Newsfeed – Business News
Jollibee acquires South Korea hot pot operator All Day Fresh in US$88.6m deal, eyes regional growth
SEOUL, April 20 — Jollibee Foods Corp., the leading fast food chain operator of the Philippines, has acquired a 100 per cent stake in All Day Fresh, the operator of […]
South Korea’s Lee meets Modi in Delhi, eyes boost to trade and shipbuilding ties
SEOUL, April 20 — South Korean President Lee Jae Myung heads into talks with Indian Prime Minister Narendra Modi in New Delhi today, aiming for a big boost in economic […]
Bursa Malaysia opens lower amid Middle East tensions, cautious mood returns
KUALA LUMPUR, April 20 — Bursa Malaysia opened lower today as investors turned cautious despite last Friday’s gains on Wall Street amid protracted West Asia uncertainties. At 9.10am, the FTSE […]
IOI Properties snaps up Asia Square Tower 2 for S$2.48b in Singapore, deepening Marina Bay bet
KUALA LUMPUR, April 20 — IOI Properties Group is ramping up its Singapore push with a S$2.476 billion (RM7.71 billion) acquisition of Asia Square Tower 2, in one of the […]
Dollar hits one-week high as US-Iran tensions drive flight to safety
SINGAPORE, April 20 — The US dollar firmed to its highest level in a week against major currencies today as renewed US-Iran tensions and shaky prospects of a peace deal […]
High gold prices dampen India’s festival demand despite investment uptick
MUMBAI, April 20 — Gold demand during one of India’s key buying festivals stayed muted yesterday as record prices curbed jewellery purchases, offsetting a modest uptick in investment demand. Indians […]
Ringgit steadies but under pressure at open as risk-off mood boosts US dollar
KUALA LUMPUR, April 20 — The ringgit opened almost flat against the US dollar on Monday as investors sought shelter in safe-haven assets, with the greenback seen as one of […]
US oil benchmark surges 7.5pc as ceasefire frays and Hormuz stalls
TOKYO, April 20 — The benchmark US oil contract West Texas Intermediate (WTI) surged 7.5 per cent today, as Iran accused the United States of having broken a ceasefire in […]
IMF, World Bank meetings expose fading confidence in US leadership during global crises
WASHINGTON, April 19 — Global finance leaders, whipsawed by Middle East war news, came to grips this past week with their inability to mitigate the economic damage from increasingly frequent […]
Airbus backs Malaysia as next aviation mega hub with new long-haul aircraft demand rising
KUALA LUMPUR, April 19 — Airbus sees strong potential for Malaysia, especially Kuala Lumpur International Airport (KLIA), to emerge as another super connector or mega hub in the Asia-Pacific region, […]