Leadership

Red Sea ships attacks push 47% more crude oil, fuels around Africa
Red Sea ships attacks push 47% more crude oil, fuels around Africa
June 11, 2024
GLOBAL crude oil and oil products shipments taking the long route between Asia, the Middle East and the West is up 47 per cent since attacks began on vessels...
Evergrande EV warns of losing key assets as local governments demand subsidy repayment
Evergrande EV warns of losing key assets as local governments demand subsidy repayment
June 11, 2024
CHINA Evergrande New Energy Vehicle Group faces the risk of losing assets such as land and equipment, the company said on Tuesday (Jun 11), as local administrative bodies demand...
Sabana Reit’s tenant in Tuas Avenue 8 placed under provisional liquidation
Sabana Reit’s tenant in Tuas Avenue 8 placed under provisional liquidation
June 11, 2024
THE tenant of Sabana Industrial Real Estate Investment Trust : M1GU 0% (Sabana Reit) at 30 and 32 Tuas Avenue 8 has been placed in provisional liquidation.The Reit’s manager...
Singapore’s Tolaram to buy Diageo’s shareholding in Guinness Nigeria
Singapore’s Tolaram to buy Diageo’s shareholding in Guinness Nigeria
June 11, 2024
SINGAPORE-BASED consumer group Tolaram on Tuesday (Jun 11) agreed to buy Diageo’s 58.02 per cent shareholding in Guinness Nigeria and enter into long-term licence and royalty agreements, the Nigerian...
ECB must neither rush nor dally after decisive cut, Villeroy says
ECB must neither rush nor dally after decisive cut, Villeroy says
June 11, 2024
THE European Central Bank (ECB) should neither rush nor procrastinate over future interest-rate cuts after a “decisive orientation” to start loosening last week, Bank of France Governor Francois Villeroy...
US plans to award US.9 million to Rocket Lab to boost chips for satellites, spacecraft
US plans to award US$23.9 million to Rocket Lab to boost chips for satellites, spacecraft
June 11, 2024
THE US Commerce Department said on Tuesday (Jun 11) it planned to award Rocket Lab US$23.9 million to dramatically boost compound semiconductors used in satellites and spacecraft.The award for...
Daiwa Securities to buy Aozora Bank stake from activist fund
Daiwa Securities to buy Aozora Bank stake from activist fund
June 11, 2024
DAIWA Securities Group said it will increase its stake in Japan’s unprofitable Aozora Bank. The brokerage’s shares tumbled 4.6 per cent. Daiwa will buy 9.1 per cent of the...
Siemens Energy eyes biggest wind turbine to rival China
Siemens Energy eyes biggest wind turbine to rival China
June 11, 2024
SIEMENS Energy has told customers it plans to produce its biggest wind turbine, potentially towards the end of the decade, as the company seeks to maintain its lead in...
Australian dance teacher on board SQ321 left paralysed from chest down
Australian dance teacher on board SQ321 left paralysed from chest down
June 11, 2024
AN AUSTRALIAN dance teacher on board Singapore Airlines flight SQ321 will never be able to dance again after suffering severe spine injuries on the turbulence-hit aircraft.Kerry Jordan, 52, also...
Philippine central bank wants inflation firmly settled near target midpoint, governor says
Philippine central bank wants inflation firmly settled near target midpoint, governor says
June 11, 2024
THE Philippine central bank wants inflation firmly settled near the middle of its 2.0 to 4.0 per cent target range, its governor said on Tuesday.“We are hawkish, but less...