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Sold: Debt-ridden Jones the Grocer
JONES the Grocer's operations in Singapore have been sold to majority shareholder L Capital Asia, the equity arm of luxury group LVMH Moet Hennessy Louis Vuitton.Fresh Bay Investments, an investment...
View ArticleUBS Youth Finance Academy grooms the next generation of Singapore bankers
Swiss bank UBS has welcomed 50 graduates of its first Youth Finance Academy programme with an inaugural graduation ceremony held today, June 10, said the bank in a press statement.The ceremony was...
View ArticleGoogle launches company to tackle city life woes
SAN FRANCISCO - Google on Wednesday unveiled a company devoted to making a thriving business out of solving big-city problems such as overpriced housing and traffic-snarled streets.Sidewalk Labs based...
View ArticleJapan messaging app Line launches music streaming business
TOKYO - Messaging app operator Line Corp IPO-LINE.T launched its music streaming service in Japan on Thursday, getting a head start in the virtually untapped business for mobile music subscriptions in...
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Record yuan strength hurts Chinese exports, immediate let-up unlikely
Already hit by ebbing global demand, Chinese exports face another obstacle - the yuan has strengthened against the currencies of China's trading partners by a record margin, data from the Bank of...
View ArticleS.Korea cuts rates to record low as govt steps up fight against MERS
SEOUL - South Korea's central bank on Thursday slashed borrowing costs to a record low as policymakers raced to limit the economic damage wrought by an outbreak of a deadly respiratory disease.The rate...
View ArticleNew York AG questions eBay, PayPal on revised user agreements: NYT
New York law enforcement officials have written to eBay Inc and PayPal Inc this week, saying the companies' revised user policies "raise issues" under consumer protection laws, the New York Times...
View ArticleAustralia’s new 20-yr bond futures contract set to cut funding costs
SYDNEY - The Australian Securities Exchange (ASX) plans to soon launch a 20-year bond futures contract to help investors hedge long-term portfolio risks.The new baby of the A$40 trillion ($30.85...
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Man bags more of Mitre sale proceeds
FOR almost two decades, Mr Chiam Heng Hsien fought tooth and nail with his relatives - first to keep his crumbling Mitre Hotel, then when the property site was ordered sold, to get a bigger share of...
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Singapore is among world's top 20 most expensive cities for expatriates
SINGAPORE - Singapore has jumped 12 places to become the 19th most expensive location for expatriates globally according to the latest Cost of Living survey by consultancy firm ECA...
View ArticleGlobal Unionpay card issuance exceeds 5 billion: China Unionpay chairman
SHANGHAI - The cumulative number of UnionPay cards issued globally has exceeded 5 billion and UnionPay has become Chinese residents' preferred payment brand, Ge Huayong, Chairman of China UnionPay,...
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Foreign banks go native with a flourish in Myanmar
YANGON - Yangon saw a spate of ribbon-cutting ceremonies in May, following the Central Bank of Myanmar's decision last October to allow nine foreign banks to open branch offices for limited commercial...
View ArticleAsian stocks follow US gains, euro hurt on IMF walkout
HONG KONG - Asian markets mostly rose Friday, tracking advances in New York, while the dollar edged up on a better-than-forecast US retail sales report.But the euro struggled after the International...
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Nazir Razak questions delay of 1MDB annual audit
The delay of an audit for Government investment arm 1Malaysia Development Berhad's (1MDB) financial year which ended in March this year is "perplexing" to CIMB chairman Nazir Tun Razak (pic)."I am...
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Rupert Murdoch steps down, puts two sons in succession plan
Rupert Murdoch's sons James and Lachlan are set to play a key role in his media-entertainment empire in a succession plan unveiled on Thursday.Murdoch, an 84-year-old Australian-born US citizen, also...
View ArticleBrunei-Indonesia trade hit $812 million in 2014
Trade value between Brunei and Indonesia increased by 4.10 per cent to to $812 million in 2014, a senior Indonesian diplomat said yesterday.Out of the $812 million, over 90 per cent of the business...
View ArticleMalaysia’s 1MDB to seek partners for Bandar property project
KUALA LUMPUR - Malaysia's 1MDB said on Friday it will start looking for suitors to invest in Bandar Malaysia - one of its two major property projects - as pressure on the troubled state fund to pare...
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Rare 'landed public home' sold for $958k
A RARE "landed public home" has just fetched $958,000 on the resale market.The two-storey terraced house in Jalan Bahagia in Whampoa is one of just 285 such units here.Located in Whampoa and...
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Rare 'landed public home' sold for $958k
A RARE "landed public home" has just fetched $958,000 on the resale market.The two-storey terraced house in Jalan Bahagia in Whampoa is one of just 285 such units here.Located in Whampoa and...
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