Posts by Yurie Miyazawa
Toyota crashes Indonesia’s used-car party with US$120 million bet
[JAKARTA] It’s an alliance everyone saw coming. After decades of dominating Indonesia’s automotive industry, Toyota and Astra are joining forces for the country’s used-car market. The Japanese automaker shelled out US$120 million for a 40 per cent stake in Astra Digital Mobil, giving it part ownership of used-car marketplaces OLX and OLXmobbi. The deal comes as Indonesia’s…
Read MoreStocks to watch: OCBC, Lum Chang, Suntec Reit, Acrophyte Hospitality Trust, Stoneweg Europe Stapled Trust, ICP
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 24): OCBC: The lender on Monday said it has no intention to convert its Class C non-voting Great Eastern shares into ordinary shares when they come up for conversion in five years as this will result in the…
Read MoreNissan’s new CEO faces investor grilling over job cuts, losses and mounting debt
NISSAN Motor chief executive officer Ivan Espinosa’s first shareholder meeting will be overshadowed by tough questions over tariffs, funding and a mid-term plan to turn around the struggling Japanese carmaker. The key objective will be to convince Tuesday’s annual gathering of investors, who have seen the stock drop 28 per cent this year, that planned…
Read MoreOil settles down 7% after Iran attacks US military base in Qatar, not tankers
[HOUSTON] Oil prices settled down more than 7 per cent on Monday, losing more than US$5 a barrel after Iran took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz, but instead attacked a US military base in Qatar in retaliation for US attacks on its nuclear facilities. Brent crude futures closed down…
Read MoreWhy Soft-Close Cabinets Are a Must-Have When Shopping Online
Convenience and functionality are top of mind for contemporary consumers in this fast-paced world. Since the boom of online shopping, sourcing products that address these needs has never been easier. Among all home improvement ideas, one real gem is soft-close cabinets. Not only do these cabinets contribute to the space’s aesthetics, but they also offer…
Read MoreLum Chang Creations lodges preliminary document for Catalist IPO
[SINGAPORE] Interior fit-out business Lum Chang Creations has lodged a preliminary prospectus on Monday (Jun 23) for a Catalist listing on the Singapore Exchange. It follows the business spin-off from mainboard-listed Lum Chang Holdings, finalised upon internal restructuring on Jun 19, noted the construction and property development company in a bourse filing on Monday. According…
Read MorePrivate-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 More