<div class=newsTextDataWrapInner>(June 18): Sembcorp Industries says its energy arm in India — Sembcorp Energy India Limited (SEIL) — is withdrawing a draft prospectus for listing.</div>

<div class=newsTextDataWrapInner>“Under Indian regulatory requirements, this upcoming change to SEIL’s capital structure necessitates the withdrawal of the draft red herring prospectus (DRHP) earlier filed by SEIL with the Securities Exchange Board of India,” said Sembcorp in a Monday night filing.</div>

<div class=newsTextDataWrapInner>However, Sembcorp says SEIL intends to re-file a revised DRHP at an appropriate time this year, taking into consideration market conditions, it added.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>For the moment, Sembcorp plans to subscribe to additional shares in SEIL and inject new equity to support the growth of its India renewable energy business.</div>

<div class=newsTextDataWrapInner>The investment in SEIL would be made through Sembcorp's wholly-owned subsidiary<a href="https://www.theedgesingapore.com/capital/spinoff-and-listing/sembcorp-holds-plans-list-india-energy-arm-favour-new-equity-injection" target="_blank">...(click on link for full story on theedgesingapore.com)</a> 
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Sembcorp Industries says its energy arm in India — Sembcorp Energy India Limited (SEIL) — is withdrawing a draft prospectus for listing.

“Under Indian regulatory requirements, this upcoming change to SEIL’s capital structure necessitates the withdrawal of the draft red herring prospectus (DRHP) earlier filed by SEIL with the Securities Exchange Board of India,” said Sembcorp in a Monday night filing.

Sembcorp holds off plans to list India energy arm in favour of new equity injection

Malaysia's inflation rate dipped to 1.8% in November, compared to 1.9% in October, marking the first decline since August 2021, according to the Department of Statistics Malaysia on Friday.

Malaysia's inflation eases slightly in November, driven by lower transport and tech costs

KUALA LUMPUR (Dec 20): The Council of the European Union (EU) has formally adopted the regulation on the postponement of application of the EU deforestation law by one year.

Council of EU adopts one-year postponement for deforestation law

Kedah-based Imperio Group has signed an agreement with Accor Group to open an ibis Styles hotel at its upcoming The Tenz integrated development in Alor Setar, Kedah. The hotel will be the first international hotel in the city.

Imperio Group partners Accor Group to open first international hotel in Alor Setar

Food delivery apps in India are promising to bring biryani to hot beverages at customers’ doorsteps in under 10 minutes, as competition for impatient consumers intensifies among digital platforms.

Disruptive 10-minute deliveries spread to India’s food business

Southeast Asia is fast emerging as an investment hot spot for AI leaders like Nvidia Corp and Microsoft Corp, which are plowing money into cloud services and data centres. But the region’s own young tech companies are failing to capitalise on the boom.

Southeast Asia has US$60b AI boom, but its own startups are missing out

For most retirees, a secure and sufficient income stream during retirement is the ultimate goal. Traditionally, this is achieved through either a defined benefit (DB) or defined contribution (DC) plan, where contributions made during working years help build a retirement income. While DB plans pl...

My Say: Worry-free retirement savings bonds for the nation and region

TA Securities said the Malaysian Anti-Corruption Commission clearing YTL Power International Bhd (KL:YTLPOWR) of any wrongdoing in the 1BestariNet project investigations, along with the favourable outcome of the Water Services Regulation Authority’s (Ofwat) PR24 final decision, removes key overhangs for the utility firm.

MACC clearance, Ofwat decision remove overhangs on YTL Power — TA Securities

China’s short-term bond yields slumped further to reach the psychological milestone of 1% for the first time since the global financial crisis, as traders ramped up bets on monetary easing.

China one-year yield sinks to 1% for first time since 2009

The International Monetary Fund views Wednesday's Federal Reserve interest rate cut and adoption of a more cautious outlook as appropriate given high US economic uncertainty, IMF spokesperson Julie Kozack said on Thursday.

IMF says Fed taking appropriate action on rates given high US uncertainty

SYDNEY (Dec 20): Dealmakers expect the momentum for new share sales in India, now the world’s busiest market for initial public offerings (IPOs), and Australia in 2025, will cushion the impact of sluggish Chinese deals in the Asia Pacific.

India, Australia brighten new share sales prospects for 2025 in Asia Pacific

Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended mostly lower on Thursday in line with the weaker soybean oil performance on the Chicago Board of Trade (CBOT), said palm oil trader David Ng.

CPO futures close mostly lower in sync with weaker soybean oil prices

(Dec&nbsp;20):&nbsp;A federal judge confirmed an 18-year prison sentence for Archegos Capital Management founder Bill Hwang, rejecting arguments that he should be allowed to spend a third of that time in the comfort of his own home.

Bill Hwang’s bid to reduce 18-year prison term is rejected

Shares of YTL Power International Bhd (KL:YTLPOWR) resumed their rally to climb to a four-month high in morning trade, after the Malaysian Anti-Corruption Commission (MACC) cleared YTL Power's subsidiary of any wrongdoing in the 1BestariNet project investigations.

YTL Power resumes rally to climb to four-month high after MACC clearance

(Dec&nbsp;20):&nbsp;US stocks ended a choppy session with modest losses, struggling to rebound from the selloff they suffered after the US Federal Reserve dialed back rate-cut expectations for next year.&nbsp;

Stocks fail to recover from Fed-fuelled selloff

DELAWARE/SAN FRANCISCO (Dec 19): A licence dispute between Arm Holdings and Qualcomm went before a jury on Thursday, after attorneys from both sides completed closing arguments.

Jury deliberates in Arm, Qualcomm trial after closing arguments wrap

Police have recorded the statement of blogger Wan Muhammad Azri Wan Deris, better known as Papagomo, regarding his allegedly defamatory and insulting remarks against the Inspector-General of Police and the security forces.

Inspector General of Police Tan Sri Razarudin Husain said Wan Muhammad Azri had his statement recorded at 3pm Thursday at the Setapak police station.

Police record Papagomo's statement over defamatory remarks against IGP, PDRM

(Dec 20):&nbsp;Asian stocks traded in a tight range early Friday, after the US Federal Reserve’s hawkish pivot continued to weigh on US equities and bonds but lifted the dollar.

Asian stocks fluctuate after downbeat US session

(Dec&nbsp;20):&nbsp;A look at the day ahead in Asian markets.

Seeking respite from Fed; PBOC set to hold the line

Southeast Asia is fast emerging as an investment hot spot for AI leaders like Nvidia Corp and Microsoft Corp, which are plowing money into cloud services and data centres. But the region’s own young tech companies are failing to capitalise on the boom.

KUALA LUMPUR (Dec 20): Malaysia’s Foreign Minister Datuk Seri Mohamad Hasan is currently in Bangkok, Thailand, attending the Asean&nbsp;Troika Informal Consultation and Extended Informal Consultation sessions.

Malaysian foreign minister attends Asean Troika consultations in Bangkok

(Dec 20):&nbsp;BlackRock Inc. said it’s writing down the value of one of its flagship renewable funds after two key investments for the vehicle collapsed, and it’s enlisting executives from its recently acquired Global Infrastructure Partners business to help turn around performance.

In...

BlackRock writes down flagship renewable fund, overhauls leaders

President-elect Donald Trump said Congress should get rid of the debt ceiling, NBC News reports citing a phone interview with him on Thursday.

Trump would support abolishing the debt ceiling, NBC reports

SYDNEY (Dec 20): Dealmakers expect the momentum for new share sales in India, now the world’s busiest market for initial public offerings (IPOs), and Australia in 2025, will cushion the impact of sluggish Chinese deals in the Asia Pacific.

LOS ANGELES/BENGALURU (Dec 19): FedEx announced the&nbsp;much-anticipated spinoff&nbsp;of its&nbsp;freight&nbsp;trucking division on Thursday, as it restructures operations to focus on its core delivery business.

FedEx to spin off its freight trucking business

China’s short-term bond yields slumped further to reach the psychological milestone of 1% for the first time since the global financial crisis, as traders ramped up bets on monetary easing.

TOKYO (Dec 20):&nbsp;Japan’s core inflation accelerated in November as rising food and fuel costs hit households, data showed on Friday, keeping the central bank under pressure to raise interest rates.

Japan’s core inflation accelerates, keeps BOJ rate-hike chance alive

The International Monetary Fund views Wednesday's Federal Reserve interest rate cut and adoption of a more cautious outlook as appropriate given high US economic uncertainty, IMF spokesperson Julie Kozack said on Thursday.

(Dec 20): Bankrupt retailer Big Lots Inc. no longer anticipates it can complete its asset sale to private equity firm Nexus Capital Management LP and will commence the sale of its stores in coming days to protect the value of its real estate.

The discount chain that employs more than 27...

Big Lots sale to Nexus falls apart, plans to close business

(Dec 20): South Korea’s financial market regulator is increasing pressure on lenders to clean up troubled real estate loans as the nation’s political turmoil hurts economic growth.

Korean financial institutions will “organize and restructure” 16.2 trillion won ($11.2 billion) of loans i...

Korean lenders to clean up bulk of property loans amid turmoil

(Dec 20):&nbsp;France’s debt agency kept its issuance plans for 2025 unchanged from an initial target as it awaits a new budget following the ouster of the government earlier this month.

Agence France Tresor, or AFT, said it will sell €300 billion ($312 billion) in government bonds next...