Browsing Tag
Singapore
175 posts
Indonesia wildfires choke Southeast Asia as toxic haze sparks health crisis and foreign aid debate
Indonesia’s worst fires since 2015 have sickened more than 283,000 people and spread toxic haze across Southeast Asia. Find out why the crisis persists.
Two ships sink near Strait of Hormuz as attacks on commercial shipping surge
Two ships have sunk near the Strait of Hormuz as attacks surge. Find out why the escalating shipping crisis could threaten global trade.
Aegis Logistics (NSE: AEGISLOG) shares jump 7% on $809m Tristar acquisition deal
Aegis Logistics Limited has agreed to acquire 89.8% of Dubai-based Tristar Holdings, gaining access to a global energy logistics business with $1.4 billion in annual revenue. The transaction promises scale and diversification, but financing, deferred payments and the final asset perimeter will determine its financial impact.
Diginex shareholders back Resulticks deal, but 600m new shares put dilution in focus
Diginex shareholders have cleared the Resulticks acquisition. See how the $1.05 billion AI deal could transform DGNX and reshape shareholder ownership.
Nike is cutting roles but building in Bengaluru. What does Elliott Hill’s workforce reset actually change?
NIKE, Inc. is preparing further workforce reductions from 2027 as Chief Executive Officer Elliott Hill reorganises the sportswear group into three geographies, modernises its supply chain and builds a new Bengaluru campus. The multiyear Pace programme targets $2.5 billion of cumulative savings through fiscal 2031 but also carries roughly $1 billion of additional restructuring charges while revenue is expected to fall sharply this year.
Crystal Jade has cut roughly a third of its Singapore workforce. What happens to the restaurant group now?
Crystal Jade has closed four restaurants and terminated about 120 employees in Singapore as receivers restructure the well-known Asian dining group ahead of a proposed sale, leaving nine outlets and around 210 workers operating locally.
Firmus IPO puts A$43bn valuation against 900MW of contracted AI capacity
Firmus Technologies is seeking about A$7.1 billion in one of Australia’s largest-ever initial public offerings after building a customer roster that includes Meta Platforms, OpenAI and NVIDIA. Yet an implied equity valuation of roughly A$43 billion asks investors to price years of planned AI infrastructure growth before five of the company’s seven identified sites are operating.
Waymo sets a 2028 Singapore robotaxi launch in its first Southeast Asian market
Alphabet’s autonomous-driving subsidiary will begin with manually driven mapping vehicles in 2027 before seeking approval for public driverless service in a dense, regulated urban market.
Can Atome turn Grab’s loss-making financial services arm into a $500m EBITDA business?
Grab is acquiring 60% of Atome Financial for $1.49 billion in cash, adding a $1 billion loan portfolio and 25 million cumulative users. The deal accelerates consumer lending across Southeast Asia, but it also commits more capital to credit risk while Grab’s Financial Services segment is still moving toward profitability.
Delta Consulting Group buys Osborne Partners to build 179-person global advisory platform
Delta Consulting Group has completed its acquisition of Osborne Partners, creating a 179-professional advisory platform spanning eight major business centres and significantly increasing Delta’s exposure to international arbitration, economic regulation and complex disputes.