Airbnb IPO filing shows Q3 profit of $294.6m amid pandemic
SAN FRANCISCO (REUTERS) – Airbnb’s initial public offering paperwork showed on Monday (Nov 16) the home rental start-up turned a profit in the third quarter due to aggressive cost cuts, […]
Businessman Mark Wee makes offer for Blumont at 80% discount
SINGAPORE (THE BUSINESS TIMES) – Businessman Mark Wee Liang Yee has triggered a mandatory unconditional cash offer to buy out Blumont Group after acquiring from Ultimate Horizon a 50.8 per […]
Asia stocks gain as vaccine shields Covid-19 second wave worries
SYDNEY (REUTERS) – Asia’s stock markets opened higher on Monday (Nov 16), as vaccine optimism offset worries about rising coronavirus cases in Europe and new lockdowns in the United States, […]
Japan exits recession as economy rebounds from record slump
TOKYO (AFP, REUTERS) – Japan’s economy exited recession in the third quarter, growing a better-than-expected 5 per cent, government data showed on Monday (Nov 16), as signs of recovery began to […]
Walmart to sell most of Japan supermarket chain Seiyu to KKR and Rakuten
TOKYO (REUTERS) – US retailer Walmart has agreed to sell most of Japanese supermarket chain Seiyu to investment firm KKR and e-commerce company Rakuten in a deal that values Seiyu […]
How business networks are helping members amid pandemic
SINGAPORE – With the Covid-19 pandemic showing no signs of abating, business networks in Singapore have been facilitating information exchanges through webinars and establishing new initiatives to support member businesses. […]
Unlikely partners join hands as part of Sweden-S’pore initiative
SINGAPORE – Two unlikely partners are gearing up to organise a virtual storytelling competition for migrant workers in Singapore. Local textile boutique Aaria Creations is linking up with British-Swedish pharmaceutical […]
Preserving wealth with gold you can touch
This is what more than $4 million worth of gold looks like. In all, these two stacks of pure gold bullion comprise 50 pieces, each smaller than the palm of […]
Singlife CEO channels funds to where he can add value
Cars may be depreciating assets in Singapore and are generally regarded as a poor investment from a financial standpoint, but Singlife founder and group chief executive Walter de Oude considers […]
Older interns impress with growth mindset
When Robert De Niro’s 70-year-old character takes up an internship at an e-commerce fashion start-up in the movie The Intern (2015), he starts off needing help with technology and not […]
Q: My employer owes me several months’ worth of salary and says he cannot afford to pay me yet because business is really bad due to Covid-19. What should I do?
A: Under the Employment Act, your employer must pay your salary within seven days after the end of a salary period, which cannot be longer than one month. For overtime […]
How parents can plan for their kids
Children’s happiness is often linked to the financial preparedness of their parents, and what is worrying is that a survey conducted by Income found that about 75 per cent of […]
Wall Street ends volatile week with gains, S&P at record
NEW YORK (AFP) – After an unpredictable week, Wall Street finished Friday (Nov 13) on a high note, shrugging off concerns over the surge in Covid-19 cases and new pandemic […]
Help from local start-up Cognicept Systems to deploy robots more easily and at lower cost
SINGAPORE – The disruptions on labour force and global supply chains amid the Covid-19 crisis have made companies and industries see the unique value of robots in mitigating the impact. […]
Helping firms deploy robots more easily and at lower cost
The disruptions on labour force and global supply chains amid the Covid-19 crisis have made companies and industries see the unique value of robots in mitigating the impact. Local start-up […]
Saving Christmas from Covid-19 critical for Britain’s economy
LONDON • Britain knows Christmas is coming when John Lewis Partnership launches its television ad. Selling the season as a time for acts of charity rather than any particular product, […]
Semiconductor firms face hiring challenges even amid sector boom
The semiconductor sector is booming and continues to offer good job opportunities despite the economic downturn caused by the Covid-19 pandemic. But the problem is that not enough people are […]
A third of the world’s air routes have been lost due to Covid-19
SYDNEY (BLOOMBERG) – Before the coronavirus, a decades-long aviation boom spawned a network of nearly 50,000 air routes that traversed the world. In less than a year, the pandemic has […]
Fed chief warns vaccine not immediate cure to economic risks with Covid-19 resurgence
WASHINGTON (BLOOMBERG) – Three of the world’s top central bankers warned on Thursday (Nov 12) that the prospect of a Covid-19 vaccine isn’t enough to put an end to the […]
WeWork losses mount but ‘seismic shift’ in office use seen helping recovery
NEW YORK (REUTERS) – WeWork Companies’ revenue declined in the third quarter but its cash burn slowed, a company memo showed on Thursday (Nov 12), with management confident the shared-workplace […]