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Bloomberg.com

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  • Singapore's first Michelin guide launches - with just one three-star restaurant

    There's Only One Three-Star Restaurant in Singapore's Debut Michelin Guide

    bloomberg.com 22 Jul '16, 4am

    The tiremaker and publisher handed out its top accolade to just one establishment on Thursday — French celebrity chef Joël Robuchon’s eponymous restaurant . It was the first time that the Southeast Asian city’s dining scene faced the anonymous scrutiny of Michelin’s inspectors, who ra...

  • business: Hermes sales trounce estimates on demand for Birkin bags

    Hermes Sales Trounce Estimates on Demand for Birkin Bags

    bloomberg.com 21 Jul '16, 6am

    Hermes International SCA solidified its status as the luxury industry’s go-to label, proving that customers are willing to ignore growing economic uncertainty and spend thousands of dollars on must-have leather handbags. Sales rose 8.1 percent excluding currency shifts, Paris-based He...

  • Temasek offers S$1.18 billion to buy rest of Singapore's SMRT

    Temasek Offers S$1.18 Billion to Buy Out Singapore’s SMRT -

    bloomberg.com 20 Jul '16, 10am

    Singapore state investment firm Temasek Holdings Pte offered S$1.18 billion ($869 million) to buy out SMRT Corp. as the nation’s biggest subway operator undergoes a reform after multiple service disruptions in the past few years. The offer values the company at S$2.565 billion, Temase...

  • Louis Vuitton is getting into perfume

    Thanks to Louis Vuitton You Can Soon Smell Like Your Handbag

    bloomberg.com 21 Jul '16, 3am

    After years of persuading well-heeled shoppers to carry monogrammed luggage and wear luxury clothing, Louis Vuitton is targeting how they smell. In September, the label, owned by French conglomerate LVMH, will begin stocking its 473 stores with perfumes, including at least one infused...

  • via @technology

    Asia Embraces Bullet Trains as Singapore-Malaysia Deal Looms

    bloomberg.com 18 Jul '16, 10pm

    Asia is embracing bullet trains like never before. Singapore and Malaysia are set to sign an agreement Tuesday that will bring a high-speed rail link to Kuala Lumpur one step closer to reality. That follows a $5.5 billion project already underway in Indonesia while India last year cho...

  • Singapore Office Rents Decline at Faster Pace as Demand Drops

    bloomberg.com 22 Jul '16, 2am

    Singapore office rents declined at a faster pace in the second quarter as an oversupply and weak demand curbed prices sought by landlords. A gauge of office rents fell 3.5 percent in the three months ended June, data Friday from the Urban Redevelopment Authority showed. That’s more th...

  • Singapore Puts 1MDB-Linked Banks on Notice: We’re Not Done -

    bloomberg.com 21 Jul '16, 6pm

    Singapore’s central bank, which on Thursday singled out banks including UBS Group AG for lapses related to Malaysia’s scandal-riven investment fund, also put other financial firms on notice that it isn’t done probing the sector. In a statement Thursday, the Monetary Authority of Singa...

  • Temasek Said to Weigh Buyout of Singapore Subway Operator SMRT

    bloomberg.com 18 Jul '16, 4am

    Singapore state investment company Temasek Holdings Pte is considering a buyout offer for SMRT Corp., the city-state’s biggest subway operator, a person with knowledge of the matter said. Temasek is weighing an offer to buy all the shares it doesn’t already own in SMRT, according to t...

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