The cost of taking care of parents
How much is the cost of filial piety in Singapore? Of course, you would say that the love and care that you shower on your parents are probably priceless. Please […]
Tips for buying big-ticket items
(BLOOMBERG) – I am not a fan of bold pronunciations about spending, like: Never buy a boat! Stop drinking lattes! Don’t buy a new car! They seem designed more to attract […]
Adidas ‘plans to sell’ struggling Reebok business
FRANKFURT • German sportswear company Adidas plans to sell its Reebok division, Germany’s Manager Magazin has reported, as the group seeks to put an end to its ill-fated investment in […]
Goldman Sachs to pay S’pore Govt $165m for role in 1MDB scandal
Goldman Sachs Singapore will pay US$122 million (S$165 million) to the Singapore Government for its role in the 1Malaysia Development Berhad (1MDB) bond offerings corruption scandal. The penalty is believed […]
STI ends week higher, in line with Wall Street
Local shares ended the week on a high, in tandem with Wall Street stocks that rose on hopes of a stimulus package. Market watchers noted that the final US presidential […]
Nanofilm IPO shares priced at $2.59; Temasek to take substantial stake
Nanofilm Technologies, a spin-off company of Nanyang Technological University (NTU), lodged its final prospectus yesterday, offering 77.2 million shares at $2.59 each for placement in its initial public offering (IPO) […]
Mastercard, MatchMove, Idemia to pilot fingerprint biometric card in Asia
Keying in a personal identification number (PIN) or signing a credit card bill may be a thing of the past if consumers take to a biometric card that uses fingerprint […]
Understanding Goldman Sachs’ role in the 1MDB mega scandal
KUALA LUMPUR (REUTERS) – Goldman Sachs on Thursday (Oct 22) reached a deal to settle a probe into the bank’s role in Malaysia’s 1MDB corruption scandal, which included total penalties […]
Singapore fines Goldman Sachs $165 million over 1MDB corruption scandal
SINGAPORE – Goldman Sachs Singapore will pay US$122 million (S$165 million) to the Singapore Government for its role in the 1Malaysia Development Berhad (1MDB) bond offerings corruption scandal. The penalty […]
Global integration will help S’pore firms grow, create jobs: Iswaran
Singapore should guard itself against nativist tendencies that can harm economic growth, warned Communications and Information Minister S. Iswaran yesterday. Mr Iswaran told virtual participants at a Singapore Business Federation […]
Business Briefs: CapitaLand Mall Trust
CapitaLand Mall Trust CapitaLand Mall Trust’s (CMT) distribution per unit rose 1.3 per cent to 3.1 cents for its third quarter ended Sept 30, from 3.06 cents a year ago. […]
Big-name Asian hedge funds draw billions in new money
HONG KONG • Established Asian hedge funds have attracted the lion’s share of new money this year, while start-ups have been hamstrung by global travel curbs that have made face-to-face […]
Tesla profit doubles as electric car deliveries surge
NEW YORK (AFP) – Tesla on Wednesday (Oct 21) said profits in the past quarter more than doubled as the electric car giant forecast deliveries hitting 500,000 this year. Net […]
Bitcoin surges past US$13,000 after PayPal embrace
NEW YORK (BLOOMBERG) – Bitcoin surged past US$13,000 (S$17,620) for the first time since July 2019 after PayPal Holdings announced it will allow customers to use cryptocurrencies. The largest digital […]
Hong Kong hub puts Cathay Airways in tighter corner than SIA
HONG KONG (BLOOMBERG) – They are both critically important to their domestic economies, highly regarded by customers and totally reliant on international travel. They are also in deep financial strife […]
Regional markets mixed on uncertainties in US
Regional investors seemed stuck in limbo yesterday seeking signs of certainty regarding a stimulus package in the United States while also keeping a wary eye on the looming presidential election […]
Pandemic speeds up labour shift to robots
ZURICH • Robots will destroy 85 million jobs at mid-sized to large businesses over the next five years as the Covid-19 pandemic accelerates changes in the workplace, a World Economic […]
Brazil police expand Car Wash probe to Petrobras trades of diesel, jet fuel in Asia and Europe
RIO DE JANEIRO (REUTERS) – Brazilian police expanded a long-running corruption probe at state-controlled oil company Petroleo Brasileiro or Petrobras based in part on secret recordings made by a former […]
Top Morgan Stanley commodities executives leave for WhatsApp breach: Sources
NEW YORK (BLOOMBERG, REUTERS) – The two most senior commodities executives at Morgan Stanley are leaving after compliance breaches linked to the use of communications tools such as WhatsApp, according […]
Netflix falls short on new subscribers as Covid-19 boost fizzles
BENGALURU (REUTERS) – Netflix on Tuesday (Oct 20) posted its weakest subscriber gains in four years as streaming competition increased, pandemic restrictions eased and live sports returned to television. The […]