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Grab will invest $700 mln in Indonesia in race against Uber, Go-Jek

The ride hailing company also said it will hire 150 engineers for its Jakarta research center by 2019. Feb 2, 2017

Singapore wealth fund GIC acquires Wall Street tower for $1.48 bln

The 47-storey office tower of 1.6 million sqft is located 60 Wall Street. Jan 25, 2017

Blackstone, Warburg Pincus and Chinese group in fray to take over Global Logistics – Report

Singapore's state investment firm GIC holds 37 percent in the warehouse company in GLP. Jan 13, 2017

Ambition or PR gambit? Alibaba's Jack Ma pledges to become biggest employer in US

The office of the US Trade Representative put Alibaba's electronic sales platform Taobao on a blacklist last month. Jan 11, 2017

McDonald's sells controlling stake in China, Hong Kong business

Offloading of restaurants will help McDonald's go light on operations while keeping a cut of the sales. Jan 9, 2017

Falcon Bank manager charged in Singapore over 1MDB money laundering

Swiss national Jens Fred Sturzenegger plans to plead guilty to charges. Jan 5, 2017

Singapore: Inchcape to sack 120 workers amid gloomy economic outlook

It is also reported that the company is likely to move its finance and IT functions out of Singapore Dec 30, 2016

Korean ship builders to be in choppy waters until oil climbs back into $70 levels

Debt pile is the biggest in 20 years and there are doubts if shipbuilders like Daewoo, Samsung and Hyundai will be able to avoid default. Dec 24, 2016

Deutsche Bank to pay $7.2 bln to settle US Justice Department investigation

Deutsche Bank will pay a $3.1 billion in penalty and 4.1 billion in relief to consumers under deal with DoJ. Dec 23, 2016

Ex-BSI banker Yeo Jiawei sentenced to 30 years in jail over 1MDB scandal

Yeo Jiawei was accused of brokering illegal transactions involving 1MDB funds and trying to influence witnesses in the case. Dec 22, 2016

Singapore: Director of TAC Contracts jailed 30 months for corruption

Ling was found guilty of giving corrupt payments to his clients after his company secured jobs with them. Dec 22, 2016

Etihad cuts jobs in cost reduction drive as Gulf carriers face long-haul blues

Etihad says there will be "a measured reduction of headcount in some parts of the business." Dec 20, 2016

Yahoo reveals new hack exposed 1 bln user accounts; Verizon says integration is on

The latest data breach revelation gives Verizon more room to push for a better deal with Yahoo. Dec 15, 2016

Singapore sees higher number of M&A deals in 2016 but deal values plummet

The rise in deal volumes in Singapore was mainly driven by the rise in transactions done by state wealth funds GIC and Temasek Holdings Dec 14, 2016

Honda invests in SE Asian ride hailing service Grab in latest funding round

Grab, which has over 24 million app downloads, is facing rough competition in Indonesia from local player Go-Jek. Dec 12, 2016
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