Posts by Yurie Miyazawa
21 Singapore companies on inaugural list of Asean’s 30 top tech start-ups
SINGAPORE-BASED companies have made a strong showing in an inaugural list of Asean’s 30 top tech start-ups, accounting for 21 of them. The NextGen Tech 30 list, released on Sept 24 by tech venture-capital firm Granite Asia, includes patent database Patsnap, fintech firms ShopBack and Aspire, and cyber-security firm Ensign Infosecurity. The remaining nine start-ups…
Read MoreSpotify expands AI Playlist feature to new markets including US, Canada
SPOTIFY is expanding its tool that helps create playlists using generative artificial intelligence (AI) for premium users to four new markets, including the United States and Canada, the Swedish streaming giant said on Tuesday (Sep 24). AI Playlist, which is currently offered in beta, helps subscribers personalise their selection of songs that can be refined…
Read MoreFAA chief says SpaceX needs to operate at ‘highest level of safety’
ELON Musk’s SpaceX must operate at the “highest level of safety,” the head of the US Federal Aviation Administration said on Tuesday, defending a proposed US$633,000 fine against the company for violating agency rules ahead of two 2023 launches. “They’ve been around 20 years, and I think they need to operate at the highest level…
Read MoreEurope: Shares end higher as markets cheer China’s stimulus plans
EUROPEAN shares ended higher on Tuesday, with China-exposed firms such as luxury giants and automakers at the helm of gains after China’s central bank unveiled broad stimulus measures to aid its ailing economy. The pan-European Stoxx 600 index closed 0.7 per cent higher. The stand out regional performer with a 1.3 per cent jump was France, which…
Read MoreOil prices climb 2% on China stimulus, Middle East conflict
OIL prices climbed about 2 per cent to a three-week high on Tuesday (Sep 24) on news of monetary stimulus from China, the world’s top importer, and concerns that conflict in the Middle East could hit regional supply while another hurricane threatened supply in the US, the world’s biggest crude producer. Brent futures were up…
Read MoreMaryland sues cargo ship owner, operator over Baltimore bridge collapse
THE state of Maryland on Tuesday (Sep 24) filed civil claims against the owner and operator of the cargo ship that struck the Francis Scott Key Bridge in March, killing six people and paralysing a major transportation artery for the US Northeast. The lawsuit seeks damages from two Singaporean companies that are the registered owner…
Read MoreFrasers Hospitality Trust managers appoint Benjamin Kuah as CFO
He is currently the head of finance at Frasers Hospitality International, a role that he took up in January 2024 THE managers of Frasers Hospitality Trust – a stapled group comprising Frasers Hospitality Reit and Frasers Hospitality Business Trust – have named Benjamin Kuah as chief financial officer (CFO) on Tuesday (Sep 24). The 44-year-old…
Read MoreChina’s big-bang stimulus boosts yuan; Aussie up after RBA
CHINA’S yuan hit a 16-month high on Tuesday (Sep 24), after stimulus measures infused broader markets with enthusiasm and boosted the euro, while the Australian dollar touched a 2024 peak after the central bank reiterated its determination to tame inflation. Beijing’s new measures – including a planned 50 basis point cut to banks’ reserve requirements…
Read MoreTikTok to shut down its music streaming business in November
TIKTOK plans to discontinue its music service in November, ending a years-long experiment to compete with Spotify Technology and Apple. TikTok Music will go offline on Nov 28 and customer data will be deleted, the music division said in a post on its website. Users were told to transfer playlists to other services no later…
Read MoreSTI cedes gains, bucks regional trend
Across the broader market, advancers outnumber decliners 405 to 219, as 1.4 billion shares worth S$1.7 billion change hands THE Straits Times Index (STI) faltered on Tuesday (Sep 24), as regional indices posted gains at the end of the trading day. The STI was down 0.4 per cent or 15.8 points from the highs of…
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