Tencent chooses co-working space for its first Singapore office
Tencent Holdings has chosen a co-working space for its first office in Singapore, joining other Chinese technology giants in using the city state as a launching pad into the rest […]
Beware financial crisis emerging: World Bank
WASHINGTON • World Bank chief economist Carmen Reinhart said the coronavirus pandemic is turning into a major economic crisis and warned of the possibility of a financial crisis emerging. “This […]
Former CGS-CIMB broker jailed for manipulating Koyo shares
SINGAPORE (THE BUSINESS TIMES) – The Singapore court on Thursday (OCT 15) sentenced a former CGS-CIMB Securities employee to 20 months and 18 weeks’ jail for her involvement in manipulating […]
Fashion brands accused of exploiting millions of workers at risk of layoffs amid Covid-19
DHAKA (REUTERS) – Millions of garment workers could lose their jobs as global brands are demanding price cuts and delaying payments to suppliers who are desperate for orders to survive […]
Singapore non-oil exports grow at slower 5.9% pace in September
SINGAPORE – Singapore’s non-oil domestic exports (Nodx) grew at a slower pace in September, mainly driven by electronic goods from a low base last year, according to data from Enterprise […]
US tech mogul Robert Brockman charged in record tax evasion scheme
WASHINGTON (REUTERS) – Technology executive Robert Brockman has been charged in the biggest tax evasion case in US history after fellow billionaire Robert Smith turned against him to avoid prosecution […]
Uber joins forces with SK Telecom to crack tough South Korea market
SEOUL (REUTERS) – Uber Technologies said on Friday (Oct 16) it will invest over US$150 million (S$204 million) in a joint venture and partnership with South Korea’s SK Telecom Co […]
Malaysian workers’ return boosts home rental volumes in Singapore
The phased reopening of Singapore’s border with Malaysia brought some welcome relief for landlords last month. Rents and leasings for both Housing Board (HDB) flats and condominium units rose after […]
Struggle to find cheap room to rent near workplace
When Malaysian Chan Chee Hao walked across the Causeway to Singapore on the first day of the border reopening in August, he did not expect that he would join hundreds […]
TikTok owner Bytedance moving to bigger Singapore office at One Raffles Quay amid expansion plan
SINGAPORE (BLOOMBERG) – ByteDance, the Chinese owner of video app TikTok, is moving to a bigger office in Singapore’s financial district, paving the way for it to make the city-state […]
Mass air travel’s return at least two years away: Ong Ye Kung
SINGAPORE (BLOOMBERG) – The global aviation industry will take at least two years to recover from the coronavirus pandemic and mass travel to return, Singapore’s Transport Minister Ong Ye Kung […]
Court grants Hyflux ‘last’ adjournment to judicial management application
SINGAPORE (THE BUSINESS TIMES) – Hyflux has a last chance for a firm conclusion to one of three rescue deals currently on the table, as Justice Aedit Abdullah on Wednesday […]
Tycoon Oei Hong Leong discontinues legal action against Raffles Education
SINGAPORE (THE BUSINESS TIMES) – Raffles Education Corp (REC) substantial shareholder Oei Hong Leong has discontinued his latest legal action against the company in relation to its plan to raise […]
GIC looks to integrate climate change into investment portfolio
SINGAPORE (THE BUSINESS TIMES) – Sovereign wealth fund GIC will integrate climate change into its investment portfolio, a report noted today (Oct 14). This will involve evaluating the way long-term […]
Huawei in talks to sell parts of its Honor smartphone business: Sources
HONG KONG (REUTERS) – Huawei Technologies is in talks with Digital China Group and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch […]
Shares of PPE maker Medtecs up 7.4% after earnings boom
SINGAPORE (THE BUSINESS TIMES) – Shares of medical products supplier Medtecs International advanced further on Wednesday (Oct 14), following its stellar third-quarter financial results that were boosted by explosive demand […]
Top battery makers in talks over US$20b Indonesia electric vehicle plans
JAKARTA (BLOOMBERG) – Contemporary Amperex Technology (CATL) and LG Chem, two of the world’s top producers of batteries for electric vehicles (EV), have signalled they may join projects that could […]