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SK Innovation sees strong refining margins; battery unit keeps break-even target
SK INNOVATION said on Thursday (Aug 1) it expects strong oil refining margins in the second half of the year as Opec+ production cuts buoy prices and the peak...
Keppel unit forms JV to provide urban planning services in Shandong, China
A UNIT of global asset manager Keppel has entered a joint venture (JV) to provide consulting services – such as urban planning, industrial promotion and smart city solutions –...
Seatrium unit bags S$1.1 billion syndicated facility for future business growth
It is the first of its kind in the offshore and marine industry in Singapore.OFFSHORE and marine specialist Seatrium’s wholly owned subsidiary has secured a S$1.1 billion syndicated bank...
CATL supplier Lopal said to seek US$200 million for Indonesia unit
JIANGSU Lopal Tech is considering raising about US$200 million for its Indonesian unit as it ramps up local production of materials used in electric-vehicle batteries, according to people familiar...
Singtel unit Nxera and Telkom Malaysia break ground for 65 MW data centre campus in Johor
SINGTEL’S data centre arm, Nxera, and Telkom Malaysia (TM) on Thursday (Jul 25) broke ground for a data centre campus in Iskandar Puteri in Johor. The campus will house...
DBS unit fined in Hong Kong for anti-money laundering breach
DBS Group Holdings’ Hong Kong unit was fined HK$10 million (S$1.7 million) by the city’s regulator for lapses in adhering to anti-money laundering and counter-terrorist financing regulations.The disciplinary action...
Canada approves Glencore takeover of Teck coal unit, with conditions
THE Canadian government has approved Glencore’s US$6.93 billion acquisition of miner Teck Resources’ steelmaking coal unit with strict conditions to preserve jobs, the country’s industry minister said on Thursday...
BNP, UBS are said to show interest in HSBC’s German wealth unit
HSBC Holdings’s sale of its German wealth-management unit is attracting initial interest from peers including BNP Paribas and UBS Group, sources familiar with the matter said, as the London-listed...
Boustead unit partners Evotion Labs to deploy Singapore’s first EV motorcycle battery swop stations
A UNIT of engineering and technology group Boustead Singapore has signed a memorandum of understanding (MOU) with local electric vehicle (EV) solutions provider Evotion Labs to deploy Singapore’s first...
