<div class=newsTextDataWrapInner>SINGAPORE (Jan 5): Top executives from Lazada, including Singapore-based chief customer care officer Brigitte Daubry, are among those affected by layoffs at Lazada, according to people familiar with the matter.</div>

<div class=newsTextDataWrapInner>The Edge Singapore&nbsp;understands that Lazada has let go of all its chief marketing officers in various countries.</div>

<div class=newsTextDataWrapInner>In addition, a fifth of Lazada's Malaysia staff have been let go, including the country’s chief executive officer and its chief logistics officer.&nbsp;</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Lazada has also shut down LazMall in Vietnam. Launched in 2018, LazMall hosts<a href="https://www.theedgesingapore.com/news/digital-economy/lazada-lets-go-c-suites-including-malaysia-ceo-ex-staff-five-lazadas-six" target="_blank">...(click here for the full story on theedgesingapore.com).</a></div>

SINGAPORE (Jan 5): Top executives from Lazada, including Singapore-based chief customer care officer Brigitte Daubry, are among those affected by layoffs at Lazada, according to people familiar with the matter.

Lazada lets go of C-suites; ex-staff in five of Lazada's six markets sharing CVs online

(Dec 24): Mainland Chinese investors snapped up a record amount of Hong Kong stocks as they ramped up exposure to risk assets in the city amid a revival of animal spirits and a weakening yuan.

Traders in Shanghai and Shenzhen bought HK$778 billion ($100 billion) of stocks in the fi...

Chinese investors buy record amount of Hong Kong stocks via Link

Permodalan Nasional Bhd’s (PNB) wholly owned unit trust management company, Amanah Saham Nasional Bhd (ASNB), has declared a total income distribution of 5.75 sen per unit for Amanah Saham Bumiputera (ASB) for the financial year ending Dec 31, 2024 (FY2024).

PNB declares 5.75 sen per unit income distribution, RM10.1b payout for ASB

(Dec 24): Donald Trump hinted he still wants to buy Greenland, a self-ruling territory of Denmark, saying that US ownership and control of the island is an “absolute necessity” for national security.

The US President-elect reopened a debate from 2019, when he offered to buy what is the ...

Trump reiterates he wants to buy Greenland for US security

British confectionery giant Cadbury has lost its status as supplier to the British Royal Family after 170 years and six monarchs, reported Sputnik/RIA Novosti, citing the Daily Mail.

Candy maker Cadbury loses royal supplier status after 170 years — reports

Japan rolled out more warnings against speculative yen movements as the currency continues to show weakness ahead of two potentially market-moving central bank events this week.

Japan rolls out more yen warnings as market liquidity thins

BYD Co has severed ties with a construction firm after Brazilian authorities halted construction of a new electric vehicle (EV) plant where workers were found working and living in “slavery”-like conditions.

Brazil halts BYD site after workers found in ‘slave’ conditions

Honda Motor Co’s shares climbed over 17%, the most since August, after the carmaker said it would repurchase up to ¥1.1 trillion (US$7 billion or RM28.58 billion) in shares by next December, ahead of a deal that amounts to an acquisition of ailing peer Nissan Motor Co.

Honda shares jump 17% as buyback eases concern over Nissan deal

Malaysia’s utilities stocks still have room to run as electricity demand surges from the proliferation of data centres and electric vehicles, Apex Securities said and told investors to "overweight" the sector.

Utilities stocks still have room to run as electricity demand surges, Apex joins coverage with 'overweight' call

The High Court has dismissed Muar Member of Parliament Syed Saddiq Syed Abdul Rahman's leave (permission) application to commence legal action against Prime Minister Datuk Seri Anwar Ibrahim and the government over RM730,300 in allocations for his constituency.

Court dismisses Syed Saddiq's bid to mount legal challenge on unpaid MP allocations

The new frontiers facing the world today are, firstly, tantamount to a historical crossroads for humanity. They are that significant. Secondly, they are most cogently considered as philosophical and anthropological, as well as geopolitical and geo-economic. And by that, I mean to denote more than...

Picking On The Present: Historical task of realising a global human community has just begun

Singapore forged ahead with efforts to formulate a digital-assets hub in 2024, while rival financial center Hong Kong has struggled to gain traction.

Singapore pulls ahead of Hong Kong in race to be crypto hub

Corporate services provider Amicorp Group has denied allegations it knowingly facilitated more than US$7 billion (RM31.43 billion) in fraudulent transactions related to the misappropriation of funds from scandal-hit Malaysian state fund 1Malaysia Development Bhd (1MDB).

Amicorp Group denies alleged fraud of over US$7b in 1MDB scandal

The High Court has dismissed Muar Member of Parliament Syed Saddiq Syed Abdul Rahman's leave (permission) application to commence legal action against Prime Minister Datuk Seri Anwar Ibrahim and the government over RM730,300 in allocations for his constituency.

Stocks in Asia traded in tight ranges amid relatively thin holiday trading after a rally in some of the world’s largest technology companies boosted US benchmarks.

Asian stocks in narrow ranges after US tech boost

Taiwan Semiconductor Manufacturing Co (TSMC) shares touched a record high, as the world’s largest contract chipmaker is poised to cap its best annual stock performance in 25 years.

TSMC shares touch record high, eyeing best year since 1999 on AI

China’s real estate woes look set to get worse before they get better, raising the prospect of a miserable year for property shares despite a recent bounce.

China’s property stock rebound faces a reality check in 2025

Malaysia’s utilities stocks still have room to run as electricity demand surges from the proliferation of data centres and electric vehicles, Apex Securities said and told investors to "overweight" the sector.

A rally in some of the world’s largest technology companies spurred a rebound in stocks, following a brief slide fueled by weaker-than-expected data on US consumer confidence.

In a thin trading session at the start of a holiday-shortened week, the S&amp;P 500 finished near session highs. Nvidia Corp., Meta Platforms Inc. and Tesla Inc. drove a gauge of the “Magnificent Seven” megacaps up almost 1.5%.

US stocks get boost from tech at start of Christmas week

Rain and thunderstorms are expected to hit Selangor, Negeri Sembilan, Sabah, and Sarawak on Christmas morning.

Rain, thunderstorms expected to hit four states on Christmas morning — MetMalaysia

Honda Motor Co’s shares climbed over 17%, the most since August, after the carmaker said it would repurchase up to ¥1.1 trillion (US$7 billion or RM28.58 billion) in shares by next December, ahead of a deal that amounts to an acquisition of ailing peer Nissan Motor Co.

Bitcoin is flagging in the last leg of a record-breaking year.

Bitcoin momentum ebbs heading into last stretch of record year

South Korea's consumer sentiment dropped sharply this month to hit the weakest level in more than two years on growing worries about political uncertainty following parliament's impeachment of President Yoon Suk Yeol.

South Korea consumer sentiment weakest since 2022 on political uncertainty

Social media app Telegram is profitable for the first time after paying down “a meaningful share” of some US$2 billion (RM8.97 billion) in debt, CEO Pavel Durov said in a post on X Monday (Dec 23).

Telegram profitable for first time after app pays down debts

BYD Co has severed ties with a construction firm after Brazilian authorities halted construction of a new electric vehicle (EV) plant where workers were found working and living in “slavery”-like conditions.

Agrochemicals giant Syngenta Group Co signed a US$4.5 billion (RM20.2 billion) sustainability-linked loan, according to a company statement on Monday, in Asia’s largest such dollar facility this year.

Syngenta signs US$4.5b ESG loan, Asia’s biggest this year — Bloomberg

Australia’s balance of risks is tilted to the downside, including a potential stall in disinflation, the International Monetary Fund (IMF) said, calling on the government to avoid excessive spending.

Australia’s risks tilt to downside, IMF says, urging restraint

Panama President Jose Raul Mulino rallied support from former presidents in defence of the country’s canal following threats from Donald Trump to reimpose US control over the waterway.

Panama president rallies support for canal after Trump threat

Oil prices were up on Tuesday in thin trade ahead of the Christmas Day holiday, with prices supported by US economic data and rising oil demand in India, the world's third-largest oil importer.

Oil prices up in thin pre-Christmas trade

Saks Global completed its US$2.7 billion (RM12.11 billion) acquisition of Neiman Marcus, creating what the company says is a multibrand luxury giant that’s powered by the technology of its high-profile investors, Amazon.com Inc and Salesforce Inc.

Saks closes US$2.7 bil Neiman deal, creating big luxury player

British confectionery giant Cadbury has lost its status as supplier to the British Royal Family after 170 years and six monarchs, reported Sputnik/RIA Novosti, citing the Daily Mail.