
