Posts by Yurie Miyazawa
AIA Singapore’s new business value rises 27% in H1; new recruits up by 13%
AIA Singapore’s value of new business (VONB) rose 27 per cent on the year to US$219 million for the first half ended Jun 30, from US$173 million in the year-ago period, on a constant exchange-rate basis. The growth in VONB – a measure of expected profits from new premiums – came amid strong performances across…
Read MoreBinance hiring 1,000 as compliance spending tops US$200 million
BINANCE Holdings is hiring 1,000 people this year with many earmarked for compliance roles as the crypto exchange’s annual spending to meet regulatory requirements, including United States oversight under a plea deal, tops US$200 million. Chief executive officer Richard Teng, who is visiting the US to talk to monitors and officials, outlined the employment goals…
Read MoreTemasek prices 1 billion 10-year and 1.7 billion 30-year offshore Chinese yuan bonds
This comes after Temasek issued three offshore Chinese yuan bonds earlier this year TEMASEK Financial (I), also known as TFin-I, priced one billion 10-year and 1.7 billion 30-year offshore Chinese yuan bonds at par value, it said on Wednesday (Aug 21). The 10-year bond has a yield to maturity of about 2.8 per cent per…
Read MoreLHN secures 250 more keys in Q3
THE real estate management services group said on Thursday (Aug 22) that it secured 250 more keys across projects in 260 Upper Bukit Timah Road and 141 Middle Road. As of the third quarter this year, LHN manages 2,784 keys across its Coliwoo co-living projects in Singapore and Soho projects overseas. This is an increase…
Read MoreZomato to buy Paytm’s movie ticketing business for US$244 million
ZOMATO agreed to buy Paytm’s movie and events ticketing business for 20.5 billion rupees (S$319 million) in cash, snapping up an asset from the fintech pioneer to move beyond food and grocery delivery. As part of deal, Paytm parent One97 Communications will transfer its entire stake in the entertainment ticketing business to two units that…
Read MoreFederal Reserve steaming towards September rate cut, minutes from meeting show
THE US Federal Reserve appears to be very much on track for an interest rate cut in September after a “vast majority” of officials said such an action was likely, according to the minutes of the US central bank’s July 30-31 meeting. The minutes, which were released on Wednesday (Aug 21), even showed some policymakers…
Read MoreOla Electric shares surge 82% post-debut to hit US$7 billion value
THE rapid rise in Ola Electric Mobility shares is vindicating the founder’s push to list the company despite initial scepticism over valuation. The stock has surged nearly 82 per cent in less than two weeks, bringing its market capitalisation to over US$7 billion. The company’s initial public offering (IPO) was India’s biggest in two years…
Read MoreAbu Dhabi’s Mubadala adds to data centre bets with Yondr deal
MUBADALA Investment is investing in London-based data centre developer Yondr Group, marking the Abu Dhabi wealth fund’s latest foray into a sector that’s expected to benefit from booming demand for cloud services and artificial intelligence technology. The US$302 billion wealth fund said its investment will support growth at Yondr, which has contracted and reserved capacity…
Read MoreChipmaker Texas Instruments expects free cash flow to jump in 2026
TEXAS Instruments (TI) said on Tuesday (Aug 20) that its free cash flow (FCF) would jump in 2026 as demand rebounds and the analogue chipmaker tightens capital spending after pressure from activist investor Elliott Investment Management. The company has been building out its manufacturing capacity to prevent chip shortages such as those seen during the…
Read MorePetronas taps Adnoc, Storegga to evaluate carbon capture, storage in Malaysia
MALAYSIAN state energy firm Petroliam Nasional (Petronas) will collaborate with Abu Dhabi National Oil Company (Adnoc) and UK-based Storegga to evaluate carbon dioxide emissions storage in Malaysia, the companies said on Tuesday (Aug 20). The three companies have signed an agreement for assessing the CO2 storage capabilities of saline aquifers and the construction of carbon…
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