Markets

SINGAPORE: Hotels and attractions in Singapore are looking forward to welcoming foreign guests following the relaunch of a long-awaited air travel bubble with Hong Kong, which they described as a “positive step forward” for the battered tourism industry. But the impact will likely be a “more ...

THE Monetary Authority of Singapore (MAS) is paying attention to new ways that dirty money is channelling into the financial system - singling out the new breed of fund companies known as variable capital companies (VCCs), and virtual assets or digital payment tokens.

THE Monetary Authority of Singapore (MAS) announced on Tuesday that it is partnering the private sector to strengthen the Republic's value proposition as one of the world's leading asset management and fund domiciliation hub.

SINGAPORE: Rubel, a migrant worker who has worked in Singapore for 10 years, has travelled both by lorry and by bus while working in Singapore. While he now lives at his worksite, he recalls how sitting at the back of a lorry can be "a nightmare". It was cramped...

China, the world's biggest coal user, said Tuesday (Apr 27) the fossil fuel will play a less dominant role in its energy mix and that, despite plans to build new coal-fired power plants, the country will not use it on a wide scale. The comments by Li Gao, the...

HSBC said on Tuesday that first-quarter profits more than doubled, helped by a reversal in credit losses as well as its ongoing restructuring and pivot to Asia.

TOKYO: Toyota Motor Corp has acquired the self-driving division of American ride-hailing company Lyft for US$500 million, in a move that underlines the Japanese automaker’s ambitions in that technology. The acquisition, announced Tuesday (Apr 27), was carried out by Woven Planet Holdings, a Toyota ...

SINGAPORE'S Accounting and Corporate Regulatory Authority (Acra) has been re-elected to the board of the International Forum of Independent Audit Regulators (IFIAR) for another four-year term.

DETROIT: Charged up by strong sales of its electric cars and SUVs, Tesla on Monday (Apr 26) posted its seventh-straight profitable quarter. The company made US$438 million in the three-month period that ended Mar 31, as sales more than doubled the same period last year to nearly 185,000 vehicles...

NEW YORK: Facebook is expanding its partnership with Spotify to create a mechanism for listening to full songs within the social network, which recently has been turning its attention to audio offerings. The move started on Monday (Apr 26) in 27 markets. Paying Spotify subscribers are now able to ...