Posts by Yurie Miyazawa
Cordlife shareholder Nanjing Xinjiekou calls off plans to buy over remaining shares
It still remains “fully committed to leveraging on its expertise and resources to help the company navigate through its current challenges and rehabilitate the group’s business” THE substantial shareholder of Cordlife has called off plans to buy over the remaining shares of the embattled cord-blood bank. In a bourse filing on Monday (Aug 26), Cordlife…
Read MoreWhy Singapore Is Ideal for Remote Workers and Jobseekers
The pandemic flipped the work world on its head, making remote gigs the new norm. Jobseekers now think twice before staying in their home state or area. Remote gigs and flex hours are the new black, killing off the urge to commute or even stay put. Chew Siew Mee, Managing Director of Jobstreet by SEEK…
Read MoreSGX RegCo orders Halcyon Agri to delist
THE Singapore Exchange Regulation (SGX RegCo) has directed rubber manufacturer Halcyon Agri to delist, after it failed to restore the free-float requirement, the company said in a bourse filing on Monday (Aug 26). The directive from SGX RegCo said that sufficient time had been given to Halcyon Agri to ensure that at least 10 per…
Read MoreMillennium shuts 2 trading pods in Asia, managers to leave
Millennium Management shuttered two index-rebalancing pods in Asia this month, said a person with knowledge of the matter. The first was led by Shao Ying and the second by Zachary Corones, said the source, who asked not to be identified discussing private information. Both Hong Kong-based portfolio managers are leaving the company. The performance of…
Read MoreThomson Medical’s H2 net profit dips 2.5% to S$13.4 million
HEALTHCARE provider Thomson Medical posted a net profit of S$13.4 million for the second half of its 2024 fiscal year ending Jun 30, a 2.5 per cent dip from the same period a year ago. Revenue for the half-year period increased 6.6 per cent to S$183 million, mainly due to revenue contribution from Far East…
Read MoreDin Tai Fung to close 14 China outlets amid weak consumer spending
TAIWANESE dumpling chain Din Tai Fung will close more than a dozen stores in mainland China, a market that’s seen a brutal price war among restaurants to lure increasingly frugal Chinese consumers. Beijing Hengtai Feng Catering will shutter 14 of its more than 30 stores in the country, including in the capital Beijing, Tianjin, Qingdao,…
Read MoreDin Tai Fung to close 14 China outlets amid weak consumer spending
TAIWANESE dumpling chain Din Tai Fung will close more than a dozen stores in mainland China, a market that’s seen a brutal price war among restaurants to lure increasingly frugal Chinese consumers. Beijing Hengtai Feng Catering will shutter 14 of its more than 30 stores in the country, including in the capital Beijing, Tianjin, Qingdao,…
Read MoreTech giants urge Malaysia to pause plan for social media platform licences
The Asia Internet Coalition – whose members also include Apple, Amazon and Grab – says the proposed licensing regime is “unworkable” An Asian industry group that includes Google, Meta and X has called on the Malaysian government to pause a plan that will require social media services to apply for a licence, citing a lack…
Read MoreSinopec’s 1H profit up 2.6% on record output despite slumping product demand
China’s Sinopec posted a 2.6 per cent rise in net profit for the first half of the year, it said on Sunday (Aug 25), as record oil and gas output compensated for falling domestic demand for refined fuel and petrochemicals. China Petroleum & Chemical Corp, as Sinopec is officially known, reported on Sunday a net…
Read MoreNew Zealand to push through law to reverse ban on oil and gas exploration
NEW Zealand said on Monday (Aug 26) it would pass laws by the end of this year to reverse a ban on offshore oil and gas exploration, and take urgent steps to remove regulatory hurdles to import liquefied natural gas (LNG) amid energy shortages. The law would end the ban, in place since 2018, on…
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