Entrepreneurship
Singapore shares slide in tandem with regional bourses and Wall Street; STI drops 0.1%
Decliners beat gainers 288 to 178 across the broader Singapore market, with 1.1 billion securities valued at S$1.4 billion changing hands[SINGAPORE] Asian bourses, including Singapore’s, were largely in the...
Lenovo reports 64% profit decline in fourth quarter
Published Thu, May 22, 2025 · 01:30 PM[BEIJING] China’s Lenovo, the world’s largest personal computer manufacturer, on Thursday reported a worse-than-expected 64 per cent fall in fourth-quarter profit, which...
Former central bank deputy governor to head Bank of China: sources
Published Thu, May 22, 2025 · 12:31 PM[BEIJING] China will appoint financial veteran Liu Guiping as chairman of Bank of China (BOC), the nation’s fourth-largest state-owned bank, two sources...
CPF Special, MediSave and Retirement Accounts’ interest rate remains at 4% for Q3 2025
[SINGAPORE] The interest rate for the Central Provident Fund’s (CPF) Special, MediSave and Retirement Accounts (SMRA) will remain at 4 per cent per annum in the third quarter of...
Asia: Equities track Wall Street sell-off as US deficit fears grow
[HONG KONG] Asian equities sank and Treasuries remained under pressure following sharp losses on Wall Street fuelled by US economy fears as Donald Trump tries to push through fresh...
Singtel jumps 3.6% on S$0.10 per share dividend, S$2 billion share buyback plan
Company’s shares hit their highest price in more than 5 years as telco returns to the black with S$2.8 billion H2 net profit[SINGAPORE] Shares of Singtel rose on Thursday...
Dollar-store billionaire poised to emerge from Malaysia IPO
[KUALA LUMPUR] A discount chain with signature red storefronts has drawn legions of Malaysians looking for good deals – and made its founder a billionaire.Eco-Shop Marketing, which operates more...
As Rolex shrinks retail near new New York City flagship, Patek Philippe expands
[NEW YORK] After 45 years, Rolexes will no longer be sold at Wempe, the tony watch and jewellery dealer at 700 Fifth Ave, one of retail’s most prestigious addresses.The...
Chinese firms go on fundraising spree amid rush of easy money
[HONG KONG] Chinese companies are seizing on a window of opportunity to raise capital as global investors pour money into Asian assets in search of alternatives to the US.The...
Consumer groups want airlines to pay for baggage fees ‘distress’
[PARIS] Sixteen European consumer groups on Wednesday called on the European Union to take action against seven low-cost airlines over their baggage fees.The European Consumer Organisation, BEUC, which has...
