Alibaba's Jack Ma backs female entrepreneurs
The rapid development of new technology and the widespread use of the Internet will help more Chinese women to become entrepreneurs, a conference packed with famous names was told on Wednesday.However,...
View ArticleShanghai up after soft China PMI, Tokyo lifted by weak yen
HONG KONG - Shanghai advanced in early trade Thursday after another tepid reading on Chinese manufacturing activity that will likely raise hopes for fresh monetary easing, while Japanese shares pushed...
View ArticleGlobal banks admit guilt in forex probe, fined nearly $8 billion
Four major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and, with two others, were fined nearly US$6 billion in another settlement in a global probe into the $5...
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Najib: 1MDB investment turned into assets
KUALA LUMPUR - Â The balance of 1Malaysia Development Bhd's (1MDB) investment Âmanaged by the Cayman Monetary Authority amounting to US$1.103bil (S$1.475 billion)Â has been redeemed in the form of...
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S$593 million in GST from imported goods
In just 40 days, imported goods contributed RM1.689bil (S$593 m) in Goods and Services Tax for the Government, said Deputy Finance Minister Datuk Ahmad Maslan.Revealing that this sum was recorded from...
View ArticleEx-director of Tanjung Offshore investigated for corruption
PETALING JAYA - The Malaysian Anti-Corruption Commission (MACC) is investigating an ex-director of oil and gas (O&G) company Tanjung Offshore Bhd to assist into allegations of bribery in relation...
View ArticleSE Asia stocks most flat-to-weaker
BANGKOK - Most Southeast Asian stock markets were flat-to-weaker on Thursday in line with Asian shares, but Thai construction stocks rose after the government set a clear timeline for completing key...
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STI perks up on US Fed news
The local market finally snapped out of its multi-day skid, after the Federal Reserve said a rate hike next month now seems unlikely as uncertainties persist over the United States'...
View ArticleWeakening euro-zone PMI dashes hopes of quick rebound
BRUSSELS - The euro-zone economy showed unexpected signs of fragility this month, a key survey said yesterday, in a blow to hopes of a swift recovery and despite a welcome increase in employment...
View ArticleBanks use profits for risk provision
HA NOI - Large-sized commercial banks had to set aside nearly half of their profits for credit risk provision in the first months of the year.The move had been in accordance with the State Bank of Viet...
View ArticleBaht to remain volatile for now: Bank of Thailand
The baht will continue to be volatile, the Bank of Thailand has warned, suggesting that business operators keep guarding against foreign-exchange risks.Meanwhile markets are keeping an eye on the...
View ArticleTaiwan stock exchange promotes Facebook page
TAIPEI - Taiwan Stock Exchange Corporation (TWSE) recently initiated a campaign to promote its Facebook fan page, in an attempt to enhance communication with the public.The online information delivery...
View ArticleForeign start-ups edge in on Korean tech turf
This is the second article in a series on foreigners working in Korea's technology start-up ecosystem. ― Ed.Tech industry pundits in Korea used to joke that this is where overseas companies would come...
View ArticleCash, then assets, 1MDB funds in Singapore now in 'units'
KUALA LUMPUR - 1Malaysia Development Berhad (1MDB) is experiencing "short term" cashflow problem with the ability to pay its debts, said Finance Minister II Datuk Seri Husni Hanadzlah.He assured that...
View ArticleMB: Johor set to become southern region economic hub
JOHOR BARU - Johor is set to become a southern region economic hub after the Klang Valley with the implementation of the 11th Malaysia Plan, says Mentri Besar Datuk Mohamed Khaled Nordin.He said the...
View ArticleA year after Thai coup, stability trumps growth for business
BANGKOK - When Thailand's army seized power in a bloodless coup, much of the business establishment quietly cheered them on. A year on, the captains of Thai industry remain firmly behind the junta,...
View ArticleMalaysia's SMEs happy with skills proposal
PETALING JAYA: Businessmen are relieved that the 11th Malaysia Plan will finally address the big headache faced by small and medium Âenterprises (SMEs)."We want to get more well-trained workers from...
View ArticleJapan offering 'high-quality' infrastructure aid to Asia
TOKYO - Japan yesterday unveiled a plan to provide US$110 billion (S$147 billion) in aid for Asian infrastructure projects, as China prepares to launch a new institutional lender that is seen as...
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Keppel Infrastructure Trust raises $525m
Keppel Infrastructure Trust (KIT) has raised $525 million in the largest fund-raising deal via equity this year.The business trust will use the funds to acquire a 51 per cent stake in the Keppel...
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SGX warns Xpress Holdings, ex-CEO over rule violations
Printing firm Xpress Holdings and its former chief executive have been warned by the Singapore Exchange (SGX) over breaching a listing rule.Xpress defied a rule that requires a company to immediately...
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