Temasek warns of fake agents in China selling fraudulent investments

Temasek Holdings Issues Warning about Scammers Impersonating the Company in China Singapore’s Temasek Holdings has issued a warning about scammers posing as representatives of the company’s office in Shenzhen, China. The scammers are allegedly trying to sell financial investment products or instruments to unsuspecting individuals. In a statement released on Wednesday, Temasek stated that the…

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Hyundai Motor begins construction on electric vehicle plant with 200,000 annual production capacity.

Hyundai to Invest $1.51 Billion to Build EV Factory in Ulsan Hyundai is set to invest 2 trillion won ($1.51 billion) in the construction of a massive 548,000-square-meter EV factory in Ulsan, South Korea, located about 300 kilometers southeast of Seoul. This will be Hyundai’s first domestic manufacturing plant in 29 years, following the construction…

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DBS surpasses quarterly profit expectations in Q3 2023 earnings

DBS Group, the largest lender in Southeast Asia, announced a 17% increase in third-quarter profit, driven by a high-interest rate environment. The bank’s net profit for the quarter reached 2.63 billion Singaporean dollars ($1.94 billion), surpassing analysts’ estimates. Compared to the same period last year, this represents a substantial jump from SG$2.24 billion. DBS also…

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