An Indian court on Thursday declined to lift a freeze on Xiaomi Corp's $676 million worth of assets, even as the Chinese smartphone group said this enforcement action had "effectively halted" its operations in its key Indian market. India's federal financial crime agency, the Enforcement Directorate, froze 55.51 billion rupees of Xiaomi assets in April, alleging the company made illegal remittances to foreign entities by passing them off as royalty payments. Xiaomi, which denies any wrongdoing, challenged the asset freeze in the High Court of southern Karnataka state, saying in its legal filing it "is severely disproportionate and has effectively halted the operations" of the company.
Haidilao restaurant co-founder Shi bought a good class bungalow in September. The company’s co-founders and their family members now own at least three of the mansions.
Saudi Arabia, Russia and other top oil producers agreed on a major cut in production on Wednesday to boost crude prices -- a move denounced by the United States as a concession to Moscow that will further hurt the global economy.
Amidst stiff competition in Her World Spa Awards 2022: Best Facial Treatments in Singapore, Victoria Facelift secures not one but two distinguished awards, with their signature Power-Lift Facial Treatment being crowned as the best skin-rejuvenating facial treatment in the whole of Singapore. SINGAPORE - Media OutReach - 5 October 2022 - The battle against ageing skin is one constantly waged, with many turning solely to luxury cosmetics in search of an effective solution. However, those in Singap
The World Bank trimmed India's growth forecast for this financial year by a full percentage point on Thursday and predicted a 9.5% contraction in crisis-hit Sri Lanka, as rising commodity prices and debt trouble hit economies in South Asia. Growth estimates for the region - comprising India, Pakistan, Afghanistan, Bangladesh, Sri Lanka, Nepal, Bhutan and the Maldives - were revised down to 5.8% from 6.8% forecast in June. India's forecast was trimmed to 6.5% from 7.5%.
Growth in India's services industry slumped in September to a six-month low, led by a substantial easing in demand amid high inflation, a private survey showed. The S&P Global India services Purchasing Managers' Index fell to 54.3 in September from August's 57.2, much lower than the Reuters poll expectation for a gentle drop to 57.0. Despite staying above the 50-mark separating growth from contraction for the fourteenth straight month - the longest stretch of expansion since October 2016 - the index fell to its lowest since March.
The toll of nearly three years of COVID-19 includes millions of nurses broken by punishing hours and low pay, many of whom quit the profession and left hospitals dangerously short of critical staff.
Singapore's central bank said it wouldn’t know about the number of people interested in setting up crypto firms unless they apply for a license.
TotalEnergies will start offering biofuels as a bunkering fuel to its customers in Singapore from next year, a senior executive at the French energy giant said on Thursday, as the company seeks to reduce its emissions in shipping. The move would reduce greenhouse gas emissions from shipping by 20-25%, said Vice President Marine Fuels Louise Tricoire. "We will be able to deliver biofuels with new UCOME (used cooking oil methyl ester) based supply chain in Singapore by 1 Jan 2023 for customers," said Tricoire at the Singapore International Bunkering Conference and Exhibition (SIBCON) 2022.
75% of APAC’s business leaders will be looking for new career prospects in the following monthsSINGAPORE - Media OutReach - 6 October 2022 - Sparked by the global pandemic, the Great Resignation has already been happening among the C-suite in Asia Pacific for the last 2 years. In latest studies from The Page Executive Asia Pacific Talent Trends 2022 Report – The Great X, there has been a wave of resignations amongst senior leadership in Asia Pacific as over one-third of leaders polled (36%) have
Oil prices are up again following OPEC+ largest supply cut since 2020.
Equity markets mostly fell Thursday and the pound retreated once more against the dollar on lingering recession fears despite hopes that the US Federal Reserve will tame the pace of aggressive interest rate hikes.
NEW DELHI (Reuters) -Indian cosmetics and fashion retailer Nykaa and Dubai-based lifestyle and fashion conglomerate Apparel Group have struck an alliance to expand in the Gulf region, the companies said on Thursday. With the agreement, Nykaa hopes to grow in a region where it sees high demand for beauty products, months after inflationary pressures in India led it to report to a "subdued season" in the three months ended June. Nykaa Chief Executive Falguni Nayar said the two companies would together build a multi-brand beauty retail business in Gulf Cooperation Council countries, with Nykaa holding a 55% stake of the entity and Apparel Group holding the rest.
We take a deeper look at what S$10,000 will buy you for this REIT ETF. The post Here’s what S$10,000 Will Buy You When You Buy Lion-Phillip S-REIT ETF appeared first on The Smart Investor.
Honda Motor Co said on Thursday it would reduce car output by up to 40% at two Japanese plants for the rest of October from its earlier plans, as the company battles with persistent supply chain and logistical problems. Two lines at Honda's Suzuka plant in western Japan will cut production by about 20% in October, while its assembly plant in Saitama prefecture, north of Tokyo, will lower production plans by about 40% for the month. Honda blamed delays in receiving parts and logistics on COVID-19 outbreaks and semiconductor shortages.
Mainland Chinese buyers have scooped up the biggest number of Singapore’s private apartments this year compared with other foreigners.
The current HDB mortgage loan interest rate is 2.6%, but with growing interest rates and inflation concerns, will it be adjusted? We ask Paul Wee, Vice President, PropertyGuru Finance, PropertyGuru Group what this mean for Singaporean homeowners financing their HDB flat in 2022 and beyond.
Tighter liquidity conditions, a moderation in demand from insurers and a higher Reserve Bank of India terminal rate will likely push the 10-year Indian government bond yield to 7.90-8.00%, a top Citigroup Asia executive said on Thursday. "The second half (of fiscal 2023) will be a bit more challenging (for the Indian bond market) than the first, definitely," said Badrinivas NC, managing director, head of markets of South Asia at Citi. Indian government bond auctions went through successfully in the April-September period on strong demand from insurance companies and from banks.
Singapore’s mortgage rates are nearing an affordability tipping point that may hit borrowers’ disposable income and dent buyer demand.
The offer is a premium of more than 18% over the one-month VWAP of Asian Healthcare Specialists