Posts by Stephanie Irvin
Saudi Aramco could tap debt markets again after US$5 billion bond sale
Published Fri, May 30, 2025 · 09:10 PM [DUBAI] Saudi Aramco has published a new prospectus for its issuance programme of Islamic bonds or sukuk, signalling the state oil major may soon tap the debt markets again after it raised US$5 billion from a three-part bond sale this week. The prospectus, submitted to the London…
Read MoreWee Hur sets up S$500 million medium-term note programme
Notes to be issued may be in Singapore dollars or any other currency, in various amounts and tenors, and may bear interest at fixed, floating or hybrid rates or not bear any interest [SINGAPORE] Property company Wee Hur has established a S$500 million multi-currency medium term note programme, it said via a bourse filing on…
Read MoreMacDermid Alpha Electronics Solutions expands Singapore production facility
[SINGAPORE] Electronics manufacturer, MacDermid Alpha Electronics Solutions, announced on Friday (May 30) the completion of its expanded production facility in Tuas. The expansion aims to scale up the production of Agromax – its flagship silver sintering paste, which is used for bonding electrical components and creating electrical connections. In response to media queries, Tom Hunsinger,…
Read MoreJoint venture by Boustead Projects’ unit clinches JTC tender to develop industrial facility on Tukang Innovation Drive site
The site is the first under the industrial government land sales programme to be awarded with an additional three years of lease [SINGAPORE] A joint venture of Boustead Projects’ wholly owned subsidiary was awarded a tender by JTC Corporation on Friday (May 30) to develop an industrial facility on a land parcel under the Industrial…
Read MoreAI to send Asia’s data centre spending and power needs up; Morgan Stanley picks the winners
[SINGAPORE] Data centre investments in Asia will likely double to US$200 billion by 2030, as the rising use of artificial intelligence (AI) will powers the demand for digital infrastructure and electricity, say Morgan Stanley analysts. In a report on Monday (May 26), the bank said the surge in capital expenditure is set to tighten regional…
Read MoreUS regulator drops lawsuit against Binance
Published Fri, May 30, 2025 · 11:51 AM [WASHINGTON] The US Securities and Exchange Commission (SEC) on Thursday dropped its civil lawsuit against the cryptocurrency exchange Binance and its majority shareholder, Changpeng Zhao. “In the exercise of its discretion and as a matter of policy, the Commission deems it appropriate to dismiss this litigation,” the…
Read MoreMicrosoft touts AI sales at town hall, reveals Barclays contract
MICROSOFT touted its progress selling artificial intelligence tools to corporate customers during a companywide town hall on Thursday, including a major deal with Barclays. Chief commercial officer Judson Althoff told employees that Barclays agreed to buy 100,000 licenses for Microsoft’s Copilot AI assistants, according to people familiar with the event. Althoff also said multiple dozen…
Read MoreBank of England’s Bailey says uncertain outlook demands careful approach to rate cuts
[DUBLIN] Bank of England Governor Andrew Bailey said on Thursday that the central bank’s “gradual and careful” approach to future interest rate cuts was justified by ongoing uncertainty about the global trade picture and its impact on domestic inflation. “Reading that is very hard at the moment…. It’s why we keep using, as you know,…
Read MoreUS judge sentences ex-Goldman Sachs banker to two years over 1MDB scandal
[NEW YORK] A US judge on Thursday sentenced a former Goldman Sachs banker central to the 1MDB scandal to two years in prison after prosecutors argued for leniency due to his cooperation. Timothy Leissner, a key architect of the massive bribery and kickback scheme involving a Malaysian sovereign wealth fund, will begin serving a 24-month…
Read MoreBusinesses tackling Asia’s ageing crisis awarded S$3 million at DBS Foundation’s Impact Beyond Awards
[SINGAPORE] Smart emergency-response devices available round the clock and using artificial intelligence (AI) to help clients match with caregivers were among the four ideas that won the DBS Foundation’s inaugural Impact Beyond Awards. They were unveiled during the DBS Foundation Impact Beyond Dialogue on Thursday (May 29). Collectively, the winners will receive S$3 million from…
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