Entrepreneurship
China starts pilot project allowing insurance funds to invest in gold
CHINA, the world’s biggest bullion consumer, will allow some of its insurance funds to buy gold for medium- and long-term asset allocations as part of a pilot project, the...
Creative H1 loss widens to US$6.1 million on higher expenses
Uncertainty over import tariffs by the US and potential retaliatory measures from affected countries may affect consumer demand, says the group on its outlookHOME-GROWN electronics company Creative Technology saw...
Frasers Property registers S$1 billion in pre-sold revenue as at end-2024; net gearing up to 86.4%
FRASERS Property registered S$1 billion in pre-sold revenue across Singapore, Australia, Thailand and China, as at Dec 31, 2024, its business update on Friday (Feb 7) indicated.Net gearing stood...
Kia contests US$14 million India tax demand for wrongly using trade treaty exemptions
Tax investigations in India can drag on for years and are often a sore point for foreign companiesKIA on Friday (Feb 7) said it is contesting an Indian tax...
Vietnam sets ambitious nuclear power goals to help fuel growth
VIETNAM formally approved a nuclear power development plan with the aim of having a reactor online in the next decade, an ambitious strategy to lift energy security and meet...
Xiaomi hits new high on China’s subsidy programme boost
XIAOMI’S shares surged to a fresh record in Hong Kong on Friday (Feb 7), as new product launches and benefits from China’s nationwide subsidy programme burnished the company’s sales...
SGX soars 9% on profit surge and strong prospects ahead; Maybank upgrades stock to ‘buy’
MAYBANK upgraded its call for the Singapore Exchange (SGX) to “buy” and raised its price target for the stock on Friday (Feb 7).That comes after SGX on Thursday (Feb...
Smart Meters: Big Brother in Your Business?
Smart meters are popping up everywhere, from homes to businesses, promising to revolutionize how we use energy. But are they really as beneficial as they seem, or are they...
BYD shares soar 21% this week as traders await autopilot update
BYD’S shares recorded their best week since late 2020, as investor enthusiasm built ahead of the Chinese electric-vehicle maker’s keenly awaited update on its smart-driving technology.
The company’s Hong Kong-listed...
Citadel gives rare glimpse of US$57 billion gains from its largest funds
CITADEL offered a rare glimpse under the hood of its multistrategy funds during a lucrative period for the most profitable hedge fund firm ever. The firm’s US$1 billion bond...
