Culture
IHH Healthcare’s Q3 net profit rises 15% to RM616 million
Revenue is up 16% at RM6.6 billion, on the back of strong performances from key markets Malaysia and India[SINGAPORE] IHH Healthcare on Wednesday (Nov 26) posted a net profit...
China’s Didi Q3 revenue up 8.6% as costly overseas expansion accelerates
The company has accelerated overseas investment this year, notably expanding food delivery to additional cities[BEIJING] Didi Global reported an 8.6 per cent rise in third-quarter revenue on Wednesday (Nov...
McKinsey cuts about 200 tech jobs, shifts more roles to AI
The company is not ruling out additional reductions across different functions over the next two years[SINGAPORE] McKinsey & Co cut about 200 global tech jobs in the past week...
MOH orders Cordlife to stop collecting new cord blood in fresh blow to company
[SINGAPORE] Embattled cord-blood bank Cordlife received a notice from the Ministry of Health (MOH) to stop collecting, testing, processing and/or storing new cord blood, effective Wednesday (Nov 26).This means...
MOH orders Cordlife to stop collecting cord blood; company calls for trading halt
[SINGAPORE] Embattled cord-blood bank Cordlife received a notice from the Ministry of Health (MOH) to stop collecting, testing, processing and/or storing new cord blood, effective Wednesday (Nov 26).This means...
Hiew Yoon Khong’s exit: help list Mapletree or merge it with CapitaLand
Lay the foundations for Mapletree’s next chapter and let retail investors own equity in it HIEW Yoon Khong has been group chief executive officer of Temasek’s wholly owned Mapletree Investments...
Japan’s Nikkei surges after Wall Street’s gains
[TOKYO] Japan’s Nikkei share average surged on Wednesday (Nov 26), with tech stocks leading the charge in a broad-based rally after Wall Street closed higher overnight on increasing prospects...
Malaysia’s data centre hub tightens approvals on water worries
[KUALA LUMPUR] Johor, the Malaysian state emerging as a regional data centre hub, is raising the bar for new projects as authorities seek to curb the heavy water use...
China’s GWM targets 300,000 annual production with first Europe car plant
Chinese automakers are increasingly looking to expand overseas as a way of escaping a brutal, prolonged price war touched off by domestic overcapacity[BAODING, China] China’s Great Wall Motor (GWM)...
Indonesian fund to raise another 12.6 trillion rupiah from patriot bonds
[JAKARTA] Indonesian sovereign wealth fund Danantara is raising an additional 12.6 trillion rupiah (S$991 million) through a debt offering to the nation’s wealthiest businesses and families, bringing the total...
