US finalises more than US$6.1 billion chips subsidy for Micron Technology

US finalises more than US.1 billion chips subsidy for Micron Technology

THE US Department of Commerce has finalised a subsidy of more than US$6.1 billion for memory chip maker Micron Technology to support the construction of several domestic semiconductor facilities, according to a White House statement on Tuesday (Dec 10). The investment, unchanged from the amount originally announced in April, marks one of the largest government awards to…

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Global airlines forecast US$1 trillion 2025 revenue despite plane shortage

Global airlines forecast US trillion 2025 revenue despite plane shortage

GLOBAL airlines body International Air Transport Association (Iata) forecast industry-wide 2025 revenue of more than a trillion US dollars and record passenger numbers, despite what its chief Willie Walsh said on Tuesday (Dec 10) were “unacceptable” difficulties in securing new planes. Airlines around the world have seen their growth hampered by delays in jet deliveries…

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SGX securities turnover value rises 51% in November; volume up 12% 

SGX securities turnover value rises 51% in November; volume up 12% 

THE Singapore Exchange’s (SGX) total securities market turnover value rose 51 per cent year on year (yoy) to S$30.2 billion for November, based on the bourse operator’s monthly market statistics report released on Monday (Dec 9).  This represented a 12 per cent rise from October’s S$26.9 billion. November’s total market volume stood at 28.1 billion…

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DBS, Japan’s top lenders said to be among bidders for Panin Bank

DBS, Japan’s top lenders said to be among bidders for Panin Bank

ASIAN banks including DBS Group Holdings, Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group are among potential suitors for Bank Pan Indonesia, according to sources familiar with the matter. The three lenders have submitted separate preliminary proposals to buy the Jakarta-listed bank known as Panin Bank, the sources said, asking not to be…

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