Culture
Trump’s credit card cap will hurt consumers and economy: JPMorgan
It is a surprise move that has blindsided the industry, and has sent financial banking stocks tumbling[NEW YORK] Top JPMorgan executives, including chief executive officer Jamie Dimon, warned that...
Catalist-aspirant Toku to sell 65 million shares at S$0.25 apiece for its initial public offer
The company will raise net proceeds of S$13.7 million; post-listing, it will execute its expansion plans[SINGAPORE] A listing on the Catalist board of the Singapore Exchange (SGX) will raise...
CICT to divest Bukit Panjang Plaza for S$428 million
The sale is being undertaken to optimise the Reit’s portfolio and to give it greater financial flexibility[SINGAPORE] CapitaLand Integrated Commercial Trust (CICT) has agreed to divest Bukit Panjang Plaza...
Singapore stocks edge up in line with regional rise; STI gains 0.1%
Across the broader market, advancers outnumber decliners 338 to 214, with 1.7 billion shares worth S$1.6 billion changing hands[SINGAPORE] Singapore shares ended higher on Wednesday (Jan 14) as stock...
China investigates Trip.com over alleged antitrust conduct
[BEIJING] China is investigating Trip.com Group, the country’s largest online travel agency, over alleged antitrust conduct, according to the State Administration for Market Regulation.The company is being investigated for...
Jollibee CFO says growth supports 2027 US listing of international arm
The international business accounts for 6,800 of 10,300 stores by the end of last year’s third quarter[MANILA/SINGAPORE] Jollibee Foods’ international business is “ready to be a standalone”, its global...
Luxury retailer Saks Global files bankruptcy after turnaround fails
US$1 billion debtor-in-possession financing, pending court approval, will fund Saks’ operations and turnaround[NEW YORK] Saks Global Enterprises filed for bankruptcy to address mounting losses and a substantial debt load...
At least 32 killed after crane falls on train in Thailand
[BANGKOK] A train derailed in northeastern Thailand on Wednesday (Jan 14) after a construction crane fell on three of its carriages, killing at least 32 people and injuring more...
China’s 2025 rare earth exports hit highest since at least 2014 despite restrictions
[BEIJING] China’s rare earth exports in 2025 hit the highest level since at least 2014, even as Beijing began restricting shipments of several medium to heavy elements from April.The...
Trump-led US delegation to be largest ever at WEF, as Davos grapples with shaken global order
These business and political elites head to Davos next week with its vision of a rules-based global economic order being tested to the limitsORGANISERS of the annual World Economic...
