Leadership
Cordlife director Zhai Lingyun arrested in connection with potential breaches of disclosure obligations
The board is in the process of identifying additional independent directors who can guide the management on effectively rectifying the company’s lapsesANOTHER Cordlife director has been arrested in relation...
CapitaLand India Trust posts 8.3% rise in H1 DPU to 3.64 cents
CAPITALAND India Trust (Clint) saw an 8.3 per cent increase in distributions per unit to 3.64 Singapore cents for the half year ended Jun 30, thanks to growing rental...
Reits gain as investors cheer US inflation report; STI up 0.5%
SINGAPORE stocks ended Monday (Jul 29) in positive territory, as investors took stock of a robust US inflation print. The benchmark Straits Times Index (STI) climbed 0.5 per cent...
China to stop publishing daily global stock flows in mid-August
CHINA is taking a further step to obscure information about overseas funds going into and out of its sagging stock market by saying it will stop publishing daily flows...
China first half gold consumption falls more than 5% as high prices dent jewellery appeal
CHINA’S gold consumption in the first half of 2024 fell by 5.61 per cent from the same year-ago period, data from the Gold Association showed on Sunday (Jul 28),...
China investors pile into Saudi ETFs as two nations grow closer
CHINESE investors are pouring money into two new exchange-traded funds (ETFs) tracking Saudi Arabian shares as the dismal performance of local equities supercharges demand for overseas assets.The Saudi-focused ETFs...
Splurging by the wealthy is polarising Japan’s retail stocks
JAPANESE department store operators are benefiting from increased spending by wealthier shoppers despite the inflationary environment, in contrast to lower-end retailers which are underperforming as people become pickier in...
South Korea to support vendors hit by Qoo10 payment delays, Singapore-based founder pledges compensation
South Korea will provide US$400 million in financial support to small businesses hit by payment delays on two Qoo10 e-commerce platforms, and the Singapore-based firm’s founder pledged to use...
Raffles Medical H1 earnings slide 48.8% to S$30.6 million as Covid-19 activities, government grants cease
MAINBOARD-LISTED Raffles Medical Group on Monday (Jul 29) reported a net profit of S$30.6 million for the first half ended Jun 30, declining 48.8 per cent from S$59.9 million...
Raffles Medical H1 earnings slide 48.8% to S$30.6 million; chairman says insurance must not become ‘arms war’ between companies
If insurance companies continue trying to outdo each other, the risk pool could become untenable, says the group’s executive chair Loo Choon YongMAINBOARD-LISTED Raffles Medical Group on Monday (Jul...