Business
Civilian contractor with IDF unit killed by building collapse in Gaza, military says
Hura resident Raed Abu Al-Qian had been working on engineering projects in Gaza on behalf of the Defense Ministry. Raed Abu Al-Qian, a…
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Culture
Straits Trading unit to divest South Korea logistics property for 432 billion won
The Straits Trading Company is divesting a freehold logistics facility in Incheon, South Korea, for 432 billion won (S$377.6 million) as…
Culture
Prudential pays RM1.5 billion to raise stake in Malaysia unit to 70%
The insurer currently holds a 51% interest while local partner Detik Ria owns the rest Prudential will pay RM1.5 billion (S$483 million)…
Culture
Alibaba plans IPO for AI chipmaking unit T-Head: sources
As a first step, Alibaba plans to restructure the unit as a business partly owned by employees Alibaba Group Holding is preparing to list…
Culture
OCBC sets up securities financing unit for institutional investors
It will create opportunities for these customers to earn fee income by lending out their idle securities, says lender OCBC has set up a…
Culture
Stamford Land unit is being sued over alleged defects in Sydney project
The claims involve alleged deficiencies in the design and construction of Macquarie Park Village Stamford Land on Friday (Jan 16)…
Culture
F&N unit prices S$125 million in fixed-rate notes due 2033 at 2.6%
The notes are payable semi-annually in arrears and will be issued in denominations of S$250,000 each Beverage maker Fraser and Neave (F&N)…
Culture
Citigroup to take US$1.1 billion loss on Russian business unit sale
Other lenders have also scaled back, with Goldman Sachs gaining approval earlier this year to sell its business in Russia Citigroup said…
Culture
mm2 Asia unit receives payment demand for S$18.9 million from creditor
A unit of embattled entertainment group mm2 Asia on Monday (Dec 29) said it has received a payment demand for S$18.9 million, even as the…
Culture
Frasers Property unit to lend up to 938.6 million baht to JV with two ThaiBev units
Capital injections will advance the technology and digitalisation of both Frasers Property Group and Thai Beverage Group Frasers Property…
Culture
Keppel Reit unit secures three bridge loans totalling S$892 million
The manager of Keppel Real Estate Investment Trust (Reit) said on Wednesday (Dec 24) that it has obtained three bridge loan facilities…
Culture
Haier sells 49% stake in Indian unit to Bharti, Warburg Pincus
Chinese home appliance maker Haier Smart Home agreed to sell a 49 per cent stake in its India unit to Bharti Enterprises and Warburg…
Culture
LG Energy Solution unit to sell US$2.86 billion US factory assets to Honda
This excludes land and equipment, and is meant to ‘improve joint venture operational efficiency’ South Korea’s LG Energy Solution (LGES)…
Culture
CNMC plans to appeal against additional tax assessment of RM29.6 million imposed on Malaysian unit
The notices were raised in relation to the disallowance of management fee expenses paid by the subsidiary to the gold-mining company A…
Culture
Acrophyte Hospitality Trust unit to divest Hyatt Place Primacy Parkway hotel for US$7.8 million
ARA USH Chicago, an indirect wholly owned subsidiary of Acrophyte Hospitality Management Trust (AHT), is selling a hotel in the United…
Culture
Volkswagen budget cuts force battery unit to seek external funds
PowerCo is considering bank loans, external investors and a potential public offering Volkswagen’s battery business is being forced to…
Culture
Samudera Shipping unit, Imoto Corporation enter JV to set up shipping company in Japan
Blue Ocean Shipping will be headquartered in Kobe and is expected to begin operations in the first half of 2026 A subsidiary of container…
Culture
Intel has tested chipmaking tools from firm with sanctioned China unit: sources
Two of ACM’s units, based in Shanghai and South Korea, are barred last year from receiving US technology [WASHINGTON/SAN FRANCISCO]…
Culture
ST Engineering’s US unit among defendants in UPS plane crash lawsuit
Lawsuit alleges negligence in maintenance checks by subsidiary VT San Antonio Aerospace ST Engineering’s United States subsidiary, VT San…
Culture
Netflix to buy Warner Bros Discovery’s studios, streaming unit for US$72 billion
The deal will further tilt the power balance in Hollywood in favour of the streaming giant Netflix on Friday (Dec 5) agreed to buy Warner…
Culture
Meta’s Zuckerberg plans 30% budget cut to metaverse unit, potentially triggering January layoffs: sources
The proposed metaverse cuts are part of the company’s annual budget planning for 2026 Meta Platforms’ Mark Zuckerberg is expected to…
Culture
Taiwan charges Tokyo Electron’s Taiwan unit in TSMC trade secrets case
Taiwan prosecutors said on Tuesday (Dec 2) they had charged Tokyo Electron’s Taiwan unit with violating the National Security Act and the…
Culture
Singapore Bank OCBC’s shares hit record as wealth unit shines
OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago Oversea-Chinese Banking Corp (OCBC) shares hit a…
Culture
OCBC’s shares hit record as wealth unit shines
OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago Oversea-Chinese Banking Corp (OCBC) shares hit a…