When investors own over 100 homes
(BLOOMBERG) – In Canada, a home is no longer just a home – it is an investment. The country now has one of the world’s hottest real estate markets and […]
Sydney firm bucks hybrid work trend, adds more space and piano to get staff back
(BLOOMBERG) – It is literally music to the bosses’ ears. Canadian investment giant Brookfield Asset Management is bucking the hybrid work trend by introducing a slew of creative measures, including […]
Ex-property agent caught on video allegedly making racist remarks on MRT train offered $5k bail
SINGAPORE – A woman who had been caught on video making purportedly racist remarks has been offered bail of $5,000 after she was remanded at the Institute of Mental Health […]
IMF sees much stronger US growth, 2021 GDP up 7.0%
WASHINGTON (AFP) – The IMF is bullish on the US economic recovery, predicting growth will hit 7 per cent this year – much stronger than previously forecast and “the fastest […]
TikTok bumps up video length to 3 minutes
SAN FRANCISCO (AFP) – TikTok on Thursday began letting users post videos up to three minutes in length, tripling the prior cap to stay ahead of competitors. TikTok is believed […]
Indonesia close to IPO overhaul to lure mega tech listings like Bukalapak, GoTo
JAKARTA (BLOOMBERG) – Indonesia is close to finalising a sweeping revamp of listing rules, paving the way for South-east Asian start-up giants from Bukalapak.com to ride-hailing leader GoTo to go […]
Singapore inks deal with GSK to purchase Covid-19 drug sotrovimab
SINGAPORE (THE BUSINESS TIMES) – Singapore has inked a deal with drugmaker GlaxoSmithKline Singapore and clinical-stage immunology firm Vir Biotechnology for the supply of a medication for patients with mild […]
Elon Musk to invest up to $40 billion in his Starlink satellite Internet service
BARCELONA (REUTERS) – Billionaire entrepreneur Elon Musk said on Tuesday (June 29) he plans to invest up to US$30 billion (S$40.4 billion) to develop his ambitious Starlink satellite Internet service. […]
South Africa to tighten oversight of crypto assets after series of scams
JOHANNESBURG (BLOOMBERG) – South Africa is moving with more urgency to stiffen oversight of cryptocurrency assets after a proliferation of scams. A new regulatory timeline foresees finalising a framework in […]
US banks hike dividends after clearing Fed stress tests
NEW YORK (REUTERS) – Morgan Stanley, JPMorgan, Bank of America, Goldman Sachs and Wells Fargo said on Monday (June 28) they were hiking their capital payouts after the US Federal […]
Carousell exploring US listing via Spac
SINGAPORE (BLOOMBERG) – Singapore-based online classifieds marketplace operator Carousell is considering a United States listing via a merger with a blank-cheque company, according to sources with knowledge of the matter. The […]
Over 1,700 PMDs disposed of since fatal Woodlands lift fire
SINGAPORE – Three years ago, Mr Muhammad Sofiyan, 32, who is self-employed, used his personal mobility device (PMD) for food delivery jobs. Then, in late 2019, the Land Transport Authority […]
Hong Kong’s accountants push back after government power grab
HONG KONG (BLOOMBERG) – The staid accounting profession is the latest to be rattled by the chaotic changes sweeping through Hong Kong. The government, via a blog post, this month […]
Two Fed officials say ‘temporary’ US inflation surge may last longer than thought
WASHINGTON (REUTERS) – A period of high inflation in the United States may last longer than anticipated, two US Federal Reserve officials said on Wednesday (June 23), prompting one to […]
Yellen warns of ‘unthinkable’ US default risk in August without debt limit hike
WASHINGTON (REUTERS) – United States Treasury Secretary Janet Yellen on Wednesday (June 23) warned Congress that the US risks a debt default and a new financial crisis as soon as […]
Bitcoin bounces back after tumbling below US$30,000 threshold
NEW YORK (BLOOMBERG) – Bitcoin whipsawed investors by tumbling below US$30,000 for the first time since January and erasing gains for the year before recouping the day’s losses. The original […]
PSP takes up Shanmugam’s challenge to debate Ceca and foreign employment policies
SINGAPORE – The Progress Singapore Party (PSP) has accepted the challenge to debate employment policies and the Singapore-India Comprehensive Economic Cooperation Agreement (Ceca), said Non-Constituency MP Leong Mun Wai on […]
Fed chief offers more assurances on US economy despite inflation
NEW YORK (AFP) – The United States economy remains on a positive trajectory even as it contends with higher inflation, according to congressional testimony released on Monday (June 21) by […]
Resilient and sustainable infrastructure is also about reducing inequality: Indranee Rajah
SINGAPORE – Cities need to build infrastructure not only to withstand climate change and pandemics, but also to reduce inequality and strengthen society’s resilience, said Minister in the Prime Minister’s […]
S’pore resumes dining in: Patrons glad that Covid-19 curbs eased but many still opt for takeaways
SINGAPORE – There were no big crowds at hawker centres and coffee shops on Monday morning (June 21) when dining in resumed for groups of two. But those The Straits Times (ST) […]