Posts by Yurie Miyazawa
Private-hire group urges Grab to delay bonus revamp, over fears that drivers’ earnings will be hurt
[SINGAPORE] The National Private Hire Vehicles Association (NPHVA) has urged Grab to delay changes to its driver incentive scheme, saying it is “particularly concerned” about the impact on drivers’ earnings and income stability. The call, made on Monday (Jun 23), comes just over a week before the ride-hailing platform intends to roll out its revised…
Read MoreTrueMoney stands out in Thailand’s virtual banking shake-up after licence win
[BANGKOK] Thailand is shaking up its sleepy banking sector. The Thai Finance Ministry’s decision to grant virtual bank licences to three consortiums on Jun 19 is set to inject fresh new competition to Thailand’s staid financial sector – but for these newcomers, turning a profit may prove elusive. Five consortiums threw their hats into the…
Read MoreMontage is said to hire banks for US$1 billion Hong Kong listing
The US has been trying to curb Beijing’s ambitions to build a domestic semiconductor industry, Published Mon, Jun 23, 2025 · 11:27 AM [HONG KONG] Chinese chip designer Montage Technology has hired banks for its planned Hong Kong listing that could raise about US$1 billion, according to sources familiar with the matter. The Shanghai-listed company…
Read MoreChangi Airport Group exploring possible new flights to Semarang, Palembang, Belitung in Indonesia
[SINGAPORE] There could potentially be new flight connections between Singapore and three Indonesian destinations – Semarang in Central Java, Palembang in South Sumatra and Belitung Island off the east coast of Sumatra. On Jun 20, airport operator Changi Airport Group (CAG) told The Straits Times that it is in talks with carriers about potential services…
Read MoreSingapore, Asia-Pacific markets fall after US strikes on Iran; oil prices surge, dollar strengthens
[SINGAPORE] Asia-Pacific markets declined in early trade on Monday (Jun 23) morning, as oil prices surged and the greenback reacted, after the US launched strikes against three nuclear facilities in Iran over the weekend. Singapore shares opened Monday lower, with the Straits Times Index (STI) down 0.9 per cent or 35.64 points at 3,847.79 as…
Read MoreHonda supplier rethinks China relationship as trade war bites
[TOKYO] As the US-China trade war expands into the auto, steel and rare earths sectors, few companies are feeling the pressure more than top Japanese car parts supplier Daido Steel. The supplier to Honda Motor and other major marques is facing a trio of headwinds: a 50 per cent tariff on US imports of steel,…
Read MoreCybersecurity firm Trend Micro bets on AI to offset US tariff woes
[SINGAPORE] The Trump administration’s policies have cast a shadow over Japanese cybersecurity firm Trend Micro, contributing to a slowdown in its first-quarter revenue, but the company believes that artificial intelligence (AI) offers longer-term promise that could more than make up for the current troubles. “Even though everybody is pulling back their spending, nobody has stopped…
Read MoreShipping on high alert in Middle East after US strikes on Iran
[ATHENS] The shipping industry was placed on high alert on Sunday (Jun 22) with warnings that Tehran could retaliate against commercial vessels following US airstrikes against Iran’s nuclear facilities. Greece, home to more oil-tanker capacity than any other nation, cautioned its ship owners to think again if they are considering entering the Persian Gulf in…
Read MoreCentral banks in Asia are becoming wary of currency intervention
Some of emerging Asia’s biggest central banks look to be dialling back their interventions in the currency market. The central banks of India and Malaysia have reduced the size of some derivatives positions they use to weaken their currencies. Taiwan has allowed its currency to surge against the US dollar in recent weeks and dropped…
Read MoreUS investors, Asia’s ultra-rich drive growth in Asia-Pacific private credit
[SINGAPORE] A slight uptick in private-credit fundraising in Asia-Pacific (Apac) last year has given market players optimism for a positive 2025, even as investors continue to avoid China. They said deals in India and Australia can fill the gap, while more investors within and outside Apac are allocating capital to private credit in the region. And…
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