Posts by Stephanie Irvin
Fu Yu’s independent directors resign, leaving the CEO as the only director
[SINGAPORE] All of Fu Yu Corporation’s independent directors have resigned, indicated bourse announcements on Sunday (Jun 15). Independent directors Royston Tan and non-executive chairman Christopher Huang have resigned due to persistent attempts to remove them from the board. Fu Yu’s largest shareholder Victor Lim has been tabling resolutions in an attempt to oust Tan and…
Read MoreBT boss Kirkby expects AI to deepen job cuts, FT reports
Published Sun, Jun 15, 2025 · 05:43 PM BT Group chief executive Allison Kirkby said advances in artificial intelligence (AI) could deepen significant job cuts under way at the British telecoms company, the Financial Times reported on Sunday (Jun 15). Kirkby told the newspaper that BT’s plans to cull more than 40,000 jobs and strip…
Read MoreNew World sells 138 Hong Kong homes at discount within hours
Published Sun, Jun 15, 2025 · 03:24 PM New World Development and its partners sold 138 apartments in a few hours at a new project after pricing the homes at a discount to lure buyers in Hong Kong’s sluggish real estate market. The companies sold the apartments in Deep Water Pavilia in southern Hong Kong…
Read MoreUS dollar’s tepid rebound reinforces questions around haven role
The US dollar’s muted rally against major peers after Israel’s strikes on Iran reinforced the impression that the greenback’s role as a global haven currency is fading. A Bloomberg gauge of the dollar gained as much as 0.6 per cent at one point on Friday (Jun 13), after Israel’s attacks on Iranian nuclear facilities stoked…
Read MoreBoeing resumes China deliveries with 787-9 jet to Juneyao Airlines, Yicai reported
Published Sat, Jun 14, 2025 · 01:05 PM [BEIJING/HONG KONG] Boeing delivered a new 787-9 aircraft to China’s Juneyao Airlines on Saturday (Jun 14), Chinese media outlet Yicai reported, as trade tensions between Beijing and Washington ease. The delivery comes two days after a Boeing 787-8 Dreamliner with 242 people on board crashed in a…
Read MoreAnxious families await dental identification of Air India crash victims
[AHMEDABAD] Dozens of anxious family members sat outside an Indian hospital on Friday (Jun 13) waiting to collect bodies of loved ones killed in the Air India plane crash, as doctors worked to gather dental samples from the deceased and run identification checks. In the world’s worst aviation disaster in a decade, an Air India…
Read MoreTrump Media’s registration for bitcoin treasury deal becomes effective
Published Sat, Jun 14, 2025 · 06:11 AM TRUMP Media and Technology Group said on Friday (Jun 13) that the US Securities and Exchange Commission has declared effective the registration for its bitcoin treasury deal. The company said it raised about US$2.3 billion through a mix of debt and equity agreements with participation from around…
Read MoreShein’s planned Hong Kong listing to benefit from wider capital pool, analysts say
[SYDNEY] Shein’s planned listing in Hong Kong will help the online fast-fashion retailer avoid sharp investor scrutiny of its supply chains while tapping into capital from the mainland and emerging market investors, analysts said. The Singapore-headquartered company has turned its public market debut ambitions to Hong Kong after failing to win Chinese securities regulatory approval…
Read MoreHong Kong-listed ESR gets shareholders’ nod for privatisation
[HONG KONG] Shareholders of ESR Group on Friday (Jun 13) approved the scheme resolution proposed by a consortium of investors to acquire and privatise the real estate fund manager. The company is expected to delist from the Hong Kong Stock Exchange (HKSE) on Jul 3, said ESR in a statement. At the scheme meeting…
Read MoreGoogle Cloud and Digital Industry Singapore launch programme to spearhead AI development among companies
[SINGAPORE] Digitally-mature companies keen on doing more in the area of artificial intelligence (AI) will now have the opportunity to tap a new programme. The AI Cloud Take-Off Programme launched on Friday (Jun 13) is a joint venture between Google Cloud and Digital Industry Singapore (DISG). It aims to establish AI centres of excellence in…
Read More