Culture
CEO of Temasek’s Azalea to retire, with CIO set to succeed her
CEO Margaret Lui’s retirement will mark the end of her 40-year career with the Temasek group Azalea Investment Management’s chief executive officer Margaret Lui will retire on Mar 31....
Mapletree Logistics Trust to sell Tuas property for S$11.18 million, 39.8% above valuation
The property comprises a three-storey cargo lift warehouse and factory building with an ancillary officeMapletree Logistics Trust’s (MLT) trustee HSBC Institutional Trust Services has entered into a purchase agreement...
HSBC warns of bonus cuts as cost of restructuring looms
HSBC Holdings is set to buck an industrywide trend of higher banker bonuses as it gears up for a multibillion-US dollar cost reduction from an ongoing restructuring.
Some employees in...
BP cuts over 5% of workforce in CEO cost cut drive
BP announced on Thursday (Jan 16) that it will cut around 4,700 staff, or over 5 per cent of its total workforce, as part of CEO Murray Auchincloss’ efforts...
Alliance Bank’s top shareholder Vertical Theme is said to consider sale to DBS
INVESTMENT management firm Vertical Theme is planning to seek approval in the coming weeks to start talks about selling its stake in Alliance Bank Malaysia, according to people familiar...
Sias questions Fu Yu board on controlling shareholder’s bid to remove IDs due to company’s performance
THE Securities Investors Association (Singapore), or Sias, has asked precision plastics manufacturer Fu Yu Corporation’s board to substantiate the claim by the largest shareholder Victor Lim that the company’s...
Simba gains ground against incumbent telcos in 2024: Opensignal
SIMBA has gained about two subscribers from incumbent mobile network operators (MNOs) for every subscriber lost, suggesting that the latest entrant has been competitive in Singapore’s crowded wireless market....
Singapore Airlines extends title sponsorship for F1 for 4 more years till 2028
Singapore Airlines (SIA) has renewed its title sponsorship of the Formula 1 (F1) Singapore Grand Prix for four more years, it announced on Thursday (Jan 16). SIA has been...
TSMC profit beats estimates after year of rapid AI-driven growth
TAIWAN Semiconductor Manufacturing Company’s (TSMC) profit in the December quarter topped estimates with a 57 per cent rise, giving a boost to investors hoping to see the artificial intelligence...
Latest Singapore 6-month T-bill cut-off yield slips to 2.99%
THE cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) fell to 2.99 per cent, based on auction results released by the Monetary Authority of Singapore on Thursday (Jan...
