Posts by Yurie Miyazawa
Oatly to shut S$30 million plant jointly invested with Yeo Hiap Seng
SWEDISH drink manufacturer Oatly will be shutting its Singapore plant – jointly invested with local food and beverage company Yeo Hiap Seng for S$30 million – after just three years in operation. The move is a result of Oatly’s ongoing evaluation of its supply chain network in Asia, and is aligned with an asset-light supply…
Read MoreAsia-Pacific Strategic Investments looks to manage two airports in Timor-Leste
CATALIST-listed Asia-Pacific Strategic Investments will be operating and managing two airports in Timor-Leste, after inking a cooperation agreement with Francisco Kalbuadi Lay, the country’s vice-prime minister, coordinating minister for economic affairs, as well as minister of tourism and the environment. This marks the company’s potential entry into the aviation infrastructure sector, and this proposed diversification will…
Read MoreHong Kong watchdog searches finance firms’ offices in Nasdaq listings probe
HONG Kong’s securities watchdog last month searched the offices of about a dozen finance firms and individuals as part of a probe of company listings on the Nasdaq exchange, according to people familiar with the matter. The Securities and Futures Commission (SFC) is reviewing Hong Kong brokers, representatives of US underwriters and investors backing the…
Read MoreBain and KKR battle for Fuji Soft heats up as Bain goes hostile
BAIN Capital said on Wednesday (Dec 18) it plans to launch a tender offer for Fuji Soft shares even without the backing of the Japanese firm’s board should a second-round bid from rival suitor KKR fail. The estimated US$2 billion bid for just under half of the Japanese IT firm’s shares likely portends a rare…
Read MoreSingapore claims 3 spots in 2024’s list of top 10 busiest flight routes worldwide: OAG
SINGAPORE is on several of the world’s busiest international flight routes this year, according to The Busiest Flight Routes of 2024 report released by global travel data platform OAG on Wednesday (Dec 18). The city-state featured thrice in OAG’s list of top 10 busiest international flight routes globally for the year. The list ranks flight…
Read MoreChipmaker Kioxia surges 12% in Tokyo debut after jumbo IPO
MEMORY-chip maker Kioxia Holdings soared 12 per cent in its debut on the Tokyo Stock Exchange on Wednesday (Dec 18), underscoring strong investor demand for new shares in Japan. After dropping at the start of the day, the company extended gains in afternoon trading, rising far above its initial public offering price, valuing the firm…
Read MoreST Engineering wins S$180 million in contracts for Bangkok rail project
THE urban solutions business of ST Engineering has bagged about S$180 million worth of contracts for the new 35.9-km mass rapid transit (MRT) Orange Line in Bangkok, Thailand. On Wednesday (Dec 18), ST Engineering said it will provide its latest communications system, Supervisory Control and Data Acquisition (Scada) system, and Agil Platform Screen Door (PSD)…
Read MoreSingapore shares retreat at Wednesday’s open; STI down 0.2%
SINGAPORE stocks started trading in negative territory on Wednesday (Dec 18) morning, mirroring overnight losses in global markets. As at 9.01 am, the Straits Times Index (STI) opened 0.2 per cent or 6.16 points lower at 3,793.77. Across the broader market, gainers outnumbered losers 47 to 45 after 18.9 million securities worth S$32.1 million changed…
Read MoreStocks to watch: Cosco Shipping, Keppel DC Reit, Sembcorp Industries, Cromwell E-Reit
THE following companies saw developments that may affect the trading of their securities on Wednesday (Dec 18): Cosco Shipping: The logistics management service provider began work on Phase Two of its logistics hub on Jurong Island on Tuesday. Upon completion, the hub’s capacity will be nearly double of what it is at present, with an…
Read MoreMost Expensive Monopoly Set Ever Made
Ever wondered what the most expensive Monopoly set looks like? Well, it’s not your average board game. Created by Sidney Mobell, this Monopoly set is nothing short of a masterpiece, crafted with gold and encrusted with jewels. It’s a game that costs a whopping $2 million! This isn’t just a game; it’s a piece of…
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