Real Estate
Indonesia approves development plan for Eni’s Geng North gas project
INDONESIA has approved a development plan for the first phase of the Geng North gas field operated by Italy’s Eni in the Makassar Strait, the upstream oil and gas...
Sembcorp resumes operations of Myanmar power plant
SEMBCORP Industries has resumed operations of the company’s Myingyan Independent Power Plant in Mandalay, Myanmar. In a bourse filing on Friday (Aug 23), the company said that this follows...
HSBC to double UK wealth business as banks target ‘mass affluent’
HSBC aims to double the assets under management (AUM) in its British wealth business to £100 billion (S$171.5 billion) in the next five years, the division’s head told Reuters,...
Gold edges higher ahead of Powell’s speech, but set for weekly fall
GOLD prices inched higher on Friday, but were set for a weekly loss as investors looked forward to US Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, Wyoming, for...
Australian regulator increases capital add-on requirement for ANZ to A$750 million
AUSTRALIAN prudential regulator on Friday (Aug 23) said it has increased the capital add-on requirement for lender ANZ Group to A$750 million (S$658.5 million), reflecting escalating worries about the...
Vietnam’s move to source renewables directly a big boost to energy independence
The move is critical for the regional manufacturing hub to realise its ambition of hosting more global high-tech firms [HO CHI MINH CITY] Vietnam’s new regulations on direct power purchase agreement (DPPA) for renewable energy...
Hong Kong Airlines eyes used Boeing 787s in long-haul reboot
Hong Kong Airlines is looking to add second-hand Boeing 787 Dreamliner jets in an effort to revive its long-haul ambitions after its previous ill-fated intercontinental push nearly sunk the...
Walmart’s doing so well in China it doesn’t need JD.com anymore
WALMART is flying so high on the strength of its Chinese operations that it’s exited a long-time local partnership, an outlier in a consumer landscape that’s increasingly hostile to...
