News
Warburg Pincus invests in corporate services firm Acclime, valuing it at US$1 billion
The private equity firm beat rival firms Carlyle Group, Blackstone, KKR and TPG in a bidding race[SINGAPORE] American private equity firm Warburg Pincus on Wednesday (Dec 17) announced that...
Bank Indonesia keeps rates steady, focuses on rupiah stability
[JAKARTA] Indonesia’s central bank kept its policy rates unchanged for a third straight policy meeting on Wednesday, maintaining its focus on supporting the rupiah currency while it assesses the...
Louis Vuitton sues unit of SGX-listed ValueMax over alleged trademark infringement
[SINGAPORE] Global luxury and fashion goods company Louis Vuitton has sued the wholly-owned subsidiary of mainboard-listed ValueMax Group in the Singapore High Court for trademark infringement and passing off.Louis...
Chip-sector linchpin Resonac seeks to tap China’s AI ambitions
Japan is home to a network of little-known companies that dominate in key materials that are indispensable for semiconductor manufacturing[HONG KONG] Semiconductor materials linchpin Resonac Holdings is eyeing solid...
Tada commits S$1 million to put brakes on high-commission models
The initiative aims to reverse falling driver earnings and rising ride-hail prices[SINGAPORE] Ride-hailing platform Tada has set its sights on its rivals like Grab and GoJek with a new...
Oil jumps as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela
[TOKYO] Oil prices climbed sharply on Wednesday after US President Donald Trump ordered “a total and complete” blockade of all sanctioned oil tankers entering and leaving Venezuela, raising fresh...
China lowers EU pork tariffs in final ruling after 18-month probe
Importers will receive a refund on the difference between the rates paid since September.[BEIJING/MADRID] China on Tuesday (Dec 16) sharply reduced tariffs on European Union pork imports worth over...
Singapore inventor wins High Court suit against rivals who passed off similar doors as his design
The Malaysian company by Ng’s former employee Goh Song Guan, manufactures a similar slide-and-swing door known as “SD Door”[SINGAPORE] A Singapore inventor behind a space-saving door system widely used...
China’s market revival hinges on gloomy economy turning corner
[BEIJING] China’s markets shed the “uninvestable” tag this year. To bury it for good, investors say an acceleration in the domestic economy is needed so the bullishness does not...
SBI Shinsei Bank soars 11% from IPO price in Tokyo trading debut
The lender’s listing has boosted the total volume in the country’s IPO market to a seven-year high[TOKYO] SBI Shinsei Bank surged as much as 11 per cent in its...
