Lifestyle

Only woman in Singapore money laundering case sentenced to 15 months’ jail
Only woman in Singapore money laundering case sentenced to 15 months’ jail
May 30, 2024
LIN Baoying, 44, the only woman among the 10 foreigners nabbed in last year’s billion-dollar money laundering bust, was handed a jail term of 15 months on Thursday (May...
STI stays afloat in Asia’s sea of red; closes flat
STI stays afloat in Asia’s sea of red; closes flat
May 30, 2024
THE Straits Times Index (STI) ended Thursday (May 30) at 3,323.38, roughly unchanged from the previous day. Advancers were slightly behind decliners, at 271 to 288, and S$1.14 billion...
Swiss watch exports post surprise jump after US revival
Swiss watch exports post surprise jump after US revival
May 30, 2024
MONTHLY Swiss watch exports posted a surprise gain in April as a revival in demand for premium and luxury timepieces in the US and Japan offset continued weakness from...
Brookfield to buy out Temasek-backed Neoen in 6.1 billion euro deal
Brookfield to buy out Temasek-backed Neoen in 6.1 billion euro deal
May 30, 2024
BROOKFIELD Asset Management has proposed to purchase a remaining 53.32 per cent stake in Neoen for 39.85 euros (S$58.19) per share.Neoen is a renewable energy developer headquartered in Paris...
Brookfield to buy out Temasek-backed Neoen in 6.1 billion euro deal
Brookfield, Temasek to buy out France’s Neoen in 6.1 billion euro deal
May 30, 2024
BROOKFIELD Asset Management, together with its institutional partners Brookfield Renewable and Temasek, have proposed to purchase a remaining 53.32 per cent stake in Neoen for 39.85 euros per share.Neoen...
Asia’s largest reit calls for Hong Kong to resume multi-entry visas from Shenzhen
Asia’s largest reit calls for Hong Kong to resume multi-entry visas from Shenzhen
May 30, 2024
ASIA’S largest commercial real estate investment trust said Hong Kong authorities should resume issuing multi-entry permits for Shenzhen visitors to boost retail spending. While Hong Kong residents have been...
Temasek backs Marketnode in Series A funding
Temasek backs Marketnode in Series A funding
May 30, 2024
IN A Series A funding round, Temasek backed digital market infrastructure operator Marketnode, which aims to develop a multi-asset ecosystem, starting in Asia-Pacific.The round’s successful first close was led...
China weighs record fine for PwC over Evergrande auditing work
China weighs record fine for PwC over Evergrande auditing work
May 30, 2024
CHINA is poised to impose a record fine on PricewaterhouseCoopers (PwC) and suspend some of the global auditor’s local operations over its role in one of the nation’s biggest...
Ex-minister Lim Hwee Hua appointed as chair of IVSC board of trustees
Ex-minister Lim Hwee Hua appointed as chair of IVSC board of trustees
May 30, 2024
The International Valuation Standards Council (IVSC) has named Lim Hwee Hua as chair of the IVSC board of trustees, succeeding former UK chancellor of the exchequer Alistair Darling. The...
South-east Asia’s growth-dominated PE industry needs stronger IPO markets: Bain
South-east Asia’s growth-dominated PE industry needs stronger IPO markets: Bain
May 30, 2024
SOUTH-EAST Asia’s private equity (PE) industry is holding its head above water, but needs stronger stock markets to support exits via initial public offerings (IPOs). That is the verdict...