Singtel posts 11 per cent rise in quarterly net profit
SINGAPORE - Singapore Telecommunications Ltd, Southeast Asia's largest telecommunications operator, reported an 11 percent rise in third-quarter net profit, helped by strong mobile data growth and...
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Young locals attract $475k in funding for start-up
Three young Singaporean techies secured $475,000 of seed money for their start-up yesterday.The enterprising trio - Mr Oswald Yeo, Mr Seah Ying Cong and Mr Looi Qin En - met when they were students at...
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Buyers must get HDB loan letter earlier to book flat
Public flat buyers who want a Housing Board loan now have to get their official loan eligibility letter at an earlier stage.This is to avoid situations when buyers book a flat first but are then unable...
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Introducing Bash - biggest space to help grow start-ups
THE name is memorable - Bash - and so is the aim. Singapore's largest space dedicated to start-ups was opened yesterday to bring investors and entrepreneurs together to build a strong pipeline of new...
View ArticleBaidu revenue falls short of estimates as customers go mobile
Baidu Inc, owner of China's dominant search engine, reported a lower-than-expected 47.5 per cent rise in quarterly revenue as more users switched from PCs to mobile devices, which have less space for...
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MAS seeks more bite to oversight of derivatives, securities
THE Monetary Authority of Singapore (MAS) has proposed legislative amendments to strengthen its enforcement powers on over-the-counter (OTC) derivatives trading and the securities market. The proposals...
View ArticleIndia likely to keep lead over China in gold consumption
MUMBAI/SINGAPORE - India is likely to remain the world's biggest gold consumer this year after regaining the top spot from China in 2014, driven by robust jewellery demand, the World Gold Council (WGC)...
View ArticleMalaysian economy picks up speed in Q4, but bumps lie ahead
KUALA LUMPUR - Malaysia's economy surprisingly picked up speed in the fourth quarter on strong construction and manufacturing activity, boosting full-year growth to its fastest in four years.Gross...
View ArticleAsia-Pac partners help power up Singtel profit
SINGAPORE - Singapore Telecom said Thursday its third-quarter net profit rose 11.2 per cent, boosted by higher mobile data revenue and bigger contributions from its mobile partners in Australia and...
View ArticleAbenomics to draw more Thai FDI
The Japan External Trade Organisation (Jetro) office in Bangkok expects to see more Thai businesses invest in Japan, especially in foods, energy, hotels, and other services under the Japanese...
View ArticleRupiah suffers despite Jokowi's reforms
Economic reforms undertaken by President Joko "Jokowi" Widodo have drawn strong inflows in the equity and bonds markets, but have failed to propel the rupiah as currency investors remain sceptical on...
View ArticleTwo JPMorgan executives tied to Asia hiring probe to exit
WSJ - Two senior executives at JPMorgan Chase & Co who are connected to an investigation into its hiring practices in Asia will exit the bank, the Wall Street Journal reported, citing people with...
View ArticleApple S$1.3 trillion stock market value could be years away
SAN FRANCISCO - Activist Investor Carl Icahn thinks Apple Inc is already worth over $1 trillion but others on Wall St. think it will take a few more years for the iPhone maker's stock value to get...
View ArticleLotte, Shilla face new fight in duty-free business
Shinsegae, Korea's second-largest retailer, and cosmetics-maker Charmzone on Wednesday were selected to run the much-coveted Incheon International Airport duty-free zone starting from September until...
View ArticleThai spa industry expected to grow by 15 per cent
The spa industry is expected to grow by 15 per cent this year, seen as evidence of Thailand's role as a regional capital of spa and wellness services.Krod Rojanastien, president of the Thai Spa...
View ArticleDaum Kakao vows aggressive investment
Daum Kakao, South Korea's leading Web portal and mobile messenger operator, said Thursday that it would make full-fledged efforts this year to increase its presence in the highly competitive mobile...
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DBS CEO Piyush Gupta staying put
Rumours about the possible departure of DBS chief executive (CEO) Piyush Gupta (below) have been exaggerated, it seems.Market talk has linked him to British bank Standard Chartered, whose CEO Peter...
View ArticleChina allows companies more freedom in free trade zone
SHANGHAI - China has opened the door of its tightly-controlled capital account a fraction wider by allowing firms operating within its Shanghai free trade zone to borrow funds without having to go...
View ArticleAustralia readies for first privately-owned Chinese bank
SYDNEY - A Sydney-based investment management company is planning to set up the first privately-owned Chinese bank in Australia, catering to the rising numbers of wealthy Chinese people living and...
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