Posts by Yurie Miyazawa
Singapore pulls ahead of Hong Kong in race to be crypto hub
SINGAPORE forged ahead with efforts to formulate a digital assets hub in 2024, while rival financial centre Hong Kong has struggled to gain traction. Singapore doled out 13 crypto licenses in 2024 to a range of crypto operators including top exchanges OKX and Upbit, as well as global heavyweights Anchorage, BitGo and GSR. That’s more…
Read MoreOil prices ease on surplus concerns, US dollar strength
OIL prices edged lower on Monday (Dec 23) in thin trade ahead of the Christmas holiday on concerns about a supply surplus next year and a strengthened US dollar. Brent crude futures settled down 31 US cents, or 0.43 per cent, at US$72.63 a barrel. US West Texas Intermediate crude futures fell 22 US cents,…
Read MoreWho’s pulling ahead in South-east Asia’s data centre race?
THE start of the artificial intelligence (AI) boom has led to a global race among countries to build more data centres and ramp up their capacity. It’s no different in Singapore and the South-east Asia region, with billions of dollars committed to build data centres in the region this year. Singapore re-opened its doors to…
Read MoreCheapest States to Retire In
Thinking about retirement but worried about costs? You’re not alone. Finding a place where your dollar stretches further is key. Luckily, there are states in the U.S. where living is more affordable. These states offer a lower cost of living, which is great for retirees looking to make the most of their savings. Let’s explore…
Read MoreApple approaches US$4 trillion valuation as investors bet on AI momentum
APPLE is closing in on a historic US$4 trillion stock market valuation, powered by investors cheering progress in the company’s long-awaited AI enhancements to rejuvenate sluggish iPhone sales. The company has pulled ahead of Nvidia and Microsoft in the race to the monumental milestone, thanks to an about 16 per cent jump in shares since…
Read MoreSembcorp makes debut on Dow Jones Sustainability Asia Pacific Index
Other Singapore companies on the index are CapitaLand Investment, ComfortDelGro, Keppel, ST Engineering, and Wilmar International SEMBCORP Industries was on Monday (Dec 23) included in the Dow Jones Sustainability Asia Pacific Index for the first time, joining five other Singapore companies. The other companies on the index are CapitaLand Investment (CLI), ComfortDelGro, Keppel, ST Engineering,…
Read MoreIndia puts brakes on a 10,000% stock rally over fake disclosures
India’s securities market regulator on Monday (Dec 23) suspended trading in shares of Bharat Global Developers, the latest in a string of crackdowns on companies manipulating their stock price through accounting frauds and fake disclosures. Bharat Global falsely claimed to have won large orders from corporates such as Reliance Industries, Tata Group, McCain India Agro…
Read MoreUber investors are calling for more transparency into driver pay
A GROUP of investors in Uber Technologies is calling on the ride-hailing service to disclose more information on how it pays drivers, saying a clearer breakdown is critical to assessing the company’s ability to make money. SOC Investment Group, an adviser to labour union pension funds representing a stake of less than 1 per cent…
Read MoreMalaysia Airlines grounds new Airbus jet over safety concerns
MALAYSIA Airlines has grounded its new Airbus A330neo jet just days after its maiden flight because of technical issues, local media reported, another operational setback for the national carrier. “The root cause is coming from the factory and it is affecting the reputation and brand of Malaysia Airlines,” chief executive officer Izham Ismail was quoted…
Read MoreMalaysia Airlines grounds new Airbus jet over safety concerns
MALAYSIA Airlines has grounded its new Airbus A330neo jet just days after its maiden flight because of technical issues, local media reported, another operational setback for the national carrier. “The root cause is coming from the factory and it is affecting the reputation and brand of Malaysia Airlines,” chief executive officer Izham Ismail was quoted…
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