Tag: billion
Intel to invest $9.7 billion in new chip plant in Malaysia, creating 9,000 jobs
KUALA LUMPUR (REUTERS, BLOOMBERG) – Intel will invest RM30 billion (S$9.7 billion) to build a new chip-packaging and testing factory in Malaysia, chief executive Pat Gelsinger […]
AIA sells out of almost $13.7 billion of coal investments
HONG KONG (BLOOMBERG) – AIA Group has sold off almost US$10 billion (S$13.6 billion) of investments in coal mining and coal-fired power businesses as pressure […]
Evergrande block trades show major holder sells at 20% discount
HONG KONG (BLOOMBERG) – A flurry of large trades in China Evergrande Group on Thursday (Nov 25) suggested a large institutional holder agreed to a […]
Singapore draws $3.7 billion in fixed asset investment commitments in Q3
SINGAPORE – Fixed asset investment (FAI) commitments in Singapore rose to $3.7 billion in the July to September period this year, according to the Ministry […]
Evergrande sells entire stake in China’s Netflix for $370.8 million
BENGALURU (REUTERS) – Cash-strapped developer China Evergrande Group said on Thursday (Nov 18) it is selling its entire stake in film and television streaming company HengTen […]
ST Engineering snags over $1.8 billion in new contracts for Q3
SINGAPORE (THE BUSINESS TIMES) – ST Engineering reported more than $1.8 billion in new contracts in the third quarter of the 2021 financial year, bringing […]
Mobile payments firm Paytm kicks off India’s biggest IPO
MUMBAI (AFP) – India’s biggest-ever initial public offering (IPO) opens on Monday (Nov 8) with digital payments platform Paytm looking to raise nearly US$2.5 billion […]
The One Enterprise (SET: ONEE) debuts ONEE shares on first trading day
– Leveraging leadership in Thailand’s integrated media and entertainment business– With outstanding and distinctive business model, and long-term sustainable growth– Determined to create quality contents […]
Singapore banks well placed to gain from economic rebound, rising rates
SINGAPORE – On Friday (Nov 5), DBS Bank was the latest of the three local banks to report robust quarterly profit. South-east Asia’s largest lender […]
UOB Q3 profit jumps 57% to $1.05 billion, above estimates
SINGAPORE – UOB’s earnings continued to rebound from last year on the back of loan growth and sustained fee income, as well as lower allowances. […]
OCBC Q3 profit up 19% to $1.22 billion, beating forecasts
SINGAPORE – OCBC Bank’s earnings have continued to bounce back from the troughs of the pandemic despite lingering Covid-19 uncertainties. The bank posted on Wednesday […]
Top executives of Temasek-backed Ola to exit ahead of potential IPO
BENGALURU (REUTERS) – SoftBank Group-backed Indian ride-hailing firm Ola is set to lose two top executives, according to an internal memo seen by Reuters, ahead […]
Iata projects travel recovery in 2022, calls for border restrictions to be eased
There is little evidence to support ongoing strict border restrictions, said the International Air Transport Association (Iata), as it projected a recovery for the long-suffering […]
Singtel to sell 70% stake in Australian tower assets for $1.87b; enters new regional tie-ups
SINGAPORE (THE BUSINESS TIMES) – Singtel on Friday (Oct 1) announced a conditional agreement to sell a 70 per cent stake in Australia Tower Network […]
Singtel commits US$405 million to Bharti Airtel’s rights issue
SINGAPORE (THE BUSINESS TIMES) – Singtel on Thursday (Sept 23) said it intends to exercise its full rights entitlement for its direct 14 per cent […]
China injects $25 billion into banking system during Evergrande crisis
HONG KONG (BLOOMBERG) – China’s central bank boosted its gross injection of short-term cash into the financial system after concern over a debt crisis at […]