Breaking News

NEW YORK (Oct 28): In the race to develop the next generation of nuclear reactors, China is increasingly challenging the US and other countries for dominance, according to tech billionaire Bill Gates.

“Their fusion and fission work is very impressive,” the Microsoft Corp co-founder said of China’s nuclear innovation efforts. The country is investing more in fusion “than the rest of the world put together, times two,” he added.

(Oct 23): China said Vice Premier He Lifeng plans to meet with US officials in Kuala Lumpur from Oct 24 to 27 for the next round of trade talks, aimed at defusing a standoff between the world’s two largest economies.

The meeting will take place in the Malaysian capital to “discuss important issues” in the bilateral trade ties, the Commerce Ministry said in a Thursday statement. He, Beijing’s top trade negotiator, held a call with Treasury Secretary Scott Bessent last week ahead of the planned in-person summit.

Industrial real estate developer Soon Hock Enterprise Holding plans to sell $48.1 million worth of shares as the latest company to list on the Singapore Exchange’s (SGX) Ma

Financial crime compliance remains a heavy burden. In Singapore, the average annual spend on anti-money laundering and know-your-customer (AML/KYC) operations now stands at US$68.2 million ($88.4 million) per firm, according to Fenergo’s 2025 Financial Crime Industry Trends Report. Despite the investment, the city-state’s financial institutions continue to grapple with onboarding inefficiencies that are costing them clients.

UOB Kay Hian is keeping an eye on Tai Sin Electric (TSE), a market-leading supplier of electric cables and wires (C&W) in Singapore. In an unrated report dated Oct 6, analyst Roy Chen believes that the company is a key beneficiary of the upbeat infrastructure demand in the region. S68

The group has production bases in Singapore, Malaysia and Vietnam that supports sales in the region. In its FY2025 ended June 30, C&W contributed to 86% of TSE’s operating profit.

Emerging market assets look set to cap a banner year, with investors expecting inflows into equities and bonds to gain momentum in the final quarter.  S68

Sentiment has rarely been this buoyant, with an HSBC Holdings Plc survey showing EM fund managers as the most bullish since the start of 2021 — when an everything rally was in full swing during the pandemic. Goldman Sachs Group Inc strategists said EM markets are “thriving, not just surviving,” as economic growth this year surpassed expectations despite higher tariffs.