Posts by Yurie Miyazawa
Seatrium posts S$21.3 billion Q1 net orderbook
Projects relating to renewables and green or cleaner solutions have a contract value of S$7.1 billion [SINGAPORE] Seatrium recorded net orderbook wins amounting to S$21.3 billion as at March, comprising 26 projects with delivery dates till 2031. Of these, nine are scheduled for delivery in 2025, and they have a contract value of S$387 million,…
Read MoreCapitaLand Ascendas Reit raises S$500 million from private placement of 202 million shares at S$2.47 each
Proceeds will help fund S$700 million purchase of Tai Seng data centre, Science Park building [SINGAPORE] CapitaLand Ascendas Real Estate Investment Trust (Clar) has raised S$500 million from a private placement of 202.4 million units, priced at S$2.47 per unit. The price is a discount of 5.2 per cent of the volume weighted average price…
Read MoreChevron to cut nearly 800 jobs in Texas
Published Thu, May 29, 2025 · 08:23 AM [HOUSTON] Chevron will lay off nearly 800 employees in Texas, according to a notice on Wednesday to the Texas Workforce Commission, part of the US oil producer’s plan to cut up to 20 per cent of its global workforce by the end of 2026. The job cuts…
Read MoreTrump tells US chip design software makers to halt China sales: FT
PRESIDENT Donald Trump’s administration has ordered US firms that offer software used to design semiconductors to stop selling their services to Chinese groups, the Financial Times reported on Wednesday, citing people familiar with the move. Electronic design automation software makers, which include Cadence, Synopsys and Siemens EDA, were told via letters from the Commerce Department…
Read MoreUS curbs chip design software, chemicals, other shipments to China
[WASHINGTON] The United States has ordered a broad swathe of companies to stop shipping goods to China without a licence and revoked licences already granted to certain suppliers, said three people familiar with the matter. The new restrictions – which are likely to escalate tensions with Beijing – appear aimed at choke points to prevent…
Read MoreNvidia gives solid forecast, even as China slump mars growth
[SAN FRANCISCO] Nvidia, the world’s most valuable chipmaker, gave an upbeat revenue forecast for the current period, even as a slowdown in China weighed on results. Sales will be about US$45 billion in the second fiscal quarter, which runs to July, the company said on Wednesday (May 28). That included the loss of roughly US$8…
Read MoreUS: Stocks retreat as Treasury bond yields climb
Published Thu, May 29, 2025 · 06:13 AM [NEW YORK] Wall Street stocks retreated on Wednesday ahead of earnings from artificial intelligence titan Nvidia, with US Treasury bond yields ticking higher. Results from chip company Nvidia have been the most anticipated event of the week, given the company’s influence as a leader in AI. Nvidia shares fell…
Read MoreCDL, MCL Land marketing Piccadilly Galleria retail podium for sale at lower price of $67.5m
[SINGAPORE] Piccadilly Grand’s retail podium is up for sale for S$67.5 million, at a lower price after an earlier expression of interest exercise closed in November 2024. The ground-floor retail podium, known as Piccadilly Galleria, is part of a 99-year leasehold integrated development developed by City Developments Ltd (CDL) and MCL Land. The project is…
Read MoreExxon enters talks to sell French business for 400 million euros
[LONDON] ExxonMobil entered exclusive talks to sell its entire 82.89 per cent stake in French unit Esso SAF, including a key refinery, to North Atlantic France SAS for about 400 million euros (S$584.2 million). If completed, the deal would significantly diminish Exxon’s presence in France, after the company announced last year that it would shut…
Read MoreSunMoon sinks to S$1.5 million loss in FY2025 despite higher revenue
[SINGAPORE] Fruit distributor SunMoon Food Company has sunk into the red with a net loss of S$1.5 million for the full year ended March, compared with a net profit of S$28,000 the previous year. This was mainly due to a combination of factors, including a lower gross margin from the clearance of slow-moving inventories that…
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