Aims
China’s SAIC aims to slash jobs at GM, VW ventures and EV unit, sources say
CHINA’S SAIC Motor aims to cut thousands of jobs this year at its joint ventures with General Motors and Volkswagen and at an electric-car unit, two people with knowledge...
ANZ aims to open operation at India’s Gift special economic zone
ANZ Group Holdings is seeking to open an operation in India’s Gift International Financial Services Centre, according to people familiar with the matter.
The multinational bank has applied to the...
OCBC aims to quadruple number of cross-border QR payments in 2024
OCBC announced on Tuesday (Mar 26) that it expects to facilitate 250,000 cross-border QR payments this year, four times the number of such transactions in 2023.The bank said in...
World Gold Council chief aims to make gold as attractive and liquid as swaps
WHILE gold is often considered a safe-haven asset, the precious yellow metal falls short of being classified as a “high-quality liquid asset”, which is a key factor deterring investors,”...
Alibaba-backed fintech Akulaku secures HSBC financing, aims for double-digit growth
SOUTH-EAST Asian online lending platform Akulaku, which is backed by China’s Alibaba, secured US$100 million of debt financing from London-based HSBC, Akulaku’s CEO said, as it aims to make...
JSW Group-MG Motor venture aims to sell 1 million EVs in India by 2030
THE joint venture between India’s JSW Group and MG Motor, which is owned by China’s SAIC Motor, is targeting one million electric vehicles (EVs) sold in India by 2030,...
Top Glove trims Q2 loss to RM51.2 million, aims to return to profit in 2 quarters
TOP Glove Corporation executive chairman Lim Wee Chai expects the company to return to the black by FY2025, as Malaysian glove-makers continue to close the price gap with competitors...
China to step up quantum computing, AI efforts as it aims for tech self-sufficiency
CHINA will formulate development plans for emerging industries including quantum computing and will continue striving towards achieving self-sufficiency in technology, according to a government work report. It will also...
