Posts by Yurie Miyazawa
Cybersecurity firm Goldilock invests S$1.2 million, opens regional HQ in Singapore
It will hire five engineers here within the first 18 months of opening, and about 20 people over the coming three years [SINGAPORE] Cybersecurity company Goldilock has announced the opening of its first office in Singapore and Asia-Pacific headquarters on Monday (Jun 2), as part of a S$2 million investment. It invested S$1.2 million to…
Read MoreAzeus Systems shares surge 16.6% as earnings, dividends double
[SINGAPORE] Shares of Azeus Systems jumped as much as 16.6 per cent on Monday (Jun 2), after the company reported a surge in net profits. The counter hit a high of S$14.52 at 10.59am, up S$2.07 from its closing price of S$12.45 on May 30. As at 3.20 pm, the counter had eased…
Read MoreBank of Korea’s Rhee says US-China trade talks important for Asia
[SEOUL] Bank of Korea (BOK) governor Rhee Chang-yong said the outcome of trade negotiations between the US and China will have an impact on all of Asia’s economies, highlighting their significance beyond the bilateral level. “When we actually measure the impact of US tariffs on us, the indirect impact through China is very important because…
Read MoreFederal Reserve still open to cutting interest rates later this year, says governor
[NEW YORK] US Federal Reserve governor Christopher Waller said on Monday (Jun 2) that interest rate cuts remain possible later this year even with the Trump administration’s tariffs likely to push up price pressures temporarily. Given that a rise in inflation pressures tied to US President Donald Trump’s import tax increases is unlikely to be…
Read MoreGrab makes move to enter motor insurance market in Singapore
[SINGAPORE] GrabInsure, the insurance arm of the Grab group, is gearing up to enter Singapore’s motor insurance market. Some industry insiders said the move could deal a blow to the dominance of existing players like Income Insurance. Grab joined the General Insurance Association (GIA) in May, after it obtained a general insurance licence from the…
Read MoreStamford Land H2 profit falls 14.2% to S$17.6 million on lower contributions from property development segment
[SINGAPORE] Property company Stamford Land reported a 14.2 per cent fall in net profit to S$17.6 million for its second half ended March, from S$20.6 million in the year-ago period. Earnings per share (EPS) stood at S$0.0119, down from S$0.0138. This came amid a 6.5 per cent decline in revenue, which came in at S$78.3…
Read MoreStocks to watch: Grand Venture, TungLok, DFI, Olam, Stamford Land, Boustead, Wee Hur, OKP
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 2). Grand Venture Technology: The semiconductor company on Sunday said it had paused its proposed secondary listing on Malaysia’s Bursa exchange in view of confidential talks with a third party in relation to a possible transaction which could…
Read MoreStocks to watch: Grand Venture, Tung Lok, DFI, Olam, Stamford Land, Boustead, Wee Hur, OKP
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 2). Grand Venture Technology: The semiconductor company on Sunday said it had paused its proposed secondary listing on Malaysia’s Bursa exchange in view of confidential talks with a third party in relation to a possible transaction which could…
Read MoreAI demand drives chip equipment sales forecast to new highs but tariff jitters cloud outlook
[SINGAPORE] Fuelled by the explosive demand for artificial intelligence (AI), global semiconductor manufacturing is poised for growth, with equipment sales projected to hit a record US$121 billion this year – surpassing last year’s high – even as geopolitical tensions loom large. While high-end AI models continue to push demand for more powerful and efficient chips,…
Read MoreIndependent director Chua Kee Lock acquires venture shares on open market
[SINGAPORE] Over the five trading sessions from May 23 to May 29, institutions were marginal net sellers of Singapore stocks, with net institutional outflow of S$2 million compared to net outflow of S$65 million for the preceding five sessions. This keeps the net institutional outflow for the 2025 year to May 29 at S$1.73 billion. …
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