Business

SGX attracted 11 initial public offerings in 2020 despite the coronavirus-induced uncertainty and market volatility. Ovais Subhani SINGAPORE - In a year ravaged by a recession and wild swings in financial markets, the…

Growth of online platforms has made it easier to create an alternative source of income or fulfil an entrepreneurial dream, but consider goals before investing time, money Deepa Asha started her Tamil learning resources…

Ms Helen Wong started her banking career with OCBC in 1984 and was its first China desk manager. Sue-Ann Tan SINGAPORE - OCBC Bank has appointed its first female group chief executive - and the first woman to head a…

Minister for Trade and Industry Chan Chun Sing (first from left) on a tour of wholesale trade company PS Energy's facility in Bulim Avenue. Choo Yun Ting SINGAPORE - More than 20,000 businesses took up some $17.4 billion…

Japan's Nikkei index surged 2 per cent while Australia's S&P/ASX 200 Index climbed 1.8 per cent. HONG KONG (AFP) - Most Asian markets rallied on Thursday (Jan 7) as election wins in the state of Georgia handed the Democrats…

Lim Oon Kuin, founder of oil trader Hin Leong Trading. SINGAPORE (BLOOMBERG) - Hin Leong Trading, under judicial managers from PricewaterhouseCoopers (PwC), has made an application to freeze assets, shares and funds held by its…

Indonesia's two most valuable start-ups have signed a detailed term sheet to conduct due diligence of each other's business. SINGAPORE (BLOOMBERG) - Indonesia's ride-hailing and payments giant Gojek is in advanced discussions about…

On a quarter-on-quarter seasonally adjusted basis, the economy grew by 2.1 per cent. Ovais Subhani SINGAPORE - Singapore closed its worst year of economic performance on an optimistic note as the economy shrank less than…

It pays to make use of the fund as it is a risk-free investment It is not an exaggeration to say that CPF has been making millionaires out of ordinary working-class Singaporeans. Tan Ooi BoonInvest Editor To…

Visitors to Singapore had bottomed out at 750 in April this year. SINGAPORE (THE BUSINESS TIMES) - Singapore saw 14,676 visitors in November, as tourism numbers slowly inched up from their trough earlier this year, on a gradual…

The local bourse ended the year down nearly 12 per cent. Grace LeongBusiness Correspondent SINGAPORE - The pandemic hammered South-east Asian stock markets in 2020 with the Straits Times Index taking the biggest hit in the…

Mukesh Ambani's (left) fortune surged to US$76.9 billion while Zhong Shanshan's net worth surged to US$77.8 billion. BEIJING (BLOOMBERG) - Zhong Shanshan is a private billionaire who's rarely quoted in the press. Now, after an…

Mr Terence Loh (left) made a police report on Dec 28 alleging a total of $5.25 million was transferred to Mr Nelson Loh's personal accounts. Joyce LimSenior Correspondent SINGAPORE - Another twist has emerged in the saga…

Investors are watching Mukesh Ambani's every move as he overhauls his empire. MUMBAI (BLOOMBERG) - Mukesh Ambani spent much of 2020 convincing Facebook, Google and a clutch of Wall Street heavyweights to buy into his vision for one…

Novena Global Healthcare was co-founded by Singaporean Terence Loh (left) and his cousin Nelson Loh, who has since left the company. Choo Yun Ting SINGAPORE - Novena Global Healthcare's creditors have been asked to submit…

NTUC Income chief executive Andrew Yeo said some of the licensed financial advisers will be fresh graduates. Prisca Ang SINGAPORE - Insurer NTUC Income plans to double its licensed financial advisers in the next few years,…

The revenue drop was attributed to a decrease in jack-up rig units owned, and decreased liftboat utilisation. SINGAPORE (THE BUSINESS TIMES) - Ezion Holdings posted a net loss of US$224.5 million (S$298.4 million) for the third…

Marina Bay Sands says it has cut back on third-party transfers and tightened security over their usage. SINGAPORE (BLOOMBERG) - When Chinese businessman Wang Xi first gambled at billionaire Sheldon Adelson's Marina Bay Sands casino…

The biomedical manufacturing cluster's output jumped 40.6 per cent compared with a year ago. Choo Yun Ting SINGAPORE - Singapore’s manufacturing industry bounced back with a bigger-than-expected rise in November, boosted…

Core inflation has declined on a year-on-year basis for 10 straight months. Prisca Ang SINGAPORE - The decline in core consumer prices and overall inflation eased last month, according to data released by the Monetary…