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Tag: business

Posted on 11/09/2021

Singapore’s City Developments Divests From Troubled China Unit

Singapore’s City Developments Ltd. is selling its stake in Chongqing Sincere Yuanchuang Industry Co. for $1, as it ends the tumultuous backing of the cash-strapped Chinese developer. Sonic Investment ... ( read original story ...)

Posted on 11/09/2021

Singapore and Vietnam key stops for China’s Wang Yi on latest Asian friendship tour

The latest Asian tour by China’s top diplomat comes only three weeks after Harris called out Beijing’s actions in the South China Sea during her visit to Singapore and Vietnam ... ( read original story ...)

Posted on 11/09/2021

Singapore’s Sea Ltd secures $6 billion in mega fund raising

Sea operates the popular e-commerce site Shopee, which has been expanded through Asia and Latin America, and the company is pushing into Europe by ope.. ( read original story ...)

Posted on 11/09/2021

Asia Fuel Oil: Markets ease as Singapore inventories jump despite low net imports

Singapore fuel oil net imports from Taiwan were at their highest since December 2017. The top net export destinations for Singapore fuel oil were Saudi Arabia at 100,000 tonnes, a three-week high, ... ( read original story ...)

Posted on 10/09/2021

Hiving off SPH’s media business: Timeline of recent developments and next steps

SINGAPORE - Shareholders of Singapore Press Holdings (SPH) have voted overwhelmingly in favour of carving out its media business into a new company limited by guarantee (CLG).. Read more at ... ( read original story ...)

Posted on 10/09/2021

SPH shareholders vote in favour of hiving off media business

SINGAPORE - Shareholders of Singapore Press Holdings (SPH) have overwhelmingly backed its plan to hive off its media business, paving the way for the formation of a new company limited by guarantee ... ( read original story ...)

Posted on 10/09/2021

Entrepreneur Patrick Grove Considering a Singapore SPAC

Patrick Grove, an internet entrepreneur, is weighing listing a special purpose acquisition company in Singapore, according to people familiar with the matter, joining the race to be the first to ... ( read original story ...)

Posted on 10/09/2021

Company director fined S$50,000 for evading GST on imports of flashlights

SINGAPORE: A company director has been fined S$50,000 for evading Goods and Services Tax (GST) on shipments of LED flashlights and other accessories, Singapore Customs said on Friday (Sep 10). Kong ... ( read original story ...)

Posted on 10/09/2021

Cases Surge But Singapore Hasn’t Blinked on Reopening- Yet

Singapore is hitting Covid-19 case levels not seen since the early days of the outbreak, putting the city-state's recent pledge to slowly open up and live with the virus to the test. ( read original story ...)

Posted on 10/09/2021

Singapore’s Sea raises $8 billion in mega fund raising

Singapore online gaming and e-commerce firm Sea has raised about US$6 billion (S$8.1 billion) in a sale of United States shares and convertible bonds, in the biggest ever equity offering by a ... ( read original story ...)

Posted on 10/09/2021

Top Glove shares jump after US revokes import ban over alleged forced labour

The US authorities had banned disposable gloves made by the world's largest medical glove maker since July 2020.. Read more at straitstimes.com. ( read original story ...)

Posted on 10/09/2021

Winding up media business ‘may incur potentially heavy financial costs’, would need regulatory approval: SPH

SPH told shareholders ahead of an EGM that winding up or selling its media business was not a feasible option.. Read more at straitstimes.com. ( read original story ...)

Posted on 10/09/2021

Singapore SPACs need to go hunting in India, Indonesia for promising firms

Celebrities need not apply. Serena Williams or A-Rod won’t be luring Indonesian travel booking website Traveloka or Vietnamese gaming firm VNG Corp. to Singapore. And that’s the most important thing. ( read original story ...)

Posted on 10/09/2021

Toxic work culture in Asian gaming firms in spotlight as Singapore investigates Ubisoft

Workers at Ubisoft Singapore, the studio behind games including Assassin’s Creed: Valhalla, have accused it of sexual harassment and racial discrimination. ( read original story ...)

Posted on 10/09/2021

Get your airport staff vaccinated, Singapore Airlines urges

As the countdown continues to Australia reopening with vaccination passports, the airline’s local boss says far more consultation and planning is needed. ( read original story ...)

Posted on 09/09/2021

‘Smooth and seamless’ process for first passengers under vaccinated travel lane from Germany to Singapore

SINGAPORE: It was a “smooth and seamless” process travelling from Germany to Singapore under the new quarantine-free travel arrangement, said passengers who arrived on the first two designated flights ... ( read original story ...)

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