SINGAPORE (THE BUSINESS TIMES) – The trust scheme for the merger of CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT, along with an expanded investment mandate, became effective and binding on Wednesday (Oct 21). Accordingly, CCT unitholders will receive payment of the scheme consideration – comprising 25.9 cents in cash and 0.72 new CMT […]

SEATTLE (REUTERS) – Amazon.com on Tuesday (Oct 20) told employees whose work can be done from home that they can do so until June, extending the timeline on a return to office due to the Covid-19 pandemic. “Employees who work in a role that can effectively be done from home are welcome to do so […]

NEW YORK (BLOOMBERG) – Shares of Snapchat parent Snap surged more than 20 per cent after the social-media company reported quarterly revenue and user growth that topped estimates, lifted by advertisers’ stepped-up spending and consumers’ increased use of their phones for messaging and entertainment during the pandemic. The company, which makes the popular Snapchat mobile […]

SINGAPORE (THE BUSINESS TIMES) – Mapletree Logistics Trust (MLT) announced on Monday (Oct 19) that it is seeking to acquire nine logistics properties in China, Malaysia and Vietnam, and also the remaining 50 per cent interest in 15 properties in China for a total of $1.09 billion. The aggregate agreed property value of the properties […]

TOKYO • Japan’s exports fell last month at the slowest pace in seven months as US-bound vehicle shipments rose from lows brought about by the Covid-19 pandemic, indicating easing pressure on the world’s third-largest economy. Official data yesterday showed exports fell 4.9 per cent in September against the same month a year earlier, more than […]

Around 1,900 jobs have been made available since April in Singapore’s fast-growing electronics industry, which has outperformed other segments of the economy amid the coronavirus-induced recession. The industry as a whole reaped $5.7 billion in fixed assets investment in the first nine months of the year and recorded $376 million in total business expenditure. Just […]

SYDNEY • Crown Resorts’ stock yesterday slumped the most since March after the casino operator said it is being investigated for possible breach of anti-money laundering and counter-terrorism financing rules. Australia’s financial crimes regulator has started an enforcement probe into compliance at Crown’s flagship Melbourne casino, the company said. Austrac’s concerns arose during an assessment […]

The sale of 6,050 telecommunication towers by Singtel’s Indonesian joint venture company for 10.3 trillion rupiah (S$954 million) will likely support the Singapore telco’s dividends, said DBS Group Research. Jakarta-based Telekomunikasi Selular (Telkomsel), in which Singtel has a 35 per cent stake, is selling the towers to Dayamitra Telekomunikasi (Mitratel), Singtel said last Friday. In […]

SINGAPORE (THE BUSINESS TIMES) – A Catalist-listed medtech firm that made strong gains this year as investors hunt for tech exposure, has now claimed that that a Japanese group breached intellectual property-related (IP) agreements. Biolidics has issued a letter of demand to Japan-based healthcare group Sysmex Corporation, saying that Sysmex breached IP obligations under a […]

BEIJING (BLOOMBERG) – China’s economic recovery from the depths plunged during the Covid-19 pandemic continued, providing support for a world economy suffering its deepest recession since the Great Depression. Gross domestic product climbed 4.9 per cent in the third quarter from a year ago, according to data released on Monday (Oct 19). That’s lower than […]

SINGAPORE (THE BUSINESS TIMES) – Teho International independent director Kelvyn Oo, who is assisting with the Commercial Affairs Department’s (CAD) investigation involving another company, resigned on Friday (Oct 16). Mr Oo, 49, quit due to a “change of personal focus to spend more time on community work and professional career development”, said Catalist-listed Teho in […]

HONG KONG (BLOOMBERG) – Jack Ma’s Ant Group won a key approval from the China Securities Regulatory Commission for its listing in Hong Kong, paving the way for what could be the world’s biggest initial public offering, according to people familiar with the matter. The Chinese regulator has given Ant a green light to seek […]

SINGAPORE (THE BUSINESS TIMES) – Singapore Post (SingPost) is looking to buy a 38 per cent stake in Freight Management Holdings (FMH), a fourth-party logistics (4PL) service company incorporated in Victoria, Australia for A$85 million (S$84.1 million) in cash. SingPost’s wholly-owned subsidiary SingPost Logistics Holdings entered into a conditional sale and purchase agreement on Oct […]

You probably think that the most important person in a restaurant is the chef. After all, a good one can make excellent dishes that will attract hordes of hungry diners. But it seems not all chefs are equal – some of those in dim sum restaurants in China have become the first batch of workers […]

It’s no surprise many of us are stressed given the way the pandemic has put jobs at risk and forced people to drastically change where and how they work, but there are ways to cope. Acknowledge that you are stressed and then take steps to look after your well-being. Here are five tips: Please subscribe […]

As if working mothers did not have enough to worry about, experts are sounding the alarm that progress towards gender equality may be the latest in a long list of casualties of the coronavirus pandemic. Substantial research has shown that most professional gender gaps are motherhood gaps; women without children are much closer to parity […]

An accountant was so afraid that he would be retrenched amid the Covid-19 pandemic that he could not concentrate at work, his productivity plummeted and he began to suffer from anxiety and insomnia. The sole breadwinner was worried about having to pay the mortgage while supporting two young children and his pregnant wife, who eventually […]

You probably think that the most important person in a restaurant is the chef. After all, a good one can make excellent dishes that will attract hordes of hungry diners. But it seems not all chefs are equal – some of those in dim sum restaurants in China have become the first batch of workers […]

Local shares rebounded yesterday to end a choppy week in the black as investors reacted positively to the country’s non-oil domestic exports (Nodx) figures in September. The benchmark Straits Times Index (STI) climbed 0.37 per cent or 9.4 points to close at 2,533.02 with gainers outpacing losers 246 to 177 on trade of 1.07 billion […]

New Silkroutes Group chairman Goh Jin Hian and finance director William Teo Thiam Chuan have quit amid Commercial Affairs Department (CAD) investigations. Dr Goh quit “to devote more time to his personal affairs”, while Mr Tan stepped down “to focus on personal matters and to pursue other interests”, the healthcare firm said late on Thursday […]