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Expectations of an imminent interest rate cut by the Federal Reserve have dampened the profitability outlook for banks across Asia Pacific. As global rates moderate, regional lenders are already seeing pressure on interest income — a core driver of bank earnings. Compounding this are other structural challenges. According to Fitch Ratings, banks in Singapore are navigating thinner net...

Knight Frank’s Asia-Pacific Data Center report showed Wednesday that in the first half of this year, the region secured nearly 13 gigawatt (GW) of new project announcements, a 160 percent increase and more than double the 5GW announced in the same period last year. The funding needed for these projects already exceeds $180 billion, the global real estate consultancy and estate agency...

Maybank Investment Bank said Friday that it sees minimal pushback from the second round of seller commission raise from Sea‘s e-commerce arm Shopee. The research house said in a note that its its regional surveys (conducted in April to May) suggests limited volume disruption and a high degree of pass-through to buyers. According to its ecommerce buyer and seller survey, only about 13...

Malaysia-based KLK Land, a wholly owned subsidiary of Kuala Lumpur Kepong Berhad (KLK), has launched KLK TechPark, a 1,500-acre integrated industrial hub in Tanjong Malim. The firm said in a statement on Friday the development is projected to generate a gross development value of MYR 3.5 billion ($830 million) over the next ten years. Phase 1 will see the Chinese automaker BYD as the anchor...

X-FAB, the Germany-based analog/mixed-signal and specialty foundry, has expanded its manufacturing site in Sarawak, Malaysia with $600 million investment. The firm said in a statement on Friday that it has launched a new state-of-the-art manufacturing line at its Sarawak facility. This major expansion – representing a $600 million investment – marks a significant milestone for...