Lifestyle
Alibaba’s South Asian e-commerce giant Daraz announces layoffs in memo
ALIBABA-owned e-commerce platform Daraz Group has announced layoffs across the group to “adopt a more streamlined and agile structure”, acting chief executive officer James Dong said on Tuesday (Feb...
Malaysian ringgit undervalued, central bank says
MALAYSIA’S central bank on Tuesday (Feb 27) said the ringgit currency, which briefly hit a 26-year-low last week, is undervalued and should be trading higher on account of the...
China Everbright Water’s FY2023 profit rises 17% to HK$1.2 billion
CHINA Everbright Water’s net profit for the full year ended Dec 31, 2023, was up 17 per cent to HK$1.2 billion (S$206.2 million), as compared to HK$1 billion in...
China’s Zhida weighing HK$1 billion Hong Kong IPO this year
SHANGHAI Zhida Technology Development, a maker of electric-vehicle (EV) charging systems, is considering an initial public offering (IPO) in Hong Kong that could raise about HK$1 billion (S$172 million),...
Xi crackdown on ‘hedonistic’ bankers fuels industry brain drain
HER annual bonus was slashed by 60 per cent and her salary was frozen. Family expenses are on the rise with two kids in school. After a rough 2023,...
US Reit unitholders urged to submit tax forms on time to help trusts preserve cash
UNITHOLDERS of real estate investment trusts (Reits) whose primary investment is US assets should submit the US withholding tax documents promptly to protect their interests. If a unitholder fails...
Goldman, Morgan Stanley are backstopping riskiest slices of CLOs
GOLDMAN Sachs Group and Morgan Stanley are increasingly willing to temporarily hold onto some of the riskiest parts of new collateralized loan obligations (CLOs), in a bid to win...
Stocks to watch: Haw Par, Ho Bee Land, Bumitama Agri, Straits Trading, Gallant Venture
THE following companies saw new developments that may affect trading of their securities on Tuesday (Feb 27): Haw Par: The mainboard-listed group’s net profit rose 58.1 per cent for...
