BEIJING (CAIXIN GLOBAL) – The announcement this week that global auto giants Toyota Motor and Hyundai Motor will start selling hydrogen fuel-cell passenger cars in …
Keppel Infrastructure Trust targets trebling of portfolio to $18b over next decade
SINGAPORE – Keppel Infrastructure Trust (KIT) has expanded its portfolio under the watch of Jopy Chiang, who assumed the role of chief executive at KIT’s …
Hong Kong’s worst trading debut in 2022 sends EV maker down 42%
HONG KONG – An electric-vehicle (EV) maker and a unit of China’s real estate developer China Vanke plunged in their trading debuts in Hong Kong, …
Australia’s massive data breach risks eroding Singtel’s profits
SYDNEY – The cost for Singtel to make up for one of Australia’s worst data breaches risks wiping out more than one-quarter of its annual …
Crypto world on edge after string of hacks with $3.2 billion stolen from DeFi projects
NEW YORK – Not long after dropping out of college to pursue a career in cryptocurrencies, Ben Weintraub woke up to some bad news. Mr …
SNS Network Technology Posts 42.4% Rise in Net Profit for 2Q FY2023
IPOH, Malaysia, Sep 27, 2022 – (ACN Newswire via SEAPRWire.com) – SNS Network Technology Berhad (SNS), an ICT system and solutions provider, today announced that …
mm2 Asia to move forward with $54m bond deal for cinema business
SINGAPORE – Embattled entertainment group mm2 Asia announced on Sunday that it has entered into a bond subscription agreement with brokerage UOB Kay Hian for …
Tokyo tightens security for Abe’s state funeral as protests continue
TOKYO – Japan’s state funeral for former prime minister Shinzo Abe on Tuesday is under the spotlight as the authorities seek to avoid the kind …
Long burdened by costly funerals, Japan embraces simple goodbyes
TOKYO – Even before a US$12 million (S$17.17 million) state funeral for the slain former Prime Minister Shinzo Abe prompted a public outcry, the Japanese …
Soaring demand continues to push up prices of shophouses in Singapore
SINGAPORE – The owner of a shophouse near Bugis has walked away with a remarkable profit of $4.5 million after owning the property for just …
Umno chief Zahid acquitted of bribery charges
SHAH ALAM – Malaysia’s High Court has acquitted former deputy prime minister Ahmad Zahid Hamidi of graft charges linked to a visa scheme. Shah Alam …
Tencent’s $3.2 billion buyback spree fails to stem stock rout
HONG KONG – Tencent Holdings’ buyback spree is failing to revive investor sentiment over the online gaming giant, whose shares are languishing near a 2018 …
Top Glove sinks into the red with $16.3m loss as orders slow, costs pile up
SINGAPORE – Top Glove Corporation, which manufactures disposable rubber gloves, sank into the red for the fourth quarter, as a slowdown in orders and mounting …
Pakistan flood-borne diseases kill 9 people
KARACHI, Pakistan – At least nine people died on Monday of infectious and water-borne diseases that have attacked tens of thousands of people in flood-hit …
Pakistan’s children must be at the heart of flood rehabilitation effort: Dawn
ISLAMABAD (DAWN/ASIA NEWS NETWORK) – For millions of children in Pakistan, life is going to be particularly precarious in the coming months, with consequences that …
Australia’s Fortescue to spend $8.7b to rid iron ore ops of fossil fuels by 2030
SYDNEY – Australia’s Fortescue Metals Group said on Tuesday it would spend an estimated US$6.2 billion (S$8.7 billion) to eliminate the use of fossil fuels …
Frasers Property upsizes green notes to $500m following strong demand
SINGAPORE – Frasers Property on Thursday announced that it would be upsizing its five-year green notes from $420 million to $500 million after noting that …
Hong Kong office vacancies double after protests, pandemic
HONG KONG – The amount of vacant top-tier office space has more than doubled in Hong Kong over the last three years as companies downsize …
Tesla defends China presence as key to goal of making 20 million cars a year
CANBERRA – Tesla chair Robyn Denholm has defended the US electric carmaker’s focus on China and plans to expand further there, saying that reaching a …
China’s Mid-Autumn Festival tourism hit by Covid-19 curbs
BEIJING – The number of trips taken over China’s three-day Mid-Autumn Festival holiday shrank, with tourism revenue also falling, official data showed, as strict Covid-19 …