Posts by Yurie Miyazawa
BT’s Ang Guangzheng wins Experiential Treat prize at SGX Orb Awards
THE Business Times’ Ang Guangzheng took home the Experiential Treat award at this year’s Singapore Exchange (SGX) Orb Awards, which recognise excellence in financial news and content. Ang, head of video at BT, won for his piece “13 blue-chip stocks to track after Budget 2024”. It was a joint win with CNA Money Mind’s Seah…
Read MoreWhat are airlines doing in response to Cathay Pacific’s Airbus A350 engine failure?
SEVERAL airlines are carrying out precautionary inspections on their Airbus A350 fleets after Hong Kong’s Cathay Pacific found 15 planes that needed fuel line repairs following the in-flight failure of an engine part on Sep 2. The issue occurred on a five-year-old Airbus A350-1000, which uses Rolls-Royce’s Trent XWB-97 engines, but carriers are also inspecting…
Read MoreFoxconn’s August sales climb 33% on AI demand
HON Hai Precision Industry’s revenue rose 33 per cent in August, accelerating from the previous month thanks to demand for servers powering AI applications. Apple’s main manufacturing partner, also known as Foxconn, reported sales of NT$548.3 billion (S$22.3 billion) – a record for the month of August. That pace was up sharply from growth of…
Read MoreBMW to sell hydrogen cars from 2028 in partnership with Toyota
BMW has operated a small test fleet of hydrogen-powered iX5 sport utility vehicles since 2023 BMW plans to start selling hydrogen-powered vehicles in four years in a bid to establish the technology as an alternative to battery-electric cars. The German luxury-car maker will develop a new generation of fuel-cell powertrains with partner Toyota Motor, it…
Read More💬 When your boss messages you after working hours
👮 “Can’t respond now – don’t want to break the law!” It would be a dream to schedule such an auto-reply to my boss one day. Jokes aside, Australia’s “right to disconnect” rule does not actually ban employers from contacting workers after hours. Instead, it gives workers an “enforceable workplace right to refuse to monitor,…
Read MoreSingapore’s holidaymakers toast strongest advance by local dollar in a decade
IT’S been more than a decade since Singapore’s dollar was last this strong against its US counterpart, and the effects are being felt by everyone from importers and exporters to shoppers and tourists. The exchange rate touched the highest level since 2014 on Aug 26, not long after Prime Minister Lawrence Wong highlighted the importance…
Read MoreSingapore shares open higher on Thursday; STI up 0.5%
SINGAPORE equities began Thursday (Sep 5) firmly in positive territory after global equities largely fell overnight. As at 9.01 am, the Straits Times Index (STI) surged 16.19 points or 0.5 per cent to 3,457.57. Across the broader market, gainers outnumbered losers 72 to 20 after 46.7 million securities worth S$56.5 million changed hands. China Kunda…
Read MoreStocks to watch: IHH Healthcare, NeraTel
THE following companies saw new developments that may affect trading of their securities on Thursday (Sep 5): IHH Healthcare: The integrated healthcare provider on Wednesday announced that its indirect wholly owned subsidiary, Pantai, was proposing to fully acquire Island Hospital in Penang, Malaysia, for RM3.9 billion (S$1.2 billion) in cash. The transaction will be funded…
Read MoreTrump family crypto project vows to ‘ensure dollar’s dominance’
A CRYPTOCURRENCY project that’s being promoted by Donald Trump and his sons is starting to take shape, with a focus on encouraging the dominance of the US dollar in decentralised finance. While official details remain scarce, the project known as World Liberty Financial implied in social-media posts that it is being developed on top of…
Read MoreRobinhood reaches US$3.9 million settlement with California over crypto withdrawals
A CRYPTOCURRENCY platform run by Robinhood Markets will pay US$3.9 million for failing to let customers withdraw cryptocurrency from their accounts from 2018 to 2022, California Attorney General Rob Bonta said on Wednesday. The settlement with Robinhood Crypto also resolves claims that the platform failed to fully disclose aspects of its trading and order handling arrangements. Bonta said the…
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