Leadership
Cordlife expects to be in the red for FY2024; ‘no assurance’ of profitability in FY2025
PRIVATE cord-blood bank Cordlife expects to post a loss for the 2024 fiscal year due to the financial fallout from lapses discovered in the storage of its cord-blood units...
Budget 2025: Tax incentives to beef up equities market could have ‘limited impact’, say industry experts
The government will introduce three tax incentives targeting corporate listings, fund manager listings and fund managers’ qualifying income arising from funds investing substantially in Singapore-listed equities.The moves are part...
Goldman hoists gold target to US$3,100 on central-bank demand
GOLDMAN Sachs Group raised its year-end gold target to US$3,100 an ounce on central-bank buying and inflows into bullion-backed exchange-traded funds, highlighting Wall Street’s enthusiasm for the metal.
Central-bank demand...
Your Business Website: 5 Mistakes That Cost You Customers
Your website is kinda like your business card for the internet. If it’s not working right, you’re probably losing customers, plain and simple. People don’t have the patience for...
Tourism bounce helps Thai banks trim bad loans from three-year high
NON-performing loans at Thailand’s commercial banks dropped from a three-year high as a post-pandemic tourism recovery boosted debt repayment ability of hotels, restaurants and other travel-related businesses.
Bad loans totalled...
DBS names successors of corporate and SME banking, operations group heads
SINGAPORE’S largest lender DBS named on Tuesday (Feb 18) its two picks for the group head of its corporate and SME banking unit, as well as its group head...
PEC receives privatisation proposal of S$0.64 per share and S$0.20 per share via special dividend
ALLIANCE Energy Services is proposing to take engineering company PEC private by way of a scheme of arrangement for S$0.64 per share in cash and S$0.20 per share through...
HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs: source
HSBC has laid off around 40 investment bankers in Hong Kong, according to a source with direct knowledge of the matter, as part of a global restructuring exercise at...
