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Category: BUSINESS

Posted on 06/01/2023

Crypto exchange Huobi to lay off 20% of staff

Crypto exchange Huobi plans to lay off about 20% of its staff, the company told Reuters on Friday. "The planned layoff ratio is about 20%, but it is not implemented now. With the current state of the ...

Posted on 06/01/2023

Crypto exchange Huobi to lay off 20% of staff – Justin Sun

Crypto exchange Huobi plans to lay off about 20% of its staff, Tron founder Justin Sun told Reuters. Sun, a Chinese cryptocurrency entrepreneur who is also a member of Huobi's global advisory board, ...

Posted on 06/01/2023

Exclusive: China Energy places order to import Australian coal, sources say

China Energy Investment Corp has placed an order to import Australian coal, three sources familiar with the matter said on Friday, in one of the first deals since Beijing eased an unofficial ban ...

Posted on 06/01/2023

Global Chinese firms try ‘decoupling’ from China as business climate turns hostile

In the United States, “Made in China” and “China-based” labels are now politically toxic; Public relations specialists note a growing trend of some Chinese companies posit ...

Posted on 06/01/2023

Singapore’s fashion scene is taking off, and some players are heading overseas

SINGAPORE fashion brands are gaining popularity among local consumers, with some consumers attracted to the green credentials of several of these homegrown labels, and others seeking a piece of home ...

Posted on 06/01/2023

Olam Agri picks banks for $1.34 billion Singapore listing

The IPO of the agribusiness unit could raise as much as US$1 billion (S$1.34 billion), sources said. Read more at straitstimes.com.

Posted on 06/01/2023

Sim Wong Hoo’s Creative legacy shows small country can make world-class products, say Singapore tech players

Creative Technology’s founder Sim Wong Hoo put Singapore on the global map for technology innovations and showed that success was possible despite ...

Posted on 06/01/2023

More retailers in Singapore absorbing GST increase to help consumers ‘tide through inflation period’

Now that the year has turned, some retailers have switched from getting consumers to buy big-ticket items before the Goods and Service Tax (GST) go up to absorbing the tax increase for customers or ...

Posted on 06/01/2023

Singapore’s retail sales grew 6.2% year-on-year in November 2022

DOS of Singapore announced that the country's retail sales grew by 6.2 per cent year on year in November 2022, following the about 10.3 per cent year-on-year increase recorded in the previous month ...

Posted on 05/01/2023

Singapore food waste start-up UglyFood closes down

SINGAPORE: UglyFood, the local start-up with a stated mission to reduce food waste, is closing down close to seven years after its launch. The online grocer said it was winding up as it was "unable to ...

Posted on 05/01/2023

Singapore shares rise on Thursday; STI up 1.1%

SINGAPORE shares were pulled into positive territory on Thursday (Jan 5) following overnight gains from major markets in the US and Europe. Read more at The Business Times.

Posted on 05/01/2023

Singapore likely to achieve balanced budget in current government term despite Covid deficit

THE Singapore government is expected to balance its budget for the current term, set to end by 2025, despite a record S$51.6 billion overall budget deficit in financial year 2020 when the Covid-19 ...

Posted on 05/01/2023

Bloomberg TV seeks an on-air reporter/producer in Singapore

Bloomberg TV is seeking an On-air reporter/Producer based in our Singapore bureau. You’ll be reporting on markets as well as a range of other topics including business, economics and politics. You’ll ...

Posted on 05/01/2023

Singapore-based crypto firm hit by Dec 26 hack, more than $10 million lost

Thousands of users reported having their funds stolen from their BitKeep wallets. Read more at straitstimes.com.

Posted on 05/01/2023

Singapore grants FBO license to Converge unit

Converge ICT Solutions Inc. may now provide international connectivity services in Singapore, as the Infocomm Media Development Authority (IMDA) granted a Facilities-Based Operations (FBO) Licence to ...

Posted on 04/01/2023

Govt to import 100,000 MT of rice from India and Singapore

The government will import 100,000 metric tons (MT) of rice from the international market. The Cabinet Committee on Government Purchase, in a meeting with Finance Minister AHM Mustafa Kamal in the ...

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