Culture
Luxury brands turn on the charm in China to kindle nascent spending recovery
Brands have flocked to Nanjing Deji Plaza, the country’s top-performing mall in 2024 with sales of 24.5 billion yuan[SHANGHAI] As Chinese shoppers dip toes back in the luxury pool,...
Dasmond Koh’s NoonTalk Media defends strategy amid going concern warning
The group has incurred three consecutive years of losses since its listing in November 2022[SINGAPORE] NoonTalk Media defended its business strategy and cost controls in a bourse filing released...
Anwar says chip tariff not an issue for now after Trump meet
[WASHINGTON] Malaysian Prime Minister Anwar Ibrahim said that US President Donald Trump told him the US and Malaysia will deal with US tariffs on semiconductors “at the appropriate time”.“For...
Philippine central banker sees more easing as graft woes weigh
[MANILA] The Philippine central bank may cut its key interest rate again in December and further next year, as the economic fallout from a corruption scandal may linger to...
Huawei EV partner Seres seeks HK$13.2 billion in Hong Kong listing
[HONG KONG] Seres Group started taking investor orders for a Hong Kong listing that may raise as much as HK$13.2 billion (S$2.2 billion), making the electric-vehicle (EV) maker the...
Skipping a generation: Lessons from the late Nippon Paint tycoon’s inheritance play
For families planning to hand over wealth directly to the third generation, the grandchildren’s tax residency is important[SINGAPORE] Months before Nippon Paint tycoon Goh Cheng Liang died at the...
Sembcorp partners EMA to test energy-storage system for grid stability
[SINGAPORE] Sembcorp Industries will work with the Energy Market Authority (EMA) to test its expanded battery energy-storage system on Jurong Island for its ability to provide inertia – a...
India and China resume direct flights as ties improve
The world’s two most populous nations remain strategic rivals competing for regional influence, but ties have eased gradually since a deadly Himalayan border clash in 2020[KOLKATA] India and China...
HSBC to book US$1.1 billion provision after Luxembourg court ruling in Madoff case
HSBC Holdings said on Monday it will recognise a provision of US$1.1 billion in its third-quarter results after a Luxembourg court ruling in a long-running lawsuit tied to the...
Swiss National Bank likely intervening to weaken franc: UBS
[ZURICH] The Swiss National Bank (SNB) is probably stepping into the market to weaken the franc, according to economists at UBS Group.“Current market conditions indicate an elevated risk of...
