camila

camila September 12, 2021

SINGAPORE – There are plenty of cautionary tales about mishaps in the financial world but few come with a price tag of $670,000 plus tens of thousands of dollars in legal fees. This sorry saga began in 2017 when a bank customer, Mr Andy Poh, plunged headlong into an investment on the recommendation of a […]

camila September 12, 2021

SINGAPORE – A bank relationship manager can sell or recommend only products of his employer and cannot act for other unrelated parties unless he has obtained prior approval from the regulator. The excuse that he is doing so in his own time will not wash either because the mere act of advising others on investment […]

camila September 12, 2021

(NYTIMES) – Investment company Nuveen has spent US$120 million (S$161 million) renovating its office tower in midtown Manhattan, overhauling the lobby, devoting the second floor to amenities and refurbishing a 22nd-floor terrace. And the finishing touch? Two beehives on a seventh-floor terrace. All these are done with the hope of getting workers back to their […]

camila September 11, 2021

NEW YORK (AFP) – US shares closed lower on Friday (Sept 10) for the fourth straight day, with major indices posting losses for the week amid worries about a slowing recovery and rising prices. While Wall Street equities remain near their all-time highs, investors are grappling with worries over the impact of the Delta variant […]

camila September 10, 2021

HONG KONG (BLOOMBERG) – Hong Kong plans to curb access for retail investors to buy and trade blank-cheque companies as regulators in the city prepare to roll out a framework this month. The city will propose to only allow what it deems as professional investors with assets of more than HK$8 million (S$1.38 million) to […]

camila September 10, 2021

KUALA LUMPUR (REUTERS) – Malaysia’s Top Glove Corp said on Friday (Sept 10) it has been allowed to resume sales to the United States, after customs authorities lifted a year-long ban imposed for alleged forced labour found at the world’s largest medical glove maker. The US Customs and Border Protection (CBP) had banned gloves made by […]

camila September 10, 2021

SYDNEY (REUTERS) – Crown Resorts’ auditor has warned that numerous money-laundering probes into the Australian casino operator and the impact of the Covid-19 pandemic cast “material” uncertainty over the company’s ability to continue as a going concern. Crown has been embroiled in legal battles and scandal since allegations of money laundering at its Melbourne casino […]

camila September 10, 2021

MUMBAI (AFP) – Ford will stop manufacturing cars in India and expects to record a US$2 billion (S$2.69 billion) restructuring charge after failing to find a “sustainable path” forward, the American auto giant said on Thursday (Sept 9). The announcement is the latest blow to Prime Minister Narendra Modi’s efforts to urge foreign businesses to […]

camila September 10, 2021

WASHINGTON (AFP) – Feeling sluggish at work? Poor ventilation and pollution might play a part. A new study by scientists at Harvard has found that the air quality inside an office can have a significant impact on employees’ cognitive function, including response times and ability to focus. “We have a huge body of research on […]

camila September 10, 2021

HONG KONG (BLOOMBERG) – Tencent Holdings and Netease shed more than US$60 billion (S$80.6 billion) of value as investor fears grow that Chinese regulators are preparing to tighten their grip dramatically on the world’s largest gaming industry. Chinese regulators summoned industry executives to a meeting on Wednesday (Sept 8) to instruct them to break their […]

camila September 10, 2021

SHANGHAI (BLOOMBERG) – If nothing else, Chinese President Xi Jinping is known for his pursuit of order. So how far the Chinese President’s attack on the “disorderly expansion of capital” will go has emerged as a defining question for investors trying to navigate the country’s wave of regulatory crackdowns. Since first appearing in a Politburo […]

camila September 10, 2021

NEW YORK (AFP) – Wall Street stocks ended lower again on Thursday (Sept 9) as markets weighed better employment data against uncertainty over United States monetary policy and US President Joe Biden’s infrastructure package. US jobless claims dropped for a second straight week, hitting a new pandemic low and getting closer to their level before […]

camila September 9, 2021

BEIJING (REUTERS) – China’s factory gate inflation hit a 13-year high in August, as commodity prices remained elevated despite Beijing’s attempts to cool them. The producer price index (PPI) rose 9.5 per cent from a year earlier in August, the National Bureau of Statistics (NBS) said on Thursday (Sept 9), faster than the 9.0 per […]

camila September 9, 2021

HONG KONG (REUTERS) – Asian shares dropped on Thursday (Sept 9), while the dollar held firm, in line with a cautious global mood as investors worried about the combination of slowing global growth and the potential tapering of central bank stimulus. The European Central Bank is particularly in focus, with analysts expecting it to announce […]

camila September 9, 2021

SINGAPORE – When Covid-19 emerged in March 2020, the regulatory authorities here fast-tracked legislation in April to allow listed companies to hold their annual general meetings (AGMs) either virtually or in hybrid fashion. Now, with more than a year’s worth of experience, it is perhaps timely to take stock, discuss the lessons learnt and highlight areas […]

camila September 9, 2021

SINGAPORE (THE BUSINESS TIMES) – Singapore-headquartered TDCX, which provides digital customer experience (CX) services, has filed for an initial public offering (IPO) on the New York Stock Exchange (NYSE), with an offering of American depositary shares. Online trading platform Capila.com reported that the IPO would be worth up to US$400 million (S$538.7 million) . Founded […]

camila September 9, 2021

SINGAPORE (THE BUSINESS TIMES) – Durian distributor Nutryfarm Internationalwas on Wednesday (Sept 8) issued a notice of compliance by Singapore Exchange Regulation (SGX RegCo) to appoint an independent reviewer to investigate two issues. The first is regarding a significant refundable deposit of HK$91.4 million (S$15.8 million) made in relation to the proposed acquisition of tech […]

camila September 9, 2021

HONG KONG (BLOOMBERG) – Hong Kong’s economy is expected to catch up with rival financial hub Singapore’s pace of expansion this year for the first time since 2008, as it recovers from a pandemic-induced downturn. Economists have raised their growth forecasts for Hong Kong by 0.7 percentage points to 6.7 per cent this year, while […]