CIMB Bank Singapore announced Thursday it has appointed Victor Lee Meng Teck as its new chief executive officer.

With more than 20 years of experience in the retail and commercial banking sectors across Singapore, Malaysia, Thailand and Indonesia, Lee is also the CEO of CIMB Group Commercial Banking.

CIMB Bank appoints Victor Lee Meng Teck as Singapore CEO

SINGAPORE (Dec 26): Mapletree Logistics Trust (MLT) is selling Mapletree Waigaoqiao Logistics Park to a subsidiary of Temasek Holdings associate GDS Holdings for RMB 330.0 million (S$64.0 million), the manager announced Thursday.

Mapletree Logistics unit to sell Shanghai property to Temasek associate for S$64 mil

SINGAPORE (Dec 26): Sembcorp Marine, the engineering solutions provider to the global offshore, marine and energy industries, has announced the win of two new offshore platform contractsm worth over S$550 million.

The first contract will see SembMarine team up with customer North Oil Company (NOC) to fabricate two well-head platforms for the Al Shaheen oil field, which is operated by NOC.

SembMarine clinches two offshore platform contracts worth over S$550 mil

SINGAPORE (Dec 16): Keppel Land will be acquiring a 49% stake in joint venture company Kapstone Constructions for INR4.09 billion (S$78.2 million) to jointly develop the 51.4-hectare Urbania integrated township in Mumbai, India.

The joint venture will see Keppel Land, the property arm of Keppel Corporation, partner with leading Indian developer Rustomjee Group.

Keppel Land to acquire 49% stake in JV for S$78 mil to co-develop integrated township in Mumbai

SINGAPORE (Dec 10): Offshore Support Vessel (OSV) provider Nam Cheong has inked three chartering contracts worth a total of RM54.8 million (S$17.9 million) including options to extend, the company announced Tuesday.

Nam Cheong clinches 3 charter contracts worth S$18 mil

SINGAPORE (Dec 5): Mapletree Logistics Trust (MLT) will be added as a constituent of the benchmark Straits Times Index (STI) — replacing Golden Agri-Resources (GAR) — in the only change following a December quarterly review, FTSE Russell announced on Dec 5.

The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be, in order of size, Suntec REIT, Mapletree Industrial Trust, Keppel REIT, Mapletree North Asia Commercial Trust and NetLink NBN Trust.

Mapletree Logistics Trust added to STI as Golden Agri-Resources gets dropped

SINGAPORE (Dec 5): Keppel Infrastructure Holdings, the infrastructure arm of Keppel Corporation, is investing €53.02 million (S$80 million) for a 20% stake in MET Holding AG, an integrated European energy company headquartered in Switzerland.

Keppel Infrastructure forays into European energy market with S$80 mil investment in MET Group

SINGAPORE (Nov 25): Thai Beverage posted a 30% jump in full-year earnings to 23.27 billion baht (S$1.05 billion) for FY2019 ended September, from 17.94 billion baht a year ago.

ThaiBev posts 30% rise in FY19 earnings to S$1.05 bil on higher revenue

SINGAPORE (Nov 21): The iconic Liang Court site along River Valley Road has seen better days. But now, the 35-year-old property could get a facelift in a massive deal involving City Developments (CDL), CapitaLand, Ascott Residence Trust (Ascott REIT) and CDL Hospitality Trusts (CDLHT).

Opened in 1984, the Liang Court development comprises a shopping mall once home to the Daimaru department store in Singapore, the Novotel Singapore Clarke Quay (NCQ) hotel, and Somerset Liang Court Singapore serviced residence.

City Dev, CapitaLand lead consortium to redevelop Liang Court site at Clarke Quay

SINGAPORE (Nov 21): The manager of SPH REIT has announced the launch of a private placement to raise gross proceeds of no less than S$161.5 million to partially fund its proposed acquisition of a 50.0% stake in Westfield Marion Shopping Centre in South Australia.

Under the private placement, SPH REIT will issue some 156.6 million new units at an issue price of between S$1.031 and S$1.075 each.

SPH REIT launches private placement to raise more than S$161.5 mil to help fund Australian shopping centre acquisition

Efforts to reform the Bretton Woods institutions – the International Monetary Fund and the World Bank – are progressing, albeit slowly. In December, the IMF Board of Governors approved a 50% increase in member quotas, which will reduce its reliance on borrowed resources, and the World Bank has re...

The Frontiers Of Growth : How to Govern the Bretton Woods Institutions Better

A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

Bitcoin ‘halving’ cuts supply of new tokens in threat to miners

A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.

Philippines wants US, Japan to take over rail deal eyed by China

The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.

World Bank wins US$11b in pledges to boost lending for climate, global crises

Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.

IMF concerned about debt, fiscal challenges facing low-income countries

The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.

Ringgit likely to trade around 4.78 versus greenback next week

Attention this week will be on the March inflation rate, with the Department of Statistics Malaysia (DOSM) slated to put out Consumer Price Index (CPI) — the key gauge for inflation — data on Thursday.

Inflation edged up by a higher-than-expected 1.8% i...

The Week Ahead: Eyes on March inflation, US 1Q GDP and tech earnings

Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's (Fed) latest survey of US central bank contacts, with geopolitical troubles and the 2024 US presidential election also mentioned as "a potentially significant source of shocks".

Fed survey cites inflation, US election as key financial stability risks

Former inspector general of police Tun Mohammed Hanif Omar died at 2.15am on Saturday. He was 85.

Former IGP Tun Hanif Omar passes away

The Nasdaq and the S&P 500 closed sharply lower on Friday and Treasury yields dipped as investors juggled lacklustre earnings, uncertainties surrounding central bank policy and geopolitical strife.

Nasdaq tumbles, Treasuries dip amid earnings, geopolitical crosscurrents

KUALA LUMPUR (April 19): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:

Shares of Sapura Energy Bhd have been suspended from trading, pending a material announcement. The suspension took effect from 2.30pm onwa...

Sapura Energy, PIE Industrial, LSH Capital, YX, Westports, Yinson, Sime Darby Property, MISC, Meta Bright, EG Industries, Hextar, Uzma, Nova MSC and Iconic Worldwide

Former inspector general of police Tun Mohammed Hanif Omar died at 2.15am on Saturday. He was 85.

The long-awaited Energy Exchange Malaysia (Enegem) has finally been introduced, along with guidelines on cross-border electricity sales announced by the Ministry of Energy Transition and Water Transformation (Petra) last Monday for exports of green electricity from Malaysia to Singapore and Thailand.

Enegem: Malaysia edges closer to RE exports

All travellers entering or leaving Singapore carrying Physical Currency and Bearer Negotiable Instruments (CBNI) that are valued more than S$20,000 or its equivalent in a foreign currency, must submit the necessary declarations electronically with effect from May 13.

Travellers to and from Singapore carrying over S$20,000 must submit online declaration from May 13

Prime Minister Datuk Seri Anwar Ibrahim arrived in Kota Kinabalu on Friday night for a one-day working visit to the state.

Anwar's plane landed at Terminal Two, Kota Kinabalu International Airport at 11.40pm, where he was greeted by Chief Minister Datuk Seri Hajiji Noor.

Anwar arrives in Kota Kinabalu for one-day visit

The Nasdaq and the S&amp;P 500 ended lower on Friday as Netflix shares weighed, but American Express (AmEx) kept the Dow afloat after quarterly earnings from both companies, while growing pessimism that the Federal Reserve (Fed) would cut interest rates soon also dented sentiment.

Nasdaq, S&P tumble as Netflix, chip stocks drag; AmEx boosts Dow

Attention this week will be on the March inflation rate, with the Department of Statistics Malaysia (DOSM) slated to put out Consumer Price Index (CPI) — the key gauge for inflation — data on Thursday.

Inflation edged up by a higher-than-expected 1.8% i...

Israel's apparent strike on Iran after days of vacillation was small and appeared calibrated to dial back risks of a major war, even if the sheer fact it happened at all shattered a taboo of direct attacks that Tehran broke days earlier.

Prime Minister Benjamin Netanyahu's war cabinet had initially approved plans for a strike on Monday night inside Iranian territory to respond forcefully to last Saturday's missile and drones from Iran, but held back at the last-minute, three sources with knowledge of the situation said.

Israel's Iran attack carefully calibrated after internal splits, US pressure

Parties in the Unity Government have their methods to ensure a win in the Kuala Kubu Baharu by-election next month, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Ahmad Zahid, who is also Barisan Nasional (BN) chairman, said this was discussed at the Unity Government secretariat meeting on Wednesday.

Unity Govt parties have ways to ensure victory in Kuala Kubu Baharu polls — Ahmad Zahid