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Business

Singapore Press picks banks for student housing REIT IPO

KUALA LUMPUR: Singapore Press Holdings Ltd (SPH) has selected advisers to help with a planned listing of a real estate investment trust (REIT) backed by student housing that could raise at least US$300mil, according to people familiar with the matter.

Business

Ofo’s dramatic fall a warning to tech investors

SHANGHAI: On the sidewalks of Shanghai and Beijing, once bright-yellow Ofo bicycles lie in varying states of disrepair – chains unhooked, wheels buckled and paint starting to fade – reflecting the quick rise and sharp fall of the Chinese bike-sharing startup.

Business

Nine out of 10 Malaysian students work while studying: HSBC survey

KUALA LUMPUR: University student working rates are high globally at 83% and in Malaysia, nine in 10 students work whilst studying, most commonly because they need additional money (66%), according to a HSBC survey.

SMEBiz

Plentiful jobs a bonus from China’s e-sports craze

WHILE gaming is still considered by many parents to be the enemy of their children's studies, Chinese university students are being encouraged to attend e-sports courses and even find a career in the sector.

Business

Brunel University student designs plastic bags into skateboards

LONDON: Skateboarders are known for high-flying tricks, from jumping off of ramps to shooting down railings, but now one British designer is touting an environmental trick of his own, by using old plastic bags to make boards

Business

The puzzling rise of bitcoin

THE stratospheric rise in the price of bitcoin is fodder for conversation the world over.

Corporate News

'Pharma bro' Martin Shkreli heads into fraud trial

NEW YORK: Martin Shkreli, the pharmaceutical entrepreneur vilified as the "pharma bro" for raising the price of a life-saving drug by 5,000 percent, will go on trial on Monday for what U.S. prosecutors called a Ponzi-like scheme at his former hedge fund and a drug company he once ran.

Business

Wall Street little changed on weak manufacturing data

NEW YORK: Wall Street was little changed on Monday (at the opening) after data showed that US manufacturing sector’s PMI for April was at its lowest since 2009.

Business

All eyes on India’s new finance minister Jaitley

NEW DELHI: Hardened by a term in prison as a student leader and burnished by a career as a successful and urbane courtroom lawyer, Arun Jaitley, India's new finance minister, could prove an effective foil for Prime Minister Narendra Modi.