Business News

Singapore stocks fall for second day on global woes

Slump in global crude prices weigh on investor sentiment.

Jun 21, 2017

By Aastha Agnihotri

Philippines: LT group of companies sees expansion in Southeast Asia

Michaeal Tan, LT Group of companies Director, says it is looking at their beverage business to expand in the ASEAN region.

Jun 21, 2017

By Noel Tarrazona

Barclays charged with conspiracy to commit fraud over 2008 financial crisis fundraising

The lender and four former executives have all been charged with conspiracy to commit fraud, after a five year investigation into fundraising during the 2008 financial crisis. The charges centre around payments to Qatari investors, during Barclays £11.8bn ($14.9bn) fundraising to avoid being bailed out in 2008.

Jun 20, 2017

By Staff Reporter

Singapore exports jump in December on back of 40% rise in China shipments

SGX taps A*STAR to help SMEs access capital markets, research technologies

The partnership is targeted at companies in the technology sector, including subsectors such as medtech, biotech, cleantech, digital tech and consumer tech.

Jun 19, 2017

By Kiersnerr Gerwin Tacadena

Amazons Jeff Bezos asked Twitter for philanthropy ideas and Twitter responded

Amazon founder and CEO Jeff Bezos wanted ideas for philanthropy. So he sent a tweet to his more than 220,000 followers, asking for suggestions. Here are some of the most interesting answers.

Jun 17, 2017

By Staff Reporter

LGBT men from Chechnya arrested and tortured because of their sexuality

Two men from Chechnya said they were detained by police and subjected to torture and beatings because they were homosexual, which is considered a crime by some in their deeply conservative region of Russia.

Jun 17, 2017

By Staff Reporter

After decades of accusations, Bill Cosby awaits verdict in sexual assault case

After decades of accusations, dozens of alleged sex crime victims await Bill Cosbys verdict in the sexual assault case Constand v. Cosby.

Jun 17, 2017

By Staff Reporter

Singapore's largest bus maker to foray into Myanmar with $30m facility

Singapore SC Auto will be setting up a $30 million facility in Yangon, Myanmar with the help of International Enterprise (IE) Singapore.

Jun 16, 2017

By Kiersnerr Gerwin Tacadena

Singapore launches shuttle bus service between Changi Airport, Tanah Merah Ferry Terminal

Singapore banks still top most valuable brands list this year

Brand Finance CEO David Haigh noted that there have been aggressive moves from banks lately, particularly in mergers and acquisitions.

Jun 16, 2017

By Kiersnerr Gerwin Tacadena

Tigerair to operate under Scoot brand starting July 25

The integrated Scoot fleet will comprise Boeing 787 Dreamliner and Airbus A320-family aircraft.

Jun 16, 2017

By Kiersnerr Gerwin Tacadena

Singapore non-oil domestic exports extend declines in May

Analysts at UOB said the two consecutive months of contraction in Singapore NODX have alarmed market watchers since it was growing at an average growth of 14% over the 5 months prior.

Jun 16, 2017

By Kiersnerr Gerwin Tacadena

Singapore: Economists raise full-year GDP forecasts to 2.5%

For next year, analysts' median expectation is for GDP growth to reach 2.5%.

Jun 15, 2017

By Kiersnerr Gerwin Tacadena

Indonesia sets economic growth between 5.2% and 5.6%, Google to pay up taxes

Bank Indonesia (BI) had offered a range of 5.1 per cent to 5.5 per cent with lawmakers leaning towards the range BI has set.

Jun 14, 2017

By Ushar Daniele

GE CEO Jeff Immelt steps down

General Electrics Jeff Immelt, CEO since 2001, is stepping down. He will be replaced by John Flannery, who is currently the president of GE Healthcare.

Jun 13, 2017

By Staff Reporter

Malaysia: Boustead Plantations looks ahead of dwindling crude oil prices, aims at boosting efficiency

The group expects a larger CPO production from next month spanning to early next year with the group posting a surge in its revenue.

Jun 13, 2017

By Ushar Daniele

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