Posts by Yurie Miyazawa
Grab-GoTo merger talks face Indonesian regulatory hurdles: sources
[JAKARTA/SINGAPORE] Singapore-based Grab’s plan to acquire Indonesia’s GoTo to create a dominant South-east Asian ride hailing and food delivery company has run into regulatory hurdles, three sources said, casting a cloud over a potential deal. Reuters reported in May Nasdaq-listed Grab was looking to strike a deal to buy smaller rival GoTo in the second…
Read MorePrudential, AIA still offering pre-authorisation at Mount Elizabeth hospitals despite Great Eastern’s shock move
[SINGAPORE] Insurers in Singapore are not following Great Eastern’s footsteps to suspend pre-authorisation certificates for admission into Mount Elizabeth Hospital and Mount Elizabeth Novena Hospital. Prudential and AIA told The Business Times that they are still issuing pre-authorisation certificates for Mount Elizabeth hospitals. In a surprise move on Tuesday (Jun 17), Great Eastern announced the…
Read MoreChina’s EV powerhouse BYD accelerates into Europe’s heartland
[LONDON] A synchronised flock of drones lit up the sky above Rome’s Olympic Stadium last month to mark the European launch of the latest electric hatchback from Chinese carmaker BYD. Against the blackened night, the glowing orbs outlined an image of the new Dolphin Surf in front of classic Roman landmarks such as the Colosseum,…
Read MoreMicrosoft prepared to abandon high-stakes talks with OpenAI: report
The startup requires approval from the tech giant to complete its transition into a public-benefit corporation, which it believes will make it easier to raise more capital Published Thu, Jun 19, 2025 · 11:50 AM [BENGALURU] Microsoft is prepared to abandon its high-stakes negotiations with OpenAI over the future of its alliance, the Financial Times…
Read MoreAsia: Stocks drop after Fed warning, oil dips with Middle East in focus
[HONG KONG] Asian stocks fell on Thursday after the Federal Reserve warned Donald Trump’s trade war would likely reignite US inflation and dampen economic growth, while oil prices edged down as investors awaited developments in the Israel-Iran conflict. While geopolitical tensions are the key focus for markets, traders were also watching the US central bank’s…
Read MorePEC delists from SGX on Jun 19 after US$165 million acquisition by Liberty Energy Solutions
[SINGAPORE] Engineering company PEC has been delisted from the mainboard of the Singapore Exchange (SGX) as at 9 am on Thursday (Jun 19) after Alliance Energy Services’ offer to privatise the group via a scheme arrangement received shareholder approval in May. The scheme consideration, which amounts to S$0.84 per share and comprises a payment of…
Read MoreAlibaba Cloud to start second data centre in South Korea by June
The company operates 87 availability zones across 29 global regions and is China’s largest cloud provider Published Thu, Jun 19, 2025 · 10:47 AM [SEOUL] Alibaba Group Holding will open a second data centre in South Korea by the end of June, accelerating its multibillion-dollar bet on artificial intelligence (AI) and cloud computing. The new…
Read MoreSeatrium partners with Solvang, Norway to establish Carbon Capture and Storage systems
[SINGAPORE] Seatrium announced on Thursday (Jun 19) that it had signed of a letter of intent (LOI) with Solvang, Norway for the installation and retrofitting of full-scale Carbon Capture and Storage (CCS) systems. The project is expected to commence in late 2026, where Solvang’s new series of very large gas carriers, configured specifically for CCS…
Read MoreNAB pays A$751,200 penalty on breaches of consumer data rights rules
Published Thu, Jun 19, 2025 · 09:50 AM AUSTRALIA’S competition watchdog said on Thursday that the National Australia Bank had paid a fine of A$751,200 (S$629,000) over alleged breaches of consumer data right rules due to failures to disclose credit limit data. The penalty, which is the highest ever for alleged breaches of Consumer Data…
Read MoreStocks to watch: DBS, UOB, Sats, Far East Orchard, GuocoLand, Elite UK Reit
THE following companies saw new developments that may affect trading of their securities on Thursday (Jun 19): DBS: The lender inked a memorandum of understanding with the the Australian Trade and Investment Commission on Wednesday to deepen investment links between Australia and South-east Asia. The two will collaborate to help Australian companies expand into markets…
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