Leadership
Inside Wilmar’s graft probe: How a cooking oil crisis led to a multitrillion rupiah corruption scandal
[SINGAPORE] Indonesian authorities in May seized 11.8 trillion rupiah (S$928 million) from global palm oil company Wilmar as part of an ongoing corruption case involving allegations of bribery to...
Meta offered US$100 million bonuses to poach OpenAI employees: CEO Altman
[NEW YORK] Meta offered US$100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker’s talent and strengthen its own generative AI teams, the startup’s...
CEO’s wealth hits US$33 billion as unprofitable Chinese medicine firm’s stock soars
[NEW YORK] A blistering rally in a tiny, money-losing traditional Chinese medicine company’s stock has vaulted its founder’s net worth to among the world’s largest fortunes.
The firm, Hong Kong-based...
China’s rare earth exports slump in May as magnet sales curbed
The data for last month shows the extent to which export controls in place since early April had curbed shipmentsPublished Wed, Jun 18, 2025 · 03:29 PM[BEIJING] China’s exports...
China will hike quota for investors buying overseas assets
The move follows a period of relative calm in the value of the yuan against the US dollar, fuelled by growing questions about the greenback’s place in the global...
China car trade-in subsidy halted in some areas as funds run low
[HONG KONG] China’s trade-in subsidy to boost sales of electric and fuel-efficient vehicles has been suspended in key cities across at least six provinces as funds run short and...
Wilmar International down 4% after Jakarta’s seizure of 11.8 trillion rupiah from Wilmar Group in graft case
[SINGAPORE] The shares of Wilmar International fell on Wednesday (Jun 18) morning after the Indonesian authorities seized 11.8 trillion rupiah (S$928 million) from its parent company Wilmar Group in a...
Wilmar International down 4% after Indonesian authorities seize 11.8 trillion rupiah from Wilmar Group in graft case
[SINGAPORE] Shares of Wilmar International fell on Wednesday (Jun 18) morning after Indonesian authorities seized 11.8 trillion rupiah (S$928 million) from its parent company Wilmar Group in a palm-oil graft...
