Entrepreneurship
HG Metal subsidiary to buy industrial property in Tuas for S$20.8 million
[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...
Singapore stocks slip despite improved 2026 growth outlook; STI down 0.1%
[SINGAPORE] Singapore stocks ended lower on Wednesday (Dec 17), even as private-sector economists turned more optimistic about the Republic’s growth outlook for 2026.The benchmark Straits Times Index fell 0.1...
Hong Kong’s financial resurgence fuelled by surge of offshore wealth
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...
Gold could hit US$5,000 an ounce in 2026 if risk hedging persists: market watchers
Returns are expected to moderate for the precious metal in the new year, say analysts[SINGAPORE] Gold has surged more than 60 per cent since the beginning of 2025 –...
Top Hong Kong crypto exchange HashKey makes market debut
[HONG KONG] Hong Kong’s biggest licenced cryptocurrency exchange began trading on Wednesday (Dec 17) as the city pushes to become a global hub for the technology despite Beijing’s tough...
Hans Patuwo gets GoTo shareholders’ nod as CEO amid investor push for Grab deal
[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...
Singapore to pilot ‘overhang’ solar power structure, as it nears deployment target
The Republic is more than halfway to its 2 GWp target, equivalent to the annual electricity needs of about 350,000 households[SINGAPORE] Industrial landlord JTC on Wednesday (Dec 17) launched...
Amazon in talks to invest in OpenAI, source says
AMAZON is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over US$500 billion, a source...
Quadria Capital expands into the Middle East with new Dubai office
[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
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...
