Posts by Yurie Miyazawa
Disney boosts dividend 33% after achieving streaming profit
WALT Disney raised its annual dividend by 33 per cent to US$1 a share, another sign that a turnaround plan put in place two years ago is paying off. The money will be distributed to shareholders in two 50 US cent instalments in January and July of next year. “With the company operating from a…
Read MoreRobinhood is coming to Asia in 2025
ROBINHOOD Markets will expand into Asia next year, with its local headquarters to be in Singapore, chief executive officer Vlad Tenev said. “We plan to be serving customers across Asia soon,” Tenev said on Wednesday (Dec 4) at the firm’s investor day in New York. The global expansion announcement comes on the heels of the…
Read MoreDBS sees risk assets in ‘sweet spot’ as inflation moderates and rate cuts loom
THE current economic environment is in a “sweet spot” for risk assets, said DBS senior investment strategist Daryl Ho, citing moderating inflation and the potential for gradual interest rate cuts as key drivers of market optimism. He was addressing 120 attendees at the bank’s Market Outlook 2025 – Beyond New Frontiers event on Wednesday (Dec…
Read MoreApple facing hurdles in adapting Baidu AI models for China, The Information reports
APPLE and Baidu are working to add AI features to iPhones sold in China, but are facing hurdles that could hurt the tech giant’s phone sales in the country, The Information reported on Wednesday (Dec 4). The companies, which are adapting Baidu’s large language models for iPhone users, are grappling with issues such as the…
Read MoreConsortium proposes HK$55.2 billion privatisation of Hong Kong-listed ESR
A CONSORTIUM of investors led by Starwood Capital Group, Sixth Street Partners and SSW Partners has made an offer to take Hong Kong-listed real estate fund manager ESR Group private at HK$13 a share in cash. This is 55.7 per cent higher than the closing price of HK$8.35 a share on Apr 24, ESR’s last…
Read MorePolitical drama hits South Korean markets with investors likely to stay cautious
NERVOUS investors sold off South Korean heavyweight stocks yesterday after the shock move by the country’s President Yoon Suk-yeol on Tuesday (Dec 3) night to declare martial law. Although the decree was lifted within hours, the South Korean market was still affected by the ongoing political uncertainty as opposition lawmakers filed a motion to impeach…
Read MoreHong Fok acquires five units at International Building for S$27.8 million
PROPERTY developer Hong Fok Corporation, through its wholly owned subsidiary Super Homes, has acquired five ground-floor units at International Building for S$27.8 million. With the acquisition, Hong Fok now owns all units in the 12-storey commercial development, as well as the location and potential of the properties, it said in a bourse filing on Wednesday…
Read MoreHow Much Do Artists Make on Spotify?
Spotify has transformed how artists share their music and earn money. But many wonder, how much do artists make on Spotify? This article explores Spotify’s payment structure, earnings per stream, and ways artists can maximize their income on the platform. Key Takeaways Artists earn about $0.003 to $0.005 per stream on Spotify. A million streams…
Read MoreSingapore investors think AI investments boost companies’ productivity, profitability: PwC survey
SINGAPORE investors think technological advances will be the most significant driver of change for the businesses they invest in – ahead of factors such as government regulation, geopolitics, supply chain instability, and changes in customer preferences. In fact, more than half expect generative artificial intelligence (AI) to boost productivity, revenue, and profitability for the companies…
Read MoreSingapore, Hong Kong to make up half of StanChart’s affluent business in ‘ambitious’ expansion plans
It is targeting US$200 billion in new assets and double-digit income growth in its wealth business over the next five years SINGAPORE and Hong Kong will continue to make up half of Standard Chartered’s affluent business, as the bank embarks on “ambitious” plans to expand the franchise, said Judy Hsu, chief executive of wealth and…
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