SYDNEY (BLOOMBERG, REUTERS) – Asia shares and US stock futures surged on Monday (Nov 9) and the US dollar extended last week’s decline, with markets continuing …
Most SMEs in S’pore confident of meeting loan repayment obligations: Survey
SINGAPORE – Seven in 10 small and medium-sized enterprises (SMEs) affected by the pandemic are confident of meeting repayment obligations for government-backed loans next year …
What a Biden win means for the financial markets
SINGAPORE – Several weeks ago, I ventured a guess that there is a two-thirds chance that Mr Joe Biden will win the presidential election. This …
Life insurers’ balancing act only gets harder
A persistent low interest rate environment and a tougher risk-based capital framework would make it harder for Singapore life insurers to deliver the projected non-guaranteed …
Drawn to relaxed lifestyle, investment opportunities
Patience is key when it comes to getting a good real estate deal amid the kind of uncertainty we are going through now. Food and …
Investing in tech keeps business looking good
Beauty industry executive Amy Quek saw the value of building financial independence early in life after her father died when she was just 12. Ms …
Millennial women tend to leave money matters to men: Study
(NYTIMES) – When even they are very successful in their careers, millennial women tend to defer to their husbands when it comes to money matters. …
Scare tactics to lure property investors come under fire
The Singapore authorities have criticised the “irresponsible” actions of some property investment educators and real estate agents who use scare tactics to attract customers to …
Malaysian PM Muhyiddin welcomes feedback for budget amid criticism for reviving propaganda machinery
KUALA LUMPUR – Malaysia’s Prime Minister Muhyiddin Yassin on Saturday (Nov 7) called for bipartisan cooperation to refine the country’s budget for next year, saying …
US stocks end best week in months with muted session
NEW YORK (AFP) – Wall Street stocks finished their best week in months with a muted session on Friday (Nov 6) as Joe Biden inched …
Ant to push ahead with Singapore digital bank licence application
Billionaire Jack Ma’s Ant Group will continue with its application for a digital banking licence in Singapore, even after the company’s record US$37 billion (S$49.9 …
Look to China for opportunities: Minister
China’s rebalancing of domestic and export growth drivers, diversification of its markets and supply chains, and changing demographics are three areas that present opportunities for …
Making it easier for smaller firms to file taxes
Smaller firms will be able to file taxes more easily this year, with new initiatives rolled out by the Inland Revenue Authority of Singapore (Iras), …
SIA reports record H1 loss of $3.47 billion
Singapore Airlines’ (SIA) net loss in the second quarter is double that in the first quarter as it reported a record net loss of $3.47 …
Uber sees $1.5 billion loss on ride-hailing revenue plunge
SAN FRANCISCO (AFP) – Uber on Thursday (Nov 5) reported that it lost US$1.1 billion (S$1.5 billion) in the recently ended quarter as the pandemic …
Toyota to double full-year profit forecast to over $13 billion: Report
TOKYO (REUTERS) – Toyota Motor will more than double its full-year operating profit forecast when it reports second quarter earnings on Friday (Nov 6) as vehicle …
GIC, Thrive invest $202.6 million in IAC’s video platform Vimeo
NEW YORK (BLOOMBERG) – Barry Diller’s IAC/InterActive Corp said ts online video platform Vimeo raised US$150 million (S$202.6 million) from Thrive Capital and Singapore’s sovereign …
US stocks extend post-election rally, Dow up 2%
NEW YORK (AFP) – Wall Street stocks rose for a fourth straight session on Thursday (Nov 5) on continued positive momentum after the US election …
HSBC sues oil tycoon and family to recover $116 million
HSBC Holdings is suing the Lim family and an employee of bankrupt oil trader Hin Leong Trading to recover US$85.3 million (S$115.7 million) of US$111.7 …
RACE (Real Assets Community Economy) Announces a Digital Assets and Real Estate Platform
To Develop a Decentralized Protocol to Facilitate Secure Cross-Border Investments for Investors, Asset Owners and Property Developers in a Post-COVID-19 World – RACE™ (Real Assets Community …