Posts by Stephanie Irvin
China’s WeRide secures LTA approval to run driverless bus without safety officer in Sentosa
[SINGAPORE] China-based WeRide has secured approval from Singapore’s Land Transport Authority (LTA) to operate a driverless bus in Sentosa without an on-board safety officer. This will be the first autonomous vehicle (AV) in South-east Asia to run without such personnel on board, the company said in a press release on Thursday (Jul 17). Called the…
Read MoreSamsung chairman Lee’s long legal saga ends with acquittal
[SEOUL] Samsung Electronics executive chairman Lee Jae-yong was cleared of all charges related to accounting fraud and stock manipulation by South Korea’s Supreme Court, marking a major legal victory for the billionaire head of the world’s largest electronics empire. The top court on Thursday (Jul 17) upheld a Seoul High Court ruling that acquitted Lee…
Read MoreNo let-up in India’s private market boom as investors continue to shun China
[SINGAPORE] A surge in the value of private equity (PE) deals signed in India in the first half of this year, coupled with the inking of the country’s biggest private credit transaction, are adding fuel to a hot private market. With investors still keeping away from China, traditionally the largest Asian private market, the strong…
Read MoreWilmar to acquire up to 20% of Mumbai-listed joint venture with Adani
[SINGAPORE] Agri-specialist Wilmar International has agreed to acquire up to 20 per cent of the shares held by India’s Adani Commodities in the two companies’ joint venture (JV), for 275 rupees per share. Wilmar’s wholly owned unit Lence will purchase a maximum of 259.9 million shares in the Mumbai-listed JV, AWL Agri Business (formerly known…
Read MoreJulius Baer seeks to cut bonuses of bankers with risky books: sources
The move comes as the Swiss lender’s top management seek to reset and put the bank on a path for growth after a string of missteps Published Thu, Jul 17, 2025 · 04:12 PM [ZURICH] Julius Baer Group plans to reduce the bonuses of relationship managers who generate revenue from high-risk business, as the bank…
Read MoreTSMC posts record quarterly profit on AI demand, but cautious on tariff impact
[TAIPEI] Taiwan Semiconductor Manufacturing Co (TSMC), the world’s main producer of advanced artificial intelligence (AI) chips, posted record, forecast-beating quarterly profit on Thursday (Jul 17) but warned that future income might be hit by US tariffs, though perhaps not until the fourth quarter. Saying demand for AI was getting stronger and stronger, TSMC predicted another…
Read MoreTrek 2000 International divests stake in Terrenus Energy valued at around S$8.2 million
[SINGAPORE] Technology provider Trek 2000 International announced on Thursday (Jul 17) that it will be disposing its 4.3 per cent stake in Terrenus Energy back to the renewable energy solutions provider, with the net proceeds to be around S$8.2 million. The group intends to use the proceeds towards the general working capital requirements, indicated its…
Read MoreLatest Singapore six-month T-bill cut-off yield down at 1.79%
This is the ninth consecutive issuance since Mar 26 for which yields have declined [SINGAPORE] The cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) fell to 1.79 per cent, based on auction results released by the Monetary Authority of Singapore on Thursday (Jul 17). This is a decline from the 1.85 per cent offered…
Read MoreJapan’s Sega eyes return to 1990s gaming glory
[TOKYO] The big-screen success of 1990s video game speedster Sonic the Hedgehog has brought new fans to Japan’s Sega, which says it is poised for a comeback after two tough decades. This year all eyes have been on Nintendo, whose Switch 2 recently became the fastest-selling console in history. But unlike its former arch-rival, Sega…
Read MoreChina probes US$100 underwriting fee amid Xi price war clampdown
[BEIJING] China is investigating some of the nation’s top investment banks over bond underwriting fees that hit below US$100, as regulators expanded a crackdown on a long-standing price war amid broader efforts by President Xi Jinping to curb cutthroat competition. The National Association of Financial Market Institutional Investors (Nafmii) last week launched a probe into…
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