Former POSB chief executive Bertie Cheng dies of Covid-19 at 84
SINGAPORE – Mr Bertie Cheng Shao Siong, who was the chief executive officer of POSB for 23 years, died on Friday (Oct 22) morning from […]
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Citigroup Asia retail units set to attract DBS, UOB, StanChart: Sources
HONG KONG (BLOOMBERG) – DBS Group Holdings, UOB and Standard Chartered Bank are among the lenders planning to bid for Citigroup consumer banking assets in […]
Ev Dynamics Delivers Over 70 Electric Minibuses to the Philippines
HONG KONG, Oct 19, 2021 – (ACN Newswire via SEAPRWire.com) – Ev Dynamics (Holdings) Limited (the “Company”, Stock Code: 476, together with its subsidiaries, collectively […]
Evergrande CEO in Hong Kong for restructuring, asset sale talks: Sources
HONG KONG (REUTERS, BLOOMBERG) – Evergrande Group’s chief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and […]
Welcome to Britain, the bank scam capital of the world
LONDON (REUTERS) – It was an e-mail offering a discount on an electric toothbrush that began the sequence of events that ruined Anna’s life. Within […]
Nanofilm names new CEO; continues to see growth momentum for business
SINGAPORE (THE BUSINESS TIMES) – Mainboard-listed Nanofilm Technologies International has appointed Mr Gary Ho Hock Yong as group chief executive with effect from Jan 1, […]
US proposes reversing Trump-era rules on ESG investing
NEW YORK (NYTIMES) – The US Labor Department proposed rule changes on Wednesday (Oct 13) that would make it easier for retirement plans to add […]
iFast unit iGM’s assets under administration crosses $1 billion mark
SINGAPORE (THE BUSINESS TIMES) – Wealth advisory platform iFast Global Markets (iGM) Singapore said its assets under administration grew 62 per cent year on year […]
Yellen confident Congress will follow through on global tax deal
WASHINGTON (BLOOMBERG) – Treasury Secretary Janet Yellen said she expects Congress to take action soon to bring the United States into line with a global […]
BMW poised to snatch luxury-sales crown back from Mercedes
FRANKFURT (BLOOMBERG) – BMW’s better handling of the chip shortage has turned the tables on the global luxury sales race, positioning the company to overtake […]
MHA asks 9 to correct false statements, apologise for misrepresenting minister’s remarks on rule of law
SINGAPORE – The Ministry of Home Affairs (MHA) has issued letters to nine entities, asking them to correct false statements and apologise for misquoting what […]
Western investors sound alarm on Chinese stocks
LONDON (BLOOMBERG) – Western investors are backing away from Chinese companies, blaming politics and uncertainty for a souring stance on the world’s second-biggest market. On […]
Some actively spreading misinformation on law against foreign interference, says Shanmugam
SINGAPORE – The practices of those such as Mr Terry Xu, who as editor of The Online Citizen hired foreigners to write incendiary articles about […]
China factory activity contracts for first time since pandemic began
BEIJING (BLOOMBERG) – China’s factory activity contracted in September for the first time since the pandemic began last year, a sign of the damage a widespread electricity […]
Kitchen Culture unwinds $650,000 in unapproved payments; CAD report lodged against interim CEO
SINGAPORE (THE BUSINESS TIMES) – Embattled household furniture and accessories distributor Kitchen Culture Holdings said it is unwinding the transfer of US$480,010 (S$653,700) by subsidiary […]
‘Tension’ between jobs, inflation the chief challenge facing US central bank: Fed chief
WASHINGTON (REUTERS) – Resolving “tension” between high inflation and still-elevated unemployment is the most urgent issue facing the Federal Reserve right now, its chairman Jerome […]
BlueBay, Blackrock, Ashmore and UBS exposed to Evergrande, says Morningstar
SINGAPORE (REUTERS) – BlackRock and Royal Bank of Canada’s BlueBay Asset Management are among asset managers exposed to embattled developer China Evergrande Group, while TCW […]
World Bank says Delta variant slowing economic growth in East Asia and Pacific
BENGALURU (REUTERS) – The East Asia and Pacific region’s recovery has been undermined by the spread of the Covid-19 Delta variant, which is likely slowing […]
EV maker Polestar plans to go public via Spac listing
LONDON (BLOOMBERG) – Polestar, the electric car-maker controlled by Volvo Car and its owner Zhejiang Geely Holding Group, has agreed to go public through a […]