Real Estate
Saudi wealth fund’s returns boosted by global markets rally
SAUDI Arabia’s sovereign wealth fund said returns rose last year driven by local investments and gains on its international portfolio.The Public Investment Fund’s (PIF) annualised returns since 2017 rose...
Soft landing bets for US economy lift investor sentiment; STI up 0.1%
STI constituent Hongkong Land leads the gain, up 3.2%; Yangzijiang Shipbuilding is at the bottom, down 2.3% SINGAPORE shares rose on Monday (Aug 19), amid expectations of a soft...
Thailand’s Ratanarak Group buys out Jardine Cycle’s Siam City stake for US$354 million
Its controlling shareholder, Sunrise Equity, which is part of the Ratanarak Group made an offer for 76.1 million shares in Siam City for 160 baht apieceThe Ratanarak Group, which...
Singtel partners Bridge Alliance to offer GPU-as-a-Service in South-east Asia
AIS in Thailand, Malaysia’s Maxis and Telkomsel in Indonesia are among the early adopters of the offeringSINGTEL and Bridge Alliance – a mobile alliance with 35 member operators globally...
Chinese copper exports fall from record as local demand rebounds
CHINESE copper exports dropped last month from an all-time high, as domestic buyers took advantage of the metal’s rapid retreat in price.Exports of unwrought copper and products fell 40...
Memiontec husband and wife co-founders out on bail amid CAD, MAS probe
THE co-founders of water treatment company Memiontec have been released on bail after being interviewed by the Commercial Affairs Department (CAD). The interview was part of a joint investigation...
South Korean AI chip makers Rebellions and Sapeon agree to merge
SOUTH Korean artificial intelligence (AI) chip makers Rebellions and Sapeon Korea have signed a definitive merger agreement, the privately held companies said on Sunday (Aug 18).They announced merger negotiations...
Australia’s Westpac profit rises as margin pressure shows signs of easing
WESTPAC Banking’s profit edged higher as pressure on margins eased and mortgage lending grew faster than the wider industry, offsetting a fragile outlook for the nation’s economy. Unaudited net...
