BRC’s revenue and net profit for the 1QFY2023 ended Dec 31, 2022, stood below their expectations. BRC’s net profit for the quarter stood 12.2% lower y-o-y at $11.7 million and at 13.1% of Tan and ...
DBS chief Piyush Gupta’s pay climbs 13% to S$15.4 million as bank profit soars
SINGAPORE: DBS Group chief executive Piyush Gupta earned S$15.4 million in 2022, a 13 per cent increase in what was a banner year for Southeast Asia's biggest lender. That included a cash bonus of S$5 ...
HCMC calls for Singapore investment in major projects
HCMC called on Singaporean investors to invest in the city’s priority projects such as HCMC – Moc Bai Expressway, Beltway No. 4, and Metro line 3A-3B-4, reported the local media. At a conference on in ...
Assistant finance manager who was deep in debt admits to stealing $5m belonging to firm
SINGAPORE - An assistant finance manager who was heavily in debt began misappropriating money belonging to his firm. Read more at straitstimes.com.
After year of injury, emotional Ko Jin-young defends HSBC Women’s World Championship title
It was a long week and an even longer year, but Ko Jin-young is a champion once again. Almost a year to the day since her record-shattering victory at the HSBC Women’s World Championship, the South ...
Sebas acquires former Citibank site near UOB
THE FORMER Citibank property on University Drive has been renamed in honour of the father of its new owner - Island Luck chief, Sebas Bastian. The building, which houses a Scotiabank branch ...
Indonesia targets $66b in foreign investment for 2023, up 7.5% from 2022
Indonesia, South-east Asia’s largest economy, is targeting nearly US$49 billion (S$66.2 billion) in foreign direct investment (FDI) this year, about a 7.5 per cent increase over inflows for 2022, said ...
Singapore’s Keppel aims to invest in Vietnam amid ‘China plus one’ shift
The Keppel Corporation in Singapore is tapping emerging markets such as Vietnam for growth. Vietnam is emerging as a manufacturing hub for investors who are looking to diversify from China. Loh Chin ...
Asia markets spooked by troubled US start-up bank, Singapore stock index down 0.8%
Asia stocks fell after a US Silicon Valley start-up lender unleashed fears of broader banking-system stress. Read more at straitstimes.com.
Will Nifty top 17600 or bears to drag? Check US, Asia stocks, SGX Nifty, FII/DII data, more before market opens
Indian benchmark indices are likely to open decisively in the red, hinted SGX Nifty. Check nine key things to know before the market's opening bell on Friday.
Tata Technologies files for IPO: All you need to know
Tata Technologies, a unit of Tata Motors, filed for an initial public offering (IPO) on Thursday, according to draft papers filed with the market regulator Securities and Exchange Board of India (Sebi ...
Grab finance chief reduces stake through $1.5 million share sale
Grab shares have declined more than 70% since it merged with a US blank-cheque company in late 2021. Read more at straitstimes.com.
Singapore’s Central Bank Boosted Gold Reserves 30% in January
Singapore boosted its gold reserves by about 30% in January, joining central banks from China to Turkey in building up holdings of the precious metal.Most Read from BloombergCompanies Are Telling Us ...
DBS CEO Piyush Gupta’s 2022 salary rises 13.2 per cent to $15.4 million, which includes club, car and driver benefits worth $80k
Mr Piyush Gupta, the chief executive of DBS Group, saw his annual earnings climb 13.2 per cent to $15.4 million in 2022 as South-east Asia’s biggest bank posted record profit and return on equity (ROE ...
Chart of the Day: Top asset classes women in Singapore invest in
Apart from stocks, Singaporean women also like to invest in bonds (17.2%), exchange-traded funds (ETFs) (14.0%), funds (13.2%), and real estate investment trusts (REITs) (5.2%). Also part of the top ...
Shein set to raise US$2bil, eyes US IPO later this year
Chinese online fashion retailer Shein is set to raise around US$2bil (RM9bil) in a new funding round this month and is aiming for a US listing in the second half of this year, three people with ...