Posts by Mark Darwin
Google launches RCS business messaging as a more secure alternative to SMS
GOOGLE has worked with local telcos to launch Rich Communication Services (RCS) business messaging for RCS-enabled Android users in Singapore. On Thursday (Aug 15), Google announced at its Safer With Google event in Singapore that it has worked with Singtel, StarHub, M1 and Simba to enable RCS business messaging. Users who receive such messages will…
Read MorePBOC delays one-year loan operation date amid policy overhaul
CHINA’S central bank announced it will inject one-year liquidity to domestic lenders on Aug 26, a rare delay that comes amid a broad overhaul of its policy toolkit. The People’s Bank of China (PBOC) will renew the medium-term lending facility (MLF) funds maturing Aug 15 later this month, it said on Thursday (Aug 15). …
Read MoreSri Trang Agro-Industry Q2 net profit rises 471.3% to 628.4 million baht
SRI Trang Agro-Industry has posted a net profit of 628.4 million baht (S$23.6 million) for the three months ended Jun 30, 2024, up 471.3 per cent from 110 million baht in the corresponding period a year ago. On Wednesday (Aug 14), the mainboard-listed company said that second-quarter revenue rose 21.6 per cent to 25.8 billion…
Read MoreSingapore, Sichuan companies ink five MOUs as bilateral trade grows
FIRMS from Singapore and China’s western province of Sichuan have signed five agreements across a range of sectors to boost bilateral trade. The memorandums of understanding (MOUs) signed at the 24th Singapore-Sichuan Trade and Investment Committee meeting on Aug 14 included businesses in utilities, healthcare and commodities trading, as well as those focusing on exchange…
Read MoreApple pushes ahead with tabletop home device in shift to robotics
APPLE, seeking new sources of revenue, is moving forward with development of a pricey tabletop home device that combines an iPad-like display with a robotic limb. The company now has a team of several hundred people working on the device, which uses a thin robotic arm to move around a large screen, according to sources…
Read MoreJPMorgan is selling a new type of mortgage credit risk transfer
JPMORGAN Chase plans to sell credit risk on a US$531 million portfolio of adjustable-rate mortgages, a new kind of offering by the bank and the latest example of the industry’s efforts to de-risk balance sheets. Its offer includes more than US$53 million worth of bonds to be sold through an auction, with pricing for the…
Read MoreNike rises after Bill Ackman’s Pershing Square discloses stake
NIKE shares gained in late trading after Pershing Square Capital Management disclosed a new stake in the world’s largest sportswear company. The investment firm run by Bill Ackman revealed in a regulatory filing on Wednesday (Aug 14) afternoon that it holds about three million shares in Nike worth US$229 million even as the retailer tries…
Read MoreHong Kong’s CK Infrastructure applies for UK listing
Hong Kong’s CK Infrastructure Holdings said on Wednesday (Aug 14) that it had applied for a secondary listing on the London Stock Exchange. The company, a part of the conglomerate CK Hutchison, said it expects its admission to occur on the LSE on Aug 19. “The company believes that a listing in London … will…
Read MoreCitigroup lifts pre-Brexit cap on top London bankers’ bonuses
CITIGROUP is lifting the limit on some of its top UK bankers’ and traders’ bonuses, following in the footsteps of rivals like JPMorgan Chas and Barclays. The change will allow the Wall Street firm’s so-called material risk takers to now earn a bonus that’s as much as six times their base salary, according to…
Read MoreUS: Wall St opens higher as CPI report cements rate-cut bets
Wall Street’s main indexes opened slightly higher on Wednesday (Aug 14) after data showed inflation was moderating as expected, cementing bets that the Federal Reserve will begin its policy-easing cycle next month. The Dow Jones Industrial Average rose 34.9 points, or 0.09 per cent, at the open to 39800.59. The S&P 500 rose 7.9 points,…
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