Posts by Yurie Miyazawa
Samsung invests US$1.8 billion more in Vietnam for Oled manufacturing plant
SOUTH Korean electronic manufacturer Samsung Display plans to invest US$1.8 billion for a factory this year in northern Vietnam to produce Oled displays for automobiles and technology equipment, the South-east Asian country said on Sunday (Sep 22). The new facility for the manufacture of organic light-emitting diode (Oled) displays will be located in Yen Phong…
Read MoreVietnam aims for one semiconductor fab plant, 10 packaging plants by 2030
VIETNAM aims to have at least one semiconductor fabrication plant and 10 packaging plants by 2030, and will launch a fund to help foreign investors mitigate the impacts of the global minimum business tax, the government said. The country’s semiconductor industry is targeting revenue of US$25 billion by 2030, the government said in a statement…
Read MoreChina stimulus hopes rise as PBOC cuts rate, plans briefing
CHINA announced plans for a rare briefing on the economy by three top financial regulators just as it cut one of its short-term policy rates, fuelling speculation authorities are preparing to ramp up efforts to revive growth. Authorities announced on Monday (Sep 23) that central bank governor Pan Gongsheng will hold a press conference tomorrow…
Read MorePolice called to office at Ubi Techpark after unhappy investors demand refund from gemstone scheme
INVESTORS trying to get their money back from a gemstone scheme which bears the hallmarks of a multi-level marketing programme say they have been stonewalled for years. The investors, who set up a chat group of about 100 participants, include a number of elderly retirees. On Aug 23, about 10 of them turned up at the…
Read MoreSingapore Exchange targets Dubai expansion to follow hedge funds
SINGAPORE Exchange is eyeing expansion into Dubai, drawn by the surge of hedge funds that have settled in the United Arab Emirates. An influx of the firm’s clients settling in the emirate is strengthening the case for opening a new office, complementing its operations in nine other countries, Lee Beng Hong, head of wholesale markets…
Read MoreRinggit poised to sustain rally after best quarter in 50 years
THE Malaysian ringgit is set for its best quarter since 1973, with a likely refrain by the central bank from cutting interest rates seen to extend the currency’s rally. The ringgit has risen more than 12 per cent against the greenback so far this quarter, making it the best-performing emerging market currency. Narrowing rate differentials…
Read MoreSpaceX plans to send five uncrewed Starships to Mars in two years, Musk says
SPACEX plans to launch about five uncrewed Starship missions to Mars in two years, CEO Elon Musk said on Sunday (Sep 22). Earlier this month, Musk had said that the first Starships to Mars would launch in two years “when the next Earth-Mars transfer window opens”. The CEO on Sunday said that the first crewed…
Read MoreRBA set to extend rate pause as housing crisis props up prices
AUSTRALIA’S record household debt was a key factor in the Reserve Bank of Australia’s (RBA) cautious approach to tightening, and now housing is an important consideration in the RBA becoming an outlier in the easing cycle and keeping interest rates on hold this week. Housing costs, including rents, constitute roughly a fifth of Australia’s consumer…
Read MoreFed is about to get validation for its jumbo rate cut
THE US Federal Reserve’s preferred price metric and a snapshot of consumer demand are seen corroborating both the central bank’s aggressive interest-rate cut and chair Jerome Powell’s view that the economy remains strong. Economists see the personal consumption expenditures (PCE) price index rising just 0.1 per cent in August for the second time in three…
Read MoreSingapore listcos must report direct and indirect greenhouse gas emissions from FY2025
Current plan is to ‘prioritise’ larger issuers to report Scope 3 emissions from FY2026 SINGAPORE-LISTED companies must start reporting their Scope 1 and Scope 2 greenhouse gas (GHG) emissions from the 2025 financial year, according to an enhanced sustainability reporting regime announced by the Singapore Exchange Regulation (SGX RegCo). Scope 1 covers an entity’s direct…
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