News•Mar 11, 2026
PBOC Employs Volatile Renminbi Fixing to Manage Iran War Fallout
China’s central bank has allowed the renminbi’s daily fixing volatility to surge to its highest level since December 2024, signalling a tolerance for two‑way price swings. The People’s Bank of China set the reference rate at 6.89 yuan per U.S. dollar, its strongest since 2023, while reaffirming it will not pursue a devaluation. The move follows the currency’s brief rally and a modest 0.1% slip amid the Iran war, positioning the RMB as a relative safe haven in Asia. Analysts view the policy as a hedge against geopolitical turbulence ahead of a high‑profile U.S.‑China summit.
By The Business Times (Singapore) – Companies & Markets
News•Mar 11, 2026
Morgan Stanley Hires Contract Staff in Hong Kong as Deals Surge: Sources
Morgan Stanley has begun hiring one‑year contract bankers in Hong Kong to support a wave of IPO listings, marking the first Wall Street bank to adopt such a model in the region. The move aims to keep costs low while...
By The Business Times (Singapore) – Companies & Markets
News•Mar 11, 2026
Indonesia Lawmakers Grill Candidates for Top Regulator Jobs After Market Turmoil
Indonesia’s parliamentary financial commission is set to vet ten candidates for five top posts at the Financial Services Authority (OJK) after an equity‑market rout in January forced the agency’s chair, deputy chair and capital‑market supervisors to resign. The rout, sparked...
By The Business Times (Singapore) – Companies & Markets
News•Mar 10, 2026
TikTok Gets Green Light to Stay in Canada, Reversing Earlier Ban
Canada has overturned its 2024 order to wind down TikTok’s Canadian subsidiary, allowing the platform to continue operating nationwide. The decision follows a fresh security review and new legally binding commitments requiring TikTok to install security gateways, privacy‑enhancing technologies, and...
By The Business Times (Singapore) – Companies & Markets
News•Mar 10, 2026
Stocks to Watch: Great Eastern, Suntec Reit, Intraco
Great Eastern announced the appointment of Andrew Khoo, an OCBC director, as its new chairman effective April 15, prompting a modest 0.76% share uptick. Suntec REIT’s manager, ESR Trust Management, received Monetary Authority of Singapore approval for a S$190 million acquisition...
By The Business Times (Singapore) – Companies & Markets
News•Mar 9, 2026
Singapore’s Next Data-Centre Growth Wave Lies in AI Inference: Digital Realty
Digital Realty says the next wave of data‑centre growth in Singapore will be driven by AI inference, which requires low‑latency, high‑density infrastructure close to end‑users. Because Singapore faces tight land and power constraints, training workloads are expected to migrate to...
By The Business Times (Singapore) – Companies & Markets
News•Mar 8, 2026
As Middle East Conflict Rages, DBS Urges SMEs to Hedge at Least Half Their FX Exposure – Not Time the...
DBS is urging Singapore‑based SMEs to hedge at least half of their foreign‑exchange exposure amid heightened volatility from the Middle‑East conflict. The bank’s SecureFX facility, which lets companies lock in rates up to US$1 million without credit lines, is already used...
By The Business Times (Singapore) – Companies & Markets
News•Mar 8, 2026
UI Boustead Reit: A New Entrant in Singapore’s Industrial Reit Space
UI Boustead Reit will debut on the SGX mainboard on March 12, offering a S$1.9 billion portfolio of 23 logistics and industrial assets across Singapore and Japan. The portfolio, valued at a 1.0 times price‑to‑net‑asset‑value, delivers an 89.4% occupancy rate and a forecast distribution yield...
By The Business Times (Singapore) – Companies & Markets
News•Mar 6, 2026
Yangzijiang Maritime Development Gets Shareholder Approval for Share Buyback at EGM
Yangzijiang Maritime announced that shareholders approved a share‑buyback mandate at its extraordinary general meeting, allowing the company to repurchase up to 10% of its issued shares. The resolution garnered votes representing roughly S$1.6 billion, or 99.9% of the shares present. The...
By The Business Times (Singapore) – Companies & Markets
News•Mar 5, 2026
China to Inject 300 Billion Yuan Into State Banks, Deepen Reform of State Financial Firms
China announced a 300 billion yuan capital injection into state‑owned banks via a special treasury bond, coupled with deeper reforms of state financial firms. The move targets major lenders such as ICBC and Agricultural Bank of China to shore up capital...
By The Business Times (Singapore) – Companies & Markets
News•Mar 5, 2026
UOBKH’s ‘Alpha Picks’ Outperform STI in February; Keppel, Singtel Added for March
UOB Kay Hian’s Alpha Picks portfolio outperformed the Straits Times Index in February, delivering a 3.9% equal‑weighted gain versus the STI’s 1.8% rise. The brokerage rebalanced for March, adding defensive large‑caps Huating Global, Keppel and Singtel while trimming exposure to...
By The Business Times (Singapore) – Companies & Markets
News•Mar 5, 2026
Shares of Aspial Lifestyle up 6% on Proposed Transfer to SGX Mainboard
Aspial Lifestyle’s shares rose roughly 6% after the company announced a proposed transfer to the Singapore Exchange’s mainboard. The move is intended to broaden its access to equity and debt capital, appealing to institutional investors with mainboard mandates. Currently, only...
By The Business Times (Singapore) – Companies & Markets
News•Mar 4, 2026
Q&M Dental Set to Acquire a Singapore Dental Group
Q&M Dental Group announced a non‑binding MOU to acquire 100% of an unnamed Singapore dental chain. The transaction will be funded through a mix of cash and newly issued ordinary shares, and includes a profit guarantee of up to S$34 million...
By The Business Times (Singapore) – Companies & Markets
News•Mar 4, 2026
DBS China Captures 38% of Panda Bond Market in 2025; Secures Principal Underwriting License
DBS China participated in 65.8 billion yuan of Panda‑bond issuances in 2025, capturing a 38% share of the China Interbank Bond Market. The bank also received a principal underwriting licence for non‑financial corporate bonds, the most extensive authority granted by the...
By The Business Times (Singapore) – Companies & Markets
News•Mar 2, 2026
Manulife Launches New Equity Income and Growth Strategy Under EQDP
Manulife Investments has launched the Singapore Opportunities Income Strategy under the Monetary Authority of Singapore’s Equity Market Development Programme. The fund will invest exclusively in Singapore‑listed equities, emphasizing small and mid‑cap stocks where research coverage is thin and valuation gaps...
By The Business Times (Singapore) – Companies & Markets
Deals•Mar 2, 2026
UMS Integration Acquires Remaining Stake in Starke Singapore for S$8.2M
Singapore precision engineering group UMS Integration bought the remaining 30% stake in aluminium alloy supplier Starke Singapore for S$8.2 million, making Starke a wholly‑owned subsidiary. The acquisition, funded by internal resources and/or bank borrowings, is expected to have minimal impact...
The Business Times (Singapore) – Companies & Markets
Deals•Feb 24, 2026
OUE Reit to Acquire 19.9% Stake in Salesforce Tower for S$175 Million
Singapore-listed OUE Reit announced it will acquire a 19.9% interest in the Salesforce Tower in Sydney for S$175 million, valuing the stake at about S$319.8 million. The acquisition is expected to be yield‑accretive and increase the REIT’s portfolio value to S$6.1 billion. The...
The Business Times (Singapore) – Companies & Markets
Deals•Feb 23, 2026
Gilead Sciences to Acquire Arcellx for up to $7.8B
Gilead Sciences announced it will acquire biotech Arcellx in a cash deal valued at up to $7.8 billion, paying $115 per share plus a contingent $5 per share based on future sales. The acquisition aims to strengthen Gilead's cancer drug pipeline,...
The Business Times (Singapore) – Companies & Markets
Deals•Feb 23, 2026
Sunway Healthcare Targets RM3 Billion IPO, AIA and EPF Among Potential Cornerstone Investors
Sunway Healthcare, a leading private healthcare provider in Malaysia, announced plans for an IPO that could raise over RM3 billion, the largest in the country in nearly a decade. AIA and Malaysia’s Employees Provident Fund are among more than 20...
The Business Times (Singapore) – Companies & Markets
Deals•Feb 23, 2026
CapitaLand Ascott Trust Expands Japan Portfolio with ¥4.6B Acquisition
CapitaLand Ascott Trust announced the acquisition of a Japanese property portfolio for 4.6 billion yen, expanding its holdings in Japan. The deal underscores the REIT's strategy to grow its hospitality assets in the region.
The Business Times (Singapore) – Companies & Markets
Deals•Feb 20, 2026
Funko Secures Investment From Pleasant Lake
Toymaker Funko has attracted investment from Pleasant Lake, a deal-focused investor. The funding will support Funko's growth and product expansion.
The Business Times (Singapore) – Companies & Markets
Deals•Feb 20, 2026
Del Monte Pacific Settles with US Unit's Creditors, Sells DMF Assets
Del Monte Pacific announced a settlement with the creditors of its US unit Del Monte Foods, approved by the US Bankruptcy Court on Feb 20. The settlement includes the sale of all DMF operating assets, with the broth and stock business...
The Business Times (Singapore) – Companies & Markets
Deals•Feb 18, 2026
Carrefour to Sell Romanian Unit to Paval Holding for €823M
Carrefour announced plans to sell its Romanian unit to Paval Holding for €823 million, as part of its strategic refocus on core markets. The deal was disclosed in a statement on Feb 18, 2026.
The Business Times (Singapore) – Companies & Markets
Deals•Feb 13, 2026
Centurion Corporation Unit Acquires 65% Stake in Factory Building Plot for S$4.8 Million
Centurion Corporation's subsidiary has purchased a 65% stake in a factory building plot for S$4.8 million, expanding its real estate portfolio. The acquisition was announced on February 13, 2026.
The Business Times (Singapore) – Companies & Markets
Deals•Feb 13, 2026
Offer for Low Keng Huat Closes with 96.88% Valid Acceptances
The acquisition offer for Low Keng Huat has closed, achieving a 96.88% valid acceptance rate. Reported on February 13, 2026, the deal signals a successful tender for the target company.
The Business Times (Singapore) – Companies & Markets
Deals•Feb 13, 2026
DayOne to Select Banks for $5B US IPO
Singapore‑based DayOne, backed by GDS, is preparing a US initial public offering valued at $5 billion. Sources say the company will soon appoint investment banks to manage the listing, marking one of the larger tech IPOs slated for this year.
The Business Times (Singapore) – Companies & Markets
Deals•Feb 12, 2026
Sen Yue Holdings Receives Take-Private Offer at S$0.008 per Share
Singapore-listed Sen Yue Holdings announced it has received a privatisation proposal offering S$0.008 per share, payable in cash or a share swap. The offer aims to take the company private, pending shareholder approval and regulatory clearance.
The Business Times (Singapore) – Companies & Markets
Deals•Feb 12, 2026
Advanced Systems Automation's Offer for Asti Faces Scrutiny From Sias
Sias, a shareholder, has urged Advanced Systems Automation to clarify its offer for Asti, raising concerns over governance and valuation. The call highlights uncertainties surrounding the proposed acquisition.
The Business Times (Singapore) – Companies & Markets