Leadership
‘Built to last’ Berkshire nears US$1 trillion valuation after record profit
WARREN Buffett-led Berkshire Hathaway inched closer to US$1 trillion market value on Monday (Fen 26), as the Class B shares of the investment conglomerate gained 5 per cent after...
Japan’s SMFG aims for three successive years of record profit, CEO says
SUMITOMO Mitsui Financial Group (SMFG) aims for three successive years of record net profit as Japan’s second-largest lender beefs up its business portfolio abroad including in India and the...
Not contented with pole position, BYD aims for bigger EV market share in Singapore
SINGAPORE’S top passenger electric vehicle (EV) seller BYD is aiming for a larger market share here as it sets to rev up the Chinese brand to become a better-known...
India central bank lifting curbs on forex non-deliverable forward arbitrage by banks
INDIA’S central bank is easing restrictions on banks’ arbitrage trades between the outright foreign exchange over-the-counter (OTC) and the non-deliverable forward (NDF) markets, four people familiar with the matter...
Chinese companies axe IPO plans amid listing scrutiny
COMPANIES have scrambled to scuttle plans for initial public offering in China this year as the securities watchdog tightens rules on share listings in a bearish market. Forty-seven companies...
DBS, Sheng Siong to engage up to 1,000 SMEs in sustainability partnership
DBS and Sheng Siong are planning to engage up to 1,000 small and medium enterprises (SMEs) in the supermarket operator’s supply chain network over the next two years, through...
Indonesia allocates 1.6 million tonnes for additional rice imports this year
INDONESIA has allocated an additional quota of 1.6 million tonnes of rice for import for this year on top of two million tonnes previously approved, an official said on...
Goldman Sachs, Mubadala ink US$1 billion private credit Asia-Pacific partnership deal
GOLDMAN Sachs and Abu Dhabi’s sovereign wealth fund Mubadala have struck a US$1 billion deal, signing a separately managed account in which the companies will co-invest in private credit...
