Leadership
Olam Agri obtains US$550 million loan facility
OLAM Group’s indirect 64.6 per cent-owned subsidiary, Olam Agri, has secured a loan facility of US$550 million (S$743.7 million), said the group on Tuesday (Jun 25). The revolving credit...
City Developments takes out S$400 million sustainability-linked loan from DBS
CITY Developments (CDL) has secured a S$400 million sustainability-linked loan from DBS to advance nature conservation and sustainable development in Singapore.On Tuesday (Jun 25), both parties said the loan...
Jasper Investments to acquire marine engineering company with additional S$13 million fundraise
JASPER Investments announced that it has agreed to acquire a 51 per cent stake in Prosper Excel Engineering for S$7.5 million. The acquisition will be funded by proceeds from...
Charting big tech’s US$70 billion spending spree in South-east Asia
A WHIRLWIND tour of Malaysia, Singapore, and Vietnam all in less than a week.
Sounds like the tour schedule of BTS or another K-pop supergroup? Well, this was the trip...
Fearing losses, banks are quietly dumping real estate loans
SOME Wall Street banks, worried that landlords of vacant and struggling office buildings won’t be able to pay off their mortgages, have begun offloading their portfolios of commercial real...
Stocks to watch: OCBC, Great Eastern, SingPost, Best World, Cordlife
THE following companies saw new developments that may affect trading of their securities on Tuesday (Jun 25):
OCBC, Great Eastern: OCBC and concert parties have garnered 90.16 per cent...
Apple spurned idea of iPhone AI partnership with Meta months ago
APPLE rejected overtures by Meta Platforms to integrate the social networking company’s artificial intelligence (AI) chatbot into the iPhone months ago, according to sources with knowledge of the matter....
Nvidia enters correction territory as slump erases US$430 billion
NVIDIA shares entered correction territory on Monday (Jun 24), as an ongoing sell-off erased a historic amount of value for the artificial intelligence (AI) focused chipmaker.
The stock fell 6.7...
