Posts by Yurie Miyazawa
What is Corporate Entrepreneurship?
Corporate entrepreneurship is when teams within a big company come up with, support, start, and run new businesses that use the company’s resources. This is different from just investing in other companies. It involves using the company’s own resources and is usually managed by internal teams. Corporate entrepreneurship is about more than just making new…
Read MoreHSBC raised fraud alarm that sparked collapse of fintech Stenn
A FINANCE firm backed by several influential Wall Street investors collapsed last week after HSBC Holdings discovered some of the company’s transactions may have been fraudulent. The UK operating companies of Stenn Technologies, which said it was valued at US$900 million in 2022, were placed into administration on last Wednesday (Dec 4). The filing…
Read MoreUS dollar steadies, Aussie drops after RBA, Chinese trade data
THE US dollar rose on Tuesday (Dec 10) ahead of US inflation data which could offer clues about the Federal Reserve’s monetary easing path, while analysts assess the likely impact of Donald Trump’s policies when he begins his second term as US President. The Australian dollar dropped sharply as the Reserve Bank of Australia (RBA)…
Read MorePrudential is said to consider selling stake in Eastspring
PRUDENTIAL is considering options including selling a minority stake in its asset manager Eastspring Investments to help broaden the business, according to people familiar with the matter. The insurer is working with a financial adviser on a review of Eastspring, the people said, asking not to be identified because the deliberations are private. A potential…
Read MoreTelco consolidation may not necessarily lead to recovery in mobile revenues
COMPETITION for mobile revenues among Singapore’s telcos has been intense, and it appears that prices for mobile phone plans have yet to find a bottom. Prices have been tumbling since mobile virtual network operator (MVNO) Circles.Life was launched on telco M1’s network in 2016. More recently, Eight – an MVNO that runs on StarHub’s network…
Read MoreECB officials to lock horns over how much cuts can boost economy
EUROPEAN Central Bank (ECB) officials agree that lower interest rates are needed to buoy the region’s shaky economy. How much they can actually help, though, is hotly contested. Some policymakers urge rapid cuts to encourage consumers to spend and businesses to invest. Others are more cautious, deeming challenges including high energy costs and a dearth…
Read MoreKeong Hong unit to sell stake in Katong Holdings for S$34.5 million
The group intends to utilise the net proceeds from the divestment for its working capital requirements and potential business opportunity KEONG Hong Construction, a wholly-owned subsidiary of Keong Hong Holdings, entered a non-binding agreement with private company MCSK for the proposed disposal of 20 per cent of the issued and paid-up share capital of Katong…
Read MoreSingapore Institute of Advanced Medical Holdings flagged for going concern uncertainties by external auditors
THE Singapore Institute of Advanced Medical Holdings (SIAMH) announced that external auditors of the company issued a disclaimer of opinion on the group’s results for the financial year ended Jun 30. In a report dated Dec 9, the auditors noted the presence of material uncertainties that could cast significant doubt on the ability of SIAMH…
Read MoreSingapore Institute of Advanced Medicine Holdings flagged over uncertainties about staying afloat
External auditors note the presence of material uncertainties that could cast significant doubt on its ability to continue as a going concern THE Singapore Institute of Advanced Medicine Holdings (SIAMH) announced that external auditors of the company issued a disclaimer of opinion on the group’s results for the financial year ended Jun 30. In a…
Read MoreSembcorp receives court judgment validating its South African water asset divestments
In November of 2020, Sembcorp announced that it had entered into legal proceedings over the matter THE South African Supreme Court ruled in an update to legal proceedings that the Sembcorp group’s 2018 divestments of its South African water assets, which a third party contested in court, were valid. On Tuesday (Dec 10), the group…
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