Browsing Category
Business
Singapore kept IPO flow steady last year despite pandemic-driven market volatility: PwC
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…
Want to own a home business but don’t know where to begin? Here are some tips
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…
OCBC Bank appoints first female group CEO, also the first woman to head a Singapore bank
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…
Singapore firms take up $17.4 billion in govt-backed loans amid Covid-19 pandemic
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…
Democrats’ sweep lifts Asia markets on hopes for even more US stimulus; STI up 1.4%
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…
Hin Leong’s judicial managers seek to freeze O.K. Lim family’s assets
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…
Gojek in talks with Tokopedia for $23.7 billion merger, sources say
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…
Singapore economy shrinks 5.8% in 2020 after contraction eases to 3.8% in Q4: Flash data
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…
How you can make up to $1 million with CPF
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…
Nearly 14,700 travellers visited Singapore in November: STB
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…
STI ends the year as the region’s worst laggard but prospects look bullish for 2021
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…
Move over Mukesh Ambani, Asia has a new richest person – China’s ‘Lone Wolf’
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…
Terence Loh makes police report against cousin Nelson Loh over $5 million allegedly missing
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…
Mukesh Ambani sold a dream for $36 billion. Now he has to deliver
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…
Liquidators ask Novena Global Healthcare’s creditors to submit claims
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 to double its licensed financial advisers in next few years
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,…
Ezion Holdings Q3 loss widens to US$224.5m
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 paid a price for courting China’s ‘whales’
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…
Singapore factory output rebounds with 17.9% rise in November
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…
Slower rate of decline in Singapore’s core and overall inflation in November
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…