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 …
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 …
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 …
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 …
CapitaLand, SP Group and Sembcorp to explore green data centres
SINGAPORE (THE BUSINESS TIMES) – CapitaLand, SP Group and Sembcorp Industries have tied up to jointly study the use of integrated energy solutions to power …
Asia stocks rise as US vote points to higher bar for regulation
NEW YORK (REUTERS) – Asian shares jumped on Thursday (Nov 5) as investors cheered US election results that pointed to a government less likely to …
Financial sector’s credibility key to Singapore’s economic success
SINGAPORE – Establishing and maintaining a clean and trusted financial hub has been at the core of Singapore’s economic success. While its strategic geographical location …
DBS Q3 profit drops 20% to $1.3 billion
SINGAPORE – DBS Group Holdings posted a 20 per cent drop in third-quarter net profit to $1.3 billion from $1.63 billion a year earlier, on higher allowances …
Whoever wins US election, investors see China, green and easy money bets as winners
LONDON/HONG KONG/SINGAPORE (REUTERS) – The close and inconclusive US election has scuppered some short-term trades premised on a clear Joe Biden sweep, but money managers …
12 dead in India factory blast
AHMEDABAD, INDIA (AFP) – At least 12 workers were killed on Wednesday (Nov 4) when part of a chemical warehouse collapsed following a powerful blast …
CapitaLand flags ‘materially adverse’ hit on full-year results from Covid-19 impact
SINGAPORE (THE BUSINESS TIMES) – CapitaLand expects its financial performance for FY2020 to be materially adversely impacted, despite seeing “encouraging signs of recovery” in operating …
China’s halt of Ant IPO ‘necessary, reasonable’ to curb risks: State media
SHANGHAI (REUTERS) – China’s move to suspend Ant Group’s US$37 billion (S$50.3 billion) listing is “necessary, reasonable and legal,” given rising concerns over risks to …