SINGAPORE (Oct 3): StarHub is embarking on a strategic transformation review that will include laying off an estimated 300 of its full-time staff, primarily those in non customer-facing functions, with those affected to be notified by the end of this month.

In an aftermarket press state...

StarHub to lay off 300 employees as telco commences strategic review

SINGAPORE (Oct 2): Wheelock and Company will proceed to delist Wheelock Properties (Singapore) from the Singapore Exchange following the successful conclusion of its S$2.10 privatisation offer for the latter.

As at the close of voluntary unconditional general offer at 5.30pm on Tuesday,...

Parent company garners 90.1% stake in Wheelock Properties at close of offer; starts delisting process

SINGAPORE (Oct 2): For the first time since 2014, salary increases across 17 markets in Asia Pacific saw a mild 0.1% y-o-y rebound this year, according to the latest Salary budget Planning Survey Report (Q3) by Willis Towers Watson.  

In a press release on Tuesday, the global advis...

Challenges faced by Asia Pacific employers as salaries continue to grow

SINGAPORE (Oct 2): CapitaLand has, through its subsidiary CL Kingdom Investment (CKI), subscribed for a 50% stake in The Work Project Kingdom (TWPK) for S$13.5 million, with the intention of extending shareholder loans through CKI to TWPK.

TWPK owns the intellectual property rights to t...

CapitaLand invests S$27m in co-working operator for new 'office of the future' strategy

SINGAPORE (Sept 28): Singapore’s housing market remains fairly valued even after inflation-adjusted prices have risen 9% over the past year, following six years of correction.

According to a recent report by UBS, housing prices in the city state are currently 5% below their 2011 peak, w...

Speculative buying, housing price growth in S'pore to decline by year-end: UBS

SINGAPORE (Sept 26): Cryptomining malware is a rising factor on the cyber threat landscape, continuing its uptrend throughout the first half of 2018 since McAfee Labs first identified a surge in cryptomining malware growth in 4Q17.

Based on the cybersecurity company’s latest report, McA...

As cryptomining activity grows, so do the malware threats: McAfee Labs

SINGAPORE (Sept 25): Singapore has risen 30 places over the last quarter-century to rank 13th among its global peers investing in education and healthcare in 2016, improving majorly from its 1990 ranking of 43rd.

This is according to the first internationally-comparable index of human c...

Singapore ranks 13th globally for investments in education & health care, ahead of Japan

SINGAPORE (Sept 21): Risk professionals are essential for building trust and confidence when implementing emerging technology and digital transformation projects, suggests the findings of a recent EY poll.

Out of the 1,200 participants who attended the recent webcast entitled How ca...

Risk management integration & disruption crucial to digital transformation projects: EY poll

SINGAPORE (Sept 21): Cennerv Pharmaceuticals on Wednesday lodged its preliminary prospectus ahead of its planned initial public offering (IPO) on the SGX Catalist board.

Cennerv is a Singapore-based pharmaceutical developer specialising in treatments for central nervous system (CNS) dis...

Cennerv lodges prelim offer documents for Catalist listing, to acquire US subsidiary with proceeds

SINGAPORE (Sept 21): Eight Roads, the investment arm of Fidelity International Limited (FIL), has expanded its global network to Southeast Asia with the recent opening of its new office in Singapore.  

Raj Dugar, managing partner, Asia, will relocate from India to Singapore to lead...

Eight Roads expands to Southeast Asia with new Singapore office

PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.

No specific names discussed for Sabah PKR State Leadership Council head, says Fahmi

Efforts to reform the Bretton Woods institutions – the International Monetary Fund and the World Bank – are progressing, albeit slowly. In December, the IMF Board of Governors approved a 50% increase in member quotas, which will reduce its reliance on borrowed resources, and the World Bank has re...

The Frontiers Of Growth : How to Govern the Bretton Woods Institutions Better

A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

Bitcoin ‘halving’ cuts supply of new tokens in threat to miners

A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.

Philippines wants US, Japan to take over rail deal eyed by China

The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.

World Bank wins US$11b in pledges to boost lending for climate, global crises

Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.

IMF concerned about debt, fiscal challenges facing low-income countries

The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.

Ringgit likely to trade around 4.78 versus greenback next week

Attention this week will be on the March inflation rate, with the Department of Statistics Malaysia (DOSM) slated to put out Consumer Price Index (CPI) — the key gauge for inflation — data on Thursday.

Inflation edged up by a higher-than-expected 1.8% i...

The Week Ahead: Eyes on March inflation, US 1Q GDP and tech earnings

Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's (Fed) latest survey of US central bank contacts, with geopolitical troubles and the 2024 US presidential election also mentioned as "a potentially significant source of shocks".

Fed survey cites inflation, US election as key financial stability risks

Former inspector general of police Tun Mohammed Hanif Omar died at 2.15am on Saturday. He was 85.

Former IGP Tun Hanif Omar passes away

KUALA LUMPUR (April 19): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:

Shares of Sapura Energy Bhd have been suspended from trading, pending a material announcement. The suspension took effect from 2.30pm onwa...

Sapura Energy, PIE Industrial, LSH Capital, YX, Westports, Yinson, Sime Darby Property, MISC, Meta Bright, EG Industries, Hextar, Uzma, Nova MSC and Iconic Worldwide

Former inspector general of police Tun Mohammed Hanif Omar died at 2.15am on Saturday. He was 85.

The long-awaited Energy Exchange Malaysia (Enegem) has finally been introduced, along with guidelines on cross-border electricity sales announced by the Ministry of Energy Transition and Water Transformation (Petra) last Monday for exports of green electricity from Malaysia to Singapore and Thailand.

Enegem: Malaysia edges closer to RE exports

All travellers entering or leaving Singapore carrying Physical Currency and Bearer Negotiable Instruments (CBNI) that are valued more than S$20,000 or its equivalent in a foreign currency, must submit the necessary declarations electronically with effect from May 13.

Travellers to and from Singapore carrying over S$20,000 must submit online declaration from May 13

Prime Minister Datuk Seri Anwar Ibrahim arrived in Kota Kinabalu on Friday night for a one-day working visit to the state.

Anwar's plane landed at Terminal Two, Kota Kinabalu International Airport at 11.40pm, where he was greeted by Chief Minister Datuk Seri Hajiji Noor.

Anwar arrives in Kota Kinabalu for one-day visit

Attention this week will be on the March inflation rate, with the Department of Statistics Malaysia (DOSM) slated to put out Consumer Price Index (CPI) — the key gauge for inflation — data on Thursday.

Inflation edged up by a higher-than-expected 1.8% i...

The Nasdaq and the S&amp;P 500 ended lower on Friday as Netflix shares weighed, but American Express (AmEx) kept the Dow afloat after quarterly earnings from both companies, while growing pessimism that the Federal Reserve (Fed) would cut interest rates soon also dented sentiment.

Nasdaq, S&P tumble as Netflix, chip stocks drag; AmEx boosts Dow

Israel's apparent strike on Iran after days of vacillation was small and appeared calibrated to dial back risks of a major war, even if the sheer fact it happened at all shattered a taboo of direct attacks that Tehran broke days earlier.

Prime Minister Benjamin Netanyahu's war cabinet had initially approved plans for a strike on Monday night inside Iranian territory to respond forcefully to last Saturday's missile and drones from Iran, but held back at the last-minute, three sources with knowledge of the situation said.

Israel's Iran attack carefully calibrated after internal splits, US pressure

Parties in the Unity Government have their methods to ensure a win in the Kuala Kubu Baharu by-election next month, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Ahmad Zahid, who is also Barisan Nasional (BN) chairman, said this was discussed at the Unity Government secretariat meeting on Wednesday.

Unity Govt parties have ways to ensure victory in Kuala Kubu Baharu polls — Ahmad Zahid