Posts by Yurie Miyazawa
Nanofilm Technologies re-appoints founder as CEO
Current CEO will remain until Jun 13, 2025 to ensure a smooth transition of his duties and responsibilities NANOTECHNOLOGY solutions provider Nanofilm Technologies has appointed its founder Shi Xu to be its incoming chief executive officer from Jan 1, next year after its current CEO Gary Ho resigned after more than four years at the…
Read MoreTop Glove swings back to black with RM5.5 million Q1 net profit
GLOVE manufacturer Top Glove posted a net profit of RM5.5 million (S$1.7 million) for the first fiscal quarter ended November, reversing its net loss of RM57.7 million in the previous corresponding period. This translates to an earnings per share of 0.07 sen compared with the previous year’s loss of 0.72 sen per share. On Friday…
Read MoreBeijing woos AstraZeneca for investment while probe continues
BEIJING’S mayor called on AstraZeneca to expand its research and development investment in the Chinese capital, signalling that a probe against some of its executives will not affect business ties with the UK drugmaker. The call for investments came during a virtual meeting between Astra’s chief executive officer Pascal Soriot and Mayor Yin Yong on…
Read MoreSK Hynix completes deal for US$958 million in US chips grant, loan
THE Biden administration has cemented a deal to give SK Hynix as much as US$458 million in grants and US$500 million in loans to support an advanced chip packaging facility in Indiana, a key part of US efforts to build a domestic semiconductor supply chain. The final contract, which is slightly more than a preliminary…
Read MoreAsia: Markets mixed as traders digest Fed’s hawkish pivot
EQUITIES fluctuated on Friday (Dec 20) and the dollar maintained its gains against its peers as investors assessed the fallout from the Federal Reserve’s outlook for interest rate cuts and possible impact of Donald Trump’s presidency on the economy. Data showing Japanese inflation rose more than expected last month did little to help the yen,…
Read MoreSingapore shares open lower on Friday; STI down 0.5%
SINGAPORE stocks opened lower on Friday (Dec 20), following another downbeat session on Wall Street as the US Federal Reserve’s hawkish pivot continued to weigh on sentiment. The Straits Times Index (STI) fell 18.92 points or 0.5 per cent to 3,743.96 as at 9.01 am. Across the broader market, losers outnumbered gainers 73 to 33,…
Read MoreSingapore shares mirror regional declines; STI down 1.1%
THE Straits Times Index (STI) continued to falter on Friday (Dec 20), mirroring regional indices. The STI was down 1.1 per cent or 42.95 points at 3,719.93. The top gainer was Mapletree Pan Asia Commercial Trust, which rose 0.8 per cent or S$0.01 to S$1.20. The biggest loser was Jardine Matheson, down 2.3 per…
Read MoreNvidia’s Vietnam deal: a game changer or just noise?
IN VIETNAM, Google Trends – a feature that shows what people are searching for online in real-time – is usually dominated by…
Read MoreCromwell E-Reit divests 2 office assets in Italy for 20.9 million euros
This increases the Reit’s exposure to the logistics and light industrial sector Cromwell European Real Estate Investment Trust (Cromwell E-Reit) announced on Friday (Dec 20) that it entered two sale and purchase agreements to sell two office properties in Italy for 20.9 million euros (S$29.5 million), at a blended 7.7 per cent premium to the…
Read MoreChina’s ‘old shop’ jeweller bucks slowdown with 437% stock rally
IF ANYTHING glitters in China’s otherwise dour retail jewellery landscape, chances are it just might be from Laopu Gold. The Bejing-based jeweller, whose Chinese name translates to “old shop”, is luring shoppers as it outshines market leader Chow Tai Fook Jewellery Group and other local brands, from sales growth to stock performance. Revenue increased 148…
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