Petronas mulls over US$1 billion loan for Malaysian LNG project

Petronas mulls over US billion loan for Malaysian LNG project

MALAYSIA’S Petroliam Nasional is in talks with banks for a potential loan to fund a liquefied national gas (LNG) project, according to sources familiar with the matter. The state-owned company, commonly known as Petronas, is seeking project financing of over US$1 billion, said the sources, who asked not to be named discussing private matters. The…

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Honda ready to revive takeover talks if Nissan CEO Uchida leaves: report

Honda ready to revive takeover talks if Nissan CEO Uchida leaves: report

Nissan’s board of directors has also started informal discussions regarding the timing of Uchida’s departure HONDA Motor will resume talks with Nissan Motor to form the world’s fourth-biggest automaker provided Nissan CEO Makoto Uchida steps down, the Financial Times (FT) reported on Tuesday (Feb 18) citing a source familiar with discussions. Japan’s second and third-largest…

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TPG proposes to privatise Econ Healthcare in S$88 million deal

TPG proposes to privatise Econ Healthcare in S million deal

US private equity firm TPG, through its special purpose vehicle, is looking to take Catalist-listed nursing operator Econ Healthcare (Asia) private by way of a scheme of arrangement, in a near S$88 million deal. Incorporated in the Cayman Islands, the offeror Enabler Bidco is looking to acquire all of the issued shares of Econ Healthcare,…

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Virgin overtakes Qantas as Australia’s largest domestic airline

Virgin overtakes Qantas as Australia’s largest domestic airline

VIRGIN Australia overtook Qantas Airways to become Australia’s largest and most reliable airline at the end of last year, sending a warning to the marquee carrier and supporting a potential return to the stock market. Bain Capital-owned Virgin Australia garnered a domestic market share of 35 per cent as at December, surpassing Qantas’ 34.6 per…

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Singapore shares open flat on Tuesday

Singapore shares open flat on Tuesday

SINGAPORE shares started trading flat on Tuesday (Feb 18). As at 9.02 am, the Straits Times Index (STI) opened 0.03 points higher at 3,904.88. Across the broader market, gainers outnumbered losers 46 to 44 after 56.7 million securities worth S$78 million changed hands. Among the actively traded counters by volume was Suntec Real Estate Investment…

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Memo to Eric Adams’ critics: He’s a ‘hostage’ to New Yorkers’ will — not to Donald Trump

Memo to Eric Adams’ critics: He’s a ‘hostage’ to New Yorkers’ will — not to Donald Trump

Anyone who doubts that Democrats haven’t learned a thing from November’s presidential election need look no further than at the calls for Mayor Eric Adams’ ouster. Democrats are accusing him of being President Donald Trump’s’ “hostage,” because he’s offering to do what the prez wants — i.e., help him deport violent illegal migrants — allegedly…

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Shein executive seeks to reassure investors after Trump crackdown on low-value imports

Shein executive seeks to reassure investors after Trump crackdown on low-value imports

FAST-FASHION retailer Shein’s executive chairman Donald Tang told investors in a letter on Monday (Feb 17) that “growth remains strong” despite the United States ending the duty-free treatment of low-value e-commerce packages from China and hiking tariffs. Shein is working towards an initial public offering (IPO) in London, but US President Donald Trump’s decision to…

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