Posts by Yurie Miyazawa
What to Do If You Find a Lost Wallet
Stumbling upon a lost wallet can be a bit of a dilemma. You want to do the right thing, but figuring out the best way to return it isn’t always straightforward. From searching for contact info to deciding where to hand it over, there are a few steps you can take to make sure it…
Read MoreDyna-Mac fires CEO following review of business after close of Hanwha’s exit offer
OFFSHORE oil-and-gas contractor Dyna-Mac has fired its executive chairman and chief executive officer Lim Ah Cheng. It said in a bourse filing late on Monday (Dec 16) that Lim was fired with immediate effect following a review of its business after Hanwha Ocean SG completed the acquisition of the company. As the board of directors…
Read MoreUS: Wall Street edges higher at the open as investors await Fed
THE S&P 500 and the Nasdaq opened higher on Monday (Dec 16), while the Dow was little changed, as investors looked ahead to an anticipated Federal Reserve interest rate cut later in the week. The Dow Jones Industrial Average fell 2.3 points, or 0.01 per cent, at the open to 43825.76. The S&P 500…
Read MoreLamborghini delays first EV launch to 2029 as market not ready
ITALY’S Lamborghini will always make cars in Italy as it plans to launch its first electric model only in 2029, amid a market for luxury sports cars which is not ripe for full electrification, CEO Stephan Winkelmann said on Monday (Dec 16). Lamborghini, a unit of Volkswagen, had previously said its first EV was due…
Read MoreSIA Group’s passenger traffic up 8.3% in November
PASSENGER traffic for the two carriers under the Singapore Airlines (SIA) Group was 8.3 per cent higher in November 2024 compared with the same period a year ago, according to the company’s latest operating update released on Monday (Dec 16). Passenger traffic, which measures the demand for an airline’s service and is derived by multiplying…
Read MoreGrab’s big quarter has some analysts seeing further stock gains
There are more gains to come in Grab Holdings’ stock after a 35 per cent surge so far this quarter, according to some analysts. The ride-hailing and delivery firm will boost its profit as it fends off competition and benefits from scale, according to Evercore ISI International, which recently raised the stock’s price target to…
Read MoreAllianz confirms withdrawal of offer for Income Insurance
ALLIANZ said it has withdrawn its pre-conditional offer to buy at least 51 per cent of the shares in Income Insurance. “We respect the Singapore government’s decision,” Renate Wagner, the Allianz board member responsible for Asia-Pacific, said in a statement on Monday (Dec 16). Singapore’s government announced at a Parliament sitting on Oct 14 reasons…
Read MoreCLI to acquire Australian credit investment manager Wingate for A$200 million
CAPITALAND Investment (CLI) is acquiring the property and corporate credit investment management business of Wingate Group in Australia for A$200 million (S$173 million), to expand its private credit business and portfolio in the country. This will come on top of an earn-out that will be based on Wingate’s performance over a period of three years after the completion…
Read MoreHSBC sued by Australian regulator for bank scam loss failures
AUSTRALIA’S markets watchdog sued HSBC Bank of Australia for failing to protect customers who lost millions of US dollars in scams. HSBC received about 950 reports of unauthorised transactions between January 2020 and August 2024, resulting in customer losses of about A$23 million (S$19.8 million), according to an Australian Securities and Investments Commission (ASIC)…
Read MoreCatalist-listed SIAMH may have gone public before it was ready – MAS review group should figure out why
Can the enablers of public listings be incentivised to ensure that companies do not come to market without a credible growth story? When news broke earlier this month that the external auditors of the Singapore Institute of Advanced Medicine Holdings (SIAMH) had issued a disclaimer of opinion on its latest financial statements, I imagined that…
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