Posts by Stephanie Irvin
EU warns Shein of fines in consumer protection probe
Shein could also be the target of EU regulatory demands under the EU’s Digital Services Act Published Mon, May 26, 2025 · 11:40 PM [BRUSSELS] The European Union on Monday (May 26) urged fast-fashion retailer Shein to respect EU consumer protection laws and warned it could face fines if it failed to address the EU’s…
Read MoreTampines Changkat MP Desmond Choo resigns from SBS Transit’s board after Cabinet appointment
[SINGAPORE] Member of Parliament for Tampines Changkat single-member constituency (SMC) Desmond Choo resigned from the board of SBS Transit on Monday (May 26). This follows his appointment as Minister of State for Defence last Friday. He had been an MP for Tampines GRC on the People’s Action Party ticket since the 2015 general election. He…
Read MoreHKBN CEO says China Mobile’s HK$7.8 billion offer not good enough, open to more bidders
[HONG KONG] China Mobile’s HK$7.8 billion (S$1.3 billion) takeover offer for broadband operator HKBN is not good enough and the Hong Kong-based company is open to engage with more bidders to get the best value for shareholders, its CEO said on Monday (May 26). State-owned China Mobile made an offer for HKBN at HK$5.23 a…
Read MoreChina raises cross-border renminbi use requirement for major banks
The sharp increase highlights Beijing’s determination to accelerate the use of the renminbi in global trade Published Mon, May 26, 2025 · 07:21 PM [BEIJING] China’s central bank asked its major lenders to raise the share of renminbi when facilitating cross-border trade, in its latest push for the use of the currency as the world…
Read MoreChinese food delivery giant Meituan net profit up 46.2% in first quarter
The company controls nearly 70% of China’s delivery market, but rising competition could drive up costs and squeeze margins, analysts say Published Mon, May 26, 2025 · 05:36 PM [SHANGHAI] China’s leading food delivery group Meituan on Monday (May 26) reported net profit for the first quarter of 10.9 billion yuan (S$1.9 billion), up 46.2…
Read MoreHong Leong Bank forms private banking alliance with Lombard Odier
[SINGAPORE] Bursa-listed Hong Leong Bank (HLB) – a subsidiary of Malaysian tycoon Quek Leng Chan’s Hong Leong Financial Group (HLFG) – on Monday (May 26) announced it has formed a strategic alliance with Swiss private bank Lombard Odier. Quek is chairman of both HLFG and HLB, which are part of Malaysia’s Hong Leong Group…
Read MoreCenturion seen as small-cap ‘jewel’ amid demand for dormitory spaces, potential Reit listing
[SINGAPORE] With demand for foreign workers continuing to outpace the supply of dormitory spaces, Centurion Corporation is ramping up capacity and exploring asset monetisation, making it a small-cap property play to watch. This is according to RHB Bank Singapore, which highlighted Centurion as one of its top stock picks for 2025 among companies with small…
Read MoreMalaysia’s Petronas aims for China, Vietnam expansion while seeking long-term LNG supply
[BEIJING] Malaysia’s Petroliam Nasional, or Petronas, aims to expand its liquefied natural gas (LNG) sales into markets such as China and Vietnam while also looking to secure more long-term supply from North America and emerging markets, said a company executive. “As part of our strategic growth plans, Petronas is actively seeking to expand our LNG…
Read MoreChina’s ambassador warns Australia over Port of Darwin lease
The decision to lease the port to Landbridge has been criticised in the decade since the deal was announced, including by former US president Barack Obama Published Mon, May 26, 2025 · 01:34 PM [CANBERRA] China’s ambassador to Australia has warned Canberra to be careful in its handling of the lease of a strategically important…
Read MoreFrance, Vietnam sign Airbus, defence deals as Macron visits Hanoi
[HANOI] France and Vietnam signed a deal on Monday (May 26) for 20 Airbus planes, as well as defence and space pacts, as President Emmanuel Macron visited Hanoi seeking to boost France’s influence in its former colony, grappling with threats of crippling US tariffs. Macron’s first formal visit to Vietnam, the first by a French…
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