Culture
Oil up 2%, settles at 3-week high as more sanctions loom on Russia, Iran
Oil prices climbed about 2 per cent on Friday (Dec 13) to settle at a three-week high, on expectations that additional sanctions on Russia and Iran could tighten supplies...
NRIC should not be treated as sensitive unique identifiers: MDDI
NATIONAL Registration Identity Card (NRIC) numbers should not be treated as sensitive, and instead be viewed as full names currently are, a Ministry of Digital Development and Information spokesperson...
Currencies drop as China disappointment rattles emerging markets
EMERGING-market currencies in Asia and the South African rand retreated as China’s policy makers appeared to disappoint investors expecting fiscal measures to boost the economic outlook.
The EM currency...
Stamford Tyres H1 profit tumbles 75% to S$401,000 on increased expenses
Revenue falls 1.2 per cent to S$94.5 million but other expenses shoot up 80.3 per cent to S$2.9 million TYRE and wheel distributor Stamford Tyres reported a 75.1 per cent...
Schroders seeks buyers for Indonesia unit with US$4 billion in assets: sources
SCHRODERS is looking to sell its Indonesian business, according to two sources with knowledge of the matter, as the UK-headquartered global asset manager weighs exiting some sub-scale markets under...
HSBC sent fintech Stenn into administration over fears about client list
HSBC Holdings triggered the shuttering of trade-finance firm Stenn Technologies after uncovering transactions that were supposed to be with key customers but were potentially bogus instead, people familiar with...
Vibrant Group reverses into black with S$3.3 million H1 profit
The logistics company booked a loss of S$3.2 million in the previous corresponding period LOGISTICS company Vibrant Group has posted a net profit of S$3.3 million for the half-year ended...
UOB names its corporate banking head Leong Yung Chee as new group CFO
UOB has appointed Leong Yung Chee, its current head of group corporate banking, as its next group chief financial officer (CFO), the bank said on Friday (Dec 13). He...
Panin Bank acquisition could add 2-3% to DBS or OCBC profit: RHB
Broker notes that a sale is attractive, given the scarcity of such deals and Jakarta-listed bank’s status as a mid-sized lender with total assets of S$19.4 billionA FULL takeover...
Global M&A deal value will hit ‘middling’ US$3.5 trillion by end-2024: Bain
THE global mergers and acquisitions (M&A) market is set to end the year with a “middling” overall deal value of US$3.5 trillion, indicated projections by Bain & Company. This figure...
