News
Bank of England plans staffing cuts because of budget pressures
[LONDON] The Bank of England is planning to reduce head count as its finances become strained by the cost of the modernisations recommended by Ben Bernanke.The UK central bank...
Chinese court orders Malaysia Airlines to pay US$3.3m in compensation over missing MH370 plane
[BEIJING] A Beijing court has ordered Malaysia Airlines to pay some families of missing passengers onboard flight MH370 a total of US$3.28 million or more than US$410,240 per case...
OCBC invests in low-carbon steel in Malaysia’s Sabah
The investment is for the development of a hot briquetted iron plant, which will be part of South-east Asia’s largest integrated low-carbon steel plant[SINGAPORE] OCBC’s mezzanine capital unit has...
China’s rare earth exports jump in November after Xi-Trump meeting
Exports in November jumped for a second consecutive month, by 26.5% from October to 5,493.9 metric tons[BEIJING] China’s rare earth exports jumped in November, the first full month since...
Courts, Prism+ rapped by consumer watchdog for misleading website features
The watchdog urges consumers to review their shopping carts, verify payment amounts and question urgency claims[SINGAPORE] The Competition and Consumer Commission of Singapore (CCCS) said it has taken action...
Crypto exchange Binance gains regulatory win in Abu Dhabi
[ABU DHABI] Binance Holdings has won three separate licenses from Abu Dhabi’s financial regulator, giving the crypto exchange giant one of its most comprehensive regulatory footholds yet.The approvals, issued...
Microsoft “aggressively” looking at South-east Asian clean energy projects amid data centre boom
The tech giant will also “take a very close look” at Singapore’s latest call to build new data centres[SINGAPORE] Microsoft is looking into cross-border clean energy projects in South-east...
Robinhood to enter Indonesia with brokerage, crypto trader acquisition
The country has more than 19 million capital market investors and 17 million cryptocurrency traders[BENGALURU] Robinhood Markets will acquire Indonesian brokerage firm Buana Capital Sekuritas and licensed digital asset...
WongPartnership issues payment demand to United Food for S$358,000 in unpaid professional fees
[SINGAPORE] United Food announced on Friday (Dec 5) that it received two letters of demand dated Dec 3 from WongPartnership, on behalf of the firm with respect of professional...
Stocks to watch: Sembcorp Industries, Singapore Paincare, Rex International
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Dec 8): Sembcorp Industries : The energy player on Monday confirmed it was in...
