If he were alive today, the rubber and pineapple king of 1930s Singapore would surely be asking whether the custodians of his empire just sold another chunk of it too cheaply.That's the unavoidable conclusion from the drama surrounding the takeover of United Engineers, where a general offer is flirting with failure after the emergence of a rival buyer willing to pay more than the price accepted by OCBC (Oversea-Chinese Banking Corp).United Engineers, a property and construction engineeri

The UN Security Council on Monday unanimously imposed new sanctions on North Korea, slapping a ban on textile exports and restricting shipments of oil products to punish Pyongyang for its sixth and largest nuclear test.

When Malaysian Prime Minister Najib Razak meets former golf partner Donald Trump in the White House on Tuesday, the elephant in the room will be a US criminal probe of an investment fund linked to Najib.While ties between the countries are solid, there are points of strain for the two leaders. One wrinkle is a Department of Justice investigation into alleged money laundering and embezzlement at state-owned 1MDB (1Malaysia Development Bhd).

China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the 150 billion dollars cryptocurrency market after the country outlawed initial coin offerings last week.The ban will only apply to trading of cryptocurrencies on exchanges, according to people familiar with the matter, who asked not to be named because the information is private.

Earlier this week, the world was bombarded with unfavourable news about bitcoin. Chinese media outlet, Caixin, posted an article that said China is planning to shut local bitcoin exchanges. If the report is true, this would be the PBoC's (People’s Bank of China) second move against cryptocurrency in less than a week. The bank declared ICOs (Initial Coin Offerings) illegal on September 4, 2017, which caused bitcoin prices to fall seven percent on September 8, 2017.

The Platinum Group, whose wholesale fashion mall in Bangkok attracts about 15 million people yearly, expects booming Chinese tourism to support its retail shopping centre due to open next year.The firm is investing about 6 billion baht ($180 million) in the project and is banking on the deep pockets of Chinese visitors to woo retailers, according to President Chanchai Phansopha.

Vietnam has delivered a sharp rebuke to China over military drills in the South China Sea, the second such warning in a week as tensions rise between the countries over the disputed waterway.China and Vietnam have long traded barbs over the strategic and resource-rich South China Sea, which Beijing claims most of.Tensions have flared in recent months, with Vietnam suspending an oil exploration project operated by Spain's Repsol in an area off its coast claimed by Beijing.In June, a meeti

As Kim Jong Un’s antics in North Korea capture global attention, China is quietly moving to bolster its grip on the disputed territory in the South China Sea.Last month, a Philippine lawmaker released photos he said showed Chinese fishing, coast guard and navy vessels surrounding a Philippine-occupied isle in the Spratly island chain, preventing planned repairs to a runway.

China’s move to create the world’s biggest power company is expected to be the first such government-managed mega-merger by the largest energy consumer.The newly created China Energy Investment Corp. - a combination of Shenhua Group Corp., the nation’s largest coal miner, and China Guodian Corp., one of its top-five power generators - may be the first of multiple consolidations, which Wood Mackenzie Ltd.