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UOB reviewing insurance deal with Prudential

13 Oct 2018 - The Star Online
S’pore lender wants to get more value HONG KONG: Singapore lender United Overseas Bank Ltd (UOB) is reviewing its insurance business, including an existing partnership with Prudential Plc, after South-East Asia witnessed a wave of lucrative distribution deals, sources said. UOB has been soliciting ideas ...
sgx:u11 sgx:k6s hkex:2378 usx:puk

HSBC HQ to move to Marina Bay Financial Centre

14 Sep 2018 - Singapore Business Review
The firm targets to occupy the 140,000 sq ft office by April 2020. HSBC Singapore will be relocating its head office to Marina Bay Financial Centre (MBFC) Tower 2 found within the Central Business District as it pushes for rapid growth plans, an announcement revealed. HSBC Singapore will have signage ...
sgx:pu6d hkex:5

China's top bank ICBC posts higher profit, bad debts steady

30 Aug 2018 - The Star Online
SHANGHAI/HONG KONG: Industrial and Commercial Bank of China, the world's largest commercial bank, on Thursday reported a 5 percent rise in first-half profit and a stable bad loan ratio. ICBC, like other big state-owned banks, has been seeing a rebound in business as China's crackdown on risk in the wider ...

Hong Kong is more liveable than Singapore

14 Aug 2018 - Singapore Business Review
The Lion City fell to 37th place whilst Hong Kong rose to 35th spot. Singapore fell down two places to flop at 37th place in the liveability rankings compiled by research and analysis firm The Economist Intelligence Unit. Taking advantage of close regional rival's slump, Hong Kong rose by 10 places to ...

Daily Briefing: Malaysian PM says HSR on hold due to lack of funds; Parent company offers to make Wheelock shares private for $598m

20 Jul 2018 - Singapore Business Review
And here's why the STI could be a casualty in the US-China trade wars. From iCompare Loan: Malaysian Prime Minister Dr. Mahathir Mohamad revealed that the High-Speed Rail (HSR) project is on hold as the government's fund could be short for the project cost valued at RMB110b ($37b). The Malaysian Finance ...
hkex:20 sgx:m35

Singtel takes a dip into eSports with Razer and other partners

11 Jul 2018 - Singapore Business Review
It will launch PVP eSports Championship in Singapore on 5 to 7 October. Singtel will be testing the waters of eSports with the launch of PVP eSports Championship, a multi-title and regional league in Singapore on 5 to 7 October. Its partners Razer, Blizzard, Garena, and MET will be set up with other ...
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Starbucks slides after ‘unacceptable’ performance leads to U.S. store closures

20 Jun 2018 - South China Morning Post
By Martin Baccardax Starbucks Corp. shares slumped in pre-market trading as investors reacted to plans by the world’s largest coffee chain to close as many as 150 U.S. stores and cafes in its upcoming fiscal year amid intensifying competition from rivals. Starbucks shuts 8,000 US stores for anti-bias ...
usx:sbux hkex:4337

Tencent tumbles as US takes aim at Google’s ties with Chinese tech firms

8 Jun 2018 - South China Morning Post
Chinese internet conglomerate Tencent Holdings tumbled on Friday, dragging Hong Kong’s benchmark with it, after the US congress started examining Google’s ties with Chinese technology and telecoms companies such as Huawei, Tencent, and Xiaomi. Google is the latest company to come under fire from US lawmakers ...
usx:goog usx:googl hkex:700 sgx:axh

Alibaba, Tencent, Baidu to hold big stakes in Foxconn unit after US$4.3 billion IPO

28 May 2018 - South China Morning Post
Alibaba, Tencent and Baidu, mainland China’s three biggest internet conglomerates, will become major shareholders in Foxconn Industrial Internet after the technology firm’s upcoming US$4.3 billion initial public offering, China’s biggest domestic listing in three years. The three received 21.78 million ...
usx:baba hkex:700 usx:bidu

China’s largest tech companies have spent billions on investments, but are they smart shoppers?

21 May 2018 - South China Morning Post
China’s technology triumvirate comprising Baidu, Alibaba Group Holding and Tencent Holdings have become some of the country’s most active investors, spending billions of dollars in a variety of industries, whether to support their own core operations or to diversify into exciting new areas. A look at ...
usx:baba hkex:700 usx:bidu