Posts by Stephanie Irvin
SIA Group passenger traffic rises 10.2% in May
SINGAPORE Airlines (SIA) Group reported a 10.2 per cent year-on-year increase in passenger traffic in May 2024, as demand for air travel remained robust. During the month, Singapore Airlines and Scoot carried 3.2 million passengers in total, 14.3 per cent higher than a year ago, the group said on Tuesday (Jun 18) as it reported…
Read MoreSingtel-KKR consortium to invest S$1.75 billion in data centre provider ST Telemedia GDC
A SINGTEL-KKR consortium will be investing S$1.75 billion in data centre provider ST Telemedia Global Data Centres (STT GDC), in a deal said to be this year’s largest digital infrastructure investment in South-east Asia so far. The initial S$1.75 billion investment by the consortium will be via redeemable preference shares with detachable warrants, KKR said on…
Read MoreKKR-Singtel consortium to invest S$1.75 billion in data centre provider ST Telemedia GDC
A KKR-SINGTEL consortium will invest S$1.75 billion in data-centre provider ST Telemedia Global Data Centres (STT GDC), in a deal said to be this year’s largest digital infrastructure investment so far in South-east Asia. The initial S$1.75 billion investment by the consortium will be via redeemable preference shares with detachable warrants, global investment firm KKR said…
Read MoreBoeing may have installed bad 737 parts, whistleblower alleges
A Boeing quality inspector alleged that the planemaker mishandled and lost track of hundreds of faulty parts, some of which he said may have been installed on new 737 Max planes, the latest revelation by a whistleblower pointing out possible misconduct at the manufacturer. The claims were detailed in a June 11 complaint by Boeing…
Read MoreBOJ index shows more Japan firms passing on wage costs in services prices
The price Japanese companies charge each other for services with high labour costs rose 2.8 per cent in April from a year earlier, the fastest increase in nearly four years, central bank data showed on Tuesday (Jun 18). The data highlights how prospects of steady wage increases are prompting more companies to charge more for…
Read MoreSP Group to design district cooling, heating system for Chengdu development
SP Group announced on Tuesday (Jun 18) that it secured a bid to design, build, develop and operate a district cooling and heating system for the new International Sports Park City in Chengdu, China. The utilities group is expected to invest more than 200 million yuan (S$37.3 million) in the sustainable energy project under a…
Read MoreAustralia holds key rate at 12-year high on inflation worries
AUSTRALIA’S central bank kept interest rates at a 12-year high as it awaits a shift lower in stubbornly sticky inflation before being ready to signal policy easing. The Reserve Bank of Australia (RBA) held its cash rate at 4.35 per cent for a fifth straight meeting on Tuesday (Jun 18) and restated that it was…
Read MoreSingapore’s air freight up 20% in May; port’s box throughput highest this year
WITH the congestion at sea benefiting air transport, Singapore’s Changi Airport reported 170,000 tonnes in air freight handled in May, a 20 per cent year-on-year jump from 142,000 tonnes. Statistics published by Changi Airport Group on Monday (Jun 17) showed that the freight movement was the second-highest in the first five months this year. Only…
Read MoreMeteoric rise of South Korea’s webtoons powers Nasdaq IPO
WHEN Bae Jin Soo quit his well-paying job at one of South Korea’s biggest conglomerates to write stories, his parents were so upset they kicked him out of the house. But around seventeen years later, Bae is one of the biggest names in South Korea’s thriving billion-dollar webtoon industry, having taught himself to draw and…
Read MoreEV maker Fisker files for bankruptcy after its glitchy SUV flops
FISKER filed for bankruptcy on Monday (Jun 17), months after the electric-vehicle startup stopped production of its only model, the oft-malfunctioning Ocean SUV. The company listed between US$500 million and US$1 billion of assets, and between US$100 million and US$500 million of liabilities, in its petition filed in Delaware. The filing protects Fisker from creditors…
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