Business

92% of Singapore investors believe companies often resort to legal but ‘creative’ accounting tactics to hide figures, according to BlackLine survey

A global survey of institutional investors commissioned by financial automation software leader BlackLine, Inc reveals that 92% of Singapore investors believe companies in their portfolio often resort to legal but ‘creative’ accounting tactics in order to attract or satisfy investors, causing investors to increase scrutiny over portfolio company financials. The survey, which covered over 760 institutional investors across the world including …

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Creative Nation to bring together more than 50 young social impact creators to champion a profitable future for businesses that brings positive societal impact

Creative Nation, a new social impact organisation, will officially be launched this coming Saturday (7 Dec) with the support of the National Youth Council of Singapore (NYC). This event will be Singapore’s first-ever youth-driven social impact convention. The Creative Nation launch, which will be held at the Marina Bay Sands Expo & Convention Centre, Cassia Ballroom, Level 3, from 11am …

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Gojek to sign MOU with Esso to deepen strategic relationship and bring greater benefits to its driver-partners

Earlier today (21 Nov), Gojek announced that it will be signing a Memorandum of Understanding (MOU) with Esso to strengthen their strategic relationship and bring greater benefits to its driver-partners. Esso, which is a brand of oil and gas company ExxonMobil Asia Pacific Pte Ltd, runs the largest network of service stations in Singapore and will continue to be Gojek’s …

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Mediacorp partners with Mothership, theAsianparent, and Popcorn to expand its digital network in Singapore

Mediacorp has announced a partnership with Singapore-based online media company Mothership, parenting site and app theAsianparent, and movies and entertainment booking service Popcorn, to broaden its digital network in Singapore as it aims to reach out to the younger audiences. The agreement will see Mediacorp as the exclusive representative for all direct and programmatic media sales in Singapore for the …

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Singtel suffers 1st quarterly loss with Bharti Airtel investment through CECA

It was reported by the media yesterday (14 Nov) that Singtel posted its first quarterly loss of S$668 million in its 2Q result ending 30 Sep (‘Singtel posts first quarterly loss of S$668m on Airtel provision‘). This was primarily due to provision made for huge losses incurred by Bharti Airtel, the Indian telco which Singtel invested in. Excluding Airtel, net …

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Amaravati project terminated due to “change in scenario”: Sembcorp

A mixed development project with the Andhra Pradesh government in its new capital city in Amaravati has been terminated due to a “change in scenario”, according to Sembcorp Industries. The Business Times reported Sembcorp as saying on Tue (11 Nov) that the costs incurred so far by the Amaravati Capital City Start-up Area project amount to “a few million dollars”, …

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DFS offers retrenched staff new severance packages following negotiations

Hong Kong-based duty free retailer DFS has offered its retrenched staff members new severance packages following multiple rounds of negotiations, according to TODAY on Wed (6 Nov). In a letter to retrenched employees, which was seen by TODAY and confirmed by several former employees of the duty free retailer, it was stated that affected staff members will now be receiving …

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SingPost to introduce new postal service categories, increase international airmail rates starting early Dec

National mail carrier Singapore Post Limited (SingPost) is set to introduce adjustments such as new postal service categories and increased international airmail rates in a bid to “meet the demands brought about by changes in Singapore’s postal landscape, including the growth of eCommerce and falling mail volumes”. In a statement on Wed (30 Oct), SingPost said that the changes, slated …

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Report: CARMA ASIA reveals Singapore’s most prominent and favourable CEOs

Earlier today (24 Oct), CARMA ASIA, the global leader in media evaluation, published a study revealing the prominence and favourability of Singapore’s top CEOs amongst local publications. The findings reveal insights including DBS CEO, Piyush Gupta having the most mentions in the media, whilst STE President and CEO, Vincent Chong was found to be most favourable. The report is a …

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