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China slaps Alibaba with RMB 18.2 billion fine in monopoly probe
The Chinese government has fined technology giant Alibaba Group RMB18.2 billion yuan ($3.73 billion), according to a statement posted on the website of China’s State Administration for Market Regul
April 10, 2021
M&A
Mercurius share price jumps 20% on news to acquire Malaysia grocery businesses for $36 mil
Catalist-listed Mercurius Capital Investment's share price has jumped 20% following its announcement on April 9 that it has entered into a legally binding term sheet with seven individual
April 09, 2021
REITs
FLCT to join STI from April 13, replacing Jardine Strategic
The manager of Frasers Logistics & Commercial Trust (FLCT) has announced that the REIT will join the Straits Times Index (STI) from April 13.
April 09, 2021
M&A
BlackGold to acquire energy construction and mining group in Mongolia via $1 bil RTO deal
BlackGold Natural Resources has entered into a non-binding term sheet for the proposed acquisition of the entire issued and paid-up share capital of Tengri Coal and Energy (TEC) from MGL
April 09, 2021
Singapore economy
DPM Heng Swee Keat no longer next PM; to step down as Finance Minister
Deputy Prime Minister (DPM) Heng Swee Keat will step back as the leader of the fourth-generation (4G) leadership team of the People’s Action Party (PAP), adding an unfamiliar twist to the orderly s
April 09, 2021
Global Economy
Briefs: Tharman warns against crypto, Grab to list in New York, IMF upgrades GDP forecast
Tharman warns public against risks of crypto as world warms towards Bitcoin
April 09, 2021