Showing 1 - 10 of 25
Troubles mount for Stark hit by accounting scandal
Bloomberg News, Published on 21/06/2023
» Bondholders of Stark Corporation Public Company Limited called for immediate payment of about US$200 million after a special audit revealed accounting irregularities, the latest trouble for the Thai electrical components maker that has defaulted on debt and seen its shares plummet to near-zero.
Stark cites Russia-Ukraine war to exit €560m deal
Bloomberg News, Published on 20/06/2023
» Stark Corporation Public Company Limited, a Thai maker of electrical components engulfed in an accounting scandal, has cited the Russia-Ukraine war as a reason for pulling out of an agreement to buy a German maker of automotive cable solutions for €560 million (21.27 billion baht).
Singapore keen to play peacemaker as US-China tensions rise
Bloomberg News, Published on 09/03/2023
» SINGAPORE: Top trade official in Singapore said the city-state is willing to facilitate a dialogue between the United States and China to repair their relationship, as he described growing tensions between the world’s biggest economies as detrimental to the world.
Elon Musk sells $6.9bn of Tesla to avoid Twitter fire sale
Bloomberg News, Published on 10/08/2022
» Elon Musk sold US$6.9 billion of his shares in Tesla Inc, the billionaire’s biggest sale on record, saying he needed cash in case he is forced to go ahead with his aborted deal to buy Twitter Inc.
Casino firm in Singapore draws takeover interest
Bloomberg News, Published on 15/07/2022
» Shares in Genting Singapore Ltd jumped after Bloomberg News reported that the city-state’s casino operator is attracting takeover interest, as tourists start coming back to the Asian travel hub.
Opec+ agrees on bigger oil-production hikes
Bloomberg News, Published on 02/06/2022
» Opec+ will increase the size of its oil-supply hikes by about 50%, bowing to months of pressure from major consumers including the United States to help ease the pain of high energy prices.
Where will Elon Musk get cash for Twitter?
Bloomberg News, Published on 26/04/2022
» Elon Musk and Twitter Inc reached an agreement for the world’s richest man to buy the social networking platform for US$44 billion, resolving the pressing question of whether the company’s board would consent to the leveraged buyout deal.
Govt plans travel bubble talks with China to boost tourism
Bloomberg News, Published on 07/02/2022
» The government plans to hold travel bubble talks with China and Malaysia this month, days after resuming a quarantine-free visa programme to boost tourist arrivals seen as key to sustaining a nascent economic recovery.
Telenor to sell Wave Money stake to Yoma in move to exit Myanmar
Bloomberg News, Published on 17/01/2022
» Telenor Group agreed to sell a remaining 51% stake in a mobile financial services provider in Myanmar in a deal that will see Norway’s biggest telecommunications firm move a step closer to exiting a country that has seen increased civilian strife since a military coup last year.
Richest families in SE Asia look for the next unicorn
Bloomberg News, Published on 18/10/2021
» Some of Southeast Asia’s old-money tycoons are boosting investment in technology startups, looking to ride a wave of surging valuations as they seek to counter the fallout of the pandemic on businesses ranging from retail to hospitality and manufacturing.