UK fashion firm New Look stays cautious despite sales rise
LONDON - British fashion retailer New Look posted a rise in first-half sales and profits on Tuesday but stayed cautious on its full-year outlook, saying the warm autumn weather had made the market...
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Meet the millionaire tutor
SINGAPORE - Mr Phang Yu Hon, 47, is a tuition millionaire and shows his income tax records readily to prove how much he earns and what he pays in taxes each year.It took just two years for him to...
View ArticleMalaysia's Petronas buys remaining stake in refining firm for S$820.82...
KUALA LUMPUR - Malaysia's Petroliam Nasional Bhd (Petronas) on Wednesday said it plans to buy all shares it does not already own in Malaysian Refining Company (MRC) for US$635 million (S$820.82...
View ArticleHSBC's Middle East banking head Robinson leaves lender: Source
DUBAI - HSBC Holdings' head of banking for the Middle East and North Africa (MENA) has left the bank, a source familiar with the matter told Reuters on Wednesday.Jonathan Robinson, a senior investment...
View ArticleBank of Singapore chief executive to retire on Jan 31
SINGAPOREÂ - Bank of Singapore, a subsidiary of Oversea-Chinese Banking Corp Ltd, said on Wednesday its Chief Executive Officer Renato de Guzman would retire on Jan 31, after a five-year tenure.Bahren...
View ArticleKeppel Land named most admired ASEAN enterprise
Keppel Land Limited (Keppel Land) has been named the region's Most Admired ASEAN Enterprise under the corporate excellence category (large size company) at the ASEAN Business Awards. The company also...
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Keppel T&T's data-centre Reit set for Dec 12 listing
The first real estate investment trust comprising data centres will be listed here next month and promises to be one of the largest and most highly anticipated initial public offerings of the...
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Rolling over debt keeps S'pore Reits in shape
Local real estate investment trusts (Reits) are faring better this year than in previous years, thanks to moves to reduce interest costs by aggressively rolling over debt at still-low rates, said a...
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Local firms still snapping up own shares
Companies have continued to buy up their own shares this month despite prices recovering from October's fall.Five firms bought back nearly 4.2 million shares worth a total of $9.1 million in the first...
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Mall developers bet on trends to draw traffic
Despite an anaemic retail scene, some fashion houses such as Uniqlo and H&M are doing a roaring trade and expanding their footprints.From One Raffles Place to Kallang Wave Mall, developers of malls...
View ArticlePBOC ends daily yuan cap for HK residents
The People's Bank of China has abolished the daily 20,000 yuan (S$4,200) conversion cap for Hong Kong residents effective Nov 17, the day that the Shanghai-Hong Kong Stock Connect programme will be...
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Alibaba's Jack Ma: Being richest is 'great pain'
SHANGHAI - He may now be China's richest man but Jack Ma, the founder of e-commerce giant Alibaba, has admitted in a US television interview that being so wealthy is actually causing him "great...
View ArticleS Korea's growing reliance on China poses risk
South Korea's recent free trade deal with China was not all good news, experts said, warning that the nation's reliance on the Chinese economy would rise to excessive levels.Earlier this year, Korea...
View ArticleHasbro in talks to buy DreamWorks Animation: Report
NEW YORK - US toy maker Hasbro is in talks to buy DreamWorks Animation - the studio which produced the blockbuster series Shrek and Madagascar, the New York Times reported late Wednesday.Hasbro, known...
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Temasek, RRJ invest $1.3b in Cheniere
Singapore investment company Temasek Holdings and private equity firm RRJ Capital are investing a further US$1 billion (S$1.3 billion) in American energy company Cheniere Energy.Cheniere is building...
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Braving China's language barrier pays off for firms
Plenty can get lost in translation when local firms venture into China given the huge language barrier, but that has not stopped some entrepreneurs from jumping right in and learning as they go.Take...
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