‘Strive and Rise’: Deloitte Foundation Hong Kong uplifts youth for brighter futures

HONG KONG, Sep 23, 2022 – (ACN Newswire via SEAPRWire.com) – Deloitte Foundation Hong Kong has donated HKD1 million to support the Hong Kong SAR government’s Strive and Rise Programme, launched timely to address intergenerational poverty by helping underprivileged children, particularly those living in subdivided accommodation, realize their potential. In addition to a financial contribution, […]

Starfish Partners Acquires Direct Recruiters Inc (DRI)

PLANO, Texas, September 14, 2022 – (SEAPRWire) – Starfish Partners, an international investment and ownership platform for niched professional and mid-to-upper management search specialists, is proud to announce the acquisition of Direct Recruiters Inc. (DRI). Current Starfish Partners organizations include search firms Kaye/Bassman International Corporation (KBIC), Full Spectrum Search Group, the Sanford Rose Associates International (SRAI) network, and […]

MAS regulation should not be seen as safety net for retail crypto investors

SINGAPORE – The recent crypto market turmoil which claimed US$2 trillion (S$2.8 trillion) in market value and drove investors into panic-selling mode has since forced some crypto firms to halt withdrawals and seek protection from the Singapore courts. Retail investors are now crying foul against these firms for suspending their crypto assets, with some calling […]

Singapore expects more US-listed Chinese firms coming to its shores: SGX CEO

SINGAPORE (BLOOMBERG) – Singapore Exchange (SGX) sees more listings in the coming months by Chinese issuers that already trade American depository receipts, even as it grapples with delayed deals amid a global valuation slump. Following Nio’s technical listing in May, investors can expect others to follow suit, chief executive officer Loh Boon Chye said in an […]

China orders audit of $4 trillion shadow banking industry amid mortgage crisis

BEIJING (BLOOMBERG) – China’s top auditor is conducting a review of the US$3 trillion (S$4 trillion) trust industry, paving the way for a potential overhaul of a key shadow banking sector where losses on property loans are mounting. In an unscheduled move, the National Audit Office – which previously led an examination of bank exposures […]

Singapore manufacturers turn gloomy on outlook for first time since 2020

SINGAPORE – Singapore manufacturers turned negative on business prospects for the first time since 2020, though firms in the services sector stayed positive as global travel resumed and Covid-19 curbs lifted, according to separate surveys released on Friday (July 29). For manufacturers, “global uncertainties have increased amidst supply chain challenges, operating cost pressures, Covid measures […]

Singapore’s Big Four accounting firms offer higher pay to keep talent

SINGAPORE (BLOOMBERG) – The Big Four accounting firms are showering staff with pay increases in Singapore, where an acute labour shortage is driving a fierce contest for talent. PricewaterhouseCoopers and Deloitte lifted base salaries starting from July 1, according to internal documents from the two firms reviewed by Bloomberg News. Ernst & Young had an […]