Corporate News

Sapura Energy not likely to exit PN17 anytime soon

It may take until the second half of 2026, at the earliest, for debt-laden Sapura Energy Bhd to qualify for the revocation of its Practice Note 17 (PN17) status.

Corporate News

TNB confident of securing sizeable contingent capex over RP4

Tenaga Nasional Bhd (TNB) is confident of securing 60% to 70% of the contingent capital expenditure (capex) in the Regulatory Period 4 (RP4).

Corporate News

Intel CEO says priority is to recruit, retain talent

Intel Corp chief executive officer Tan Lip Bu says one of his priorities will be to restock the chipmaker with some of the talent that it has lost over the years. 

Commodities

Biofuel boost in Brazil helps push corn to a high

Brazil is turning more corn into fuel than ever before, pushing prices of the grain higher and making exports more uncertain for the world's second-largest supplier.

Economy

Factory activity registers modest growth in March

China's factory activity expanded modestly for a second straight month in March, adding to a string of recent indicators pointing to a stabilising economy amid improved sentiment in the manufacturing sector.

Corporate News

CPO prices, Indonesian ops to fuel United Malacca’s growth

United Malacca Bhd's Indonesian planting and sustained crude palm oil (CPO) prices are the main drivers of its prospects going forward.

Banking

Key banks eye US$72bil via placements

China's major state-owned commercial banks plan to raise up to 520 billion yuan (US$71.7bil) via private placements from investors, including the finance ministry, a forward-looking move which analysts say will help forestall financial risks and better support the real economy.

Property

Singapore private home prices edge higher on back of sales boom

Singapore private home prices grew at a slower pace in the first quarter, after an increase in the supply of condominiums helped to cool a buying frenzy.

Corporate News

Fintech players eye Philippines market

The Philippines has become more attractive as an investment hub for financial technology (fintech) players after the country finally exited the dirty money "gray list," according to the Fintech Alliance PH.

Corporate News

Real estate mogul Villar’s Golden MV Holdings 2024 profit surges

A massive gain from the revaluation of its investment properties resulted in the earnings of Golden MV Holdings Inc skyrocketing to nearly one trillion peso last year, toppling record holder SM Investments Corp (SMIC) from its throne.

Aviation

Hong Kong Airlines scours second-hand market for more aircraft

Hong Kong Airlines Ltd wants to get hold of as many second-hand aircraft as it can for a renewed push into intercontinental travel.

Markets

Wall Street closes out bruising first quarter

As Wall Street draws the curtain on a tumultuous quarter in which stocks logged a record high before tumbling into correction, investors are faced with a mountain of policy uncertainty that clouds the outlook for coming quarters.

Insight

Trump’s trade war feels much worse this time

Orders have evaporated for Richard Chen, who manufactures Christmas decorations in southern China for US retailers, including Walmart and Costco, facing crippling US tariffs.

Banking

Vietnam prepares for implementation of Basel III

Prime Minister Pham Minh Chinh has directed the State Bank of Vietnam (SBV) to consider commercial banks' proposals on implementing Basel III international banking standards.

Economy

Retail sales rise slightly as Australians stay wary

Australian retail sales have risen modestly for a second straight month in February as a long-awaited cut in interest rates combined with slower inflation to boost consumer sentiment and spending.

Economy

Seoul to negotiate with US on trade barrier issues

The South Korean government will continue negotiating with Washington on non-tariff measure issues ahead of the planned announcement of US reciprocal tariffs, the industry ministry says.

Corporate News

Inalum to finish study for second phase of alumina smelter project

State-owned aluminium producer PT Indonesia Asahan Aluminium (Inalum) aims to complete a feasibility study and final investment decision on the second phase of its smelter-grade alumina refinery (SGAR) in Mempawah, West Kalimantan this year.

Economy

BoJ mulls pace of hikes as survey signals strength

Japan's large manufacturers remain relatively upbeat about business conditions, reflecting a degree of resilience that supports the case for the central bank to keep raising interest rates at a gradual pace even as uncertainty over the prospects for global trade continue to mount.

Commodities

Oil edges lower as traders weigh impact of Trump tariffs

Oil prices edged lower on Tuesday as traders braced for reciprocal tariffs that US President Donald Trump is due to announce on Wednesday, which could intensify a global trade war.

Markets

S&P, Nasdaq rise as Wall St gyrates in Trump-tariffs limbo

The S&P 500 and the Nasdaq Composite both closed higher on Tuesday, after a topsy-turvy day on Wall Street dominated by investor angst ahead of the impending tariff announcements from the Trump administration.