Entrepreneurship
EY Australia to consider ‘targeted restructuring’ as difficult operating conditions persist
EY AUSTRALIA is considering cutting jobs as part of “workforce adjustments” to reflect challenging market conditions, with some targeted restructuring possible for “particular circumstances” in the near term, the...
Circle says stablecoin issuers should be US registered
JEREMY Allaire, the co-founder of stablecoin issuer Circle Internet Financial, is making the case that the issuers of the US dollar-based cryptocurrencies that underpin much of the trading in...
Kwek Leng Beng moves to sack son and CDL CEO Sherman Kwek; files lawsuit over ‘attempted coup’
A BATTLE for control has erupted within property giant City Developments Ltd (CDL), pitting father and son against each other in the Kwek-family controlled company and exposing underlying tensions...
The unravelling of Hour Glass co-founder Jannie Chan’s fortunes
FETED at high-society events and billed as a poster girl for female entrepreneurship, Jannie Chan – erstwhile known as Jannie Tay – once graced the pages of Tatler and...
Lynas profit slumps 85% as low rare earths prices take toll
The miner’s performance indicates the market is still over-supplied, with rare earth oxide prices down due to strong output from China and its economic slowdownLYNAS Rare Earths’ first-half profit...
CDL H2 net profit drops 54.7% to S$113.5 million on property development segment’s lower contributions
PROPERTY player City Developments Ltd (CDL) posted a profit of S$113.5 million for its second half ended Dec 31, down 54.7 per cent from S$250.8 million in the previous...
China’s premier calls on big three telcom firms to step up R&D
A tariff war with the US is adding fresh urgency to finding new growth drivers, with Trump already imposing a 10 per cent levy on ChinaCHINESE Premier Li Qiang...
Apple to keep DEI efforts, though some adjustments possible
APPLE investors rejected an outside shareholder proposal to end the iPhone maker’s diversity, equity and inclusion (DEI) efforts, though chief executive officer Tim Cook said that the company may...
Trump to probe copper tariffs, opening door to new levy on metal
PRESIDENT Donald Trump signed an executive action directing the Commerce Department to examine possible copper tariffs, the latest in a string of measures aimed at imposing sector-specific levies that...
Coupang profit beats estimates, even as sales growth slows
COUPANG, the largest e-commerce company focused on South Korea, handily beat profit estimates for the fourth quarter, even as sales grew more slowly than expected during the period.The online...
