Entertainment
Sinopharm’s China TCM buyout bid lapses without regulatory nods
CHINA National Pharmaceutical Group’s latest attempt to take China Traditional Chinese Medicine (TCM) Holdings private has fallen through as it was unable to secure necessary regulatory approval from Chinese...
US dollar falls as risk appetite rises after China; but set for 3rd weekly gain
THE US dollar fell on Friday (Oct 18), taking a breather after five straight days of gains, as risk appetite increased following yet another round of stimulus measures from...
Is PropertyGuru’s delisting good for South-east Asia’s tech scene?
PropertyGuru’s stint as a listed company might soon be coming to an end.
Last week, Swedish private equity (PE) firm EQT offered to acquire the South-east Asian property listings portal...
Competitors PayPal, Adyen publicly collaborate for first time
ADYEN will offer PayPal Holdings’ guest-checkout product, the first time the two competing payments firms have publicly announced such a partnership.
Adyen will offer PayPal’s FastLane experience to its merchant...
AMD to acquire server builder ZT Systems for US$4.9 billion in cash and stock
AMD on Monday (Aug 19) said it plans to acquire server maker ZT Systems for US$4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips...
Sliding Bitcoin struggling to harness rebound in global risk appetite
BITCOIN and the wider crypto market are nursing sharp losses for the month so far even as global stocks push back towards record highs after shaking off a growth...
Thai central bank to hold rates until Q2 2025, political turmoil risks early cut
THE Bank of Thailand (BOT) will keep interest rates unchanged on Wednesday (Aug 21) and through Q1 2025 to balance growth with inflation control while assessing the impact of...
MAS issues 9-year prohibition order against ex-OCBC representative for misconduct
THE Monetary Authority of Singapore (MAS) on Monday (Aug 19) issued a nine-year prohibition order against Hoi Wei Kit, a former representative of OCBC, for misconduct. Effective from Monday,...
Property groups should sell low-yielding investment properties, go slow in raising debt
ACCESS to debt appears fine for Singapore-listed property groups. Frasers Property announced in July that it had secured a sustainability-linked loan amounting to around S$904 million, comprising an Australian...
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...
