DHAKA (REUTERS) – Millions of garment workers could lose their jobs as global brands are demanding price cuts and delaying payments to suppliers who are …
Singapore non-oil exports grow at slower 5.9% pace in September
SINGAPORE – Singapore’s non-oil domestic exports (Nodx) grew at a slower pace in September, mainly driven by electronic goods from a low base last year, …
US tech mogul Robert Brockman charged in record tax evasion scheme
WASHINGTON (REUTERS) – Technology executive Robert Brockman has been charged in the biggest tax evasion case in US history after fellow billionaire Robert Smith turned …
Uber joins forces with SK Telecom to crack tough South Korea market
SEOUL (REUTERS) – Uber Technologies said on Friday (Oct 16) it will invest over US$150 million (S$204 million) in a joint venture and partnership with …
Philippines’ Duterte approves resumption of energy projects in South China Sea
MANILA (REUTERS) – Philippines President Rodrigo Duterte has lifted the moratorium on petroleum exploration in the South China Sea, paving the way for three projects …
Malaysian workers’ return boosts home rental volumes in Singapore
The phased reopening of Singapore’s border with Malaysia brought some welcome relief for landlords last month. Rents and leasings for both Housing Board (HDB) flats …
Struggle to find cheap room to rent near workplace
When Malaysian Chan Chee Hao walked across the Causeway to Singapore on the first day of the border reopening in August, he did not expect …
TikTok owner Bytedance moving to bigger Singapore office at One Raffles Quay amid expansion plan
SINGAPORE (BLOOMBERG) – ByteDance, the Chinese owner of video app TikTok, is moving to a bigger office in Singapore’s financial district, paving the way for …
Mass air travel’s return at least two years away: Ong Ye Kung
SINGAPORE (BLOOMBERG) – The global aviation industry will take at least two years to recover from the coronavirus pandemic and mass travel to return, Singapore’s …
Court grants Hyflux ‘last’ adjournment to judicial management application
SINGAPORE (THE BUSINESS TIMES) – Hyflux has a last chance for a firm conclusion to one of three rescue deals currently on the table, as …
Senior Umno MP wanted confidence vote in Parliament over alleged “political bribery” by Muhyiddin
KUALA LUMPUR – Malaysia’s longest serving lawmaker and senior Umno MP Tengku Razaleigh Hamzah asked Parliament last month to debate a motion of no-confidence in …
Tycoon Oei Hong Leong discontinues legal action against Raffles Education
SINGAPORE (THE BUSINESS TIMES) – Raffles Education Corp (REC) substantial shareholder Oei Hong Leong has discontinued his latest legal action against the company in relation …
Trust deficit for Malaysian politicians widens as power tussle shadows fresh coronavirus lockdowns
KUALA LUMPUR – The trust deficit between Malaysians and their politicians have apparently grown wider, with yet another power struggle amid a worsening Covid-19 situation. …
GIC looks to integrate climate change into investment portfolio
SINGAPORE (THE BUSINESS TIMES) – Sovereign wealth fund GIC will integrate climate change into its investment portfolio, a report noted today (Oct 14). This will …
Malaysia’s sovereign fund Khazanah says Firefly could become new national airline: Report
KUALA LUMPUR (REUTERS) – Malaysia’s Khazanah Nasional has the option to channel funds to low-cost carrier Firefly, which could become the country’s national airline if …
Malaysia’s Cabinet minister recovers from Covid-19 infection
PETALING JAYA (THE STAR/ASIA NEWS NETWORK) – Malaysia’s de facto Islamic Affairs minister Zulkifli Mohamad Al-Bakri has recovered from Covid-19 after testing positive 10 days …
Huawei in talks to sell parts of its Honor smartphone business: Sources
HONG KONG (REUTERS) – Huawei Technologies is in talks with Digital China Group and other suitors to sell parts of its Honor smartphone unit in …
Shares of PPE maker Medtecs up 7.4% after earnings boom
SINGAPORE (THE BUSINESS TIMES) – Shares of medical products supplier Medtecs International advanced further on Wednesday (Oct 14), following its stellar third-quarter financial results that …
Top battery makers in talks over US$20b Indonesia electric vehicle plans
JAKARTA (BLOOMBERG) – Contemporary Amperex Technology (CATL) and LG Chem, two of the world’s top producers of batteries for electric vehicles (EV), have signalled they …
What is the future of the MAGIC TRADING PROJECT after MTM Coin is listed on the exchange?
Singapore – On the 26th of last month, it was announced that the blockchain token MTM, which is based on Magic-T’s asset management platform, was …