Posts by Yurie Miyazawa
Payment system to let Singaporeans send money instantly via mobile phones to four countries
RESIDENTS here are closer to the day when they will be able to make instant and cheap cross-border money transfers to four other Asian countries via local apps such as PayNow. The central banks and instant payment service providers in Singapore, India, Malaysia, Thailand and the Philippines have settled on a rules and an operations…
Read MoreBlackstone to sell Japan supplement maker Alinamin to MBK for 350 billion yen: source
PRIVATE equity firm Blackstone is nearing a deal to sell Japanese supplement maker Alinamin Pharmaceutical to North Asian buyout fund MBK Partners for 350 billion yen (S$2.9 billion), a source with direct knowledge of the matter said on Tuesday (Jul 2). The deal is expected to be signed soon, said the source, who declined to…
Read MoreLocal firms’ payment performance improves further in Q2: Singapore Commercial Credit Bureau
LOCAL firms’ payment performance continued to improve for a fourth consecutive quarter in Q2 2024, said the Singapore Commercial Credit Bureau (SCCB) on Tuesday (Jul 2). The credit and risk information solutions provider noted that both prompt and slow payments accounted for slightly more than two-fifths of total payment transactions. Prompt payments in the second…
Read MoreWorld’s most volatile big stock is rocking Indonesia’s market
ITS share-price chart resembles that of an emerging-market penny stock: a 1,200 per cent surge punctuated by two crashes of more than 40 per cent – all in the span of less than nine months. But Barito Renewables Energy is Indonesia’s biggest company by market capitalisation – an US$85 billion geothermal power producer controlled by…
Read MoreRenault’s EV unit Ampere to bet on LFP technology for EV batteries
RENAULT’S electric vehicle (EV) unit Ampere on Monday (Jul 1) said it would include the lithium iron phosphate (LFP) technology in its plans to mass produce EVs, teaming up with suppliers LG Energy Solutions and CATL to build a supply chain in Europe. Western Automakers are under pressure to expand their range of chemical battery…
Read MoreGoogle to require disclosures for digitally altered content in election ads
GOOGLE said on Monday (Jul 1)it would make it mandatory for advertisers to disclose election ads that use digitally altered content to depict real or realistic-looking people or events, its latest step to battle election misinformation. The update to the disclosure requirements under the political content policy requires marketers to select a checkbox in the…
Read MoreUS: Nasdaq at fresh record despite higher Treasury yields
THE Nasdaq powered to a fresh record on Monday (Jul 1) behind gains by tech giants, shrugging off an increase in US Treasury yields that analysts tied to shifting election expectations. Shares of Apple, Amazon and Microsoft all posted gains of at least two per cent, adding to a buoyant 2024 so far for tech…
Read MoreTesla is running out of excuses for its prolonged sales slump
TESLA is expected to report another quarter of weaker sales, and it’s running out of alibis. Analysts are estimating the carmaker will report on Tuesday (Jul 2) that it handed over 441,019 electric vehicles in the second quarter, a 5.4 per cent drop from a year ago. This would be a second consecutive quarterly decline,…
Read MoreBlackRock launches stock ETF with 100% downside hedge
BLACKROCK has launched a ‘buffer’ exchange-traded fund that seeks to offer a 100 per cent downside hedge to risk-shy investors looking to tap the equity markets, the world’s largest asset manager said on Monday (Jul 1). So-called buffer or risk-managed ETFs help maximise returns from an asset for investors and simultaneously provide downside protection over…
Read MoreBoeing bears the brunt of crisis with fraud charge, Spirit deal
Six months after a fuselage blowout threw Boeing into crisis, the full weight of the legal and financial fallout from the near-catastrophic accident is bearing down on the embattled US planemaker. The US Justice Department plans to charge Boeing with criminal fraud after finding the company violated a 2021 deferred-prosecution agreement tied to two previous,…
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