Posts by Yurie Miyazawa
Mapletree Logistics Trust to sell Xi’an subsidiary for 70.5 million yuan
MAPLETREE Logistics Trust : M44U 0% announced the divestment of its entire equity interest in its wholly foreign-owned enterprise, Mapletree Logistics Warehouse (Xian), for an estimated price of 70.5 million yuan (S$13.1 million). In a bourse filing on Wednesday (Jun 12), the trust’s manager said that the foreign enterprise owns Mapletree Xi’an Logistics Park, comprising…
Read MoreApple becomes the first US$1 trillion global brand: Kantar
US technology firm Apple has become the first brand to cross US$1 trillion in brand value, a 15 per cent jump from last year, a global ranking by Kantar’s BrandZ showed on Wednesday (Jun 12). The iPhone maker retained its crown as the world’s most valuable brand for the third straight year in 2024, followed…
Read MoreForget copper and gold as steelmaking raw material outperforms
Manganese, an essential steelmaking ingredient, has outstripped copper, gold and many other commodities this year after a cyclone halted exports from the world’s second-largest mine in March. Prices of 44 per cent-grade manganese ore have almost doubled since the start of the year, beating gains of 15 per cent in copper, 12 per cent in…
Read MoreUniper wins 13 billion euros arbitration ruling against Gazprom
GERMAN utility Uniper has won a multi-billion euro arbitration against former long-time supplier Gazprom, it said on Wednesday (Jun 12), allowing it to tear up dormant gas supply contracts and potentially setting a precedent for similar cases. The ruling marks a landmark victory for Uniper, which had to be rescued by the German government in…
Read MoreDBS eyes S$500 billion in wealth assets by 2026, top exec says
DBS Group plans to boost assets under management for its wealth business to S$500 billion by the end of 2026, said the unit’s head, as the top Singaporean bank bets on robust inflows into the city state. Wealth assets at DBS grew 23 per cent to a record S$365 billion last year, as Singapore benefitted…
Read MoreDBS eyes S$500 billion in wealth assets by 2026: top executive
DBS Group plans to boost assets under management for its wealth business to S$500 billion by the end of 2026, said the unit’s head, as the top Singaporean bank bets on robust inflows into the country. Wealth assets at DBS grew 23 per cent to a record S$365 billion last year, as Singapore benefitted from…
Read MoreWho is David Sin, and what’s his Fullerton Healthcare alleged graft case about?
DAVID Sin, 44, one of Fullerton Healthcare Corporation’s (Fullerton Health) three co-founders, was granted approval on Monday (Jun 10) to leave Singapore to visit his family in China. Before Monday’s hearing, his bail was originally set at S$200,000. An additional bail of S$100,000, to be provided in one surety, had to be posted for him…
Read MoreIEA sees ‘major’ oil supply surplus emerging by 2030
The world is likely to have a “major surplus” of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency (IEA) said in an annual report published on Wednesday (Jun 12). Global demand is expected to “level off” at 106 million barrels per day (bpd) towards…
Read MoreSouth Korean AI chip developers Rebellions and Sapeon to merge
SOUTH Korean AI chip developers Rebellions and Sapeon Korea are pursuing a merger, Sapeon parent SK Telecom said on Wednesday (Jun 12), in the latest attempt in South Korea to challenge global AI chip leader Nvidia as a boom in artificial intelligence continues. The consolidation is aimed at winning the global AI semiconductor market within…
Read MoreJohor Plantations, Kulim eye biggest Malaysian IPO in two years
MALAYSIAN palm oil producer Johor Plantations Group (JPG) and a shareholder expect to raise about RM735 million (S$211 million) in an initial public offering (IPO), putting the group on track to execute the country’s biggest listing in over two years. JPG kicked off its IPO on Wednesday (Jun 12) with an offering of up to…
Read More