June 18, 2026

Latest News

Ford Issues $8 Billion Debt Securities After Coronavirus Causes $2 Billion Loss

Mei Ling Tan April 21, 2020

Ford Motor Co on Friday raised $8 billion from corporate debt investors to shore up its cash reserves as the coronavirus outbreak pummeled vehicle sales and production, resulting in an…

OCBC Shutters Investors Hub During Circuit Breaker

Mei Ling Tan April 21, 2020

The bank hopes to encourage more people to stay home and comes in support of stricter social distancing measures implemented by the government to contain the spread of Covid-19. OCBC Bank’s…

Citi Appoints Investment Banking Head of Australia and New Zealand

Mei Ling Tan April 21, 2020

The American lender nabbed an ex-Deutsche Bank investment banker to lead the unit, claiming to anticipate increased fundraising and M&A activity in the second half. Alex Cartel joins, effective July 2020,…

Giordano sales drop 34.6 per cent in March quarter

Mei Ling Tan April 21, 2020

Fashion group Giordano says its March quarter sales fell by 34.6 percent as the outbreak of the coronavirus pandemic saw stores shuttered in key markets. Comparable same-store sales growth was…

Debenhams begins liquidation of Hong Kong business

Mei Ling Tan April 21, 2020

British multinational department store Debenhams has begun liquidation of its operations in Hong Kong, along with its operations in Ireland and Bangladesh. The move comes a week following filing for…

One in four Hong Kong retail stores set to close this year

Mei Ling Tan April 21, 2020

With sales decimated by the coronavirus crisis, and with little support coming from landlords, some 20,400 Hong Kong retail stores will close by year-end, according to research from the HKRMA.…

McDonald’s Singapore shuts all stores

Mei Ling Tan April 21, 2020

McDonald’s Singapore has temporarily closed all its restaurants as preventative action during the island’s “circuit breaker” period. According to a company statement, McDonald’s Singapore is suspending its restaurant operations, including…

The rising Pet Industry in Hong Kong

Mei Ling Tan April 21, 2020

The pet economy has experienced a hike over all these years in Hong Kong. It is one such industry that has raised numerous opportunities for pet businesses owing to the…

AirAsia to resume flights in Malaysia

Mei Ling Tan April 20, 2020

Low-cost carrier Airasia is set to resume local flights in Malaysia on April 29, subject to the authorities’ approval. It said yesterday it has also set to commence flights in…

HSBC Creates Coronavirus-Focused Restructuring Unit

Mei Ling Tan April 20, 2020

HSBC is forming a global restructuring team targeting corporate clients affected by the coronavirus pandemic. Patrick Nolan has been named head of client leadership to lead the new team, relinquishing…

Carousell supports Small Businesses, hawkers during Covid-19 crisis

Mei Ling Tan April 20, 2020

Classified-ad service Carousell is offering up to SG$2 million (US$1.3 million) in free advertising for nonprofits serving communities impacted by the coronavirus outbreak. Organizations in Singapore, Malaysia, Hong Kong, and…

FamilyMart Taiwan starting delivery service with Foodpanda

Mei Ling Tan April 20, 2020

FamilyMart Taiwan is partnering with the food-delivery platform Foodpanda to launch a delivery service. Starting Wednesday next week, the firm plans to offer delivery services from its 1000 outlets nationwide…

BMW Motorrad India Sales Grow By 71 Per Cent In Q1 2020

Mei Ling Tan April 20, 2020

BMW Motorrad India has shared its sales report for the first quarter of 2020, and the manufacturer managed to sell 1024 motorcycles between January and March this year. The German…

HSBC’s Pro-Dividend Shareholders Call for Regulator Intervention

Mei Ling Tan April 20, 2020

Enraged retail investors of HSBC in Hong Kong have invoked the Securities and Futures Commission in the latest development of the HSBC dividend cancellation fiasco. A 500-strong group that claimed…

Ikea calls for recommitment to climate change

Mei Ling Tan April 20, 2020

Home furnishings giant Ikea has joined an alliance of key industry and political groups in calling for a renewed commitment to long-term climate change initiatives despite the immediate urgency of…

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