Business News

Uber and rival Didi Chuxing to combine in China

Taxi app rival Didi Chuxing to buy Uber's China business

The total valuation of the combined ride-hailing company is $35 billion.

Aug 1, 2016

By Samhati Bhattacharjya

Singapore: Swiber files to wind up company, hit by oil slump

Stung by oil slump, Singapore oil field firm Swiber files for shutting operations

Founder and non-executive chairman Raymond Kim Goh and three other directors resign.

Jul 28, 2016

By Samhati Bhattacharjya

Raffles Medical Group Q1 profit rises 3.7%; revenue up 23%

Singapore: Raffles Medical Group records 4.5% growth in Q2

Raffles Medical says the revenue from all the divisions contributed positively to the growth.

Jul 25, 2016

By Samhati Bhattacharjya

Samsung chairman Lee Kun Hee caught up in sex scandal

The Korean news outlet, NewsTapa reported each woman was paid around 5 million won (S$5,979) by Lee.

Jul 23, 2016

By Samhati Bhattacharjya

Samsung

Singapore: Temasek offers to buy SMRT private for $1.18 billion

Singapore: Temasek makes $1.18 billion buyout offer for SMRT

Temasek and SMRT say they have accepted the New Rail Financing Framework as part of a regulatory transition.

Jul 21, 2016

By Samhati Bhattacharjya

Singapore June NODX fall 2.3% on-year due to weak China, Europe demand

Singapore June exports fall 2.3% on weak China, Europe demand

Economists say the government should boost fiscal stimulus to deal with pressure on the economy.

Jul 18, 2016

By Samhati Bhattacharjya

Singapore scrutinises UBS, DBS, Falcon over 1MDB transactions - sources

Singapore places UBS, DBS and Falcon under scrutiny over 1MDB transactions

The probe could lead to fines and other penalties if the authority finds any lapses.

Jul 17, 2016

By Samhati Bhattacharjya

Indonesian trade value reaches $416 billion in a week

Indonesia overtakes Malaysia and Thailand as biggest emerging market in Southeast Asia

The total value of the companies that traded in Indonesia recently reached $416 billion.

Jul 14, 2016

By Samhati Bhattacharjya

Singapore economy expands by 1.8 per cent in Quarter 1

Singapore economy expands at faster pace in Q2, helped by services rebound

GDP grows 2.2 percent in the second quarter, marginally higher than the 2.1 percent growth in the previous quarter.

Jul 14, 2016

By Samhati Bhattacharjya

Rayani Air, first Islamic airlines in Malaysia barred from flying

Rayani Air apologises for financial mess after investors' exit

The airlines says it is working on getting a 'second chance'.

Jul 13, 2016

By Samhati Bhattacharjya

Singapore Airlines rules out speculations of buying Virgin Australia

Singapore Airlines rules out buying majority stake in Virgin Australia

SIA said that they would prefer the Australian airlines remain "independent" rather than be fully-owned by any single entity.

Jun 24, 2016

By Samhati Bhattacharjya

Singapore named the 4th most expensive city for expatriates

This year in March, Mercer conducted a survey and derived the figures for the cost of living and rental accommodation costs comparisons.

Jun 22, 2016

By Samhati Bhattacharjya

walmart to sell chinese e commerce business to JD.com

Wal-Mart to sell Chinese e-commerce business to online retailer JD.com

Shares of Wal-Mart rise 26 cents, or 0.4 percent, to $71.21 in afternoon trading.

Jun 21, 2016

By Reuters

Economists trim Singapore GDP growth projection to 1.8% this year

Finance and insurance, as well as wholesale and retail trade sectors, will register moderate performance.

Jun 15, 2016

By Samhati Bhattacharjya

Singdollar nearing 3-year high vs UK's pound as Brexit concerns mount

Recent opinion polls show exit supporters keep an edge over the other camp as the vote is just a week away.

Jun 14, 2016

By Boby Michael

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