Leadership

Singapore flags corporate service providers, real estate among non-bank money laundering risks
Singapore flags corporate service providers, real estate among non-bank money laundering risks
June 20, 2024
CORPORATE service providers, real estate, casinos as well as precious stones and metals are among the non-banking sectors that pose higher money laundering risks to Singapore, indicated the updated...
SoftBank’s Masayoshi Son is ready for next big bet after hiatus
SoftBank’s Masayoshi Son is ready for next big bet after hiatus
June 20, 2024
SOFTBANK Group founder Masayoshi Son declared he’s ready to swing for the fences when he makes his next big tech bet, suggesting the Japanese conglomerate is on the cusp...
Frasers Hospitality debuts in Taiwan with over 200-key Taipei serviced apartment
Frasers Hospitality debuts in Taiwan with over 200-key Taipei serviced apartment
June 20, 2024
FRASERS Hospitality, a strategic business unit of Frasers Property, announced on Thursday (Jun 20) its entrance into Taiwan with its premium serviced apartment, in partnership with Taiwanese real estate...
Forwards become Malaysia’s favoured tool for boosting the ringgit
Forwards become Malaysia’s favoured tool for boosting the ringgit
June 20, 2024
MALAYSIA’S central bank has been increasingly using currency forwards to support the ringgit, easing pressure on its foreign-exchange reserves.Bank Negara Malaysia’s net forward FX position widened to negative US$27.7...
Gold edges higher as weak US data lifts Fed rate-cut bets
Gold edges higher as weak US data lifts Fed rate-cut bets
June 20, 2024
GOLD prices edged higher on Thursday (Jun 20) as lacklustre US economic activity fuelled expectations that the Federal Reserve would cut interest rates this year.Spot gold was up 0.2...
Former hedge fund trader builds US5 million burrito fortune
Former hedge fund trader builds US$135 million burrito fortune
June 20, 2024
WHEN Steven Marks moved to Australia in the early 2000s, he was struck by the quality of Mexican food. It was, in his opinion, dismal. The Long Island native,...
Citi sees AI displacing more finance jobs than any other sector
Citi sees AI displacing more finance jobs than any other sector
June 19, 2024
CITIGROUP said artificial intelligence (AI) is likely to displace more jobs across the banking industry than in any other sector as the technology is poised to upend consumer finance...
Europe: Shares lose ground on real estate, tech losses
Europe: Shares lose ground on real estate, tech losses
June 19, 2024
EUROPEAN shares ended lower on Wednesday (Jun 19), pressured by losses in real estate and technology stocks, while UK stocks were buoyed by metal miners as investors digested its...
Japan’s stock market revival could hold lessons for Singapore despite fundamental differences
Japan’s stock market revival could hold lessons for Singapore despite fundamental differences
June 19, 2024
SINGAPORE’S stock market has been languishing in recent years amid low liquidity and a dearth of new listings. This is in stark contrast to Japan’s public market, for example, where...
KitKat maker sees chocolate demand ebbing as cocoa costs creep in
KitKat maker sees chocolate demand ebbing as cocoa costs creep in
June 19, 2024
CONSUMERS will probably cut back on chocolate as this year’s historic cocoa rally gradually trickles down to manufacturers and forces them to raise prices, a Nestle executive warned. Cocoa futures...