Fashion
ComfortDelGro and Pony.ai get green light to test self-driving shuttles on public roads in Punggol
[SINGAPORE] The Land Transport Authority (LTA) of Singapore has given its approval to transport operator ComfortDelGro and its autonomous vehicle (AV) partner Pony.ai to begin testing their AV shuttles...
HSBC’s senior bankers hid behind co-head roles, CEO Georges Elhedery says
Since taking charge, he has nearly halved the size of the bank’s operating committee[LONDON] HSBC’s chief executive officer Georges Elhedery said not enough executives were fully accountable for the...
3 Keppel subsidiaries put up for voluntary liquidation
The wholly owned units are Keppel Enterprise FinHub, Keppel Enterprise Services, and Keppel People Services[SINGAPORE] Asset manager Keppel said on Wednesday (Dec 10) that three of its wholly owned...
SGX’s November securities turnover value up 18%, driven by index stocks and Reits
[SINGAPORE] The trading value and volume of securities on the Singapore Exchange (SGX) rose in November, driven by interest in index stocks and real estate investment trusts (Reits). The...
12,000 Marriott suppliers in Singapore, Malaysia, Indonesia to get same-day invoice financing by OCBC
The partnership gives the hospitality group’s SME suppliers quick and seamless access to capital, and enables them to be more sustainable[SINGAPORE] OCBC and Marriott International have formed a strategic...
Nintendo sheds US$14 billion value after chip squeeze fears grow
The gaming pioneer faces rising memory costs, which threaten to impair margins for its Switch 2 console [HONG KONG/TOKYO] Nintendo’s shares fell as much as 4.7 per cent on...
Amazon to invest over US$35 billion in India on AI, exports
[BENGALURU] Amazon plans to invest more than US$35 billion in India by 2030 to expand its operations by boosting artificial intelligence (AI) capabilities and increasing exports, the US e-commerce...
Olam unit bags US$1.12 billion dual currency loan facility
It will be used to refinance ofi’s existing loans and for general corporate purposes[SINGAPORE] Agribusiness conglomerate Olam Group said on Wednesday (Dec 10) that its wholly owned subsidiary, Olam...
Asian stocks in retreat as traders eye Fed decision, tech earnings
ASIAN markets retreated on Wednesday following a tepid day on Wall Street as investors bided their time ahead of a highly anticipated Federal Reserve policy announcement later in the...
Temasek-owned SeaTown raises about US$900 million as of second close of third private credit fund
This comes four months after its first close of over US$612 million back in August[SINGAPORE] SeaTown, owned by Temasek’s asset management group Seviora, has raised about US$900 million as...
