Entrepreneurship

China’s oil teapots rocked by tax rules that threaten closures
CHINA’S smaller, independent oil refineries are getting squeezed by a stricter tax regime, which could accelerate shutdowns in the embattled sector.The refiners, dubbed teapots, are in the crosshairs of...
Bank of Korea cuts rate to boost demand as Trump tariffs threaten exports
THE Bank of Korea (BOK) cut its benchmark interest rate in a widely expected move to support an economy jolted by political turmoil and threatened by the trade impact...
Bank of Korea cuts rate to boost demand as Trump tariffs cast shadow
THE Bank of Korea (BOK) cut its benchmark interest rate in a widely expected move to support an economy jolted by political turmoil and threatened by the trade impact...
Great Eastern Q4 profit falls 14% to S$134.8 million, reflecting medical insurance provisions
GREAT Eastern on Tuesday (Feb 25) pointed to provisions made for its medical insurance business as the primary reason its net profit fell 14 per cent to S$134.8 million...
Stocks to watch: Great Eastern, FCT, Yangzijiang Financial, PropNex, EC World Reit 
THE following companies saw new developments that may affect trading of their securities on Tuesday (Feb 25). Great Eastern: The insurance provider on Tuesday reported a net profit of S$134.8...
Brookfield makes US$1.7 billion bet on power needs by AI, data
BROOKFIELD Asset Management agreed to spend US$1.7 billion in a deal to expand its US onshore renewables business as the company bets there will be increasing demand for electricity...
Zoom issues dour revenue forecasts as demand slows
ZOOM Communications forecast revenue for the full year and the first quarter below Wall Street estimates on Monday as the company navigates an environment where employers are gradually moving...
Chevron reorganises business structure, reshuffles leadership
CHEVRON said on Monday it would reorganise some of its business structures and reshuffle the leadership team, the latest move by the US energy major to simplify its operations.The...
Tesla deploys long-awaited FSD features to drivers in China
TESLA has started rolling out a software update for customers in China that enables driver-assistance capabilities similar to those marketed as Full Self-Driving (FSD) in the US. The update, which...
Unveiling the Secrets of Wealth Preservation and Management
Wealth isn’t just about numbers on a screen or balances in a bank account. It’s a testament to your hard work, strategic decisions, and, often, the legacy you aim...
Starbucks cuts 1,100 corporate jobs in bid to speed turnaround
STARBUCKS is eliminating 1,100 corporate jobs in a move aimed at increasing efficiency and quickly enacting changes to revitalise the company. The cuts represent about 7 per cent of the...
Yangzijiang Financial H2 earnings soars to S$197.3 million 
INVESTMENT management firm Yangzijiang Financial reported a net profit of S$197.3 million in the second half ended Dec 31, 2024, an increase of about five times from S$39.3 million...