Business
DBS HIT WITH US$1 BILLION 1MDB LAWSUIT — But The Bank Is Fighting Back
SINGAPORE — DBS Bank, Southeast Asia’s largest lender, is facing a S$1.298 billion (about US$1.03 billion) damages claim linked to the long-running…
Category: Asia
Business
Ong Family Moves to Take OTS Holdings Private With S$0.17-Per-Share Cash Offer
SINGAPORE — The Ong family is moving to take Singapore-listed food manufacturer OTS Holdings private, offering minority shareholders S$0.17 in cash for…
Business
Sembcorp Scraps S$105M Philippine Solar Deal as Strategy Shifts
SINGAPORE — Sembcorp Industries has pulled the plug on its planned S$105 million acquisition of Philippine solar developer Puente Al Sol Inc.,…
Business
DBS Rejects S$1.3 Billion 1MDB-Linked Lawsuit, Vows to Fight Claim ‘Vigorously’
SINGAPORE — DBS Bank is facing a massive S$1.3 billion lawsuit linked to the multibillion-dollar 1MDB scandal, but Southeast Asia’s largest lender…
Business
Singapore’s Assets Under Management Hit $6.7 Trillion Despite China Tax Changes
SINGAPORE — Singapore’s wealth management industry has continued to grow despite concerns over changing tax rules affecting wealthy Chinese investors, with assets…
Business
Cinnabon Bids Goodbye to Singapore as Last ION Orchard Store Set to Close
SINGAPORE — American cinnamon roll chain Cinnabon is officially leaving Singapore, with its final outlet at ION Orchard set to close on…
Business
Organisational Silos Overtake Budget as Singapore Real Estate’s Biggest AI Barrier
SINGAPORE — Money is no longer the biggest obstacle standing between Singapore’s real estate sector and the artificial intelligence revolution. Instead, the…
Business
Universal Quantum Picks Singapore for First R&D Centre Outside Europe
SINGAPORE — UK-based quantum computing company Universal Quantum is setting up its first research and development centre outside Europe in Singapore, marking…
Business
Over 65% of Cars Sold in China Are Now EVs as Iran War Accelerates Shift Away From Petrol
SHANGHAI — More than 65% of cars sold in China are now electric or plug-in hybrid vehicles, marking a new record as…
Entertainment
Elena Rybakina Just Took Down a Champion—But Her Biggest Victory Is Still Waiting at the US Open
NEW YORK — Kazakhstan’s Elena Rybakina secured a historic rise to World No. 1 after fighting back to defeat China’s Zheng Qinwen…