SINGAPORE (THE BUSINESS TIMES) – Hot pot chain giant Haidilao International Holding said it will be shutting down or suspending the operations of around 300 …
S’pore law students create guide for donors to know charities better
SINGAPORE – Many of us donate to charity and likely want to do more but there is always one question eating away at us: Which …
How an employee came to control $1.6b Scholastic
(NYTIMES) – When her phone buzzed on June 6, Ms Iole Lucchese was still absorbing a shock that had come the day before. Her long-time …
Aziz Khan at the Summit of Bangladesh’s infrastructure
In so many ways, the success story of Mr Muhammed Aziz Khan, chairman of Summit Group, Bangladesh’s largest infrastructure conglomerate, is interwoven with the modern …
Legend Of Mir creator tastes real money after 20 years
(BLOOMBERG) – When a twenty-something Park Kwan Ho created the Legend Of Mir more than two decades ago, he was driven mostly by his love …
Trainer wheels for children to learn to handle plastic money
(NYTIMES) – Introducing your child to the real-world use of money often means hacking together half-baked solutions: jars stuffed with bills combined with repeated trips …
Long-term approach needed for investing in China
SINGAPORE – China is top of investors’ minds as they try to understand its policy shift towards “common prosperity”. This idea is not new. Please subscribe …
US stocks end at records again after good jobs report
NEW YORK (AFP) – Wall Street stocks finished a sunny week on a positive note on Friday (Nov 5), with major indices again at records …
ISOTeam to divest stake in Sunseap Group for $12.2 million
SINGAPORE (THE BUSINESS TIMES) – ISOTeam has agreed to divest its entire 1.18 per cent equity interest in clean energy solutions provider Sunseap Group for …
Oil climbs after Opec+ sticks to modest supply hike, defying US pressure
SINGAPORE (NYTIMES, BLOOMBERG) – Oil advanced in early Asian trading on Friday (Nov 5) after the Organisation of the Petroleum Exporting Countries (Opec), Russia and …
Uber makes first operating profit as driver shortage eases
AUSTIN, TEXAS (REUTERS) – Uber Technologies on Thursday (Nov 4) reported its first profitable quarter on an adjusted basis since it launched more than a …
World’s most expensive retail rents tumble to decade low in Hong Kong
HONG KONG (BLOOMBERG) – Landlords in Hong Kong’s priciest retail strips are facing a wake-up call: The days of leasing stores for US$1 million (S$1.35 …
Airbnb profit soars on pandemic-era lifestyles
NEW YORK (AFP) – Airbnb on Thursday (Nov 4) reported record-high profit in the recently ended quarter as bookings surpassed pre-pandemic numbers, with remote work …
Gojek may soon offer food delivery services
SINGAPORE – Ride-hailing firm Gojek is looking to serve up food delivery and courier services soon as part of its ambitious expansion strategy here. Gojek …
US stocks end at records after Fed tapering decision
NEW YORK (AFP) – Wall Street stocks finished at fresh records on Wednesday (Nov 3) following a heavily-telegraphed Federal Reserve decision to scale back its …
How to start investing with bite-sized premiums starting as low as $1
A lack of cash is one of the biggest stumbling blocks for new investors. It can be tempting to put off investing to some indeterminate …
US Fed announces plan to slow its bond-buying programme
NEW YORK (NYTIMES) – Federal Reserve officials took their first major step towards withdrawing monetary policy support as the economy heals from pandemic disruptions and …
South Korea’s largest payments app Kakao Pay more than doubles in trading debut
SEOUL (BLOOMBERG) – Kakao Pay, South Korea’s largest mobile payments app, more than doubled in its debut in Seoul, following a rocky path to public …
UOB Q3 profit jumps 57% to $1.05 billion, above estimates
SINGAPORE – UOB’s earnings continued to rebound from last year on the back of loan growth and sustained fee income, as well as lower allowances. …
OCBC Q3 profit up 19% to $1.22 billion, beating forecasts
SINGAPORE – OCBC Bank’s earnings have continued to bounce back from the troughs of the pandemic despite lingering Covid-19 uncertainties. The bank posted on Wednesday …