Posts by Stephanie Irvin
IPhone maker Hon Hai’s April sales surge 26% ahead of US tariffs
Published Mon, May 5, 2025 · 05:16 PM [TAIPEI] Hon Hai Precision Industry, the main contract manufacturer for Apple and Nvidia, said its April revenue rose 26 per cent, likely boosted by the hastening of orders ahead of US tariffs that could upend business for its customers. Sales in April reached US$21.4 billion. That contributed…
Read MoreGrab appoints Alejandro Osorio as new managing director for Singapore
[SINGAPORE] Ride-hail and delivery giant Grab announced on Monday (May 5) that Alejandro Osorio has been appointed as managing director (MD) of Grab Singapore. Osorio currently leads the Grab Vietnam team. In his place, Ma Tuan Trong, presently the company’s country commercial head in Vietnam, will assume Osorio’s role of MD for Grab’s Vietnam office. …
Read MoreSingapore dollar surges to 1.29 to US dollar amid Asia currency rally
[SINGAPORE] Asian currencies rallied on Monday (May 5) on hopes of a thaw in the US-China trade war and regional tariff deals with the Trump administration. Taiwan led the charge, with its currency surging as much as 5 per cent, the biggest intraday gain in over three decades, on speculation exporters are rushing to convert…
Read MoreChina resumes spot LNG purchases to take advantage of price drop
The move is a u-turn for Chinese LNG buyers, which had reduced imports and resold shipments because expensive gas was not attractive to a weaker domestic market Published Mon, May 5, 2025 · 01:51 PM [SINGAPORE] Chinese firms are purchasing liquefied natural gas (LNG) shipments from the spot market, a reversal of months of relative…
Read MoreAdani aides meet Trump team to push for end to US bribery case
Published Mon, May 5, 2025 · 01:14 PM REPRESENTATIVES for Indian billionaire Gautam Adani met officials from US President Donald Trump’s administration to seek dismissal of criminal charges in an overseas bribery probe, Bloomberg News reported on Sunday. Shares of Adani Group’s nine listed companies rose between 0.4 per cent and 5.3 per cent in…
Read MoreMalaysia plans cargo rail link to Bangkok to boost trade
Published Mon, May 5, 2025 · 12:11 PM [KUALA LUMPUR] Malaysia is planning to start a direct rail cargo service between its capital Kuala Lumpur and Bangkok in neighbouring Thailand this year to boost bilateral and regional trade, state media reported, citing the transport minister. Transport Minister Anthony Loke said the cabinet and prime minister…
Read MoreSingapore’s AI large language model Sea-Lion to offer more features as more firms use it in S-E Asia
[SINGAPORE] Singapore’s home-grown large language model (LLM), Sea-Lion, is steadily gaining traction, with some 235,000 downloads so far, bolstered by adoption by large companies such as GoTo Group in Indonesia. After releasing the latest model with “reasoning” capabilities on Apr 15, its researchers at AI Singapore told The Straits Times that they plan to add…
Read MoreGreen Business: Profit from Saving the Planet
Starting a green business isn’t just a trend—it’s becoming a necessity. With climate change and environmental concerns at the forefront of many consumers’ minds, sustainable business ideas are gaining traction. Entrepreneurs have a unique opportunity to make a profit while also making a positive impact on the planet. This article will explore various sustainable business…
Read MoreBHP partner says Filo copper discovery is largest in 30 years
Copper mines are getting harder and much more costly to develop, even as global demand for the metal is projected to increase given its role in the energy transition Published Mon, May 5, 2025 · 09:47 AM [MELBOURNE] BHP’s joint-venture partner Lundin Mining declared that the companies’ Filo del Sol project in South America to…
Read MoreNew Zealand central bank sees AI adoption posing risk to financial stability
Published Mon, May 5, 2025 · 09:01 AM [WELLINGTON] The rapid acceleration of artificial intelligence adoption in financial services presents a risk to financial stability, the Reserve Bank of New Zealand said in a report on Monday. “Errors in AI systems, data privacy concerns and market distortions could amplify existing risks,” the report said. “The…
Read More