Posts by Yurie Miyazawa
Hefner Capital offers US$100 million, equity to buy Playboy brand
Hefner Capital, a firm led by Hugh Hefner’s son Cooper, has expressed interest in acquiring the Playboy brand from PLBY Group, according to people with knowledge of the matter. Cooper Hefner made the non-binding overture for all of Playboy’s brand assets, which includes intellectual property associated with Playboy, to PLBY’s board, led by chairman Suhail…
Read MoreBYD bets on Brazil agribusiness to drive sales of hybrid pickup truck
BYD has launched its sixth model in Brazil this year, gambling that its hybrid pickup truck can take on the likes of Toyota Motor and Ford Motor in the Chinese carmaker’s latest endeavour for world domination. The company earlier this month made its 436-horsepower Shark hybrid pickup available for pre-order at 379,800 reais (S$87,032).…
Read MoreHDB shophouses drawing bigger players with attractive yields and affordability
Transactions for these assets in public housing estates on the rise, thanks to relatively high yields of 4-6% INTEREST in Housing and Development Board (HDB) shophouses is on the rise, with buyers drawn to their relatively high yields, high-traffic locations and limited supply in the market for assets in public housing estates. Although prices have…
Read MoreSTI bucks Wall Street rally and dips 0.7%
The benchmark performance was in line with the broader market, which saw decliners beating gainers 324 to 251. THE Straits Times Index (STI) ended 0.7 per cent or 25.61 points lower at 3,614.58 points on Monday (Oct 21), unable to benefit from the rally on Wall Street last Friday. The benchmark performance was in line…
Read MoreCitic to sell stake in McDonald’s China, HK operations for US$430.3 million
CHINA’S state-owned Citic has agreed to sell its 19.23 per cent stake in the company that operates fast-food chain McDonald’s across China and Hong Kong for US$430.3 million, fully exiting the business. It will sell the stake in Fast Food Holdings to a unit of Chinese private equity firm Trustar Capital Partners, Citic said in…
Read MoreGreat Eastern gets further extension to Jan 24 to explore options for free float rule
GREAT Eastern Holdings now has until Jan 24, 2025, to explore options to comply with free float requirements under the Singapore Exchange’s (SGX) listing rules. The insurer had made an application to SGX for a further extension of time to examine its options for complying with these requirements, as OCBC’s final shareholding in Great Eastern…
Read MoreIEA says oil demand growth weakness to continue on China and EVs
GLOBAL oil demand growth will continue to weaken due to China’s economic slowdown and the rapid uptake of electric vehicles, according to the International Energy Agency (IEA). “This year, global oil demand is very weak, much weaker than previous years, and we expect this will continue because of one word – China,” Fatih Birol, the…
Read MorePBOC programme sparks buybacks, long-term value doubt
23 companies listed in Shanghai and Shenzhen have applied for more than 10 billion yuan in loans The Chinese central bank’s programme to issue loans for share buybacks has provided immediate support for stock prices but also raised questions about its long-term effectiveness and borrowers’ intrinsic value, according to traders and analysts. After the People’s…
Read MoreVietnam to amend national power plan to include nuclear energy
VIETNAM will amend its national power development plan, known as PDP8, to include options for nuclear energy and hydrogen, the Minister of Industry and Trade said on Monday (Oct 21). The PDP8 will be amended in a way to also add more renewables to the mix, including solar and wind, Nguyen Hong Dien told the…
Read MoreChina’s steel demand to fall below half of global consumption in 2024
CHINA will account for less than half of the world’s steel consumption in 2024 for the first time in six years as the decline in the country’s real estate sector pummels demand for the metal, according to the World Steel Association (Worldsteel). The forecasts showed diverging prospects between China – the major driver of global…
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