Culture
Minimum fare for Grab drivers to rise by S$0.50 to S$5.80 from Nov 24
It follows Grab’s recognition of the NTUC-affiliated National Taxi Association to represent taxi drivers on its platform[SINGAPORE] The minimum fare for Grab drivers will increase by S$0.50 for most...
Hyundai pledges record US$85.8b investment in South Korea
Hyundai called it “the company’s largest-ever domestic investment commitment”[SEOUL] South Korean auto giant Hyundai Motor Group pledged on Monday (Nov 17) an unprecedented US$85.8 billion investment in the country...
L’Oréal buys second Chinese skincare stake as C-Beauty brands snare market share
[BEIJING] Cosmetics giant L’Oreal said on Monday (Nov 17) it has taken a minority stake in mass-market Chinese skincare brand Lan, marking its second investment in recent months in...
Nomura said to probe if profits inflated at India bond desk
[MUMBAI] Nomura Holdings is investigating its India fixed-income business, asking senior officials in its rates division to determine whether profits were inflated in recent years, according to sources familiar...
Samsung hikes memory chip prices by up to 60% as shortage worsens: sources
The chip crunch has been so severe that it has spurred panic buying by some customers, according to industry executives and analysts[SEOUL/SINGAPORE] Samsung Electronics this month raised prices of...
MAS imposes S$137,000 penalty on Alpha Energy’s ex-managing director for insider trading
He has also given a voluntary undertaking not to be a director or be involved in the management of a company for two years[SINGAPORE] The Monetary Authority of Singapore...
EQT billionaire takes on Wall Street titans with big Asia push
The firm may not be a household name but it’s grown to become the largest non-US private equity firm in the world, with US$310 billion in assets[HONG KONG] Billionaire...
Indonesia plans 25% free-float level to deepen market, OJK says
[JAKARTA] Indonesia plans to gradually increase the minimum free-float level for listed companies as part of its effort to deepen stock market liquidity and attract more investors.The free-float requirement...
Del Monte Pacific Q2 net profit jumps seven times to US$16.8 million
[SINGAPORE] Mainboard-listed Del Monte Pacific said on Monday (Nov 17) that its net profit for its second quarter of FY2026 rose to US$16.8 million from US$2.3 million in the...
ST Engineering sells 49% stake in Shanghai MRO JV to China Eastern Airlines for 680.5 million yuan
The move will yield a one-off gain of around S$48.1 million, based on the S$60.2 million carrying value for Starco[SINGAPORE] ST Engineering has agreed to sell its entire 49...
