Uncategorized
Saudi Wealth Fund, Singapore’s PSA consider Global Ports IPO
SAUDI Global Ports, which is owned by the kingdom’s sovereign wealth fund and Singapore’s PSA International, is considering an initial public offering in Riyadh, according to people familiar with...
New bids in to revive KL-Singapore high-speed rail, but govt funding remains missing link
MALAYSIA’S plan to revive the Kuala Lumpur-Singapore high-speed rail (HSR) by relying wholly on private sector financing is unlikely to get off the ground, say industry insiders, with fresh...
Dubai airport passenger numbers top pre-pandemic levels in 2023
DUBAI International Airport (DXB), the world’s busiest international hub, registered a 31.7 per cent increase in passenger traffic last year to 86.9 million, surpassing pre-pandemic levels, operator Dubai Airports...
Jefferies stops coverage on Paytm until regulatory issues ease
JEFFERIES Financial Group has become the first major foreign brokerage to drop coverage on Paytm-operator One 97 Communications until the news flow around the struggling Indian fintech major “settles...
US to soften tailpipe rules, slow EV transition through 2030
UNITED States President Joe Biden’s administration is set to ease proposed yearly requirements through 2030 of its sweeping plan to aggressively cut tailpipe emissions and ramp up electric vehicle...
Chemical Industries refutes allegations of providing ‘post-retirement perks’ to co-founder
CHEMICAL Industries’ co-founder Lim Soo Peng has a dedicated office and is driven by a company employee in his personal car, but the group maintains that such perceived “perks”...
Oil down in thin trade as US gears up for Presidents’ Day
OIL prices edged down on Monday morning as markets digested comments from US Federal Reserve officials pointing to a more patient stance regarding potential interest rate cuts, in thin...
Sustainable Air Hub Blueprint sets out Singapore’s route to net-zero aviation by 2050
One key airline initiative is a blanket flight levy to support the use of sustainable aviation fuel (SAF). Derived from renewable sources – including agricultural residue and waste oils...
