Posts by Stephanie Irvin
China’s Comac aims to lift C919 jet production capacity to 50 this year: report – The Business Times
CHINESE planemaker Comac plans to raise production capacity for its homegrown C919 single-aisle planes to 50 this year, a Comac executive told a media outlet supported by the Shanghai government. Comac deputy general manager Shen Bo also said the Shanghai-based state-owned firm aims to manufacture 30 C919 aircraft this year, in an interview with The…
Read MoreColler Capital expands in South-east Asia private equity secondary market with Singapore office – The Business Times
The move extends the company’s commitment to the region as demand from institutional and private wealth investors rise LONDON-headquartered Coller Capital, one of the largest global investors in the private equity (PE) secondary market, is setting up an office in Singapore amid growing demand from institutional and private wealth investors in South-east Asia. It said…
Read MoreInchcape+ 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…
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