Posts by Yurie Miyazawa
BYD’s Pakistan JV sees government support as critical for EVs
The company is looking to the country to help it continue to grow even as its monthly sales have stagnated recently in China Published Wed, Jul 23, 2025 · 07:31 AM [KARACHI] BYD’s joint venture (JV) in Pakistan sees government support for electric vehicles (EVs) as key to the success of its plan to start…
Read MoreTrump tariffs take US$1-billion bite out of GM earnings, shares fall
[BENGALURU] General Motors’ (GM) second-quarter earnings took a US$1.1-billion hit from tariffs, but the automaker still beat analyst expectations for the period on Tuesday (Jul 22), supported by strong sales of its core petrol trucks and SUVs. The largest US automaker by sales said it expects the tariff impact to worsen in the third quarter…
Read MoreMicrosoft offers some salespeople extra pay following layoffs
In recent months, the company has terminated some 15,000 people in two rounds of major layoffs Published Wed, Jul 23, 2025 · 06:14 AM [NEW YORK] Microsoft, fresh off a round of layoffs impacting its salespeople, is offering bonuses to some survivors. Additional pay for the fiscal year that just ended will go to workers…
Read MoreLockheed Martin’s Q2 profit plummets on US$1.6 billion charge
[WASHINGTON] Lockheed Martin reported on Tuesday (Jul 22) that its second-quarter profit plunged by about 80 per cent, after the US defence giant recorded pre-tax losses of US$1.6 billion, mainly linked to a classified programme within its Aeronautics segment. Net income fell to US$342 million, or US$1.46 per share, compared with US$1.64 billion, or US$6.85…
Read MoreSIA Engineering Q1 net profit rises 29.2% to S$42.9 million on strong MRO demand
[SINGAPORE] Aircraft maintenance provider SIA Engineering Company (SIAEC) on Tuesday (Jul 22) reported a net profit of S$42.9 million for the first quarter ended Jun 30, up 29.2 per cent from S$33.2 million in the year-ago period. The group’s revenue for Q1 FY2026, at S$358.4 million, was 33.4 per cent higher than the S$268.7 million…
Read MoreMicrosoft rushes to stop hackers from wreaking global havoc
[WASHINGTON] Hackers exploited a security flaw in common Microsoft software to breach governments, businesses and other organisations across the globe and steal sensitive information, according to officials and cybersecurity researchers. Microsoft over the weekend released a patch for the vulnerability in servers of the SharePoint document management software. The company said that it was still…
Read MoreChinese investors snap up Hong Kong stocks as flows near record
The accelerated buying comes as the Hang Seng China Enterprises Index has gained 24% this year Published Tue, Jul 22, 2025 · 05:36 PM [HONG KONG] Mainland Chinese investors’ purchase of Hong Kong-listed stocks is approaching an annual record, driving a rally that has made a key benchmark in the city one of the world’s…
Read MoreThai Cabinet approves Vitai Ratanakorn as next central bank chief
Published Tue, Jul 22, 2025 · 02:34 PM [BANGKOK] Thailand’s cabinet on Tuesday (Jul 22) gave its approval for Vitai Ratanakorn to be the next governor of the Bank of Thailand, a government official said. The appointment of Vitai, 54, the president and CEO of the Government Savings Bank, would be subject to royal approval…
Read MoreInstead of being a universal bank across Asean, CIMB wants to have a niche in each market, says group CEO
[KUALA LUMPUR] CIMB wants to find its niche in each of the markets it is in, instead of trying to serve every customer segment across Asean, said group chief executive officer Novan Amirudin. The Malaysian lender positions itself as an Asean-focused bank and has operations in 10 markets globally. As one of the largest banks…
Read MoreTiming of JS-SEZ a lot more promising than some previous attempts: CIMB
[KUALA LUMPUR] The timing of the Johor-Singapore Special Economic Zone (JS-SEZ) is “a lot more conducive” today than some of the previous attempts to do something similar, said Chu Kok Wei, CEO of group wholesale banking at CIMB. Chu said there are not many good global examples of successful cross border special economic zones, “simply…
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