News
Iata ‘watching very carefully’ for profiteering in tariff-exempt aerospace industry
[SINGAPORE] The International Air Transport Association (Iata) is on the lookout for players in the aerospace industry attempting to profiteer by using trade tariffs to justify price hikes.The industry...
Five things about Philip Yeo, former EDB chairman and outgoing CDL director
[SINGAPORE] Veteran public servant and economic heavyweight Philip Yeo made headlines on Tuesday (Jul 15), when news broke that he was retiring from City Development Limited’s (CDL) board of...
South Korea seeks to unlock property money in ‘Kospi 5,000’ drive
SOUTH Korea is seeking to redirect household wealth concentrated in real estate into equities, according to a lawmaker spearheading a committee tasked with supercharging the nation’s stock market.“Reviving the...
Competition watchdog seeks public feedback on proposed takeover of Seaco by Stonepeak-linked company
[SINGAPORE] The Competition and Consumer Commission of Singapore (CCCS) is seeking public feedback on the proposed acquisition of Global Sea Containers (Seaco) by special purpose vehicle Typewriter Ascend. On...
Citi to boost Japan investment banking headcount up to 15%, executive says
[HONG KONG] Citigroup plans to raise its investment banking headcount in Japan by 10 to 15 per cent over the next year and make new hires in Australia, as...
TikTok’s Chinese workers seek tax compensation for US relocation
[BEIJING] Some of TikTok’s Chinese employees are requesting company compensation for additional taxes incurred due to their relocation to the US, according to sources familiar with the matter.The workers...
Asia: Hong Kong stocks lifted by Nvidia rally
[HONG KONG] Tech firms led another rally in Hong Kong stocks Wednesday after US titan Nvidia said it would resume exports of key chips to China after Washington pledged...
Shangri-La Asia appoints Robert Kuok’s daughter Kuok Hui Kwong as new CEO
She is the daughter of Shangri-La founder Robert Kuok, who is Malaysia’s richest man[SINGAPORE] Shangri-La Asia announced the appointment of Kuok Hui Kwong as its new chief executive officer...
European asset manager Amundi, Endowus launch low-cost index fund tracking STI
[SINGAPORE] European asset manager Amundi and wealth adviser and investment platform Endowus on Wednesday (Jul 16) launched the Amundi Singapore Straits Times Index (STI) Fund. This marks the first...
Small but rising Japanese opposition party warns against near-term BOJ rate hike
[TOKYO] The Bank of Japan should hold off raising interest rates until the economy achieves a stronger recovery, Sohei Kamiya, head of the small opposition party Sanseito said ahead...
