Companies & Markets
Fullerton Fund Management, 65 Equity Partners to manage second Anchor Fund tranche
This follows the first launch of S$1.5 billion in 2022 to attract high-quality listings to Singapore
SoftBank secures US$40 billion loan to boost OpenAI investments
The loan underscores founder Masayoshi Son’s increasingly aggressive bet on AI
Singapore ramps up push to become Asia-Pacific’s gold trading hub amid rising investor demand
Plans are under way to develop gold-related capital market products to facilitate price discovery and build liquidity
Sembcorp chairman Tow Heng Tan to retire; Andreas Sohmen-Pao to succeed him from Jun 1
Yap Chee Keong will also step down as director and chairman of the audit committee on Apr 29, with Steven Phan taking over thereafter
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Jardine Cycle & Carriage appoints Freddy Lee as CEO from May 1
Lee will vacate his current role as the company’s finance director but continue to serve as executive director
China’s big banks post flat 2025 profit on margin squeeze
The lenders continue to suffer deteriorating lending margins and rising loan impairments
With ‘no place to hide’, traders spend sleepless nights as Iran war roils markets
Fund managers cut positions amid market volatility, uncertainty
Singapore stocks rebound on Friday, STI up 0.2%
iEdge Singapore Next 50 Index loses 0.7% or 10.72 points to 1,448.97
Low Tuck Kwong sues Peter Kwee for A$9.6 million over alleged material defects
This pertains to a S$32.2 million agreement to buy out Kwee’s shares in three companies that own properties
Novartis to buy US-based biotech firm Excellergy for up to US$2 billion
The transaction is expected to close in the second half of 2026
