Posts by Yurie Miyazawa
Industry observers launch non-profit to encourage better performance among SGX listcos
A GROUP of industry observers have set up a non-profit organisation to encourage better performance of companies listed on the Singapore Exchange (SGX) through research and engagement. Called the Corporate Monitor, the group aims to publish regular research reports offering “actionable intelligence” for stakeholders such as investors and board members. “At our core, we believe…
Read MoreTencent, Tencent Music to pick up 10% stake in Thailand’s GMM Music for US$70 million
Thai entertainment platform GMM Music on Monday (Jun 3) said Tencent and Tencent Music Entertainment will acquire a 10 per cent stake in the company for US$70 million, solidifying its spin-off plan. Tencent and its controlled entity Tencent Music will buy the stake through a combination of cash and a minority stake in music streaming…
Read MoreToyota, other Japan automakers under fire for new lapses as safety scandal deepens
Toyota Motor and Mazda Motor temporarily halted shipments or sales of some vehicles after Japan’s transport ministry found irregularities in applications to certify their models. The ministry said on Monday (June 3) that irregularities were found in applications to certify models from the two automakers and also from Honda Motor, Suzuki Motor and Yamaha Motor. It…
Read MoreAirlines eye ‘new frontier’ of AI ahead of global summit
AIRLINES may not be replacing pilots with artificial intelligence (AI) anytime soon, but aviation industry experts say the new technology is already revolutionising the way they do business. “Data and AI are fantastic levers for the aviation sector,” said Julie Pozzi, the head of data science and AI at Air France-KLM, ahead of the 80th…
Read MoreAMD announces future AI chips, will speed rollout of new models
ADVANCED Micro Devices (AMD) is speeding up introductions of new artificial intelligence (AI) processors as it seeks to dent Nvidia’s domination of that lucrative market. The MI325X will go on sale in the fourth quarter, chief executive officer Lisa Su said in the opening keynote address of the Computex conference in Taiwan. That chip, the…
Read MoreOil prices slip despite Opec+ production cut extension
OIL prices fell early on Monday (Jun 3), despite a move by producer group Opec+ to extend deep output cuts well into 2025. Brent futures for August delivery were down 24 US cents, or 0.3 per cent, to US$80.87 a barrel at 0030 GMT. US West Texas Intermediate (WTI) crude futures for July delivery fell…
Read MoreOiltek secures RM94.8 million in new contracts
OILTEK International : HQU 0% has won new contracts worth RM94.8 million (S$27.2 million) from Malaysia, Indonesia and Kenya through its subsidiary in Selangor. This will take the group’s current order book, which is expected to be fulfilled over the next 18 to 24 months, to a record high of RM400.5 million. On Monday (Jun…
Read MoreCathay Pacific looking to add more Belt and Road destinations, CEO says
AIRLINE Cathay Pacific is looking to add more destinations on China’s Belt and Road project, CEO Ronald Lam said on Sunday (Jun 2), after a new route to Riyadh starts up later this year. Lam also said Hong Kong’s flagship airline, which made heavy losses and layoffs during the pandemic, is on track to reach…
Read MoreGreen fuel transition presents retrofitting opportunity for shipyards, with some caveats
MORE ships could be retrofitted to run on near zero-carbon fuels such as methanol and ammonia in the coming years, maritime players told The Business Times. The overall market opportunity may, however, be constrained by cost and design challenges. The market for methanol retrofits has been growing since the retrofitting of the first vessel with…
Read MoreBaltic Exchange Shipping Insights
Capesize AFTER a slow start due to a UK Bank Holiday, the market quickly regained momentum. The Pacific was notably active, with all three major miners actively fixing throughout the week. Initially rates struggled to gain traction as brokers reported an oversupply of early vessels. However, towards the latter part of the week, the Pacific…
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