Posts by Yurie Miyazawa
SingPost must quickly find a new group CEO to deliver it from its troubles
The postal-service provider’s road map following the sale of its Australian unit would shape the slate of candidates and its final pick of helmsman NATIONAL postal-service provider Singapore Post (SingPost) is facing a slew of challenges. And, without a leader at the helm, it could be tough for the group to navigate its way out of…
Read MoreChina Everbright Water’s FY2024 profit falls 14% to HK$1 billion
CHINA Everbright Water’s net profit for the full year ended Dec 31 fell 14 per cent to HK$1 billion (S$175.5 million) from HK$1.2 billion in the previous corresponding period. Earnings per share also fell 14 per cent to HK$0.3564 from HK$0.4151, based on financials released by the Hong Kong and Singapore dual-listed environmental protection company…
Read MoreIndia’s February gold imports to hit 20-year low on record high prices: sources
INDIA’S gold imports are set to tumble 85 per cent in February from year ago levels to their lowest in 20 years, with demand sapped by record prices for the precious metal, a government official and three bank dealers said. Lower gold imports could help India narrow its trade deficit and support the rupee that…
Read MoreLaw firm HFW expands Hong Kong office to Hongkong Land’s tower
HFW will have more space in the new office, in contrast with the recent downsizing efforts by some of its international peers HONGKONG Land Holdings signed UK law firm Holman Fenwick Willan as the latest tenant in its Central office portfolio, a welcome addition as demand for offices remains sluggish in the business hub. HFW…
Read MoreCLP to focus capital on Hong Kong and China in clean power push
CLP Holdings plans to focus on investing in Hong Kong and mainland China, while projects in other areas will need to be self-funded as the utility seeks a greener power generating portfolio. “We have a quite significant capital requirement and we want to focus on our core markets in Hong Kong and China to help…
Read MoreIndonesian bond plan sparks fears over governance, monetisation
BANK Indonesia’s plan to buy bonds that will be issued by the government to fund its ambitious housing programme is raising more concerns over the nation’s debt governance. The plan for the central bank to effectively help fund the home-ownership scheme of President Prabowo Subianto is raising concerns over so-called debt monetisation and macroeconomic governance,…
Read MoreBank of Korea cuts rate to boost demand as Trump tariffs cast shadow
THE Bank of Korea (BOK) cut its benchmark interest rate in a widely expected move to support an economy jolted by political turmoil and threatened by the trade impact of Donald Trump’s tariff plans. The central bank lowered its seven-day repurchase rate by a quarter-percentage point to 2.75 per cent and further reduced this year’s…
Read MoreGoogle’s AI previews erode the internet, US edtech company says in lawsuit
ALPHABET’S Google internet search engine is eroding demand for original content and undermining publishers’ ability to compete with its artificial intelligence-generated overviews, a US educational technology company said in a lawsuit filed on Monday. Chegg, an online education company that offers textbook rentals, homework help, and tutoring, said in the lawsuit filed in Washington, D.C.,…
Read MoreAustralian regulator pushes market operator ASX on fee transparency, competition
AUSTRALIA’S corporate regulator said on Tuesday the country’s stock market operator would be required to publish a comparison of clearing and settlement fees against foreign providers and justify any fee increases, in a bid to promote competition. The Australian Securities and Investments Commission (ASIC) said ASX, responsible for some A$5 billion (S$4.3 billion) of trades…
Read MoreApple plans US$500 billion in US investment, 20,000 research jobs in next four years
APPLE said on Monday (Feb 24) it would spend US$500 billion in US investments in the next four years that will include a giant factory in Texas for artificial intelligence servers and add about 20,000 research and development jobs across the country in that time. That US$500 billion in expected spending includes everything from purchases…
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