Leadership
Hongkong Land sinks into red with full-year loss of US$582 million
PROPERTY developer Hongkong Land fell into the red for the financial year ended Dec 31, 2023, posting a full-year loss of US$582.3 million, from a US$202.7 million profit the...
US dollar slips vs euro as ECB keeps rates steady
THE US dollar fell against the euro on Thursday (Mar 7) after the ECB kept rates steady even as it acknowledged cooling inflation, and the US currency extended its...
As Big Tech scrambles to meet EU rules, investigations seen as likely
GOOGLE, Apple, Amazon, Microsoft, Meta and TikTok owner ByteDance have scrambled over the last six months to comply with landmark EU tech rules that come into force on Thursday...
Global banking watchdog to crack down on ‘window dressing’ by big lenders
GLOBAL banking regulators set out potential measures on Thursday (Mar 7) to crack down on “unacceptable” attempts by the world’s biggest banks to game rules in a bid to...
Singapore stocks fall amid cautious sentiment; STI down 0.1%
THE Straits Times Index (STI) slipped 0.1 per cent or 2.36 points to 3,133.78 on Thursday (Mar 7) amid cautious sentiment ahead of the US nonfarm payroll statistics. Across...
Hong Kong stock exchange poised to name Carlson Tong as new chair: sources
HONG Kong Exchanges and Clearing (HKEX) is set to name Carlson Tong its new chairman, sources with direct knowledge of the matter said, the most senior management change at...
Scoot looks to raise top line to tackle cost pressures
CONSTRAINED by the extent of cost reductions, Singapore Airlines’ (SIA) budget arm Scoot strives to raise revenue from seats sold and add-on offerings to mitigate the impact on its...
Sias urges Great Eastern to address minority investors’ concerns instead of dismissing them on legal technicality
THE Securities Investors Association (Singapore) or Sias has urged the board of Great Eastern to “seriously and objectively consider the true purpose of the shareholders’ requests”, instead of avoiding...
