Major U.S. large-cap bank stocks struggled along with the broader market, which is reeling from new COVID-related fears and higher inflation.
European gas prices surged to a six-month peak on Tuesday, exacerbating recession fears as the region faces the prospect of rationing following cuts to Russia supplies amid the war in Ukraine.
India will aim to become a developed nation within 25 years, Prime Minister Narendra Modi said in a national day address on Monday, with policies to support domestic production in power, defence and digital technology. Speaking from the 17th century Red Fort in Delhi as India celebrates its 75th year of independence from British colonial rule, Modi exhorted youth to "aim big" and give their best years for the cause of the country. "We must turn India into a developed country in the next 25 years, in our lifetime," said the 71-year-old Modi, wearing a turban in the colours of the Indian flag, in his 75-minute-speech in Hindi.
The transaction is expected to have an equity value of 30 billion rupees ($516.66 million).
Across Asia, tech startups are taking food otherwise destined for landfill and providing discounted meals through mobile phone apps.
The founders of Singaporean rubbish collector 800 Super Waste Management, backed by private equity firm KKR & Co, are nearing a deal to sell the business which could value it at around $300 million, two sources with knowledge of the matter told Reuters. The company, controlled by executive chairman Lee Koh Yong and his family, is working with at least one adviser on the sale and could close the deal as early as this month, the sources said, declining to be identified as the information is confidential. Final bidders for 800 Super include Australia's Macquarie Asset Management and KKR, which funded 800 Super's 2019 management-led buyout from the local bourse and owns a minority stake in the company, the sources said.
Singapore is seeking a compromise in its review of a colonial-era law banning sex between men, as the rule is a marker for important values society cares about, DPM Lawrence Wong said.
Oil prices slumped nearly five percent Monday on data showing China's economic recovery stuttering under Covid-19 restrictions and a slumping property sector.
Singapore’s DPM Lawrence Wong warned that the US and China may “sleepwalk into conflict” if they don’t engage with each other and deescalate rising tensions over Taiwan.
HANOI, VIETNAM - Media OutReach - 15 August 2022 - On July 20nd, the Scientific Reports journal (the Nature) officially annouced a break-through research on using LiveSpo NAVAX probiotic spores in nasal spray form to support the treatment of acute respiratory infections in children infected with respiratory syncytial virus (RSV) [1] Respiratory syncytial virus (RSV) is a leading cause of Acute Respiratory Tract Infections (ARTIs) in young children. The World Health Organization estimates that 48
A 5-room HDB flat sold for $1.40 million at City Vue @ Henderson, becoming the most expensive HDB flat in Singapore! On the topic of expensive HDB flats, here are the top 5 most expensive flats in every decade since the 1990s.
SINGAPORE - Media OutReach - 16 August 2022 - Singapore-based metaverse and play-and-earn gaming startup, Affyn, recently launched its inaugural "Generation Zero Buddies" ("Gen 0 Buddies" in short) Non-Fungible Token (NFT) collection on Polygon. The debut NFT collection experienced high demand and sold out within 100 seconds of listing and has increased more than 30 times in value on the secondary market. While NFTs within the collection were initially sold for around USD 150 (2,995 $FYN) a piec
The recent AMK SERS announcement had many Singaporeans up in arms. We trawled the Facebook comments to find out what exactly everyone is unhappy about.
Asia cryptocurrency exchange Zipmex was granted more than three months of protection from creditors by Singapore’s High Court.
RHB analysts saw disappointing footfall at RWS’s premise and casino, versus the large crowds at MBS and its casino.
Singapore’s deputy prime minister Lawrence Wong signalled that the wealthy may face more taxes as the government seeks more inclusive growth.
Japan's economy expanded in the three months to June, official data showed Monday, after the government lifted Covid-19 curbs on businesses.
The four-storey conservation shophouse is undergoing a refurbishment that will be completed in 1Q2023. (Picture: Sakal Real Estate Partners)SINGAPORE (EDGEPROP) - A commercial shophouse at 21 New Bridge Road has been put up for sale and the four-storey commercial shophouse will be sold in a private treaty sale, according to a press release by the marketing agent Sakal Real Estate Partners on Aug 15.Read also: 2½ storey freehold conservation shophouse in Lavender up for sale at $7.5 milWhile ther
When it comes to buying baby gifts, it is often a decision between affordability, presentability and quality. Pineapple switches things up, making prime-quality customisable baby hampers that are not just delightfully beautiful but also highly accessible at inexpensive prices.SINGAPORE - Media OutReach - 15 August 2022 - Those looking to get the perfect baby gifts and gift hampers need no longer make a choice between affordability, presentability and quality. Pineapple, a newly launched business
Oil prices fell Monday on the prospects of a return of Iranian oil to the market and data showing China's economic recovery stuttering under Covid-19 restrictions.
Study further found 79% of consumers in Asia Pacific want digital identity systemSINGAPORE - Media OutReach - 16 August 2022 - Callsign, the digital identity pioneer, has released a report quantifying for the first time the value of digital trust to society and the economy. The research reveals the potential to build growth during the current global economic slowdown with a five percentage point increase in digital trust resulting in an average increase in GDP per capita of US$3,000. The finding
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