Posts by Riah Marton
Indonesia plans US$8 billion refineries contract with US firm amid tariffs deal: sources
[JAKARTA] Indonesian sovereign wealth fund Danantara plans to sign a US$8 billion engineering, procurement and construction contract with US engineering firm KBR to build 17 modular refineries, according to two sources familiar with the matter and an official economic ministry presentation seen by Reuters. The contract is part of last week’s trade pact between Indonesia…
Read MoreLink Reit CEO George Hongchoy retires after 16 years at company
[SINGAPORE] The group CEO of Link Asset Management Limited, George Hongchoy, plans to step down before the end of June 2026. Hongchoy has held the CEO position for 16 years and will stay on in the role while it searches for a successor, said the property firm in a press release on Tuesday (Jul 22).…
Read MoreGoogle and OpenAI’s AI models win milestone gold at global math competition
[SAN FRANCISCO] Alphabet’s Google and OpenAI said their artificial intelligence (AI) models won gold medals at a global mathematics competition, signalling a breakthrough in math capabilities in the race to build powerful systems that can rival human intelligence. The results marked the first time that AI systems crossed the gold-medal scoring threshold at the International…
Read MoreChina’s Cosco eyes veto rights in deal for Li Ka-shing’s ports
[HONG KONG] China’s biggest shipping company is set to join the global consortium that’s acquiring Hong Kong tycoon Li Ka-shing’s overseas ports, and is requesting a powerful role in the group in order to secure Beijing’s blessing for the controversial deal, sources familiar with the matter said. State-owned China Cosco Shipping is asking to have…
Read MoreAsia: Stocks mixed with trade and earnings in focus; Tokyo reopens with gains
[HONG KONG] Asian markets were mixed on Thursday as traders kept an eye on earnings from Wall Street titans this week while tracking US trade talks just over a week before the deadline for a deal. Japanese stocks edged up and the yen held gains after Prime Minister Shigeru Ishiba said he will stay in…
Read MoreChina’s overcapacity drive faces stubborn oil-refiner revival
[BEIJING] China’s oil refining sector is once again showing its knack for survival just as Beijing seeks to tackle industrial overcapacity. Of three small refiners in Shandong province that went bankrupt last year, one has resumed operations under a new owner and the other two are in talks that could see them return, according to…
Read MoreMalcolm-Jamal Warner Shared How He Wanted to Be Remembered 2 Months Before Death
More insight into Malcolm-Jamal Warner‘s final days have been uncovered. Two months before his tragic passing following an accidental drowning, the Cosby Show alum—who played Theodore Huxtable on the NBC sitcom—gave his final public interview, in which he got candid about how he hoped to be remembered after he died. “I will be able to…
Read More1000-Lb. Sisters’ Tammy Slaton Wears Body-Hugging Shapewear After Skin Removal Surgery
“I was really nervous for the skin removal surgery because I was really just kind of afraid of how I’m gonna feel looking at myself without the belly there,” Tammy continued. “The night before my surgery, I was seriously freaking terrified.” She added, “I was even more nervous about having skin removal surgery than I…
Read MoreUOBKH initiates coverage on Lum Chang Creations with ‘buy’ call on strong growth outlook
[SINGAPORE] UOB Kay Hian (UOBKH) has initiated coverage on Lum Chang Creations (LCC), assigning the interior fit-out business a “buy” call and a S$0.39 price target on Monday (Jul 21), the day it debuted on the Singapore Exchange’s Catalist board. The price target represents an upside of 56 per cent from LCC’s initial public offering…
Read MoreUS Treasury’s Bessent calls for review of Fed non-monetary policy operations
[WASHINGTON] US Treasury Secretary Scott Bessent said the Federal Reserve’s vital independence on monetary policy is threatened by its “mandate creep” into non-policy areas and he called on the US central bank to conduct an exhaustive review of those operations. The Fed’s autonomy “is threatened by persistent mandate creep into areas beyond its core mission,…
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