Business
Samsung Electronics to buy 2.5 trillion won of its shares for employee compensation
Samsung Electronics on Wednesday said it would acquire 2.5 trillion won (S$2.2 billion) worth of its own shares for employee and executive…
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Business
Business
Vietnam to Tighten Online Trade Rules as New E-Commerce Law Targets Rising Fraud
Vietnam is moving to strengthen verification requirements and accelerate the use of technology to combat increasingly sophisticated online…
Business
Auto dealer Tan Chong expects HK$327 million in gains from investments in 2025
Automotive group Tan Chong International said on Wednesday (Jan 7) that it expects to record an unaudited gain of HK$327 million (S$53.8…
Business
Singapore stocks track Wall Street gains; STI up 0.2%
Singapore shares ended higher on Wednesday (Jan 7), tracking Wall Street gains. The benchmark Straits Times Index (STI) rose 0.2 per cent…
Business
Cathay United Bank grants Marco Polo Marine unit long-tenor facility for NT$4.7 billion research vessel project
The group previously said it would finance the project through internal cashflows and not require any project-specific debt Marco Polo…
Business
mm2 Asia unit receives S$200,000 payment demand from creditor
This is the third demand for payment that mm2 Asia’s subsidiaries have received in two weeks A unit of the embattled entertainment group…
Business
Xiaomi begins pre-orders for spruced up version of SU7 sedan
The announcement comes as it faces increased public criticism over safety standards, following a number of accidents China’s Xiaomi began…
Business
Berkshire Hathaway raises new CEO Abel’s salary to US$25 million
Berkshire Hathaway said on Tuesday (Jan 6) it raised the salary of new chief executive Greg Abel to US$25 million, far exceeding the…
Business
China’s PBOC adds gold for 14th month as prices hit record
Bullion held by the People’s Bank of China rose by 30,000 troy ounces last month China’s central bank extended its gold-buying streak to…
Business
Goldman Sachs tops global M&A rankings with US$1.48 trillion in deals
The bank ranked No 1 in M&A fee revenue and overall value of the deals it worked on Goldman Sachs once again dominated the league tables…
Business
Ikea to close seven shops in China amid competition, weak demand
The restructuring is aimed at directing resources to channels closer to consumers Ikea will shutter seven of its signature blue-box…
Business
Temasek-backed Clifford Capital prices US$1 billion government-guaranteed bond offering
Issue draws robust subscription; the three-year and five-year tranches carry coupons of 3.852% and 4.037%, respectively…
Business
Amid low rates, UOB Asset Management launches dividend-focused ETF aiming to pay 6%
The new fund invests in ‘leading companies’ in Singapore, Indonesia, Thailand, Malaysia and the Philippines With rates steadily falling…
Business
Carmakers slash prices again in China, defying regulators
Prices for new cars keep falling as automakers compete to clear out inventory in a sluggish market GLOBAL automakers and their dealers in…
Business
Lenovo expands AI lineup with Nvidia tie-up, Qira platform
CHINA’S Lenovo, the world’s largest personal computer maker, on Tuesday said it has teamed up with US AI chip leader Nvidia to help AI…
Business
UBS 25-year Asia veteran departs ahead of new wave of job cuts
The Zurich-based firm is set to begin another set of job cuts in mid-January, according to sources UBS Group’s Eric Lafon has left the…
Business
Asian shares edge lower as global tensions climb, crude oil slumps
Crude futures slid and resource shares climbed in Asian trading as markets absorbed the impact of political upheaval in Venezuela and the…
Business
Gold, silver slide on profit-booking, US dollar strength
Gold and silver slid on Wednesday (Jan 7) as investors booked profits after a recent rally, while a stronger US dollar weighed on…
Business
Barclays buys into stablecoin-settlement company Ubyx
Various banks and other financial institutions have announced plans involving stablecoins in the past year Barclays has bought a stake in…
Business
STI’s 10 best-performing stocks for Q4 and 2025
The index could hit 5,000 points by end-2026 and 10,000 points by 2040, experts say Singapore’s benchmark index, the Straits Times Index…
Business
Once taboo, IPOs for brewers are back on Thai bourse’s agenda
Thailand’s stock exchange may open the door to alcohol beverage listings, long a taboo topic in the predominantly Buddhist country, as it…
Business
Pig farming, livestreaming: Singaporeans find new opportunities in China
Ang Eng Guan has been running a pig farming business in Shandong’s Weifang for over 30 years “MY WISH has always been to have Singaporeans…
Business
Wealthy clients stocking up on Singapore equities to hedge against sliding greenback: BOS
The increase marks a sharp acceleration from the typical pace of growth in Singapore-focused allocations Allocations to Singapore dollar…
Business
Australian dollar hits 15-month top, inflation data a mixed bag
The Australian dollar hit 15-month highs on Wednesday as a mixed bag of inflation data kept alive the prospect of a near-term hike in…