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Insurance 28 Aug 2020 | 7:00 AM

MetLife, AMMB to weigh sale of insurer

KUALA LUMPUR: The owners of AmMetLife Insurance Bhd are exploring options for their Malaysian life insurance business, which could fetch as much as US$600mil (RM2.5bil) in a sale, people familiar with the matter said.

Technology 28 Aug 2020 | 7:00 AM

Bain-backed Kioxia launches US$3.6bil IPO

TOKYO: Kioxia Holdings, the world’s second-largest maker of flash memory chips, will list on the Tokyo Stock Exchange on Oct 6 in an initial public offering (IPO) worth up to US$3.6bil, a regulatory filing showed.

Property 28 Aug 2020 | 7:00 AM

AIP, Tokyu Land plan REIT IPO for Australian properties

SINGAPORE: South Korea’s AIP Asset Management Co and Tokyu Land Corp are planning a real estate investment trust listing in Singapore backed by Australian commercial properties as soon as this year, according to people familiar with the matter.

Markets 28 Aug 2020 | 7:00 AM

NYSE plan approved

NEW YORK: The United States Securities and Exchange Commission has said it has approved a proposal by the New York Stock Exchange to allow companies to raise capital through direct listings.

#Abidinideas 28 Aug 2020 | 7:00 AM

Letters on (and of) support

I WROTE a support letter last week.

Investment 28 Aug 2020 | 7:00 AM

China’s spending on R&D rises to historic high in 2019

BEIJING: China’s spending on research and development (R&D) hit a record high at 2.23% of its GDP in 2019, up by 0.09 percentage points from the previous year, data from the National Bureau of Statistics (NBS) showed.