Anshuman Daga

Malaysia Airlines' parent company is still holding negotiations with lessors and creditors over a restructuring plan to keep the carrier alive, but the talks are taking longer than planned, according to a staff memo seen by Reuters.

The court-appointed manager for Ocean Tankers Pte Ltd has applied to the Singapore court to return most of the ships the company manages to the shipowners, as cash is running low and Ocean Tankers will not be able to maintain the fleet, two sources with knowledge of the matter told Reuters.

Singapore banks are seeing a sharp upgrade to next year's earnings estimates as wealth management fees surge and losses on coronavirus-related loans ease, pointing to a recovery in Asia's banking industry.

Southeast Asia's Grab has told employees the ride-hailing and food delivery company is well placed to make acquisitions as it talked up its strengths after a report that it was close to a merger with rival Gojek.

Southeast Asian ride-hailing and food delivery firm Grab is seeking a $750 million term loan, a term sheet showed on Monday after it announced that total group net revenue jumped by about 70% year-on-year in 2020 and had recovered to comfortably above pre-pandemic levels.

Singapore Airlines (SIAL.SI) launched its first U.S. dollar bond on Wednesday, attracting demand for over $1.5 billion, according to a term sheet seen by Reuters.

Singapore's Temasek Holdings (TEM.UL) said its CEO Ho Ching is retiring from the state investor after heading it for 17 years with senior executive Dilhan Pillay Sandrasegara to take over from Oct. 1.

Indonesia's biggest tech firm GoTo Group is braving weak global markets with a public offering of up to $1.3 billion this month, marking the country's second-biggest issue ever amid strong local investor interest for technology stocks.

Jefferies Financial Group Inc. hired a banker from Mizuho Financial Group Inc. to lead its private credit advisory business in India, the latest firm to wade into the nation’s booming alternative funding market.

QXO said on Monday it secured an additional $1.8 billion in financing led by Apollo Global Management , Temasek and other investors, as billionaire