Posts by Stephanie Irvin
Inchcape+ opens BYD commercial EV showroom in Singapore, partners ComfortDelGro for charging – The Business Times
Inchcape+ will provide vehicles for commercial fleets, while ComfortDelGro delivers charging infrastructure and financing support INCHCAPE+, a subsidiary of London Stock Exchange-listed automotive distributor Inchcape, on Tuesday (Jan 21) opened a 2,000 square foot BYD showroom in Singapore’s west and signed an agreement with ComfortDelGro (CDG) to promote the adoption of commercial fleets. Located at…
Read MoreSingapore shares down 0.3% at Tuesday’s open as investors digest Trump’s return to office, no immediate China tariffs – The Business Times
SINGAPORE shares began Tuesday (Jan 21) trading in negative territory, as markets abroad finished mostly flat after US President Donald Trump’s second inauguration. As at 9.01 am, the Straits Times Index (STI) was down 0.3 per cent or 11.42 points at 3,796.55. Across the broader market, losers outnumbered gainers 49 to 44 after 23.1 million…
Read MoreJapan, Australia markets jump after no immediate Trump tariffs; dollar weakens – The Business Times
SOME markets across the Asia-Pacific region jumped, after US President Donald Trump did not immediately impose tariffs following his inauguration on Monday (Jan 20). Japan’s Nikkei 225 leaped 0.8 per cent on Tuesday shortly after the open, while Australia’s ASX 200 jumped 0.8 per cent in the morning. South Korea’s Kospi was up 0.9 per…
Read MorePanama opens audit of Chinese port operator while Trump threatens to take canal back – The Business Times
PANAMANIAN authorities began an audit of the China-linked company that controls two ports adjacent to the Panama Canal, as President Donald Trump repeats threats to take over the waterway. The comptroller’s office sent a team of auditors on Monday (Jan 20) to the local offices of the Panama Ports Company, a subsidiary of Hong Kong…
Read MoreHSBC said to explore options for consumer banking in Australia – The Business Times
HSBC Holdings is studying options for its consumer banking business in Australia including a potential sale as the bank looks to further slim down its operations, according to sources with knowledge of the matter. The UK lender is likely to retain its commercial banking operations in Australia to serve its corporate clients globally, one of…
Read MoreTop Ikea retailer says in Davos that tariffs could drive prices higher – The Business Times
FOR budget furniture retailer Ikea, the fewer trade tariffs there are, the better, CEO of Ingka Group, the biggest global Ikea franchisee, told Reuters on Monday (Jan 20) as businesses braced for higher possible US tariffs under President Donald Trump. “We, and I think probably all international companies thrive from harmonised tariffs, if you like,…
Read MoreAsia markets wary as investors brace for barrage of executive orders from Trump 2.0 – The Business Times
The key uncertainty is the timing and magnitude of fresh Trump tariffs, says OCBC chief economist DONALD Trump is raring to go, and he has got the world watching and wondering which way to turn. In Asia, investors adopted a cautious stance on Monday (Jan 20), ahead of the inauguration of Trump as US president,…
Read MoreLME approves Hong Kong as delivery point for metals – The Business Times
THE London Metal Exchange (LME) has approved Hong Kong as an LME delivery point and the listing will become active three months after the first warehouse company has been approved, it said on Monday (Jan 20). “The metals approved for delivery in Hong Kong SAR are aluminium alloy, copper, lead, nickel, primary aluminium, tin, and…
Read MoreChina’s BYD to complete US$1 billion Indonesia plant by year-end: executive – The Business Times
CHINA’S top electric vehicle maker BYD aims to complete its US$1 billion plant in Indonesia at the end of 2025, the head of its local unit said on Monday (Jan 20). The long-term plan for the plant is for the export market, said Eagle Zhao, its president director in Indonesia. “Every single progression of our…
Read MoreVietnam plans tax breaks, fee cuts to lure overseas investors – The Business Times
VIETNAM’S authorities are planning a series of reforms to lure more overseas investors to the stock market in an effort to ensure South-east Asia’s fastest-growing economy has enough capital inflows. Measures being considered include tax breaks and fee incentives for fund management companies to encourage overseas investors to play a greater role in the market,…
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