Posts by Yurie Miyazawa
South-east Asia’s solar boom threatened by US-China trade tension
THE future of South-east Asia’s booming solar industry, which produces the most panels in the world after China, is being thrown into doubt as the United States looks set to impose hefty tariffs on the region. Chinese firms that set up factories there over the last decade are now being accused of skirting US import…
Read MoreVolkswagen’s China partner sees revenue shortfall as price war continues
CHINESE electric car maker Xpeng forecasted third-quarter revenue that will miss analysts’ estimates, as the company feels the impact of a continued price war in its home market. While the company will deliver between 41,000 and 45,000 vehicles this quarter – above the average estimate of 40,000 – it expects to post a maximum revenue…
Read MoreStarHub broadband service restored after DNS server outage on Tuesday
STARHUB broadband customers experienced an outage which disrupted their access to the Internet just before 8 pm on Tuesday (Aug 20), but the telco announced at 9.15 pm that it expected its broadband and TV+ services to be back online progressively after it successfully “rerouted traffic”. It recommended that customers reboot their routers if they…
Read MoreSats back in the black in Q1 on growth in air cargo volume and inflight meal demand
It posts net profit of S$65 million as revenue rises to S$1.4 billion, up 15.5 per cent Sats on Tuesday (Aug 20) posted a net profit of S$65 million for the first quarter ended Jun 30, 2024, from a loss of S$29.9 million over the same period a year earlier. This came as revenue for…
Read MoreLessons to grow the local stock market from fantasyland’s Great Eastern-Income Insurance union
Will business owners sacrifice near-term value to help develop Singapore’s bourse? Fears of a hard landing for the US economy sent stock markets in the US, Europe and Asia, including Singapore, plunging in early August. Still, a slowing US economy may not hurt Singapore businesses that much. Many local businesses can count on growth in…
Read MoreSGX FX adds MUFG as liquidity provider
Exchange says the partnership will help deepen liquidity to platform’s client base THE Singapore Exchange (SGX) announced on Tuesday (Aug 20) that it has added Mitsubishi UFJ Financial Group (MUFG) as a liquidity provider to its eFX trading solutions platform for global buyside institutions. “This partnership marks a significant milestone in SGX FX’s ongoing commitment…
Read MoreChina makes 220 billion yuan nuclear push with record approvals
CHINA approved 11 nuclear reactors across five sites on Monday (Aug 19), a record amount of permits as the government leans even more heavily on atomic energy to support its push to cut emissions. The State Council greenlighted the new reactors in sites spread across Jiangsu, Shandong, Guangdong, Zhejiang and Guangxi, state-run China Energy News…
Read MoreGold holds ground above US$2,500 on weaker dollar; markets await Fed minutes
GOLD prices held above the US$2,500 mark on Tuesday (Aug 20), buoyed by a weaker US dollar and Treasury yields, while traders awaited minutes of the Federal Reserve’s last policy meeting for further cues on interest rate cuts. Spot gold edged 0.1 per cent higher to US$2,505.92 per ounce by 0038 GMT. Prices had hit…
Read MoreSingapore shares inch up at Tuesday’s open; STI up 0.1%
SINGAPORE shares started trading in positive territory on Tuesday (Aug 20), mirroring overnight gains in the global markets. As at 9.01 am, the Straits Times Index (STI) opened 0.1 per cent or 4.32 points higher at 3,359.88. Across the broader market, gainers outnumbered losers 81 to 24 after 46 million securities worth S$48.4 million changed…
Read MoreKeppel, ADB, EnterpriseSG to explore US$800 million of energy and environmental projects
KEPPEL has inked a memorandum of understanding with Asian Development Bank (ADB) and Enterprise Singapore (EnterpriseSG) to explore US$800 million worth of energy transition and environmental sustainability opportunities in the Asia-Pacific. These projects are expected to be a part of the pipeline of infrastructure assets for Keppel’s private funds and listed business trust, the asset manager…
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