Posts by Yurie Miyazawa
Apple to debut dedicated gaming app within days of Switch 2’s arrival
[LOS ANGELES] Apple is planning a dedicated app for video games on its devices, seeking to sell gamers and developers on the idea that it’s a leader in the market. The company will pre-install the app on the iPhone, iPad, Mac and Apple TV set-top box later this year, according to sources with knowledge of…
Read MoreElaine Heng to succeed Linus Goh as OCBC’s head of global commercial banking
[SINGAPORE] OCBC announced on Tuesday (May 27) key leadership changes to its global wholesale banking franchise, to take effect on Oct 1. Elaine Heng, now OCBC’s group chief strategy and transformation officer, will succeed Linus Goh, the current head of global commercial banking who retires on Sep 30. Tan Yuen Siang, currently OCBC’s head of…
Read MoreIndonesia’s Widjaja family’s Sinarmas Land offer wins 90% acceptance, triggering compulsory acquisition
[SINGAPORE] Lyon Investments – controlled by the Widjaja family, one of Indonesia’s wealthiest clans – has crossed the 90 per cent acceptance threshold in its offer for Singapore-listed Sinarmas Land. This triggers the right of compulsory acquisition of all the shares of shareholders who have not accepted the offer, paving the way for the delisting…
Read MoreTesla misses out on European EV growth as Model Y fails to revive sales
[GDANSK] Tesla’s sales in Europe fell 49 per cent in April from a year earlier, even though battery-electric car sales rose 27.8 per cent, as the US EV maker’s upgrade of its Model Y shows little sign of reviving the brand’s fortunes in the region. Overall car sales in Europe dipped 0.3 per cent, with…
Read MoreBoustead shares rise 4.8% to a 4-year high on robust earnings and dividend boost
The company’s shares hit their highest price in a decade as the engineering group saw a 58 per cent increase in net profits [SINGAPORE] Shares of Boustead rose on Tuesday (May 27) morning after the engineering and technology group reported a jump in net profit. As at 9.52 am, the counter climbed to S$1.09, up…
Read MoreStocks to watch: Sembcorp, Bukit Sembawang, SBS Transit, Boustead
THE following companies saw new developments that may affect trading of their securities on Tuesday (May 27): Sembcorp: Its subsidiary Sembcorp Utilities entered an agreement with several of its South-east Asian counterparts to explore exporting renewable energy from Vietnam into Malaysia and Singapore, the group said on Monday. Under the agreement, the parties will focus…
Read MoreEurope: Stocks recover after Trump delays EU tariffs in hopes of deal
EUROPEAN shares kicked off the week on a positive note on Monday, recouping the previous session’s losses, as markets heaved a sigh of relief after US President Donald Trump delayed his threat to impose a 50% tariff on the region. The pan-European Stoxx 600 index closed 0.99 per cent higher at 550.50. It had lost 0.9 per…
Read MoreVolvo Cars to cut 3,000 jobs in restructuring
[STOCKHOLM] Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade uncertainty, it said on Monday (May 26). The layoffs come as the Swedish automaker tries to resurrect its rock-bottom share price and drum up…
Read MoreSingapore shares fall amid mixed regional showing; STI down 0.2%
Across the broader market, decliners edge out gainers 268 to 220, after 894.4 million securities worth S$751.7 million change hands [SINGAPORE] Shares on the Singapore bourse ended lower on Monday (May 26), even as regional markets ended mixed. The benchmark Straits Times Index (STI) fell 0.2 per cent or 6.82 points to 3,875.60. Across the…
Read MoreOpenAI to open office in Seoul amid growing demand for ChatGPT
Published Mon, May 26, 2025 · 12:56 PM [SEOUL] OpenAI will set up its first office in Seoul and has established an entity in South Korea as demand in the country jumps for its ChatGPT service, the company said on Monday. South Korea has the largest number of paying ChatGPT subscribers after the United States,…
Read More