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Crystal Jade Closes Four More Outlets, Cuts 120 Jobs Ahead of Sale
Crystal Jade closes four Singapore outlets and terminates 120 workers on October 6 as receivers prepare the business for sale. Nine restaurants remain open.
Trump Administration Finalizes Healthcare Price Transparency Rules on October 7
Trump administration finalizes healthcare price transparency rules requiring insurers to post clearer pricing data and eliminate hidden negotiated rates. FTC warns hospitals of enforcement.
DBS CEO Tan Su Shan Named Her World Woman of Year 2026
DBS CEO Tan Su Shan wins Her World Woman of the Year 2026 award. The first female CEO of Singapore’s largest bank has driven DBS stock up 60% and the bank to S$200 billion market cap.
Citi Tops Global IPO Underwriting, Overtakes Goldman Sachs in 2026
Citigroup takes top spot in global IPO underwriting through September 2026, ahead of Goldman Sachs, after advising on SK Hynix $26.5B and SpaceX $86B listings.
Deluge Raises S$23.4M in SGX IPO as Fire Safety Rules Tighten October 6
Deluge raises S$23.4M in SGX IPO priced at S$0.60 per share. The fire-protection firm holds 8.3% of Singapore’s market and eyes regional expansion as Malaysia tightens fire safety rules for 9,451 buildings.
ASOS Stock Plunges 14% After Hackers Send Ransom Demand via App
ASOS shares fell 14% after hackers sent customers a ransom demand via push notification on October 6. The company says payment data was not affected and its website remains operational.
Rakuten Stock Slides as 101M Member Data Breach Claim Surfaces October 6
Rakuten denies a claim that 101 million member records are being sold on the dark web for $700. The company separately confirmed a breach of its cloud storage service affecting 15,382 accounts.
Ticketmaster Outage Strands Fans, Reignites Antitrust Debate October 6
Ticketmaster ticket transfers failed Friday, stranding fans at concerts and sports events. The outage lasted into Saturday and reignited antitrust concerns over the company’s control of live ticketing infrastructure.
Rakuten Data Sale Claim Unverified as 101M Records Surface October 6
Hackers claim to sell 101 million Rakuten member records including names, addresses, and point balances. Rakuten denies the breach. Authenticity unverified as of October 6.