Lifestyle
Temasek to divest entire stake in Pavilion Energy to Shell
TEMASEK’s indirect wholly owned subsidiary, Carne Investments, will sell its entire stake in Pavilion Energy to Shell Eastern Trading, a subsidiary of the global oil giant.Pavilion Energy, a Singapore-based...
Singapore’s May air freight jumps 20%; port’s box throughput highest this year
THE congestion at sea has benefited air transport, with Singapore’s Changi Airport reporting a 20 per cent year-on-year jump in air freight handled to 170,000 tonnes in May, from...
Thai central bank chief warns against inflation target reset
THAILAND’S central bank governor warned that any move to raise the monetary authority’s inflation target may unanchor expectations and result in quickening price gains, which carries risks for economic...
Singapore-based Trafigura tops inaugural Fortune 500 ranking for S-E Asia
COMMODITY trader Trafigura has come in first on the inaugural South-east Asian edition of the Fortune 500 list, a ranking of the largest companies by revenue. On Tuesday (Jun...
Australia will launch ‘holistic’ payments review under new remit
AUSTRALIA’S central bank is working with the government to modernise the country’s regulatory framework for retail payments, following which it will launch a “holistic review” of the sector, a...
US Surgeon General calls for social media warning labels to protect adolescents
US SURGEON General Vivek Murthy on Monday called for a warning label to be added to social media apps as a reminder that those platforms have caused harm to...
US: Nasdaq, S&P 500 close at new record highs
WALL Street stocks began the week on a strong note, with both the S&P 500 and Nasdaq finishing at fresh records spurred by continued enthusiasm over artificial intelligence.The tech-rich...
Apple to discontinue ‘buy now, pay later’ service in US as it plans new loan programme
APPLE on Monday (Jun 17) said it will discontinue its “buy now, pay later” (BNPL) service in the United States as it launches a new loan programme.Users will be...
Serial Achieva seeks access to capital markets to grow regional IT distribution business
IN its bid to grow in South-east Asia, IT products and computer peripherals distributor Serial Achieva is seeking access to capital markets through a reverse takeover (RTO) transaction with...
Sabana Reit manager, trustee deny allegations that bond issuance impedes internalisation or is ‘highly abnormal’
THE manager and trustee of Sabana Industrial Real Estate Investment Trust (Sabana Reit) have hit back at claims that its upcoming sustainability-linked bond issuance could put the Reit in...