Bizview: Today's top business news

Singapore among top 20 nations in global prosperity index, its economy is no. 1

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 beats expectations as net profit rises 6% in third quarter on strong profit margins

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.

Singtel unit Optus wins rights to three seasons of English Premier League

Optus, the Australian subsidiary of Singtel, has won exclusive Australian rights to the Barclays Premier League for three seasons, commencing in August 2016.

Tan Chong Koay gets MAS approval as fund management CEO

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, Temasek sale of Abu Dhabi finance firm said to stall

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 property website to buy out rival for S$579 million to gain Asia presence

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 output shrinks again in October, but shows some signs of life: Survey

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.