Singtel posts $445 million Q1 profit, reversing year-ago loss
SINGAPORE (THE BUSINESS TIMES) – Singtel swung into the black with a net profit of $445 million for the first quarter ended June 30, compared with a net loss of […]
Global investors bet on China’s rental property amid shifting political winds
SHANGHAI (REUTERS) – Beijing’s regulatory firestorm is hitting large swathes of China’s economy, but global investors including Blackstone and Warburg Pincus are ramping up bets on Chinese rental properties, judging […]
In South Korea, self-made billionaires are overtaking old-money tycoons
SEOUL (BLOOMBERG) – A new elite of uber-rich entrepreneurs is shooting up the wealth rankings in South Korea, overtaking the families behind the country’s decades-old sprawling conglomerates known as chaebol. […]
How Sweden became the Silicon Valley of Europe
STOCKHOLM (REUTERS) – As Klarna’s billionaire founder Sebastian Siemiatkowski prepares to stage one of the biggest-ever European fintech company listings, a feast of capitalism, he credits an unlikely backer for […]
Dow, S&P 500 end at records after US inflation report
NEW YORK (AFP) – Major US stock indices ended at records for the second session in a row on Wednesday (Aug 11) after a closely-watched US report showed inflation moderating […]
Singapore ups trade forecasts again as Q2 non-oil exports surge 10.1%
SINGAPORE (THE BUSINESS TIMES) – Singapore has raised its trade forecasts for the third time this year, on the back of strong second-quarter growth in sectors such as electronics and […]
Singapore raises 2021 growth forecast to 6-7%; recovery ‘largely on track’ despite Delta variant
SINGAPORE – Singapore upgraded its economic growth forecast range for 2021 to 6 per cent to 7 per cent, taking into account the better-than-expected performance of its economy in the […]
Real-time data suggest Asia’s economy already feeling Delta hit
HONG KONG (BLOOMBERG) – Asia’s economies are already showing a hit from the surging Delta variant of Covid-19 as consumers stay at home and airplanes idle on the tarmac. Early […]
Ikea’s malls arm branches out into housing with new centre in China
STOCKHOLM (REUTERS) – Ikea’s shopping malls business, one of the world’s biggest, has kicked off the sales process for some 500 flats at its first ever mixed-use retail and residential […]
Dow, S&P 500 end at records as US infrastructure Bill advances
NEW YORK (AFP) – The Dow and S&P 500 ended at fresh records on Tuesday (Aug 10) as industrial companies and commodities producers advanced following Senate passage of a US$1.2 […]
HSBC lures US$9.3b in private banking inflows in Asia
HONG KONG (BLOOMBERG) – HSBC Holdings attracted US$9.3 billion (S$12.6 billion) in net new money for its private banking business in Asia during the first half, with client assets rising […]
United States Federal Reserve officials say tapering is near, advancing discussion on rate hike
NEW YORK (REUTERS) – Two Federal Reserve officials said on Monday that the United States economy is growing rapidly and that while the labour market still has room for improvement, […]
AMC posts upbeat results as people return to theatres
BENGALURU (REUTERS) – Cinema operator AMC Entertainment beat second-quarter revenue estimates on Monday, lifted by the return of movie-goers to its theaters after a year of closures and restrictions, sending […]
Temasek-backed UpGrad scores US$185m to join India’s unicorns
BENGALURU (BLOOMBERG) – UpGrad has raised US$185 million (S$251 million) from Temasek and other investors over a span of a few months this year, garnering a valuation of US$1.2 billion […]
Building a thriving tech ecosystem in Singapore
SINGAPORE – The start-up scene here has much to show for in 2021, producing an impressive string of built-in-Singapore unicorns, which are private companies now valued at more than US$1 […]
Reflecting on four transitions for a globally sustainable Singapore
SINGAPORE – Is there any other country whose national character so closely identifies with the notion that “no man is an island”? From a quiet fishing village with few resources, […]
Owndays ramps up hiring, office space as it grows Singapore footprint
SINGAPORE – Eyewear chain Owndays has set its sights on further growth with plans to ramp up its headcount in Singapore. The Japanese company, which employs 300 people here in […]
Economists see upgrade in Singapore’s 2021 growth forecast
SINGAPORE – The health prognosis of Singapore’s trading partners will likely have a significant bearing on how its trade-dependent economy performs through the rest of 2021. However, the phased easing […]
‘New things to learn every day’: Founder of logistics company believes in the future of the fast-growing sector
The container ship, freight train and 18-wheeler took Mr Kelvin Lim to places he had never imagined he would visit. They allowed him to meet new faces who would later […]
This former banker is on a mission to make investing more accessible for S’poreans in volatile times
When global stocks started to fall in February last year due to news about the impact of the Covid-19 pandemic, social media and online discussion boards were flooded with questions […]