Singapore 

In Good Company at Jewel Changi airport houses a gelato boutique, Singapore News

This year’s biggest mall opening that everyone has been eagerly anticipating is right around the corner – Jewel Changi opens this Wednesday, 17 April 2019. Right at the heart of the mall, you’ll find a space filled with lush greenery, as well as a mesmerising indoor waterfall that stands at 40 metres tall. Apart from crowd-pleasing dining options like Shake Shack and A&W, Jewel Changi is also home to several retail stores including Zara, Adidas and Muji.  The newest In Good Company branch at Jewel Changi Airport is their third…

Read More
Singapore 

Nas Daily arrives in Singapore to set up home and company, Singapore News

Popular travel video blogger Nas Daily landed in Singapore on Wednesday (April 17) with girlfriend and fellow video blogger, Alyne Tamir, 28. Nuseir Yassin, popularly known as Nas, had said on March 20 that he and his company, Nas Daily Corporation, would be moving to Singapore to set up a new company, the Nas Daily Media Company. The New Paper greeted them at the Terminal 2 arrival hall where they were all smiles despite spending a total of 20 hours in the air. They had flown on Singapore Airlines from…

Read More
Home 

CK Hutchison controlled biopharmaceutical company Chi-Med applies to list in Hong Kong

Hutchison China Meditech, or Chi-Med, a biopharmaceutical company specialising in cancer and immunological drugs controlled by Hong Kong conglomerate CK Hutchison Holdings, has applied to list on the city’s stock exchange through a flotation comprising Hong Kong and global offerings.CK Hutchison, which currently holds a majority 60.2 per cent stake, plans to reduce its shareholding to below 50 per cent, as this will allow the deconsolidation of Chi-Med numbers into its financial statements… Source link

Read More
Home 

Uber CEO acknowledges self-inflicted wounds as company reveals strong growth, huge losses ahead of listing

Uber is providing a look into its business in the lead-up to its hotly anticipated debut on the stock market, revealing strong growth but an ongoing struggle to overcome huge losses and repair its reputation.Documents released overnight on Thursday offered the most detailed view of the world’s largest ride-hailing service yet. The massive filing shows Uber has been generating the robust revenue growth that entices investors, but also racked up about US$8 billion in losses over its 10 years in… Source link

Read More
Home 

Xiaomi founder Lei Jun earned almost as much as the company last year but pledged to donate it to charity

The founder of Chinese smartphone maker Xiaomi Corp received almost as much in compensation last year as the company made in profit.Xiaomi said in a filing to the Hong Kong stock exchange on Wednesday that Lei Jun, its chairman and chief executive, received a one-off compensation of 636.6 million B-class shares for 2018, currently valued at HK$7.5 billion (US$956 million) based on Tuesday’s closing share price.Xiaomi’s annual adjusted net profit for 2018 was 8.6 billion yuan (US$1.3 billion),… Source link

Read More
Home 

Former Nissan boss Carlos Ghosn hit with fourth Japan arrest warrant, for ‘buying family yacht with company cash’

Tokyo prosecutors served a fourth arrest warrant against former Nissan Motor Co. Chairman Carlos Ghosn on Thursday, this time for alleged misuse of the automaker’s funds, sources close to the matter said.The prosecutors are investigating another allegation of aggravated breach of trust against Ghosn in connection with the use of part of 3.5 billion yen (US$31 million) paid to an Omani distributor since 2012 as sales incentives from Nissan’s so-called CEO reserve, a pool of funds Ghosn could use… Source link

Read More
Home 

CK Asset is no longer a pure property company, a year after Victor Li takes over the flagship’s from ‘Superman’ dad

Victor Li Tzar-kuoi had a surprise for shareholders last month when he announced the 2018 earnings of the flagship company founded by his father: he paid the highest dividend growth among Hong Kong’s listed property developers.For CK Asset Holdings, the record payout – even if its core profit missed consensus estimate – was the culmination of a three-year restructuring that transformed one of the city’s best-known developers into one of Asia’s largest conglomerates, with operations spanning… Source link

Read More
Home 

This Temasek-backed company has a strategy to help China’s state hospitals compete in the data economy

Haici Network Technology wants to help China’s state-run hospitals compete against online medical consultation and services platforms.The Guangzhou-based company, founded five years ago, believes it can help stem the flow of doctors and patients defecting to Ping An Good Doctor, WeDoctor and other online platforms.“Our platforms and software enable hospitals to provide more efficient and convenient services before, during and after hospital visits,” founder and chief executive Min Neng told the… Source link

Read More
Singapore 

Town council ex-GM and company director plead guilty to corruption charges, Singapore News

SINGAPORE – For over two years, a town council’s general manager was treated to KTV sessions – including alcoholic drinks, tips for staff and flower garlands for lounge singers – by a director of two construction companies. Wong Chee Meng, 59, also received other bribes from Chia Sin Lan, 63, such as a $13,500 discount on a used car and financial transfers totalling close to $27,800 to his mistress in China. In exchange, Wong used his position as the general manager of Ang Mo Kio Town Council (AMKTC) to influence…

Read More
Home 

Apple's reinvention as a services company to start for real when CEO Tim Cook takes the stage on Monday

When Apple boss Tim Cook takes the stage at the Steve Jobs Theatre in Silicon Valley on Monday, he will usher in a new era for the world’s largest technology company.The chief executive is expected to unveil streaming video and news subscriptions, key parts of Apple’s push to transform itself into a leading digital services provider. The company may even discuss a monthly video games subscription. Likely absent from the event: Any new versions of the gadgets that have helped Apple generate… Source link

Read More