Leadership
STI ends up 1.5%; banks, Yangzijiang Shipbuilding lead gains
SINGAPORE shares ended higher on Wednesday (Jan 8), led by gains in the local banks and Yangzijiang Shipbuilding. The Straits Times Index (STI) expanded 1.5 per cent or 58.81...
Samsung Q4 profit outlook misses estimates by large margin as chip issues drag
SAMSUNG Electronics released on Wednesday a fourth-quarter operating profit estimate that missed analyst estimates by a large margin, as it lagged behind rival SK Hynix in supplying high-end chips...
Singapore engages Australia to study social media age limits
SINGAPORE’S government is open to instituting minimum-age laws for social media use and is in talks with counterparts in Australia over the matter, an official said on Tuesday (Jan...
Companies should do away with having an executive chairman
The individual might get too involved in the group’s operations, and the staff could be torn between potentially competing centres of powerAMID an uncertain economic backdrop, many companies are...
Tencent SDRs fall nearly 7% after US designates tech giant as ‘Chinese military’ firm
TENCENT’S Singapore-listed shares, or Singapore Depository Receipts (SDRs), fell nearly 7 per cent on Tuesday (Jan 7) morning after the US categorised it as a “Chinese military” company.The US...
DBS upgrades PropNex to a buy rating, lifts target price on expected ‘rebound’ in property market
DBS Group Research on Monday (Jan 6) upgraded its call for real estate agency PropNex to “buy” and raised its target price on the counter by 21.1 per cent...
Toyota aims to open its futuristic city in Japan this year
TOYOTA Motor plans to move in the first 100 residents of a futuristic city at the base of Mount Fuji in Japan by as soon as this fall.The initial...
The unravelling of Hin Leong and OK Lim’s fall from grace
ONCE a giant in Singapore’s oil trading industry, the collapse of Hin Leong Trading (HLT) exposed a web of fraud, forgery and financial mismanagement. Founder Lim Oon Kuin –...
