News
Blackstone’s Schwarzman takes home more than US$1 billion in pay and dividends
BLACKSTONE chief executive officer Steve Schwarzman collected just over US$1 billion in pay and dividends in 2024, putting the spotlight on the billionaire’s wealth just as Washington takes aim...
China’s Zara tries going global in hopes of Shein-like success
FAST-FASHION retailer Shein blazed a trail for Chinese companies in the US and European markets. Now, another China-based apparel brand wants to replicate its success.With more stores than Inditex...
More tech layoffs hit Bay Area, as HP, Autodesk announce job cuts
Another round of layoffs hit the Bay Area’s volatile tech industry.HP Inc. plans to lay off up to 2,000 more employees as the company looks for ways to slash...
CDL chief Sherman Kwek’s denial of coup attempt ‘misses the point’: Kwek Leng Beng
CITY Developments Ltd (CDL) chairman Kwek Leng Beng has alleged that his son’s denial of an attempt to oust him “misses the point”, in yet another twist to the...
US: Wall St opens subdued after in-line inflation data
WALL Street’s main indexes had a subdued start on Friday (Feb 28) after data showed inflation rose as expected in January, while concerns that US President Donald Trump’s policies...
AirAsia owner Capital A swings to annual loss on forex losses, expects profitability in 2025
Capital A swung to an attributable loss of RM475.1 million (US$106.5 million) in 2024, from a profit of RM255.3 million in the previous yearMALAYSIA’S Capital A Berhad, owner of...
Who’s still playing Pokémon Go? Ask any of the 48,000 people at this Rose Bowl event
On the golf course just outside the Rose Bowl in Pasadena, thousands of people stride across the grass, phones in their hands and eyes on their screens.“Who has a...
Temasek-backed companies should not face obligation to list in Singapore: Chee Hong Tat
COMPANIES should not be obliged to list on the Singapore Exchange (SGX), said Second Minister for Finance Chee Hong Tat on Friday (Feb 28), in response to Workers’ Party...
Singapore shares fall as trade tariff concerns re-emerge overnight; STI down 0.7%
Across the broader market, losers beat gainers 379 to 226, after 2.1 billion securities worth S$2.4 billion are traded SINGAPORE stocks fell in tandem with other regional markets on...
Corporate governance risks and opportunities in CDL’s family feud
COMMON wisdom holds that independent directors in family-controlled listed companies are an essential safeguard against family members on the board and management colluding at the expense of minority shareholders....
