Posts by Stephanie Irvin
Singapore Institute of Advanced Medicine says ‘no assurance’ it can turn profitable or sustain it
Troubled healthcare provider Singapore Institute of Advanced Medicine (SIAMH) said on Thursday (Dec 26) that it’s not guaranteed the company can generate “significant” revenue and profitability. “There is no assurance that the group will be able to expand its business and secure sufficient patients to generate significant revenue and profitability or, if attained, there is…
Read MoreBillionaire brothers turn US$12,000 loan into empire of cheap toys
AT 18, Nick Mowbray dropped out of college in his native New Zealand and moved to China with his older brother, Mat. The pair spoke no Chinese, had few contacts and little business experience. But they had an idea: open a factory near Guangzhou, a fast-growing port city in the country’s south, where they would…
Read MoreUOB’s Lawrence Goh joins Nets’ board of directors
He has over three decades of international experience in spearheading large-scale transformations for businesses NETWORK for Electronic Transfers (Nets) has appointed Lawrence Goh, UOB’s head of group technology and operations (GTO), to its board of directors effective Dec 23, 2024. Goh succeeded UOB Vietnam’s senior advisor Eddie Khoo as UOB’s representative to Nets’ board. Khoo…
Read MoreKKR and Bain each bid more than US$5 billion for Seven & i assets: sources
PRIVATE equity firms KKR and Bain Capital each offered more than US$5 billion in first-round bids for the non-core assets of Japan’s Seven & i Holdings, according to sources familiar with the matter. KKR offered around 800 billion yen (S$6.9 billion) for York Holdings, an entity due to be spun out of the Japanese retailer,…
Read MoreUber disappointed as Taiwan rejects deal for Delivery Hero unit
Uber Technologies said it remained committed to Taiwan after the island’s antitrust regulator rejected its plan to buy Delivery Hero’s foodpanda business on the island for US$950 million. Uber said in a statement that it’s disappointed by the decision, but will continue to invest in Taiwan as one of the world’s fastest-growing food-delivery markets. It…
Read MoreBank of Japan expects further progress in hitting 2 per cent inflation target in 2025
THE Bank of Japan (BOJ) expects the economy to move closer to sustainably achieving the central bank’s 2 per cent inflation target next year, governor Kazuo Ueda said on Wednesday (Dec 25), suggesting the timing of its next interest rate increase was nearing. But he warned of the need to scrutinise the fallout from “high…
Read MoreRichest Members of Congress 2024
Ever wonder how much money some of those folks in Congress actually have? It’s a lot, trust me. We’re diving into the world of the richest members of Congress in 2024. From investments to real estate, these political leaders have some pretty impressive bank accounts. Let’s take a look at how they’ve built their wealth…
Read MoreCar Buying: 15 Negotiation Secrets
Buying a car can feel like a game where everyone else knows the rules except you. It’s easy to get overwhelmed with all the choices and decisions. From picking the right car to making sure you don’t pay more than you should, there’s a lot to think about. One big tip? Keep your budget to…
Read MoreSingPost’s proposed A$1b sale of Australian business ‘on track’, says buyer Pacific Equity Partners
THE proposed divestment by Singapore Post (SingPost) of its Australian logistics business is not affected by SingPost’s recent firing of its three senior executives, the buyer Pacific Equity Partners (PEP) told The Business Times on Tuesday (Dec 24). The question of whether the transaction could be scuppered by the sacking that included group chief executive…
Read MoreComfortDelGro Zig platform fee to increase to S$0.50 from Jan 1
FROM Jan 1, 2025, the platform fee on ComfortDelGro’s app Zig will be adjusted by S$0.30 to S$0.50, the land transport giant announced on Tuesday (Dec 24). Therefore, the platform fee for rides booked through the Zig, DBS PayLah! and Kris+ apps will be adjusted to a range of S$1 to S$1.20, depending on the…
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