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Malaysian billionaire Jeffrey Cheah's Sunway wins shareholder approval for $2.7B IJM takeover bid
Malaysian billionaire Jeffrey Cheah's flagship conglomerate Sunway has secured shareholder approval for its proposed RM11 billion (US$2.76 billion) takeover of construction firm IJM.
Japanese retail chain Daiso to shutter second Singapore store within 4 months
Cheaper than Ozempic: Indian billionaires bet big on affordable weight-loss drugs
World's 2nd largest brewer Heineken to scale down Singapore production, shift output to Malaysia, Vietnam
Heineken, the world's second-largest brewer by market value, will wind down large-scale production in Singapore by the end of 2027 and shift it to sites in Malaysia and Vietnam.
March 25, 2026 | 07:29 pm PT
31-year-old Hanoi jewelry chain Bao Tin Minh Chau to reopen after police raid
Major jewelry chain Bao Tinh Minh Chau will resume operations at noon Thursday after shutting down several stores Wednesday due to a police inspection.
March 25, 2026 | 06:42 pm PT
Police seen at outlets of major gold trader in Hanoi
Police officers were seen at several stores of major jeweler and gold trading firm Bao Tin Minh Chau in Hanoi on Wednesday afternoon.
March 25, 2026 | 04:20 am PT
Popular Chinese education entrepreneur Zhang Xuefeng dies at 41
Zhang Xuefeng, a famous Chinese online tutor and entrepreneur in the education field, has died of a sudden cardiac arrest at age 41.
March 25, 2026 | 01:08 am PT
Grab to buy Delivery Hero's Foodpanda Taiwan business for $600M
Southeast Asia's biggest ride-hailing and delivery firm, Grab, would pay $600 million in cash for Delivery Hero's Foodpanda delivery business in Taiwan, in its first expansion outside the region.
March 24, 2026 | 03:36 pm PT
Airlines to cut flights as war hits fuel supply
Vietnam Airlines plans to temporarily suspend flights on several routes and Bamboo Airways is mulling a reduction in frequency on some routes amid dwindling jet fuel supply and surging prices.
March 23, 2026 | 08:29 pm PT
Cambodian supplier to halt liquefied petroleum gas sales due to supply shortage
Sokimex, a supplier of premium cooking and burning fuel in Cambodia, has said it will halt sales of liquefied petroleum gas starting next month due to supply disruptions.
March 23, 2026 | 08:29 pm PT
Chinese influencer with $14M in monthly sales disappears after alleged US$10 beauty product scam
A Chinese influencer with three million followers and sales of CNY100 million yuan (US$14 million) a month has deleted her social media account following allegations of deceiving elderly customers in cosmetics sales.
March 23, 2026 | 01:26 am PT
Chinese tea chains expand in South Korea to challenge coffee culture
Chinese tea brands are stepping up expansion in South Korea, challenging the long-standing dominance of coffee as demand grows for healthier beverage options.
March 22, 2026 | 08:30 pm PT
From ‘nepo baby’ doubts to leadership: 3rd-generation Yeoh Pei Xien’s journey to manage Malaysia’s hospitality giant YTL Hotels
Born into one of Southeast Asia’s most prominent business families, Yeoh Pei Xien has navigated expectations and self-doubt to carve out her role within YTL Hotels, blending inherited legacy with hard-earned experience.
March 22, 2026 | 05:32 am PT
Malaysian construction firm IJM’s leaders urge rejection of $2.8B takeover bid from billionaire Jeffrey Cheah’s Sunway
The board of Malaysia-based construction firm IJM Corp. has called on shareholders to reject an MYR11 billion ($2.8 billion) takeover offer from Sunway Group – the flagship company of Malaysian billionaire Jeffrey Cheah.
March 21, 2026 | 11:31 pm PT
Gas firm backed by Malaysian billionaire Syed Mokhtar Albukhary secures approval for $765M LNG facility
Gas Malaysia, backed by billionaire Syed Mokhtar Albukhary’s MMC Corporation, has gained regulatory approval for a liquefied natural gas facility in Malaysia with an estimated development cost of up to RM3 billion (US$765 million).
March 20, 2026 | 01:17 am PT
China’s hotpot chain Haidilao named world’s strongest restaurant brand for second straight year
China’s hotpot brand Haidilao has been named "the world’s strongest restaurant brand" for the second year in a row with a double-digit growth in value.
March 19, 2026 | 07:05 pm PT
Malaysian billionaire king’s daughter named chairman of 5G network provider U Mobile
Tunku Tun Aminah Sultan Ibrahim Ismail, daughter of Malaysia’s billionaire king Sultan Ibrahim Iskandar, has replaced local tycoon Vincent Tan as chairman of U Mobile, the country’s second 5G network provider.
March 19, 2026 | 02:57 pm PT
David Yong, star of Netflix’s 'Super Rich In Korea', accused of allowing company to issue over $860,000 in unlawful loans
David Yong, a businessman featured in Netflix's variety show "Super Rich In Korea", has been hit with two charges linked to illegal moneylending after allegedly permitting a company to issue more than S$1.1 million (US$860,000) in loans without proper authorization.
March 19, 2026 | 01:58 am PT
Malaysian billionaire Jeffrey Cheah's Sunway Healthcare surges 37% on market debut
Sunway Healthcare, part of billionaire Jeffrey Cheah's Sunway conglomerate, jumped 37% on its Wednesday market debut after raising RM2.86 billion (US$732 million) in Malaysia's biggest initial public offering in nearly a decade.
March 18, 2026 | 01:00 am PT
Singapore’s largest mobile network Singtel hit by 2nd disruption in 2 days
Some users of Singtel, Singapore’s largest mobile network, experienced connection issues Tuesday, a day after its services were disrupted for more than eight hours, causing frustration to users.
March 17, 2026 | 08:49 pm PT
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