Right Business: This former banker bought an island in Indonesia to build a hospitality business

Some dream of owning a private island while others llive that dream. Former banker, Andrew Dixon made his dream to create a green getaway on his own island a reality, owning two islands in Indonesia, just south of Singapore. What initially as an investment in a private weekend getaway has now deve…

Market View: Wall Street banks predict biggest China rate cuts in a decade; Intel appoints two chip veterans to board; Musk’s xAI raised US$6b in new capital; SingPost placed on CreditWatch negative by S&P; Property tycoon Gordon Tang and wife Celine offer to buy all units of Suntec Reit; Sembcorp Industries, OKH Global and more

Singapore shares opened in the red today, mirroring declines in the broader Asian region. In early trade, the benchmark Straits Times Index (STI) was down 0.4 per cent, at 3,807.9 points after 54.3 million securities changed hands in the broader market. In terms of companies to watch today, we ha…

Wealth Tracker: Why should you start investing in aged tequila

When it comes to investing in spirits, fine wines and whiskeys have long dominated headlines with their record-breaking auction prices and sought-after vintages, but there’s a new contender on the rise in the luxury drink market - aged tequila. Aged tequila is quickly becoming a compelling opportu…

Under the Radar: What is Web 3.0 mobility and where does TADA and ONiON Mobility fit in MVL’s bigger business?

You might have heard of the global ride hailing service called TADA, which was launched back in 2018, but how much do you know about its parent company MVL?  Well, this is an interesting one, because its parent MVL is actually an incentive-based blockchain mobility ecosystem, more so than a transp…

The Big Story: From decree to defeat - South Korean President up against impeachment and treason

South Korea is facing a deepening political crisis following President Yoon Suk Yeol's unprecedented declaration of martial law late Tuesday night. In a dramatic response, the opposition Democratic Party has vowed to impeach the president, moving quickly to hold a vote this weekend. However, Yoon…

Market View: Bitcoin above US$100,000 for the first time; STI rises to near record high; Fed Chair Powell on relationship with Bessent; South Korean policy makers urges calm in financial markets amid political upheaval; Robinhood Markets to set up regional HQ in Singapore and more

Singapore stocks jumped more than 1 per cent this morning, nearing a record high. As at 11:52 am, the Straits Times Index (STI) rose 1.07 per cent to 3,840.43 points after 511.58 million securities changed hands in the broader market. That put it on pace to break the last record high of 3,906.16 …

Right Business: Introducing a new era of investment deals

Auptimate is redefining fundraising for tech startups and angel syndicates by addressing the challenges of setting up and managing syndicates or Special Purpose Vehicles (SPVs). As a one-stop digital platform, it helps empowers angel syndicates, founders, and fund managers to seamlessly create and…

Wealth Tracker: What makes a jewel rare and investible?

From an auction perspective, the growth and interest in coloured diamonds are perpetually on the rise.Auctions set the price point attractively, offering an opportunity to bid for a collectible signed piece from the renowned jewellers. But how do we define collectible jewels? What’s on the seasoned…

The Big Story: Will Yoon Suk Yeol's failed martial law lead to his political downfall?

South Korean President Yoon Suk Yeol on Dec 3. declared emergency martial law in an unannounced late night address broadcast live on YTN television, which the opposition-led Parliament voted hours later to revoke. Mr Yoon is facing anger from the public, the opposition, and even from his own camp …

Market View: How South Korean President Yoon Suk Yeol’s declaration and lifting of martial law decree changes the risk profile and outlook of assets in South Korea; MarcoPolo’s 2H net profit; Gold prices ahead of US jobs data, Fed Chair Jerome Powell’s speech and more

Singapore shares began the day trading in positive territory, even as investors noted the uncertainty in the region after South Korean President Yoon Suk Yeol lifted a martial law decree he had imposed the night before.  In early trade, the Straits Times Index (STI) was up 0.2 per cent at 3,795.11…