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November 9, 2017 9:25 AM Deutsche Telekom CEO: T-Mobile U.S. can stand alone but open to consolidation

FRANKFURT - Deutsche Telekom CEO Tim Hoettges said its T-Mobile US unit was ideally positioned for an independent future after the failure of merger talks with Sprint Corp , but left the door open to consolidation. "It was right to make an attempt. But it is just as right for T-Mobile US to continue now along its own path," Hoettges told a conference 708

November 1, 2017 10:44 PM Facebook crushes Q3 earnings but warns that future profit will slow

Facebook blew past Wall Street's third-quarter financial targets on Wednesday but cautioned that future profitability will be impacted by increased investments around its efforts to fight fake news and abuse. The increasing spending, which Facebook executives elaborated on during the conference call with analysts on Wednesday, drove Facebook's shares 245

October 31, 2017 3:22 PM Negligence by SMRT crew tantamount to criminal offence, analyst says

SINGAPORE — The negligence of the SMRT crew responsible for the maintenance of a water pump system borders on a criminal offence, Dr Park Byung Joon said. The urban transport expert from the Singapore University of Social Sciences was commenting on the preliminary findings of rail operator SMRT’s internal investigation into the flooding of MRT train 203

October 30, 2017 12:45 PM Goldman CEO has high hopes for London HQ post-Brexit, much outside his control

LONDON - Goldman Sachs chief executive Lloyd Blankfein expects to fill up the firm's new European headquarters which is currently under construction in London, but said Britain's exit from the European Union leaves much outside the bank's control. "In London. GS still investing in our big new Euro headquarters here. Expecting/hoping to fill it up, but so much outside 179

October 30, 2017 6:28 AM 4,000 jobs in finance, fintech to be created annually

SINGAPORE: Despite a better performance compared to other sectors in a sluggish economy, the financial services sector in Singapore has set itself a new and ambitious benchmark - achieving better productivity, a higher growth than the overall economy and creating thousands of jobs each year up to 2020. Board member of the Monetary Authority of Singapore 193

October 30, 2017 3:36 AM Malaysian Budget 2018: Why SMEs cannot afford to be left behind

Prime Minister Datuk Seri Najib Tun Razak (pictured) has announced that a sum of RM280.25 billion will be allocated for the 2018 Budget, according to The Star. Moreover, RM83.5 million being set aside to construct infrastructure for the first phase of the Digital Free Trade Zone (DFTZ) in Aeropolis, Kuala Lumpur International Airport (KLIA). In his Budget 168

October 26, 2017 4:16 PM Yang Kee expands with Fliway

According to Yang Kee, the acquisition is conditional on the approval of Fliway's shareholders and the high court. The agreement follows Yang Kee's acquisition of Australian logistics company Axima in March this year. "It is part of our vision to strengthen our presence in Oceania as we go global," said Ken Koh, group ceo of Yang Kee. "New Zealand has a stable 185

October 26, 2017 12:45 AM OCBC's Q3 net profit rises 12%

SINGAPORE: Oversea-Chinese Banking Corporation (OCBC), Singapore’s second-largest lender, said on Thursday (Oct 26) its net profit for the third quarter rose 12 per cent from a year earlier to S$1.06 billion. That compares with the S$1.01 billion average forecast in a Bloomberg survey of seven analysts. OCBC - the first of Singapore’s three lender to report 174

October 25, 2017 11:40 PM OCBC Q3 profit rises 12% to $1.06b, beating forecasts

SINGAPORE - The first of Singapore's Big Three banks to announce third quarter results, Oversea-Chinese Banking Corporation (OCBC Bank), smashed forecasts with a 12 per cent jump in net profit to S$1.06 billion from S$943 million a year ago. Analysts polled by Bloomberg had tipped a 1.2 per cent rise in earnings to S$974 million. Net profit after tax for the first 170

October 25, 2017 9:05 AM VW CEO says unaware of price fixing in cartel investigation

STUTTGART, Germany - Volkswagen has no information that price fixing was part of the alleged collusion between German carmakers, chief executive Matthias Mueller said. The European Commission on Monday widened an investigation and searched the premises of Volkswagen (VW) and Daimler on suspicion they had conspired to fix prices in diesel and other 165