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MAS to raise deposit insurance cap to S$100,000 from April 2024
THE Monetary Authority of Singapore (MAS) will raise the maximum deposit insurance (DI) coverage per depositor to S$100,000 from S$75,000 from Apr 1, 2024.
Foodpanda lays off Asia-Pacific staff amid plans for partial sale of business
FOODPANDA is laying off an undisclosed number of employees in Asia-Pacific, while its parent company, Delivery Hero, is in talks to sell part of the 11-year-old food delivery business.
Malaysia inflation rate stable in August, in line with economists’ forecast
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MALAYSIA’S consumer price index (CPI) increased 2 per cent year on year (yoy) in August, a Department of Statistics Malaysia report indicated on Friday (Sep 22).
AFTER nearly five years of renting, Samuel Low was excited to finally leave the rental game and own a home with his wife. They had been saving up for a Housing and Development Board (HDB) resale flat, and were certain the process would be fairly smooth-sailing.
GGV Capital to split; Jenny Lee to co-head Asia investments
GLOBAL venture capital firm GGV Capital is splitting into two independent partnerships, with a Singapore-based one to cover Asia, and the other, the US.
Singapore stocks rise amid mixed regional performance; STI up 0.1%
THE Straits Times Index (STI) ended Friday (Sep 22) slightly higher after paring early losses. The STI rose 0.1 per cent or 2.01 points to 3,204.82 at the close.
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