Business
Cosco Pacific to sell CIMC stake to parent for S$1.5 billion
NEW YORK – Cosco Pacific Ltd, the container-terminal arm of China’s biggest shipping group, agreed to sell its stake in the world’s largest shipping-container manufacturer to...
Plastoform removed from SGX watch list
SINGAPORE — Audio products manufacturer Plastoform Holdings will be removed from the Singapore Exchange’s watch-list on Wednesday, ending a stretch of more than three years on it.
CIMB cautious on outlook after asset sale boosts Q1 profit
KUALA LUMPUR - CIMB Group, Southeast Asia’s fifth-largest bank by assets, posted on Tuesday a 37 per cent jump in first-quarter net profit, boosted by the sale of an insurance...
Asia stocks muted ahead of US Fed meeting
BANGKOK — Asian stock markets struggled to post gains today (May 21) as investors waited for the United States Federal Reserve to telegraph what it plans to do next with its...
Reebonz set to grow as luxury demand expands
SINGAPORE — Four years after its inception, online luxury shopping destination Reebonz has seen spectacular growth across the Asia-Pacific as it surfs the wave of demand for...
Yahoo! buys Tumblr for S$1.4b, vows ‘not to screw it up’
NEW YORK — Yahoo!, the faded Web pioneer, has agreed to buy the popular blogging service Tumblr for about US$1.1 billion (S$1.4 billion), a signal of how the company plans to...
Reforms needed to avoid global stagnation: Tharman
SINGAPORE — The global economy may slip into prolonged stagnation in less than 10 years if governments can’t put in place structural reforms to secure macroeconomic stability...
Youths score in marketing project
Singapore — For a group of students in Temasek Polytechnic (TP), academic life took an exhilarating turn when they had a chance to work with the TODAY team on a digital...


