FRANKFURT • German sportswear company Adidas plans to sell its Reebok division, Germany’s Manager Magazin has reported, as the group seeks to put an end to its ill-fated investment in the US-focused brand. Adidas chief executive Kasper Rorsted plans to complete the sale by March next year, the magazine said, without citing where it obtained […]

The Court of Appeal yesterday gave the green light for Singaporean heroin trafficker Syed Suhail Syed Zin, 44, to argue his case that death-row inmates are not being treated equally in the scheduling of executions. Suhail is seeking a judicial review of the Singapore Prison Service’s (SPS) decision to carry out his death sentence before […]

Goldman Sachs Singapore will pay US$122 million (S$165 million) to the Singapore Government for its role in the 1Malaysia Development Berhad (1MDB) bond offerings corruption scandal. The penalty is believed to be the largest imposed on a financial institution here, and will be paid by Goldman’s local unit to the Singapore Government’s Consolidated Fund. The […]

The National University of Singapore (NUS) has said that it delayed filing a police report against former Tembusu College fellow Jeremy Fernando to take into account the welfare of the students involved. Dr Fernando was sacked on Oct 7 following allegations of sexual misconduct made against him by two students. NUS said on Wednesday it […]

The Deepavali festivities this year include a trishaw ride for visitors to experience the sights and sounds of Little India, while admiring the colourful light-up. Every Friday till Nov 13, trishaws will make a round-trip journey from the Indian Heritage Centre in Campbell Lane, and pass landmarks such as the Abdul Gafoor Mosque in Dunlop […]

A fire in a Bukit Batok flat last year that led to the death of the home owner was caused by a personal mobility device (PMD) that overheated as it was being charged, the coroner’s court heard yesterday. The Straits Times had earlier reported that private-hire driver Goh Keng Soon, 40, was unconscious when he […]

HONG KONG (BLOOMBERG) – When she ran a company that sold American clothing labels in China, textile heiress Veronica Chou was a globe-trotting executive who made headlines for her socialite lifestyle and lavish 2012 wedding in Hong Kong. Now, she’s trying to clean up the fashion industry. A member of the US$2.7 billion (S$3.7 billion) […]

NEW YORK (BLOOMBERG) – PayPal Holdings is exploring acquisitions of cryptocurrency companies including Bitcoin custodian BitGo, according to people familiar with the matter, a move that would expand its embrace of digital coins. PayPal has been holding talks with BitGo, a company that helps investors store Bitcoin securely, and could reach a deal within weeks, […]

SINGAPORE (THE BUSINESS TIMES) – Rents of retail space in Singapore’s central region dropped 4.5 per cent from the previous three months in the third quarter of 2020, after declining 3.5 per cent in the previous quarter. However, the latest data released by the Urban Redevelopment Authority (URA) on Friday (Oct 23) also showed that […]

SINGAPORE – Private home prices in Singapore rose 0.8 per cent in the third quarter from the previous three months, defying a Covid-19 recession, according to final data from the Urban Redevelopment Authority (URA) on Friday (Oct 23). The 0.8 per cent gain in the third quarter of 2020 was unchanged from URA’s flash estimate […]

FRANKFURT (REUTERS) – German sportswear company Adidas is planning to sell its Reebok division, Germany’s manager magazin reported on Thursday (Oct 22), as the group seeks to put an end to its ill-fated investment in the US-focused brand. Adidas chief executive Kasper Rorsted plans to complete the sale by March 2021, the magazine said, without […]

When Ms Jenny Tan, 21, enrolled in the University of Newcastle at PSB Academy (PSBA) in August, she was the third person in her family to do so. Her father, Mr Sunny Tan, 54, completed a part-time degree in environmental and occupational health and safety at the same university eight years earlier. Her brother, Jeffrey, […]

Companies here will receive greater support in implementing workplace learning with the launch of a new road map that aims to ensure the continued relevance of mid-career workers. As part of the effort to develop the training and adult education (TAE) sector, the Singapore University of Social Sciences’ Institute for Adult Learning (IAL) launched a […]

Singapore’s 15-year-olds claimed the top spot in an international test that assessed their capacity to understand and act on intercultural and global issues. The Organisation for Economic Cooperation and Development (OECD), which conducted the test as part of the Programme for International Student Assessment (Pisa) study in 2018, announced the findings yesterday. In what was […]

A running coach duped nearly 40 people of more than $100,000, selling them false tour packages for overseas marathon trips or non-existent Garmin watches. Tan Swee Tiong, 48, also known as Lexxus Tan, is the founder of popular running club F1 Runners and had cheated club members to feed his gambling addiction. Yesterday, he was […]

Businesses in Singapore have seen a significant increase in cyber security challenges as more people work from home amid the Covid-19 pandemic, a survey commissioned by American tech giant Cisco has revealed. Of the nearly 3,200 companies from 21 countries polled in the survey from June 16 to Sept 4, Singapore made the largest shift […]

SINGAPORE – Singapore should guard itself against nativist tendencies that can harm its potential to boost economic growth and the prosperity of its people, said Mr S. Iswaran, Minister for Communications and Information and Minister-in-charge of Trade Relations. He said in spite of the coronavirus-induced recession, the Republic should continue to persevere with its strategy […]

LONDON (REUTERS) – Over half the small and medium-sized companies which together provide jobs for two-thirds of European workers fear for their survival in the coming 12 months, according to a survey released by management consultancy McKinsey on Thursday (Oct 22). The survey was conducted in August, before the current acceleration in new coronavirus cases […]

TOKYO (BLOOMBERG) – Ripple Labs has formed a shortlist of countries to move to should the blockchain payment services company leave the US amid a lack of regulatory clarity there, its top executive said. Japan, Singapore, Switzerland, the UK and the United Arab Emirates are potential destinations, chief executive officer Brad Garlinghouse said in an […]

HONG KONG (BLOOMBERG) – Alibaba Group Holding has agreed to subscribe to more than a fifth of Ant Group’s imminent initial public offering, propping up its part-owned fintech giant’s potentially US$35 billion (S$48 billion) debut. Asia’s largest corporation will buy 730 million of about 1.67 billion Shanghai-listed A shares as part of a placement to […]