Leadership

Weakness in ferrous metal prices expected to persist amid China’s property, economic recovery woes
Weakness in ferrous metal prices expected to persist amid China’s property, economic recovery woes
September 1, 2024
A sluggish Chinese economy has dampened the industrial metal markets, particularly the demand for iron and steelFERROUS metal prices are taking the hardest hit, analysts said, as concerns over...
‘Wrong instructions’ by EC World Reit sponsor CEO led to illegal mortgages, says legal counsel
‘Wrong instructions’ by EC World Reit sponsor CEO led to illegal mortgages, says legal counsel
September 1, 2024
THE chief executive officer of EC World Real Estate Investment Trust’s (Reit) sponsor gave wrong instructions to employees, and this led to the creation of unauthorised mortgages, investigations into...
China’s Sinochem plans to exit US shale JV with Exxon: sources
China’s Sinochem plans to exit US shale JV with Exxon: sources
August 30, 2024
CHINESE state-backed oil and chemicals company Sinochem is planning to sell its 40 per cent stake in a US shale joint venture (JV) with oil major ExxonMobil, valued upwards...
US: Wall Street opens higher after July inflation data
US: Wall Street opens higher after July inflation data
August 30, 2024
Wall Street’s main indexes opened higher on Friday (Aug 30) after a key inflation report reiterated price pressures were moderating, cementing bets for an interest-rate cut at the Federal...
Singtel raises S.48 million for students with special needs
Singtel raises S$1.48 million for students with special needs
August 30, 2024
SINGTEL, on Friday (Aug 30), raised S$1.48 million in its annual charity golf event to support students with special needs across six adopted special education (Sped) schools. This marks...
Country Garden delays 2023 annual results again
Country Garden delays 2023 annual results again
August 30, 2024
CHINA’S largest property developer Country Garden on Friday (Aug 30) further delayed the release of its 2023 financial results, as it needed more time amid an ongoing debt restructuring.The...
China’s top airlines post losses, hit by slow international travel and domestic oversupply
China’s top airlines post losses, hit by slow international travel and domestic oversupply
August 30, 2024
CHINA’S leading state-owned airlines posted losses in the first half of the year, weighed down by a slower-than-expected international travel rebound, domestic oversupply and more intense competition as aviation...
MHA seeks feedback on orders to restrict banking transactions of scam targets
MHA seeks feedback on orders to restrict banking transactions of scam targets
August 30, 2024
THE Ministry of Home Affairs (MHA) is seeking feedback from the public on a proposed Bill that will give police the power to temporarily restrict the banking transactions of...
Yuan hits strongest in more than a year as flows offset fundamentals
Yuan hits strongest in more than a year as flows offset fundamentals
August 30, 2024
THE Chinese currency extended a recent advance to levels unseen in more than a year, as traders mulled signs of corporate buying amid broad US dollar weakness.The offshore yuan...
DBS consumer banking head Jeremy Soo to succeed UOB’s Susan Hwee as Nets chair
DBS consumer banking head Jeremy Soo to succeed UOB’s Susan Hwee as Nets chair
August 30, 2024
NETWORK for Electronic Transers (Nets) has appointed Jeremy Soo, DBS’ head of consumer banking and managing director, as its chairman, effective Sunday (Sep 1).He succeeds UOB’s Susan Hwee, who...