Posts by Yurie Miyazawa
Apple partner Foxconn injects US$1.5 billion into India unit
Published Mon, May 19, 2025 · 10:28 PM [HONG KONG] Taiwan’s Foxconn, the main manufacturer of Apple’s iPhones, will inject US$1.5 billion into its India unit as production shifts away from China. The company said in an exchange filing on Monday (May 19) that it had made the investment through its Singaporean subsidiary. Foxconn, which…
Read MoreIndonesia taps Singapore traders in US$12 billion Pertamina probe
[SINGAPORE] Indonesian authorities have contacted a number of Singapore-based trading companies to request their cooperation in a US$12 billion corruption probe involving state-owned oil giant Pertamina. The oil traders received notices earlier this month, asking them to assist the office of Indonesia’s attorney general by answering questions on overall governance and past transactions, according to…
Read MoreBusiness China appoints Kwek Poh Heok as new CEO
[SINGAPORE] Kwek Poh Heok has been appointed the new chief executive of Business China, with effect from Jul 1. She succeeds Ho Chee Hin, who served as CEO from January 2023 and will return to the public sector. Ho was responsible for starting several youth programmes, including the Youth Interns Exchange Scheme, the Youth Knowledge Programme, and the…
Read MoreXiaomi to invest at least 50 billion yuan in chip design: founder
Published Mon, May 19, 2025 · 01:17 PM — Updated Mon, May 19, 2025 · 01:22 PM [BEIJING] Chinese smartphone and electric vehicle maker Xiaomi said on Monday it plans to invest at least 50 billion yuan (S$9 billion) in chip design over at least 10 years. The investment sum was flagged by Xiaomi‘s founder Lei Jun in…
Read MoreTwo SGX listcos eye investments in Johor-Singapore Special Economic Zone: Maybank
[SINGAPORE] Singapore-listed companies Thomson Medical Group and Centurion Corporation have expressed interest to invest in the Johor-Singapore Special Economic Zone (JS-SEZ), said Maybank on Monday (May 19). The two listcos are among the Malaysian bank’s three Singapore-headquartered clients that submitted letters of intent (LOIs) to the Iskandar Regional Development Authority at the JS-SEZ Partners’ Dialogue:…
Read MoreRichest Thai man raises top bank’s stake to be No 3 shareholder
Kasikornbank is the country’s second-biggest lender with total assets of 4.4 trillion baht Published Mon, May 19, 2025 · 12:36 PM [BANGKOK] Gulf Development, controlled by Thailand’s richest man Sarath Ratanavadi, has raised its stake in Kasikornbank to about US$610 million, making it the commercial lender’s third-largest shareholder. Gulf increased its holding of Kasikornbank by…
Read MoreChina’s luxury car brand that’s come from behind to overtake BMW
[HONG KONG] In under four years, Seres Group, a small Chinese automaker once best known for its 30,000 yuan (S$5,403) minivans, has beaten luxury legacy names such as BMW and Mercedes to become the nation’s hottest high-end car seller. Formerly called DFSK Motor, Seres partnered with telecommunications giant Huawei Technologies back in 2021 to launch…
Read MoreMAS, SGX RegCo propose listing rule changes in pursuit of a vibrant, disclosure-based market
[SINGAPORE] Here’s how Warren Buffett described the purpose of his annual letter to shareholders of Berkshire Hathaway earlier this year: “As a public company, we are required to periodically tell you many specific facts and figures,” said the billionaire chairman and chief executive of Berkshire. “In addition to the mandated data, we believe we owe…
Read MoreRBA poised for ‘hawkish cut’ as US-China reprieve boosts outlook
[SYDNEY] Australia’s central bank is set to lower interest rates for a second time this year as price pressures ease and US-China trade tensions take a pause, though lingering risks around both suggest the board will remain cautious on the policy path ahead. Economists and money markets expect the Reserve Bank of Australia (RBA) will…
Read MoreSome China companies eyeing Singapore listings to expand markets amid trade war: sources
AT LEAST five companies from mainland China or Hong Kong are planning IPOs, dual listings, or share placements in Singapore in the next 12 to 18 months, four sources said, as Chinese firms look to expand in South-east Asia amid global trade tensions. The companies include a Chinese energy company, a Chinese healthcare group and…
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