Alibaba mulls second listing in Hong Kong to raise US$20b

HONG KONG (BLOOMBERG) - Alibaba Group Holding is considering raising US$20 billion (S$27.5 billion) via a second listing in Hong Kong after a record-breaking...

Robo-deliveries are now reality in China

BEIJING (BLOOMBERG) - Forget drones. The future of deliveries may be robo-vans. A Chinese start-up called Neolix kicked off mass production of its self-driving delivery...

Stocks to watch: Bukit Sembawang, China Everbright Water, UnUsUaL, Vividthree, Ossia, Vallianz, USP

SINGAPORE - The following companies saw new developments that may affect trading of their shares on Tuesday (May 28): Bukit Sembawang Estates: Property developer Bukit...

Vallianz, USP Group warn of full-year net losses

SINGAPORE - Catalist-listed Vallianz Holdings and mainboard-listed USP Group have each warned that they expect net losses for the fiscal year ended March 31,...

ST Podcast: Financial adulting 101 and controlling monthly credit card debt

Money Hacks Ep 44: Financial adulting 101 and controlling monthly credit card debt 11:52 mins Synopsis: In this podcast series every Monday, The Straits Times and...

Shenton Way, Tanjong Pagar among top locations for tech, media and telco tenants in...

SINGAPORE - Singapore has been ranked among Asia's top commercial real estate locations with attractive submarkets for technology, media and telecommunications (TMT) occupiers, according...

Growth in Singapore’s services sector revenue eases again in Q1 to 3.6%

SINGAPORE - Growth in the services sector's revenue eased in the first quarter of 2019, according to data from the Department of Statistics (SingStat)...

China Everbright Water unit bags 2nd phase of industrial waste water project in Jiangsu

SINGAPORE - Mainboard-listed China Everbright Water has secured the second phase of an industrial waste water project worth an investment of 859.4 million yuan...

Singapore-based start-up Trax raising US$100m to value company at US$1.1b, only behind Grab

SINGAPORE (BLOOMBERG) - Trax, a Singapore-based start-up serving the retail industry, is finalizing a deal to raise US$100 million (S$137.45 million) at a pre-money...

Kimberly-Clark to invest another $25m to double Tuas factory exports

SINGAPORE - Kimberly-Clark is injecting fresh investments of over $25 million in its Tuas manufacturing facility, with plans to double export volume and value...

CapitaLand forms new executive committee, business structure after Ascendas-Singbridge acquisition

SINGAPORE - Property giant CapitaLand is setting up a new executive committee to provide strategic business planning, organisational alignment and implementation as it reorganises...

Singapore shares dip at Monday’s open; STI down 0.03% to 3,169.02

SINGAPORE - Singapore stocks started the week on lower ground, with the Straits Times Index down 0.87 point or 0.03 per cent to 3169.02...

Bitcoin climbs to highest in a year amid cryptocurrency comeback

SYDNEY (BLOOMBERG) - Bitcoin soared to the highest level in a year, extending a run that's seen prices more than double since March. The largest...

Samsung to gain from Huawei’s difficulties but smartphone market remains challenging: Fitch

SINGAPORE - South Korea's Samsung Electronics has an opportunity to strengthen its position in the structurally weakening smartphone market, amid turmoil from the US-China...

China’s industrial profits shrink in April, add to pressure on economy

BEIJING (REUTERS) - Profits for China's industrial firms dropped in April on slowing demand and manufacturing activity, suggesting the previous month's rebound may have...

Asia’s worst currency hammered as funds buy foreign stocks

SEOUL (BLOOMBERG) - As if South Korea's won doesn't have enough to worry about, a stampede in local investors toward overseas assets is threatening...

Three floors at The Octagon up for sale with total $43m indicative price

SINGAPORE - Three floors at The Octagon, a 25-storey freehold office building on 105 Cecil Street, have been launched for bulk sale by tender...

Shenton Way, Tanjong Pagar offices most popular among tech tenants in Asia: Colliers

SINGAPORE - Singapore has been ranked among Asia's top commercial real estate locations with attractive submarkets for technology, media and telecommunications (TMT) occupiers, according...

HSBC Singapore names head of financial institutions group for SE Asia, a new role...

SINGAPORE - HSBC Singapore has appointed Kanakanjan Ray as head of financial institutions group (FIG), South-east Asia - a newly created role in the...

Ascendas-Singbridge to launch co-innovation lab for urban solutions

SINGAPORE - Ascendas-Singbridge Group (ASB), which is being acquired by CapitaLand, is developing a co-innovation lab to support at least 30 projects in smart...

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