The Business Times THE BUSINESS TIMES - Find latest business and financial news including analysis and opinion on top business stories, stock markets in Singapore, Asia-Pacific and global market news and more at The Business Times.

The Business Times THE BUSINESS TIMES - Find latest business and financial news including analysis and opinion on top business stories, stock markets in Singapore, Asia-Pacific and global market news and more at The Business Times.

Business AsiaOne - AsiaOne is a free access news portal delivers latest breaking news and top stories updates in Singapore, Asia Pacific and across the World.

  • ROSEN, A LEADING LAW FIRM, Encourages Bakkt Holdings, Inc. f/k/a VPC Impact Acquisition Holdings Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – BKKT, BKKT-WT, VIHAU, VIH, VIHAW
    on May 23, 2022 at 10:00 pm

    ROSEN, A LEADING LAW FIRM, Encourages Bakkt Holdings, Inc. f/k/a VPC Impact Acquisition Holdings Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – BKKT, BKKT-WT, VIHAU, VIH, VIHAWGlobeNewswireMay 23, 2022NEW YORK, May 23, 2022 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Bakkt Holdings, Inc. f/k/a VPC Impact Acquisition Holdings (NYSE: BKKT, BKKT-WT) (NASDAQ: VIHAU, VIH, VIHAW) (a) between May 7, 2021 and February 25, 2022, inclusive (the “Class Period”) and/or (b) pursuant and/or traceable to the Offering Documents issued in connection with the business combination between the Company and Bakkt Holdings, LLC (“Legacy Bakkt”) completed on or about October 15, 2021 (the “Business Combination”), of the important June 20, 2022 lead plaintiff deadline.

  • ROSEN, LEADING INVESTOR COUNSEL, Encourages Credit Suisse Group AG Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – CS
    on May 23, 2022 at 9:33 pm

    ROSEN, LEADING INVESTOR COUNSEL, Encourages Credit Suisse Group AG Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – CSGlobeNewswireMay 23, 2022NEW YORK, May 23, 2022 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Credit Suisse Group AG (NYSE: CS) between March 19, 2021 and March 25, 2022, inclusive (the “Class Period”), of the important June 28, 2022 lead plaintiff deadline. SO WHAT: If you purchased Credit Suisse securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

  • ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages AbbVie Inc. Investors to Secure Counsel Before Important June 6 Deadline in Securities Class Action – ABBV
    on May 23, 2022 at 9:30 pm

    ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages AbbVie Inc. Investors to Secure Counsel Before Important June 6 Deadline in Securities Class Action – ABBVGlobeNewswireMay 23, 2022NEW YORK, May 23, 2022 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of AbbVie Inc. (NYSE: ABBV) between April 30, 2021 and August 31, 2021, inclusive (the “Class Period”), of the important June 6, 2022 lead plaintiff deadline. SO WHAT: If you purchased AbbVie securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

  • ROSEN, NATIONAL TRIAL LAWYERS, Encourages Aurinia Pharmaceuticals Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – AUPH
    on May 23, 2022 at 9:11 pm

    ROSEN, NATIONAL TRIAL LAWYERS, Encourages Aurinia Pharmaceuticals Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – AUPHGlobeNewswireMay 23, 2022NEW YORK, May 23, 2022 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) between May 7, 2021 and February 25, 2022, inclusive (the “Class Period”), of the important June 14, 2022 lead plaintiff deadline. SO WHAT: If you purchased Aurinia securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

  • Azerion Holding B.V. and Azerion Group N.V. – Joint Press Release Publication of Azerion Holding B.V. Annual Report and Audited Financial Statements 2021
    on May 23, 2022 at 6:39 pm

    Azerion Holding B.V. and Azerion Group N.V. – Joint Press Release Publication of Azerion Holding B.V. Annual Report and Audited Financial Statements 2021GlobeNewswireMay 23, 2022Amsterdam, 23 May 2022 – Azerion has published the annual report and audited financial results for the full year 2021 of Azerion Holding B.V. (Annual Report). The Annual Report can be found at azerion.com/investors

Singapore AsiaOne - AsiaOne is a free access news portal delivers latest breaking news and top stories updates in Singapore, Asia Pacific and across the World.

  • Power bank catches fire on a train, all commuters disembark at Somerset MRT station
    by Nellie Toh on May 25, 2022 at 4:15 pm

    SINGAPORE - A power bank caught fire in an MRT train on Tuesday (May 24), resulting in commuters having to disembark at Somerset station as a precaution. In a statement on Wednesday, operator SMRT said the incident took place at around 12.10pm the day before on a north-bound train along the North-South Line. A commuter quickly helped put out the fire, said SMRT Trains president Lam Sheau Kai. "Our staff were on site to assist. As a safety precaution, all commuters disembarked at Somerset station," he said. There were no reports of commuters needing medical aid, Mr Lam added. A video posted on Facebook shows commuters exiting the train, some covering their mouths, with smoke billowing around them. The affected train was withdrawn to the depot for further checks, Mr Lam said. He added that SMRT will help the Public Transport Security Command with investigations.

  • 2 senior Grab executives quit as company rejigs unit to stem losses: Sources
    on May 25, 2022 at 10:45 am

    SINGAPORE - Two top executives at Grab Holdings' fintech business have quit, adding to other senior departures in recent months, as the Southeast Asian ride-hailing and delivery firm rejigs the key unit at the loss-making group, two sources said. Chris Yeo, who heads Grab's payments and rewards business and has been with the company for nearly six years, is leaving along with Jeffrey Goh, who leads the payments gateway business, the sources familiar with the matter told Reuters. Both Yeo and Goh worked at the Grab Financial Group's GrabFin unit, which provides digital payments, financing, insurance, rewards, and wealth management services, and is an important plank of Grab's regional growth strategy. The latest executive departures come as Grab's losses rose to $3.6 billion (S$5 billion) in 2021 from $2.7 billion a year earlier, while revenue rose 44 per cent, with investors focusing on how the firm plans to stem losses. Grab narrowed its loss in the first quarter.

  • Netizens freak out after 2 people seen dangling on Sentosa MegaZip
    by Khoo Yi-Hang on May 25, 2022 at 10:27 am

    Videos on the internet can sometimes be misleading, especially when a convincing but incorrect narrative is woven around it. In a video posted to the Singapore Reddit thread yesterday (May 24), at least two people were seen dangling in the air, manually pulling themselves along Sentosa's MegaZip as they slid down the zipline. "One of my worst fears coming true," the title of the post on Reddit read. "When you can't slide down properly on these [kinds of] rides and you have to manually pull yourself down." In the 20-second video, two people could be seen tugging the zipline as they were hanging in the air, slowly moving forward.

  • Singapore sees 2022 GDP at lower end of forecasts amid war, supply chain woes
    on May 25, 2022 at 10:11 am

    SINGAPORE - Singapore's economy expanded more than initially estimated in the first quarter but annual GDP will likely be in the lower half of the government's forecast range, officials said on Wednesday (May 25), citing war in Ukraine and supply chain disruptions. The Southeast Asian financial hub is often seen as a bellwether for global growth as international trade dwarfs its domestic economy. Gross domestic product (GDP) grew 3.7 per cent year-on-year in the first quarter, the Ministry of Trade and Industry (MTI) said, higher than the government's advance estimate of 3.4 per cent but matching analysts' forecasts in a Reuters poll. "The external economic environment has unfortunately deteriorated ... stringent measures implemented in China to contain its domestic Covid-19 outbreaks are likely to weigh on its economy and contribute to global supply bottlenecks," said Gabriel Lim, permanent secretary for trade and industry.

  • 1 dish and plain rice every meal, that's how this family fights rising food prices
    by Ching Shi Jie on May 25, 2022 at 10:02 am

    Housewife Raihan Ibrahim feels the pinch whenever she shops for groceries near her five-room HDB flat in Bedok.  Prices of groceries, lamented this 44-year-old to AsiaOne, has gone up markedly in the last few years, especially cooking oil and butter. So much so that Raihan came up with a savings hack of her own – by opting for frozen ingredients instead of the more expensive fresh ingredients to cope with rising food prices.  Besides switching to frozen ingredients, Raihan has in her arsenal a more drastic measure, by making her family of four make do with just one dish with rice for every meal.   "We are okay with that. We don’t need two to three dishes [for every meal],” she added. You see, even before the pandemic, Raihan has been doing this to cut down on her family's grocery bill.  And for good reason too, given today's climate. 

Malaysia AsiaOne - AsiaOne is a free access news portal delivers latest breaking news and top stories updates in Singapore, Asia Pacific and across the World.

  • Sss-surprise! Python sinks teeth into Malaysian man's buttocks as he games on the loo
    by Khoo Yi-Hang on May 24, 2022 at 4:45 am

    Talk about a sneak attack. A python sunk its teeth into the buttocks of a man who was gaming while using the toilet, startling him. In a Twitter post on Sunday (May 22), Sabri Tazali, 28, shared his plight with netizens, uploading photos of the snake that bit him in his home in Selangor, Malaysia. "Two months ago, my buttocks were bitten by a snake," Sabri wrote in Malay. The incident occurred on March 28, according to The Star. Recounting the incident, he said: "The snake came out of the toilet. Luckily, it didn't bite my [privates]." Dua bulan lepas bontot aku kena gigit dengan ular time aku berak. Ular tu keluar dari lubang jamban. Nasib dia tak gigit telur aku. pic.twitter.com/ABDjDkSe2Q

  • After Malaysia's NUG meeting, will Asean approach towards Myanmar shift?
    by Joseph Sipalan, Hadi Azmi on May 23, 2022 at 2:40 am

    The recent engagement between Malaysia and Myanmar's shadow administration appeared to be a push too far for Myanmar's ruling junta, which accused the senior Asean member of supporting terrorism by holding talks with representatives of Myanmar's ousted civilian leadership. In some of its most blunt remarks towards Malaysia, Myanmar's State Administration Council (SAC) - which was formed after the military's coup in February last year - criticised Malaysian Foreign Minister Saifuddin Abdullah for "violating international anti-terrorism agreements" by meeting the outlawed National Unity Government (NUG) on the sidelines of the US-ASEAN summit in Washington. Saifuddin's meeting with Zing Mar Aung, his counterpart in the NUG, was a clear departure from the policy of seeking consensus among the 10 members of Asean, of which Myanmar is also a member. But it was also not the first time Malaysia's chief diplomat had pushed the envelope in ASEAN, in response to the deadly unrest that has unfolded over the past year since the military takeover of Myanmar's government.

  • Malaysia PM under fire for picking 'empty can' as envoy to Indonesia
    by Hadi Azmi on May 20, 2022 at 2:03 am

    Malaysian Prime Minister Ismail Sabri Yaakob is facing criticism after confirming a controversial politician will be made the country’s ambassador to Indonesia, sparking calls from the opposition and public for the appointment to be revoked. The prime minister on Wednesday (May 18) said that Indonesian President Joko Widodo, or Jokowi approved of Malaysia’s decision to appoint 74-year-old Tajuddin Abdul Rahman as envoy to Jakarta. The news came as a surprise to many after rumours in November claimed the government had put Tajuddin’s appointment on the back burner. Ismail Sabri vouched for the ambassador-designate’s credentials as a “seasoned and experienced politician” despite Tajuddin’s reputation for being abrasive and uncouth. “We have agreed to appoint [Tajuddin as ambassador] and Indonesia has also agreed to it,” said Ismail Sabri. It is not clear when Indonesia had given its consent, but Ismail Sabri’s announcement came just days after he attended the US-Asean Summit in Washington, which was also attended by Jokowi.

  • Malaysian girl admitted to ICU after being made to run 30 rounds in school as punishment
    by Candice Cai on May 19, 2022 at 8:30 am

    A class punishment took a near-fatal turn for one teenage girl, after she and her classmates were made to run 30 rounds at school. The girl was rushed to hospital after feeling unwell and was subsequently admitted to the Intensive Care Unit (ICU). The incident happened at Foon Yew High School in Kulai, Johor on May 11. According to China Press, the teacher had punished the whole class as one of them did not complete their homework. The students were allegedly made to run 30 rounds around the volleyball court with their masks on. After 15 rounds, the girl felt ill and was allowed to walk the remaining rounds. Once she got home, however, her heart rate accelerated rapidly and she was rushed to hospital, where her heart rate measured 200bpm and she reportedly went into shock. In a Facebook post that has since been deleted and reposted online, the girl's mother indicated that the school had brushed her off when she wanted to discuss the incident after several days had passed.

  • 'Cakes and cash' feature in rare Malaysia TV debate between 1MDB-tainted ex-PM Najib and opposition leader Anwar
    by Hadi Azmi on May 14, 2022 at 2:40 am

    Badminton-crazy Malaysia would have normally been riveted to a live broadcast of a Thomas Cup fixture against long-time rivals India. But as the men’s team battled, and was eventually defeated, on Thursday night, the country’s attention was elsewhere, with social media buzzing over the highly anticipated and much-watched US-style ‘grand debate’ between scandal-haunted ex-prime minister Najib Razak and opposition leader Anwar Ibrahim. Observers dubbed the televised war of words to be one of the most high-profile public appearances for Najib since his stunning defeat in 2018’s election, which was followed by his 2020 conviction in the first of several cases linking him to the multi-billion dollar 1MDB investment fund corruption scandal. He received a 12-year jail sentence but is currently on bail pending an appeal to the country’s highest court.

 

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