News
Toyota is backing LG battery plant with US$1.5 billion order
[ad_1] TOYOTA Motor has agreed to shift a US$1.5 billion order with LG Energy Solution to bolster operations at a Michigan battery plant after General Motors (GM) backed out of...
Cordlife expects to be in the red for FY2024; ‘no assurance’ of profitability in FY2025
[ad_1] PRIVATE cord-blood bank Cordlife expects to post a loss for the 2024 fiscal year due to the financial fallout from lapses discovered in the storage of its cord-blood units...
Tourism bounce helps Thai banks trim bad loans from three-year high
[ad_1] NON-performing loans at Thailand’s commercial banks dropped from a three-year high as a post-pandemic tourism recovery boosted debt repayment ability of hotels, restaurants and other travel-related businesses.
Bad loans totalled...
Robinhood expects to launch crypto products in Singapore in 2025
[ad_1] ROBINHOOD Markets plans to launch Singapore crypto offerings in 2025 through an entity of European digital-assets exchange Bitstamp, which it recently acquired.
The company intends to roll out the services...
Lights, camera, adios: Struggling Cathay Cineplexes to shutter West Mall outlet
[ad_1] ROLL the end credits – beleaguered cinema chain Cathay Cineplexes is closing its West Mall outlet on Thursday (Feb 20), the same day its lease at the Bukit Batok...
Singapore shares track regional gains on Tuesday; STI up 0.5%
[ad_1] Across the broader market, advancers outnumber decliners 322 to 231, after 1.4 billion shares worth S$1.4 billion change handsTHE Straits Times Index (STI) edged up on Tuesday (Feb 18),...
Asia: Tech rally helps Hong Kong lead markets higher
[ad_1] HONG Kong resumed its tech-led rally on a healthy day for Asian markets on Tuesday (Feb 18) as a meeting between President Xi Jinping and China’s top business leaders...
HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs: source
[ad_1] HSBC has laid off around 40 investment bankers in Hong Kong, according to a source with direct knowledge of the matter, as part of a global restructuring exercise at...
Australian central bank cuts rates for first time since November 2020
[ad_1] Inflation has dropped from a peak of 7.8 per cent in December 2022 and now sits at 2.4 per cent, according to the RBAAUSTRALIA’S central bank cut its key...
LG kicks off roadshows for US$1.5 billion India IPO
[ad_1] LG ELECTRONICS has started roadshows to meet potential investors in the initial public offering (IPO) of its Indian unit, sources familiar with the matter said.The South Korean company has...
