Posts by Yurie Miyazawa
Goldman hoists gold target to US$3,100 on central-bank demand
GOLDMAN Sachs Group raised its year-end gold target to US$3,100 an ounce on central-bank buying and inflows into bullion-backed exchange-traded funds, highlighting Wall Street’s enthusiasm for the metal. Central-bank demand may average 50 tonnes a month, more than previously expected, analysts Lina Thomas and Daan Struyven said in a note. Should uncertainty over economic policy…
Read MoreYour Business Website: 5 Mistakes That Cost You Customers
Your website is kinda like your business card for the internet. If it’s not working right, you’re probably losing customers, plain and simple. People don’t have the patience for a website that’s slow, messy, or confusing. And worse, they might never come back. Let’s go over five common mistakes that could be costing your business…
Read MoreTourism bounce helps Thai banks trim bad loans from three-year high
NON-performing loans at Thailand’s commercial banks dropped from a three-year high as a post-pandemic tourism recovery boosted debt repayment ability of hotels, restaurants and other travel-related businesses. Bad loans totalled 552.1 billion baht (S$22 billion) at the end of December, or some 2.78 per cent of commercial banks’ outstanding loans, Assistant governor Suwannee Jatsadasak told…
Read MoreDBS names successors of corporate and SME banking, operations group heads
SINGAPORE’S largest lender DBS named on Tuesday (Feb 18) its two picks for the group head of its corporate and SME banking unit, as well as its group head of operations. The current Singapore head of corporate banking, Chen Ze Ling, is due to succeed Koh Kar Siong as group head of corporate and SME…
Read MorePEC receives privatisation proposal of S$0.64 per share and S$0.20 per share via special dividend
ALLIANCE Energy Services is proposing to take engineering company PEC private by way of a scheme of arrangement for S$0.64 per share in cash and S$0.20 per share through a special cash dividend. Both companies have agreed to the offeror acquiring all issued and paid-up ordinary shares in PEC’s share capital from all its shareholders,…
Read MoreHSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs: source
HSBC has laid off around 40 investment bankers in Hong Kong, according to a source with direct knowledge of the matter, as part of a global restructuring exercise at the Asia-focused lender to cut costs. The job cuts in its regional hub Hong Kong started on Monday (Feb 17), said the source and another source…
Read MoreAustralian central bank cuts rates for first time since November 2020
Inflation has dropped from a peak of 7.8 per cent in December 2022 and now sits at 2.4 per cent, according to the RBA AUSTRALIA’S central bank cut its key interest rate on Tuesday (Feb 18) for the first time in more than four years, but warned global turmoil could derail further easing. The Reserve…
Read MorePetronas mulls over US$1 billion loan for Malaysian LNG project
MALAYSIA’S Petroliam Nasional is in talks with banks for a potential loan to fund a liquefied national gas (LNG) project, according to sources familiar with the matter. The state-owned company, commonly known as Petronas, is seeking project financing of over US$1 billion, said the sources, who asked not to be named discussing private matters. The…
Read MoreTesla hires in India, signalling entry plans after Modi’s US trip
Tesla’s India intent follows Modi’s meeting with Musk and US President Donald Trump in Washington last week TESLA is hiring in India, a sure sign it plans to enter the market shortly after chief executive officer Elon Musk met Prime Minister Narendra Modi in the US. The electric vehicle (EV) maker sought candidates for 13…
Read MoreTemasek-backed Indian meat seller seeks US$2 billion IPO valuation
LICIOUS, a Temasek Holdings-backed online seller of meat and seafood in India, is seeking to become profitable as it prepares to list in 2026, adding to a slew of consumer-facing firms eyeing the country’s public markets. Delightful Gourmet, which operates Licious, is opening more brick-and-mortar stores, speeding up deliveries to take on quick commerce rivals…
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