Business
Chinese investors chase returns abroad as local markets struggle
CHINESE investors’ demand for better returns overseas is so strong that even an expanded purchase quota for some funds is selling out…
Section
Business
Business
Geopolitical conflicts cloud Singapore fund managers’ outlook for 2025: Imas survey
SINGAPORE fund managers are anticipating an escalation in geopolitical conflicts, which will leave a material impact on the global economy…
Business
Singapore police partner banks to prevent S$73 million in potential scam losses
Two-month operation relies on robotic process automation technology to detect possible victims, enabling authorities to reach out to them…
Business
DBS shares reach S$45 for the first time
Shares of Singapore’s biggest bank DBS soared to S$45 for the first time on Wednesday (Jan 8). The stock was trading at S$45.14 in the…
Business
DBS shares hit S$45 for the first time
Shares of Singapore’s biggest bank DBS reached S$45 for the first time on Wednesday (Jan 8). The stock crossed that milestone to trade at…
Business
DBS shares crosses S$45 for the first time
Shares of Singapore’s biggest bank DBS reached S$45 for the first time on Wednesday (Jan 8). The stock crossed that milestone to trade at…
Business
Tyre maker Goodyear to sell Dunlop brand to Japan’s Sumitomo Rubber for US$701 million
GOODYEAR Tire & Rubber said on Tuesday (Jan 7) that it will sell its Dunlop brand to Japan’s Sumitomo Rubber Industries for US$701 million…
Business
TikTok, Alibaba push Indonesia e-commerce pioneer Bukalapak into retreat
INDONESIAN e-commerce pioneer Bukalapak.com will stop selling physical goods, underscoring the cut-throat competition in a market where…
Business
China renews car trade-in subsidy to boost hybrid, EV sales
CHINA has renewed a trade-in subsidy of up to 20,000 yuan (S$3,724) to help underpin sales of fuel-efficient vehicles, including electric…
Business
Hong Kong Airport Authority sells record HK$18.5 billion of bonds
THE Airport Authority of Hong Kong sold HK$18.5 billion (S$3.3 billion) of bonds in the largest-ever issuance in the financial hub’s local…
Business
Japanese chipmaker Renesas to cut less than 5% of global workforce
JAPANESE chipmaker Renesas Electronics will cut less than 5 per cent of its global workforce, amounting to fewer than 1,000 positions, as…
Business
Micron invests US$7 billion in Woodlands advanced packaging site; 1,400 jobs to be created
MICRON Technology broke ground on its high-bandwidth memory (HBM) advanced packaging facility on Wednesday (Jan 8) in Singapore, adjacent…
Business
Centurion hits record high, surges 6.3% after news that it is exploring a Reit listing
SHARES of accommodation assets operator Centurion surged 6.3 per cent on Wednesday (Jan 8) following the previous day’s news that it is…
Business
Centurion surges 6.3% after news that it is exploring a Reit listing
SHARES of accommodation assets operator Centurion surged 6.3 per cent on Wednesday (Jan 8) following the previous day’s news that it is…
Business
Amazon’s AWS to invest US$11 billion in Georgia to boost AI infrastructure development
AMAZON.COM said on Tuesday (Jan 7) that its cloud computing division, Amazon Web Services (AWS), plans to invest about US$11 billion to…
Business
Gold flat as US yields, dollar rise on strong data
GOLD prices were flat on Wednesday (Jan 8), pressured by higher yields and a stronger dollar after US data suggested the Federal Reserve…
Business
JPMorgan quits climate finance group, following Citi, Bank of America
JPMORGAN Chase just became the last of Wall Street’s biggest banks to abandon the industry’s largest climate-finance alliance. The No 1 US…
Business
Cordlife’s Teo Tong Kooi resigns as chairman; Zhai Lingyun steps up
EMBATTLED cord-blood bank Cordlife Group announced on Wednesday (Jan 8) that Zhai Lingyun, the company’s non-independent non-executive…
Business
China’s richest regions cut electricity prices to protect industries
MORE Chinese regions are cutting electricity prices to help out their embattled industries, which is likely to worsen the squeeze on…
Business
STI ends up 1.5%; banks, Yangzijiang Shipbuilding lead gains
SINGAPORE shares ended higher on Wednesday (Jan 8), led by gains in the local banks and Yangzijiang Shipbuilding. The Straits Times Index…
Business
ExxonMobil signals weaker performance across the board to hurt Q4 profits
EXXONMOBIL signalled on Tuesday that sharply lower oil refining profits and weakness across all its businesses would reduce its…
Business
Hong Kong banks hoard record piles of cash as economy sputters
HONG Kong banks are hoarding cash and liquidity despite calls by the government to help out struggling small businesses with funding to…
Business
Stoneweg E-Reit’s portfolio value inches up 0.3% in H2 2024
STONEWEG European Real Estate Investment Trust’s (Stoneweg E-Reit) portfolio valuations crept up 0.3 per cent for the second half of the…
Business
Samsung Q4 profit outlook misses estimates by large margin as chip issues drag
SAMSUNG Electronics released on Wednesday a fourth-quarter operating profit estimate that missed analyst estimates by a large margin, as…