Posts by Stephanie Irvin
Sony says spinoff will give financial arm its own fundraising capabilities
It is the first partial spinoff by a company in Japan with a direct listing – the first in Japan in more than two decades – set for Sep 29 Published Thu, May 29, 2025 · 04:48 PM [TOKYO] Sony’s CEO said on Thursday (May 29) the spinoff of the group’s financial services arm will…
Read MoreWhat are private markets, and what risks should investors take note of?
[SINGAPORE] Private markets have grown increasingly popular in recent times in South-east Asia, with Singapore accounting for 45 per cent of the private equity market in deal value and volume in 2024. Earlier on Mar 27, the Monetary Authority of Singapore (MAS) announced that a proposed framework for retail private market investment funds is in…
Read MoreFoxconn to soon announce second Japanese auto partner, chairman says
The Apple supplier’s interest in working with Japanese car makers comes as they face growing competition from Chinese brands Published Thu, May 29, 2025 · 01:45 PM [TAIPEI] Taiwan’s Foxconn will soon announce a second Japanese auto partner, Chairman Young Liu said on Thursday (May 29), as the company best known as Apple’s main iPhone…
Read MoreTop Thai wind power firm to fund 65 billion baht of spending with IPO
[BANGKOK] Thailand’s largest wind power producer plans to spend 65 billion baht (S$2.6 billion) to almost triple its generation capacity over the next 12 years, and will go public to fund the expansion. Wind Energy Holding is targeting 2,000 megawatts of domestic installed capacity by 2037, from the current 700 megawatts, chief executive officer Nuttpasint…
Read MoreAustralia aims to avoid Panama repeat in China port showdown
[CANBERRA] Prime Minister Anthony Albanese is confronting a fresh diplomatic dilemma with China: How to fulfil a pledge to regain control of a strategic port without jeopardising improved relations with his country’s largest trading partner. Ahead of an election earlier this month, Albanese promised to return to Australian control the Port of Darwin from Chinese…
Read MoreGold touches over one-week low after US court blocks Trump’s tariffs
Published Thu, May 29, 2025 · 09:32 AM [BENGALURU] Gold hit a more than one-week low on Thursday (May 29), as the US dollar rallied and risk sentiment improved after a US federal court blocked US President Donald Trump’s “Liberation Day” tariffs from going into effect. Spot gold was down 0.5 per cent at US$3,262.99…
Read MoreSingapore’s STI, Asia markets rise after US court blocks Trump’s reciprocal tariffs
[SINGAPORE] Singapore stocks rose on Thursday (May 29) morning, after a US trade court on Wednesday blocked US President Donald Trump’s “Liberation Day” tariffs from going into effect. As at 9.12 am, the Straits Times Index (STI) opened 0.2 per cent or 7.56 points higher at 3,919.48. Across the broader market, gainers outnumbered losers 106…
Read MoreHong Kong, Saudi bourses seek deeper ties to spur trading volume
[HONG KONG] Hong Kong and Saudi Arabia are ramping up efforts to boost trading activity as inflows to their exchange-traded funds (ETFs) wane and cross-listings fail to materialise. Hong Kong Exchanges & Clearing (HKEX) chief executive officer Bonnie Chan and Mohammed Al-Rumaih, her counterpart at the Tadawul stock exchange, are poised to address the co-hosted…
Read MoreChina’s Honor developing humanoid robots in US$10 billion AI plan
The company is building its own agentic AI services that will be integrated into its software for smartphones and other devices Published Thu, May 29, 2025 · 07:27 AM HONOR Device, the smartphone maker spun out from Huawei Technologies, is developing humanoid robots as part of its push into China’s crowded artificial intelligence (AI) arena.…
Read MoreFactory that symbolised Nissan’s rise may become victim of its decline
[YOKOSUKA, Japan] When Nissan’s Oppama plant opened in 1961, it was one of Japan’s first large-scale auto factories and a symbol of the company’s global ambitions. Sixty-four years and millions of cars later, the storied plant now faces possible closure as Nissan sinks deeper into crisis. New chief executive Ivan Espinosa unveiled sweeping cost cuts…
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