Why Grab can give finger to Singapore government
Singapore market is irrelevant to Grab. SoftBank will soon increase its commitment to Grab by pouring an additional $500m into the south-east Asian ride-hailing company, after the Singapore-based firm announced it is looking to raise about $1bn before the end of the year. FT Remember Singapore’s competition watchdog has fined...
TLC sold US$65m art piece for ‘peanuts’
US$2.3m, was what CapitaLand’s subsidiary, Raffles Holding, a painting for in 2005. Now it’s worth US$65m and rumoured to be heading to The Museum of Islamic Art, Doha, Qatar. A work by Zao Wou-Ki (1920-2013) that hung in Raffles City for years and yrs (commissioned by I M Pei the architect of the place and of the Doha...
HoHoHo: StanChart gets into more trouble
StanChart is expecting a potential penalty of around US$1.5 billion from U.S. authorities for allowing customers to violate Iran sanctions. [ LINK ] StanChart hasn’t been able to clean up its dirty linen despite a 2012 deferred prosecution agreement (DPA) in which it admitted secretly moving billions of dollars through...
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