With leisure travel grinding to a halt amid the coronavirus pandemic last year, many employees in Singapore found themselves in the strange position – perhaps …
Wall Street closes out wild pandemic year with Dow, S&P at records
NEW YORK (REUTERS) – US stocks ended a tumultuous year with the Dow and S&P 500 at records, as the three major US equity indexes …
Brexit deal offers little relief to a City of London under threat
LONDON • The trade deal that both sides of the English Channel say reflects a new era of cooperation is essentially a sideshow for the …
China’s factory activity expands at slower pace
BEIJING • China’s factory activity expanded last month but at a slower pace, as the country leads a pack of major economies emerging from the …
Gig economy workers worldwide say they can no longer survive
PARIS • Whether in Paris, Kuala Lumpur or California, gig economy workers fear they can no longer survive on meagre earnings from jobs that leave …
Asia’s richest man
BEIJING • Mr Zhong Shanshan is a private billionaire who is rarely quoted in the press. Now, after an improbable career spanning journalism, mushroom farming …
Algorima, a Korean AI-focused education company executes MOU with Inganam
Seoul, Korea – Algorima, an AI-focused education company, and Inganam, a human sciences education company, have entered into a Memorandum of Understanding (MOU). This will secure …
JobsPivot Joins 2021 Efforts to Combat Unemployment in Singapore
Opportunities Provider Aims to Help Struggling Singaporeans Rebound After Difficult Year Singapore – JobsPivot today announced a series of job fairs and training partnerships in 2021 …
Bitcoin surges above US$29,000 for another high in banner year
HONG KONG (BLOOMBERG) – Bitcoin vaulted above US$29,000 to reach yet another record level on the last day of 2020, showing no signs of slowing …
DBS, Keppel extend KrisEnergy’s revolving credit facility
SINGAPORE (THE BUSINESS TIMES) – Upstream oil and gas firm KrisEnergy, which is planning a debt restructuring, has extended the maturity of its revolving credit …
Jobs lost but new opportunities found as well
SINGAPORE – A once-in-a-century global pandemic has disrupted lives, killed people, upended commerce, shuttered businesses, destroyed jobs and simply caused untold chaos to the order …
Move over Mukesh Ambani, Asia has a new richest person – China’s ‘Lone Wolf’
BEIJING (THE BUSINESS TIMES) – Zhong Shanshan is a private billionaire who’s rarely quoted in the press. Now, after an improbable career spanning journalism, mushroom …
China averts liquidity squeeze that was wreaking havoc on bonds
BEIJING (BLOOMBERG) – China’s central bank has pumped enough cash into the banking system to convince government bond investors that the worst is finally over. …
Another CDL director quits over company’s Sincere investment
SINGAPORE – Another board member of City Developments Limited (CDL) has resigned citing concerns over the company’s investment in Sincere Property Group. The stepping down …
10 ways Covid-19 has changed the world economy forever
NEW YORK (BLOOMBERG) – Economic shocks like the coronavirus pandemic of 2020 only arrive once every few generations, and they bring about permanent and far-reaching …
Keppel Reit manager appoints Shirley Ng as deputy CEO
SINGAPORE (THE BUSINESS TIMES) – The manager of Keppel Reit has appointed Shirley Ng as deputy chief executive officer with effect from Jan 1, 2021, …
XRP cryptocurrency tumbles as Coinbase exchange moves to suspend trading
LONDON (REUTERS) – Cryptocurrency XRP slumped 19 per cent on Tuesday (Dec 29) after Coinbase, a major US virtual coin exchange, said it would suspend …
AirAsia sells stake in India venture to Tata for $50.4 million
MUMBAI (BLOOMBERG) – AirAsia Group, hit by the coronavirus pandemic that’s decimated passenger demand, is selling its 32.7 per cent stake in AirAsia India Ltd. …
Asia shares jump on US stimulus, Japan’s Nikkei at 29-year high
TOKYO (REUTERS) – Asian shares jumped on Tuesday (Dec 29), with Japanese stocks hitting a 29-year high, as hopes that a long-awaited US pandemic relief …
Chip Eng Seng scraps kindergarten tie-up with Repton
SINGAPORE (THE BUSINESS TIMES) – The collaboration between Singapore’s Chip Eng Seng Corp and British firm Repton International Schools to establish international kindergartens in certain …