Posts by Yurie Miyazawa
Singapore maritime breaks new records for arriving traffic, box throughput, fuel sales
SINGAPORE posted new highs for annual vessel arrival tonnage, container throughput, total bunker sales, sales of alternative bunker fuels, and total tonnage of ships under the country’s flag in 2024. Total business spending by key maritime companies overseen by the Maritime and Port Authority of Singapore (MPA) increased 8.3 per cent to S$5.2 billion in…
Read MoreMOH to monitor Cordlife’s governance, practices over one-year period; shares climb 10.3%
THE Ministry of Health will closely monitor Cordlife Group’s governance and ensure its practices are consistent and compliant with regulatory requirements, the ministry said on Wednesday (Jan 15). This is in response to queries on Tuesday’s statement that Cordlife’s cord-blood banking service and human-tissue banking service licences have been renewed for a year, with immediate…
Read MoreGame on: This Acer-backed gaming-related company is gearing up for growth
SINGAPORE-LISTED company Winking Studios, which provides services to gaming giants such as Ubisoft and Tencent, is poised for further, global growth, according to SAC Research. The game art outsourcing and game development studio is listed in both Singapore and London, the research firm noted. That firmly puts it in position to tap a broader investor…
Read MoreHo Bee Land sparks bidding war for Australian property developer AVJennings at A$0.70 a share
The offer trumps an existing deal made by Proprium Capital Partners and Avid Property Group REAL estate group Ho Bee Land has launched a non-binding indicative offer to acquire all shares it does not indirectly own in AVJennings for A$0.70 apiece. This beats an existing offer of A$0.67 a share made by Proprium Capital Partners…
Read MoreStocks to watch: CapitaLand Investment, Clint, SIA Engineering, LMIRT, Cordlife
THE following companies saw new developments that may affect trading of their securities on Wednesday (Jan 15). CapitaLand Investment (CLI): The real asset manager has appointed three female leaders into senior roles as part of its ongoing leadership renewal. From Jan 22, Yvonne Siew will be the managing director and head of product development…
Read MoreUS to ban smart cars containing Chinese tech
THE United States finalised a rule on Tuesday (Jan 14) effectively barring Chinese technology from cars in the American market, taking aim at software and hardware from the world’s second biggest economy over national security risks. The announcement, which also pertains to Russian technology, comes as outgoing President Joe Biden wraps up efforts to step…
Read MoreRepeat corporate bankruptcies in US hit fastest pace since 2020
PARTY City emerged from bankruptcy in October 2023, freed from US$1 billion of debt and with “an excellent foundation in place to drive long-term growth”, as then-CEO Brad Weston put it. Just fourteen months later, it went broke again. Joann’s round trip from bankruptcy and back could be even faster: It’s currently considering filing for…
Read MoreCordlife’s operation licences renewed for one year
EMBATTLED cord-blood bank Cordlife’s cord blood banking service and human tissue banking service licences have been renewed by the Ministry of Health (MOH) for one year, with effect from Tuesday (Jan 14). “The company is committed to meeting all applicable regulatory requirements and compliance measures, before considering the full resumption of operations in Singapore,” said…
Read MoreHC Surgical Specialists half-year profit down 2.1% at S$3.4 million
Catalist-listed medical services provider HC Surgical Specialists’ net profit for the six months ended November 2024 was down 2.1 per cent at S$3.4 million, from S$3.5 million the year before. The drop in profit came mainly from non-operational items, including fair-value loss on derivative financial instruments and the loss from disposal of an associate, said…
Read MoreLMIRT could fail to meet minimum interest coverage ratio for FY2024, expects no financial consequences
This is mainly due to non-operational accounting adjustments made to Ebitda and interest expenses in Q2 and Q3 LIPPO Malls Indonesia Retail Trust (LMIRT) will “potentially” not be able to meet the minimum interest coverage ratio (ICR) requirement for the financial year ended Dec 31, 2024, said its manager on Tuesday (Jan 14). This is…
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