Insurers buy mortgages outright in new twist
Yield-hungry insurance firms are adopting an unconventional strategy. They’re skipping mortgage-backed bonds and buying the underlying whole loans outright.
Hong Seng acquires HSF for RM45mil
Hong Seng Consolidated Bhd’s wholly owned subsidiary HS Green Valley Sdn Bhd (HSGV) has entered into an agreement to acquire…
ILB Group unit makes double buy
ILB Group Bhd’s wholly owned subsidiary IL Energy Sdn Bhd (ILE) has agreed to purchase all of Armani Sinar Sdn…
SKP poised for stronger earnings in FY25
SKP Resources Bhd is expected to deliver stronger earnings performance for financial year 2025 (FY25) as its order visibility has…
Employees at China financial firms face pay clawbacks
Some of China’s largest state-backed financial firms are asking employees in Hong Kong to return a portion of their pay,…
Sarawak has vast resources for green energy
Sarawak is committed to growing its clean energy generation sector following the vast opportunities for investors to collaborate with the…
Thai billionaire plans US$20.5bil telco, energy merger
Thai billionaire Sarath Ratanavadi plans to merge his listed power company with an affiliate that owns the nation’s most-valuable mobile…
New Zealand may miss 2035 emission target
New Zealand could miss its 2035 emissions reduction target, despite being on track to meet climate-change goals for 2022 to…
Europe’s green hydrogen targets need reality check
The European Union’s (EU) plan to rapidly expand its green hydrogen market is “overly ambitious”, according to the bloc’s spending…