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Singapore now world’s second-largest shark fin trader

Despite various moves here in recent years, such as hotels removing shark’s fin from their restaurant menus, for example, Singapore has moved up the ranks to become the world’s second-biggest trader of the product, a report has found. Traffic, a wildlife-trade monitoring network, and the World Wide Fund for Nature (WWF), which published the report, […]

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GM to cut jobs in international HQ in Singapore: source

[SINGAPORE] General Motors Co will slash headcount in its international headquarters in Singapore as part of its efforts to reduce exposure to unprofitable and unpromising markets. GM International – which oversees markets such as India, Southeast Asia, and South Korea, among others – will reduce its staff to about 50 from 180 by the year […]

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Singapore state fund takes direct stake in BPI

MANILA, Philippines – GIC Private Ltd. of Singapore now has a direct stake in Ayala-led Bank of the Philippine Islands (BPI) more than three years after it acquired a stake in the country’s third largest lender.  Liontide Holdings Inc., formerly Ayala DBS Holdings Inc., transferred 46.63 million shares worth P4.56 billion last May 11 through […]

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