Singapore's economy ranked first in the world in a global prosperity sub-index and Asean region, while the Republic ranked 17th among 142 countries in the index released by the Legatum Institute on Monday (Nov 2).
DBS Group Holdings reported healthy earnings growth in the third quarter as net interest income jumped to a record high, with a favourable interest rate environment pushing up the bank's profit margins.
Optus, the Australian subsidiary of Singtel, has won exclusive Australian rights to the Barclays Premier League for three seasons, commencing in August 2016.
The Monetary Authority of Singapore (MAS) has approved veteran fund manager Dr Tan Chong Koay, 65, as chief executive officer and an executive director of Pheim Asset Management (Asia). Last month, The Straits Times reported that he has applied for a fund management licence and was awaiting approval.
Mubadala Development Co. and Temasek Holdings Pte's sale of Dunia Finance LLC has stalled after bids for the Abu Dhabi consumer finance firm failed to meet shareholder expectations, according to four people with knowledge of the matter.
News Corp's Australian real estate website company REA Group Ltd said it plans to buy out smaller rival iProperty Group Ltd for A$580 million (S$579 million), seizing on the target company's footprint in South-east Asia.
China's factory activity fell for an eighth straight month in October but at a slower pace as export orders showed some signs of life, a private survey showed on Monday (Nov 2), pointing to continued sluggishness in the world's second-largest economy.