Chanyaporn Chanjaroen

Four children of Indonesia's richest family inherit $3bn each Marking one of Asia's biggest wealth transfers in recent years.

DBS Group Holdings Ltd. is working on a succession plan for Peter Seah who has been the Singapore bank’s chairman for more than 16 years, according to people with knowledge of the matter.

Singapore’s police force has begun looking into Radiant World after receiving reports on the iron ore trader, a spokesperson said on Thursday.

DBS Group Holdings Ltd is working on a succession plan for Peter Seah, who has been the Singapore bank's chairman for more than 16 years, according to people with knowledge of the matter.

The owner of Indonesia’s PT Bayan Resources is in talks to sell a majority stake in the $28 billion miner to a consortium led by a rival tycoon, in what could be one of the country’s biggest coal deals.

Singaporean police raided the local office of iron ore trader Radiant World last week and questioned some of the firm’s employees, according to people familiar with the matter, part of an investigation into the company’s transactions after some counterparties raised concerns about allegedly falsified documents.

HSBC Holdings Plc is planning to overhaul its Singapore operations by combining its major banking services under one entity to streamline the structure, according to people familiar with the matter.

The investments underscore rising unease among business elite over measures from President Prabowo.

PT Bayan Resources has received a bid from Indonesian tycoon Andi Syamsuddin Arsyad that values the coal miner at a fraction of its market value, according to people familiar with the matter.

A lawsuit filed against DBS Group Holdings Ltd. in Singapore’s High Court is related to an associate of Jho Low, the alleged mastermind behind the multi-billion dollar 1Malaysia Development Bhd. scandal, according to the 1MDB Asset Recovery Taskforce.