Posts by Riah Marton
Resorts World Sentosa chairman and Genting Singapore CEO Tan Hee Teck retires
[SINGAPORE] Resorts World Sentosa (RWS) chairman and chief executive officer Tan Hee Teck will retire from his position on May 31. Tan, 69, is also stepping down as CEO of Genting Singapore, the group said in a bourse filing on Wednesday (May 14). “The board respects Mr Tan’s decision and would like to express their…
Read MoreSwiss court rules Credit Suisse bonus cuts were unlawful
The bonus measures affected around 1,000 people, some of whom challenged the decision with Switzerland’s Federal Administrative Court Published Wed, May 14, 2025 · 06:10 PM [ZURICH] A top Swiss court has ruled that the Swiss government’s reductions and cancellations of bonus payments to former executives of Credit Suisse after the bank failed in 2023…
Read MoreOld Navy x Disney Just Dropped a Limited-Edition Collection — Starting at $8.99
Our writers and editors independently determine what we cover and recommend. When you buy through our links, E! may earn a commission. Learn more. Old Navy and Disney have officially joined forces for a brand-new, limited-edition clothing collection designed for the whole family. Launching on May 14, the Old Navy x Disney collaboration features classic…
Read MoreABN Amro profit beats estimates on fees, bad loan provisions
Profit at the Amsterdam-headquartered bank came in at 619 million euros (S$902.8 million) for the three months through March Published Wed, May 14, 2025 · 05:07 PM [AMSTERDAM] ABN Amro Bank reported first-quarter profit that beat expectations after higher fees and lower-than-forecast provisions for souring loans helped offset the effect of declining interest rates. Profit…
Read MoreBurberry to cut 1,700 jobs in turnaround bid
[LONDON] Burberry Group plans to cut almost a fifth of its workforce as its new chief executive officer tries to turn around the British trench-coat maker, after its push into high fashion flopped amid slumping global demand for luxury goods. The London-based company plans an additional £60 million (S$103.9 million) of savings in the next…
Read MoreBYD tops Singapore vehicle sales so far this year, replacing Toyota
In the first four months of 2025, BYD sold 3,002 cars, or 20% of total vehicle sales in Singapore Published Wed, May 14, 2025 · 04:03 PM [SINGAPORE] China’s BYD became the most popular vehicle brand in Singapore so far this year, outselling Toyota for the first time, government data showed, as the fast-growing electric…
Read MoreChinese e-commerce sites offer discounts of up to 2,530 yuan on Apple’s latest iPhones
[BEIJING] Chinese e-commerce platforms are offering discounts of up to 2,530 yuan (S$457) on Apple’s latest iPhone 16 models, an effort to spur sales as first-quarter shipments by the US tech giant fell further in its second-largest market. The step comes as Chinese online retailers increasingly vie for cost-conscious consumers in a slowing economy, with…
Read MoreOCBC merges stockbroking businesses into global markets division
[SINGAPORE] OCBC will integrate its securities business, which is under its stockbroking subsidiaries, into its global markets division on Jul 1, 2025. This is a strategy of the bank to better leverage its securities capabilities to serve a wider spectrum of customer segments across the group, OCBC said in a statement on Wednesday (May 14).…
Read MoreCiting worsening macro conditions, Frasers Property renews bid to take Frasers Hospitality Trust private
[SINGAPORE] Frasers Property is proposing to privatise Frasers Hospitality Trust (FHT) at S$0.71 per stapled security, due to FHT’s inability to improve the distribution and growth of the trust in the face of macroeconomic headwinds. This is the second time in three years that Frasers Property has attempted to privatise the stapled group. It tried…
Read MoreCariflex expands capacity in S-E Asia with launch of world’s biggest polyisoprene latex plant in Singapore
[SINGAPORE] Synthetic rubber latex maker Cariflex has officially inaugurated its new plant in Singapore, furthering its supply-chain resilience and market penetration in South-east Asia. The region, which contributes over 75 per cent sales of Cariflex’s overall latex products, is a key growth market given its high concentration of natural rubber companies, which are potentially future…
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