Real Estate
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...
Malaysia ringgit undervalued, should be trading higher, says central bank governor
MALAYSIA’S central bank on Tuesday (Feb 27) said that the ringgit, which briefly hit a 26-year-low last week, is undervalued and should be trading higher on account of the...
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...
StanChart suspends new investments from clients via China’s outbound channel
STANDARD Chartered has suspended new investments by its clients in China into offshore products via a quota-based channel, the bank said, amid a surge in demand for overseas investments...
China Everbright’s profit for FY2023 rise 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...
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...
Malaysia companies brace for costly fallout as ringgit hits 26-year low
MALAYSIAN businesses are paying a high price for their country’s weak currency that is making importing material and servicing foreign debt more costly. With the ringgit hitting a 26-year...
PepsiCo, IBM sell bonds through Singapore to reap tax benefit
A POTENTIAL tax benefit is spurring United States companies including PepsiCo and International Business Machines (IBM) to sell bonds through their Singapore subsidiaries, fuelling a record surge of sales...
