SINGAPORE (THE BUSINESS TIMES) – Credit Bureau Asia (CBA), a credit and risk information solutions provider, has lodged a preliminary prospectus for a mainboard listing on the Singapore Exchange (SGX). For the financial year ended Dec 31, 2019, CBA posted a net profit of $7 million, up 27.3 per cent from $5.5 million a year […]

BEIJING (BLOOMBERG) – The credit default shock waves rippling through China are hurting demand for sovereign bonds, with market watchers seeing the slide lasting the rest of 2020. China’s 10-year government notes are set to drop for a seventh month in November, on track for the longest retreat since 2007. The decline has pushed the […]

SAN FRANCISCO (BLOOMBERG) – It’s been an eventful few days for Elon Musk. The billionaire tested positive for Covid-19, his rocket company launched four astronauts into space, and on Monday (Nov 16) his electric carmaker Tesla was named for inclusion in the S&P 500 Index. The last bit of news also means Mr Musk, 49, […]

SINGAPORE (THE BUSINESS TIMES) – Singapore Airlines (SIA) has upsized its multicurrency medium-term note programme limit to $10 billion, up from $5 billion previously, the flag carrier said in a bourse filing on Tuesday (Nov 17). Net proceeds from the issuance of notes under this programme will be used for general corporate or working capital […]

BEIJING (BLOOMBERG) – A top Chinese chipmaker failed to repay a 1.3 billion yuan (S$265.6 million) privately issued bond, becoming the nation’s newest high-profile debt defaulter. Tsinghua Unigroup said it wasn’t able to repay on time the 5.6 per cent, onshore bond due on Monday (Nov 16), which constitutes an actual default, according to a […]

BENGALURU (REUTERS) – Trading on the Australian Securities Exchange resumed on Tuesday (Nov 17) following a software glitch that had forced the stock exchange on Monday to halt minutes after opening, in the biggest outage in a decade. The country’s benchmark stock index gained as much as 0.4 per cent by 2330 GMT and was […]

SINGAPORE (THE BUSINESS TIMES) – Healthcare and energy firm New Silkroutes Group has appointed chief executive officer (CEO) VicPearly Wong as its executive director, and Lincoln Kwok as its finance director. With the additional role, Dr Wong, 44, is responsible for the overall management and operations of the group, as well as facilitating and managing […]

BENGALURU (REUTERS) – Australian casino giant Crown Resorts said on Tuesday (Nov 17) it would permanently stop dealing with all gambling tour operators, unless they were licenced and approved by all gaming regulators in the states the company operates in. An inquiry was called by the casino regulator of New South Wales state after 2019 […]

BEIJING (REUTERS) – China’s industrial output rose at a faster-than-expected pace in October, while retail sales continued to recover albeit at a slower-than-forecast pace as the world’s second-largest economy emerged from its Covid-19 slump. Industrial output climbed 6.9 per cent in October from a year earlier, data from the National Statistics Bureau showed on Monday […]

SINGAPORE (THE BUSINESS TIMES) – CapitaLand has targeted to grow its China exposure in the sector to $5 billion over the next few years, from $1.5 billion. This will be done by redeploying part of the capital from asset recycling to new economy assets such as business parks, logistics and data centres, the property giant […]

SINGAPORE (THE BUSINESS TIMES) – Axington has received a letter of demand from its landlord Klang Valley Projects claiming about RM15,592 (S$5,905) in rent arrears and late interest charges for September and October this year. These relate to its lease of a unit at office building Wisma Goldhill at 67 Jalan Raja Chulan in Kuala […]

SYDNEY (AFP) – Trading was halted on Sydney’s leading ASX stock market for an extended period on Monday (Nov 16), as operators tried to fix “market data issues”. Problems began shortly after trade opened for the week, forcing a market pause as ASX said it was investigating the cause. “ASX apologises for the disruption and […]

SINGAPORE (THE BUSINESS TIMES) – Medtecs International is planning to transfer the company’s listing from the Catalist to the mainboard of the Singapore Exchange (SGX), it said on Monday (Nov 16). Separately, Medtecs also announced that the group will be included in the MSCI Singapore Small Cap Index from Nov 30, after market close on […]

Finance will play a pivotal role in transitioning Asia towards a more sustainable future. Banks and financial institutions in the region have been taking the fight to climate change through the provision of green finance – whether in the form of green bonds or sustainable lending products. Please subscribe or log in to continue reading […]

When Robert De Niro’s 70-year-old character takes up an internship at an e-commerce fashion start-up in the movie The Intern (2015), he starts off needing help with technology and not having much to do. But he finds ways to learn and help, and eventually becomes an invaluable member of the team. Please subscribe or log […]

It may seem like a surprising time to quit a job, but for Ms Joyce Toh, the Covid-19 pandemic jolted her out of her familiar job in museums and into an internship at a start-up. Ms Toh, 44, left her job as a senior curator in September after 13 years as she felt her growth […]

Children’s happiness is often linked to the financial preparedness of their parents, and what is worrying is that a survey conducted by Income found that about 75 per cent of parents here are concerned about not having enough money to provide things that make their children happy. “This is an important finding, because we also […]

When Robert De Niro’s 70-year-old character takes up an internship at an e-commerce fashion start-up in the movie The Intern (2015), he starts off needing help with technology and not having much to do. But he finds ways to learn and help, and eventually becomes an invaluable member of the team. Please subscribe or log […]

NEW YORK (AFP) – After an unpredictable week, Wall Street finished Friday (Nov 13) on a high note, shrugging off concerns over the surge in Covid-19 cases and new pandemic restrictions that threaten to slow the US economy. The benchmark Dow Jones Industrial Average rose 1.4 per cent to close at 29,479.81. The broad-based S&P […]

The disruptions on labour force and global supply chains amid the Covid-19 crisis have made companies and industries see the unique value of robots in mitigating the impact. Local start-up Cognicept Systems wants to seize this opportunity to make it easier and cheaper for firms to deploy robots in areas such as logistics and cleaning, […]