Fashion
DFI Retail Group hikes dividend payout ratio to 70% in three-year plan
The group is targeting a compound annual growth rate of 11 to 15% for its underlying profit[SINGAPORE] DFI Retail Group has unveiled a three-year strategic roadmap targeting double-digit profit...
Anthony Law, PropNex Realty salesperson rebut allegations in lawsuit involving 99-1 deal
This is in response to a case filed by a couple over the purchase of a unit at The Gazania[SINGAPORE] Anthony Law Corp, which has been sued by a...
Retail investors push e-commerce platform Meesho’s US$604 million India IPO to full subscription
The company has raised about US$270 million from anchors including Government of Singapore ahead of its IPO[MUMBAI] Meesho’s US$604 million initial public offering was fully subscribed the first day...
Global accounting body IASB consults on new model for assessing bank risks
The model will attempt to replace a transaction-driven view of how banks manage interest rate risks[LONDON] Banks could give investors a clearer view on how they manage risks, such...
Singapore’s benchmark index STI rises for the sixth day, up 0.4%
Across the broader market, decliners beat gainers 297 to 275, after 1.3 billion securities valued at more than S$1.4 billion are transacted[SINGAPORE] Singapore shares rose on Wednesday (Dec 3),...
China’s LandSpace fails to complete reusable rocket test
The rocket was not able to complete a controlled landing following an initial launch[BEIJING] The maiden test of LandSpace’s next-generation Zhuque-3 rocket ended in failure on Wednesday (Dec 3),...
Cordlife faces S$5.45 million civil claim from clients over damaged cord blood units
[SINGAPORE] Cordlife Group is facing claims of at least S$5.45 million in damages from clients who stored 109 cord blood units (CBUs) with the company.In a bourse filing on...
Major Chinese banks cut high-yield deposit products to ease margin pressure
[BEIJING] Some major Chinese commercial banks have removed five-year, large-scale certificates of deposit that carry a high yield from their offerings, in an effort to cut costs and offset...
Grab-Singtel’s GXS bank cuts about 10% of workforce as it moves on from early stage operations
Loss of 82 jobs part of the group’s transition from building a bank to running the operations: CEO Lai Pei-Si[SINGAPORE] Digital bank GXS is cutting 82 jobs or about...
Chinese smart glasses firms eye overseas conquest
[HANGZHOU, China] In China, artificial intelligence (AI) glasses let the wearer pay in shops with just a glance at a QR code and a voice command, as a growing...
Most Asian markets rise as traders await key US data
Money markets have put the chances of a Dec 10 cut at around 90%, with another three forecast by the end of next year[HONG KONG] Markets mostly rose on...
Apple Tap to Pay now available in Singapore, allowing merchants to use iPhones as contactless payment terminals
The function also supports contactless credit and debit cards from American Express, JCB, Mastercard, UnionPay and Visa[SINGAPORE] Apple has announced that Tap to Pay on iPhone is now available...