Entrepreneurship
Citigroup profit beats estimates on trading, deals windfall
[NEW YORK] Citigroup’s quarterly profit beat Wall Street estimates on Tuesday (Jul 15), as its traders brought in a windfall from turbulent markets and investment bankers gained from resilient...
Philip Yeo to step down from CDL board
[SINGAPORE] City Developments Ltd (CDL) announced the retirement of Philip Yeo, who notably backed executive chairman Kwek Leng Beng’s bitter boardroom battle against his son, chief executive officer Sherman...
At Las Vegas Sands, investment planning takes place over decades, not years or quarters
[SINGAPORE] One could say the number “15” is a rather auspicious one for Marina Bay Sands (MBS) and its parent company, Las Vegas Sands (LVS).By the time MBS completes...
Chinese carmaker Geely to pay US$2.4 billion to take full control of Zeekr
Published Tue, Jul 15, 2025 · 06:39 PM[BEIJING] Chinese automaker Geely Automobile will acquire the chunk of electric-vehicle maker Zeekr that it does not already own for US$2.40 billion,...
ECB to test banks’ resilience to geopolitical risk in 2026
Next year’s exercise will be part of banks’ self-evaluation of their capital needsPublished Tue, Jul 15, 2025 · 05:56 PM[FRANKFURT] The European Central Bank will test banks’ resilience to...
Society has to choose security over convenience when dealing with scams: MAS chief
Regulator is working to strengthen user authentication toolkit to defend against phishing[SINGAPORE] As a society, there is a need to choose more security over convenience especially when dealing with...
Singapore AUM up 12.2% in 2024, exceeds S$6 trillion for the first time
[SINGAPORE] Total assets under management (AUM) in Singapore rose 12.2 per cent to hit S$6.07 trillion as at Dec 31, 2024, surpassing the S$6 trillion mark for the first...
Chinese investors’ FX pile hits US$1 trillion amid low local rates
[BEIJING] Chinese corporates and households boosted their foreign-currency deposits last month to the highest in three years, as they shunned the renminbi on bets domestic interest rates will remain...
Temasek’s Heliconia Capital awaits MAS approval for new CEO after departure of Derek Lau
[SINGAPORE] Temasek-owned Heliconia Capital Management is awaiting regulatory approval for a new chief executive, some four months after the retirement of its long-time chief Derek Lau.The appointment of Lau’s...
Far East Hospitality opens two hotels in Osaka
[SINGAPORE] Far East Hospitality announced on Tuesday (Jul 15) the opening of two hotels in the Namba South and Honmachi districts in Osaka, in a bid to expand its...
