News
China’s Xiaomi to launch first SUV as shares near record high
[HONG KONG] The unveiling of Xiaomi’s first electric SUV on Thursday (Jun 26) will showcase how the Chinese tech company has become an investor darling with its high-stakes bet...
SingPost halves sacked CEO Vincent Phang’s pay to S$616,400
[SINGAPORE] Former Singapore Post (SingPost) group chief executive Vincent Phang, who was dismissed over the mishandling of a whistleblower complaint, received S$616,400 in remuneration for the financial year ended...
Oil rebounds on signs of strong US demand
[NEW YORK] Oil prices rose nearly 1 per cent on Wednesday, recovering from a sharp slide early this week, as data showed relatively strong US demand, and as investors assessed the...
US Federal Reserve’s Powell says tariff-driven inflation remains a big question
[NEW YORK] US Federal Reserve chair Jerome Powell on Wednesday (Jun 25) said the US central bank is still struggling to determine the impact of tariffs on consumer prices.“The...
Grab to pause changes to driver incentive scheme following backlash
[SINGAPORE] Ride-hailing service Grab will pause planned changes to its driver incentive scheme, following a backlash about the impact on drivers’ earnings and income stability.The pause is to ensure...
Banks critical to help companies in more protectionist global economic order: Gan Kim Yong
[SINGAPORE] Banks play a critical role in helping companies as they adapt to a more protectionist global economic order, said Deputy Prime Minister Gan Kim Yong, who is also...
One system to rule them all: Span to oversee 8 payment schemes including Giro, PayNow, QR code
[SINGAPORE] Banks play a critical role in helping companies as they adapt to a more protectionist global economic order, said Deputy Prime Minister Gan Kim Yong, who is also...
Keppel partners AIIB for up to US$1.5 billion in Asia-Pacific green infrastructure deals
[SINGAPORE] Asset manager Keppel has partnered Asian Infrastructure Investment Bank (AIIB) to facilitate up to US$1.5 billion worth of sustainable infrastructure investments and financing opportunities in Asia-Pacific.The tie-up will...
Going around in circles: Do Singapore investors have an appetite for another telco listing?
[SINGAPORE] Singapore’s public listing drought has left investors searching for any sign of life in the markets.It is understandable, then, that the potential listing of Singapore-based virtual telecommunications player...
Singapore Airlines CEO’s latest annual pay drops 14% to S$7 million despite record performance
[SINGAPORE] Singapore Airlines (SIA) paid its chief executive Goh Choon Phong S$7 million in remuneration for the latest financial year ended March 31, the carrier disclosed in its annual...
DBS, CapitaLand and more: Singapore’s long term wealth creation set to boost local stocks, says Morgan Stanley
[SINGAPORE] As Singapore reaches its 60th birthday, Morgan Stanley said the city-state is “primed for wealth creation”.That could unlock real gains for investors, the investment bank said in a...
DBS, CapitaLand and more: Singapore’s long-term wealth creation set to boost local stocks, says Morgan Stanley
[SINGAPORE] As Singapore reaches its 60th birthday, Morgan Stanley said the city-state is “primed for wealth creation”.That could unlock real gains for investors, the investment bank said in a...