Tag: Singapores

Singapore’s New PM Needs to Make Fighting Inflation Top Priority

(Bloomberg) — Singapore’s Lawrence Wong will need to make fighting inflation his top priority after taking office as prime minister next month, according to most economists in a Bloomberg survey. Most Read from Bloomberg Cost of living remains the most important concern for Singaporeans, with core inflation still elevated, nine of the 12 respondents said […]

Singapore’s prime minister will step down on May 15th

Singapore’s prime minister Lee Hsien Loong will step down on May 15, with his deputy Lawrence Wong in line to take over, his office said. Mr Lee (72) will formally advise the city-state’s president to appoint Mr Wong, who is currently deputy prime minister and finance minister, to succeed him, his office said in a […]

Billionaire Courted Singapore’s Political Elite. It Backfired.

(Bloomberg) — Ong Beng Seng has a penchant for schmoozing with the elite. That’s led him to business partnerships with actor Sylvester Stallone and Saudi Prince Alwaleed bin Talal, while his decades-long friendship with Formula One supremo Bernie Ecclestone has been credited with bringing the night race to Singapore. Most Read from Bloomberg Now Ong’s […]

Hillhouse, Mitsui vying for Singapore’s Eu Yan Sang in $700 million deal

By Kane Wu and Yantoultra Ngui HONG KONG/SINGAPORE (Reuters) -Hillhouse and Japan’s Mitsui & Co have emerged as final bidders vying for Singapore-headquartered traditional Chinese medicine chain Eu Yan Sang International, in a deal that could fetch over $700 million, two people with knowledge of the matter said. Eu Yan Sang’s shareholders, led by Singapore-based […]