Posts by Stephanie Irvin
Sembcorp Development adds three industrial parks to its Vietnam portfolio
SEMBCORP Development has added three industrial parks in Vietnam to its expanding portfolio of low-carbon industrial parks. Investment licences for VSIP Thai Binh, VSIP Quang Ngai II and Becamex-VSIP Binh Thuan were awarded to companies held by Vietnam Singapore Industrial Park Joint Venture Company (VSIP JV Co), Sembcorp Industries : U96 0% said on Friday…
Read MoreSembcorp Development adds three industrial parks to its Vietnam portfolio
SEMBCORP Development has added three industrial parks in Vietnam to its expanding portfolio of low-carbon industrial parks. Investment licences for VSIP Thai Binh, VSIP Quang Ngai II and Becamex-VSIP Binh Thuan were awarded to companies held by Vietnam Singapore Industrial Park Joint Venture Company (VSIP JV Co), Sembcorp Industries : U96 0% said on Friday…
Read MoreKeppel sets sights on senior-living market, opens its first facility in Asia
KEPPEL Land has officially opened its first senior-living facility in Asia, a project in Nanjing, China that kicks off the company’s expansion plans for the region. The Nanjing facility is Keppel’s flagship project for Sindora Living, the asset manager’s senior-living brand and operating platform for Asia, said Louis Lim, chief executive of real estate at…
Read MoreAircraft shortages turn into cash bonanza for some airlines
AIRCRAFT shortages are turning into a moneymaker for some airlines as the dearth of supply allows carriers to sell new planes to leasing companies at much higher prices than they paid. Carriers such as Denver-based Frontier Airlines and Hungary’s Wizz Air have reported gains up to hundreds of millions of US dollars through selling planes…
Read MoreFoxconn eyes 40% global AI server market share
TAIWANESE tech giant Foxconn said on Friday (May 31) that its global market for artificial intelligence (AI) servers is expected to increase to 40 per cent this year, with AI products being the main driver for growth. Foxconn – known officially as Hon Hai Precision Industry – is the world’s biggest contract electronics maker and…
Read MoreThai central bank says current inflation goal ‘appropriate’ for economy
THE Bank of Thailand (BOT) defended its goal to keep inflation within a band of 1 to 3 per cent as “appropriate” for the prevailing economic conditions, after the government sought a review over concerns the current target may be too low. The existing band, which the law mandates should be reviewed every year, can…
Read MoreAmazon is expanding US drone service after regulator’s nod
AMAZON.COM’S Prime Air drone programme has been cleared by US regulators to fly devices beyond the visual line of sight of pilots, increasing range and giving more customers access to the service. The approval, which means pilots will not need to be able to see the drones with their own eyes, will allow Prime Air…
Read MoreMixed inflation data, soft output raise uncertainty on BOJ’s rate-hike timing
CORE consumer inflation in Japan’s capital accelerated in May on rising electricity bills but price growth excluding the effect of fuel eased, data showed on Friday (May 31), heightening uncertainty on the timing of the Bank of Japan’s (BOJ) next interest rate hike. Separate data showed factory output unexpectedly fell in April, highlighting the fragile…
Read MoreStocks to watch: MPACT, GP Industries, Azeus, Unusual, Old Chang Kee
THE following companies saw new developments that may affect trading of their securities on Friday (May 31):
Read MoreDell shares tumble as weak margin forecast clouds upbeat quarter
DELL Technologies said on Thursday (May 30) it expects its adjusted gross margin rate to decline about 150 basis points in fiscal 2025, sending its shares down 18 per cent after the bell despite an upbeat quarterly earnings report. “Given inflationary input costs, the competitive environment and higher mix of AI (artificial intelligence) optimised servers,…
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