Me & My Money: Planning for rainy days ensures peace of mind when investing
When it comes to putting your pot of gold to work, financial services executive Pearlyn Phau believes it is vital to direct some funds into a safe and sound investment […]
Unicorns no longer an easy ride for Silicon Valley kings
(NYTIMES) – The young kings of Silicon Valley are dismounting their unicorns. They are writing sentimental blog posts that outline their legacies. They are expressing hope for their companies’ prospects. […]
7 tips to make your finances more resilient
With inflation hitting record highs, coupled with ballooning expenses and sluggish income growth, consumers are caught in a bind, but all is not lost. We can focus on the things […]
Structuring a retirement portfolio with a mix of investments
Financial advisers recommend that CPF Life form the base for anyone embarking on retirement planning as payouts are for life. Building on that, relatively safer instruments like fixed deposits, Singapore […]
Boosting income streams for your golden years
With rising inflation today reducing the real rate of return of bank savings, growing your retirement nest egg is a challenge, but there are still a number of investment vehicles […]
Young and Savvy: Going green in investing
SINGAPORE – A few years ago, a friend shot me a dirty look when I went to get a plastic straw for my ice lemon tea. She knew I already […]
High inflation isn’t going away soon. How can you better protect your money?
Singapore’s core inflation reached 4.4 per cent in June – the highest it’s been since the global financial crisis in 2008. Core inflation excludes accommodation and private transport. The Monetary […]
US stocks post weekly gains after better inflation data
NEW YORK (AFP) – Wall Street stocks concluded a positive week on a winning note, rising on Friday (Aug 12) on improving investor sentiment following better US inflation data earlier […]
Five Chinese state-owned companies to delist from NYSE amid US tensions
SHANGHAI/HONG KONG (REUTERS) – Five Chinese state-owned companies, including oil giant Sinopec and China Life Insurance, said on Friday (Aug 12) they would delist from the New York Stock Exchange, […]
Russia economy shrinks 4% as sanctions bite
MOSCOW (AFP) – Russia’s economy contracted by 4 per cent year-on-year in the second quarter, the national statistics agency said on Friday (Aug 12), as Western sanctions take their toll […]
Retail investors’ muted response to S’pore’s 1st sovereign green bond expected given long tenor: Analysts
SINGAPORE – The muted response from retail investors to Singapore’s inaugural sovereign green bond was expected given the product’s 50-year tenor, analysts said. The lengthy period before the bond matures […]
Chinese crypto mogul seeks to sell Huobi stake at $4.1 billion value
HONG KONG (BLOOMBERG) – Huobi Group founder Leon Li is in talks with a clutch of investors to sell his majority stake in the crypto exchange at a valuation of […]
Apple expects to sustain iPhone sales in 2022 as global market slows
TAIPEI (BLOOMBERG) – Apple has asked suppliers to build at least as many of its next-generation iPhones this year as in 2021, counting on an affluent clientele and dwindling competition […]
UK economy closes in on recession as it shrinks in second quarter
LONDON (REUTERS) – Britain’s economy contracted by less than feared in June, when public holidays had been expected to exert a big drag, although sectors most exposed to a worsening […]
Malaysia’s economy jumps 8.9% in Q2 but slower growth expected
KUALA LUMPUR (REUTERS) – Malaysia’s economy grew at its fastest annual pace in a year in the second quarter, boosted by expansion in domestic demand and resilient exports, but a slowdown […]
China’s SMIC warns of ‘rapid freeze’ in chip orders as smartphone demand skids
BEIJING (BLOOMBERG) – Semiconductor Manufacturing International Corp (SMIC) warned that clients in sectors such as smartphones were freezing orders, underscoring how a downturn in consumer electronics demand is hurting the […]
Olam first-half profit up 1.8% to $429.1m as higher costs weigh
SINGAPORE (REUTERS) – Commodity trader Olam Group on Friday (Aug 12) posted a marginal rise in net profit for the first half of fiscal 2022, as a weak performance in […]
China’s third-biggest IPO of the year doubles in trading debut
SHANGHAI (BLOOMBERG) – Shares of a manufacturer and distributer of computer components doubled in their Shanghai debut on Friday (Aug 12), heading for the second-biggest first-day pop among large listings […]
Keppel, Keppel Infrastructure Trust to invest $445m in German offshore wind farm
SINGAPORE – Keppel Corp and Keppel Infrastructure Trust (KIT) said on Friday (Aug 12) that they will spend €305 million (S$445.3 million) to acquire a 25 per cent stake in Borkum […]
Sembmarine cuts first-half loss to $142.9m as easing Covid-19 curbs aid project deliveries
SINGAPORE (REUTERS) – Sembcorp Marine (Sembmarine) said on Friday (Aug 12) its half-year loss narrowed 78 per cent from a year earlier, as the group finished delayed projects after Covid-19 […]