Posts by Yurie Miyazawa
Trustee-manager of Dasin Retail Trust gets letter of demand for sum of S$214,000
The sum is for a financial consultancy agreement between the trustee-manager and GSUM-Titanland Capital THE trustee-manager of Dasin Retail Trust said on Thursday (Jul 10) that it has received a letter of demand from GSUM-Titanland Capital for S$214,000, allegedly outstanding from a financial consultancy agreement. The agreement between the trustee-manager and GSUM-Titanland was inked when…
Read MoreGerman environmental authorities approve Tesla site expansion
Tesla can set up an asphalted logistics area for new vehicles, as well as stairwells on its pressing plant and an access guard Environmental authorities in the German state of Brandenburg, where Tesla has its gigafactory, have approved the U electric vehicle maker’s application to expand its Gruenheide plant, another hurdle cleared in the carmaker’s…
Read MoreBHP trims employee incentives across the globe
The world’s largest listed miner will only pay 80 per cent of short-term incentives that were on offer in 2023-24 BHP Group has notified tens of thousands of its global workers that it will cut incentive pay after the miner failed to meet its internal performance targets, the Australian Financial Review (AFR) reported on Thursday…
Read MoreBanks face record number of UK lawsuits as economy stumbles
Banks in the UK are embroiled in the highest number of lawsuits in a decade in a trend that shows no sign of slowing down. Almost three new cases involving financial services firms were filed every day on average at the UK High Court last year, according to a report prepared by law firm CMS…
Read MoreMercurius Capital, indebted to auditors and accountants, says it can’t hold AGM by deadline
MERCURIUS Capital Investment said on Thursday (Jul 4) that it is unable to convene its annual general meeting (AGM) for its financial year ended Dec 31, 2023 by the extended deadline of Jul 29. This is because of payments outstanding to its auditors and accountants, “which have resulted in a disruption of their critical services…
Read MoreTopix joins Nikkei at record high as Japan’s stocks extend rally
JAPAN’S Topix stock index powered past its bubble-era peak to a record high, as the buying momentum spread beyond a narrow set of stocks and underscored the firm foundations of the rally. The broad-based benchmark climbed as much as 0.9 per cent to 2,898.11, soaring above the previous intraday all-time high set in December 1989.…
Read MoreCash-rich energy traders are snapping up refineries from Big Oil
COMMODITIES traders flush with cash are buying oil refineries that energy majors are increasingly turning their back on. It’s one of the areas where trading houses – who have long coveted the refining and distribution assets that help drive oil majors’ mega trading earnings – are investing huge returns from the most profitable period in…
Read MoreBrokers’ take: Citi cuts GoTo price target on more conservative assumption
CITI Research, working on more conservative assumptions, has lowered its price target for GoTo to 95 rupiah (0.8 Singapore cent) from 195 rupiah. The research house noted in a report on Wednesday (Jul 3) that the new target price is 1.5 times its financial year 2026 price-to-sales estimate for GoTo’s on-demand services segment. It is…
Read MoreIse-time for change? A look at Isetan’s 54-year history in Singapore
PLANS to take Isetan Singapore private via a scheme of arrangement has taken another step forward following in-principle approval from the Singapore Exchange (SGX). In April, Isetan Mitsukoshi, a major shareholder owning 52.73 per cent of Isetan Singapore’s shares, proposed to take the retailer private at S$7.20 per share – a 37.4 per cent premium…
Read MoreNon-financial considerations in climate indices could affect financial returns: MAS
INCORPORATING non-financial considerations when constructing climate indices could result in lower financial returns, compared with conventional benchmark returns. The Monetary Authority of Singapore (MAS) in its sustainability report released on Thursday (Jul 4) said this is one of its learnings after embarking on a S$8 billion climate transition programme last year. This S$8 billion allocation,…
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