In 2018, Walmart acquired a 77% stake for $16 billion in Flipkart, the Indian company he cofounded, in what was reportedly the largest amount ever paid worldwide to acquire an e-commerce company.
How Investors Are Viewing Singapore Press’s Job-Cuts Plan
Investors in Singapore Press Holdings Ltd.’s shares, trading near their lowest level in about three decades, showed little reaction to the company’s latest round of job cuts.
Singapore Leads Libor Exit With ‘Ground-Breaking’ Debt Sale
Singapore is blazing a trail in the global effort to replace Libor, becoming one of the first countries to auction debt linked to an alternative benchmark.The Monetary Authority of Singapore sold S$50 …
Singapore regulator to push for more locals in senior bank roles
(Bloomberg) — Singapore’s financial regulator will step up efforts to urge banks to place more citizens in senior management roles, according to its chief. The Monetary Authority of Singapore confers …
Malaysia reports 7 new COVID-19 cases
The PCA allows Singapore and Malaysia citizens or permanent residents who hold long-term immigration passes for business and work purposes in the other country to enter that country for work.
Singapore’s vital marine sector under pressure to restructure
The trouble goes beyond Singaporean companies. Swire Pacific, a Hong Kong-listed British conglomerate, announced on Thursday that its Singapore-based marine service business suffered a 22% drop in …
Coronavirus live updates: U.S. averaging over 50,000 cases a day; Singapore announces more stimulus
The coronavirus has infected more than 21.7 million people across the world as of Monday, killing at least 775,900 people.
Support Predicted For Singapore Stock Market
The Singapore stock market has moved lower in consecutive trading days, sinking more than 25 points or 1 percent along the way. The Straits Times Index now rests just above the 2,570-point plateau …
Sembcorp unit to develop industrial park in Myanmar
Sembcorp Development (Sembcorp), a wholly-owned subsidiary of Sembcorp Industries, will develop the Myanmar Singapore Industrial Park, a press release revealed. It’ll be the firm’s first integrated …
Starting a business in Singapore as a foreigner
Singapore is known worldwide as a global financial center, regional trade route, and logistics hub. The country has an established economy that has been essential in its growth and development. The …