Posts by Yurie Miyazawa
GSK to buy liver disease drug for as much as US$2 billion
The drug has the potential to become a best-in-class medicine to treat a form of fatty liver disease Published Wed, May 14, 2025 · 04:39 PM [LONDON] GSK agreed to buy an experimental medicine to treat liver disease for as much as US$2 billion as the UK drugmaker seeks to shore up its pipeline of…
Read MoreBurberry to cut 1,700 jobs as sales drop
[LONDON] Burberry Group plans to cut almost one-fifth of its work force as its new chief executive officer tries to turn around the British trench-coat maker, after its push into high fashion flopped amid a downturn in global demand for luxury goods. The London-based company plans an additional £60 million (S$103.9 million) of savings in…
Read MoreTaiwan tech giant Foxconn’s Q1 profit soars
Net profit in the first three months rose 91% year-on-year to NT$42.1 billion (S$1.8 billion) Published Wed, May 14, 2025 · 03:27 PM [TAIPEI] Taiwanese tech giant Foxconn said on Wednesday (May 14) its first-quarter net profit soared 91 per cent, beating expectations, on strong demand for artificial intelligence servers. The world’s biggest contract electronics…
Read MoreSingapore Airlines to operate out of Changi Airport’s Terminal 5; internal train to cover 2km distance
[SINGAPORE] Changi Airport’s upcoming Terminal 5 (T5) will host the operations of Singapore Airlines (SIA) group, with the terminal’s first phase designed to handle about 50 million passengers annually. When the mega terminal opens in the mid-2030s, it will see a consolidation of operations for Singapore Airlines and Scoot, which are now spread across three…
Read MoreBaidu prepares to launch driverless taxi in Europe: report
The company has been in discussions with Switzerland’s bus service provider PostAuto to debut its robotaxi service in Switzerland, WSJ reports Published Wed, May 14, 2025 · 02:18 PM [BENGALURU] Chinese technology major Baidu is preparing to test its driverless ride-hailing service, Apollo Go, in Europe for the first time, The Wall Street Journal (WSJ)…
Read MoreGXS Bank CEO to retire, GX Bank CEO to take over
[SINGAPORE] GXS Bank has announced that chief executive Muthukrishnan Ramaswami will be retiring on May 31. His successor will be Lai Pei-Si, CEO of GX Bank, the Malaysian arm of GXS, it said on Wednesday (May 14). Lai will take over as GXS CEO on Jun 1, with GX Bank deputy CEO Kaushik Chowdhury taking…
Read MoreSony sees 100 billion yen tariff hit in underwhelming outlook
Even without the levies, the company’s projection falls shy of the average analyst estimate of 1.5 trillion yen and is essentially flat compared to the year concluded in March 2025 Published Wed, May 14, 2025 · 12:29 PM [NEW YORK] Sony Group offered an underwhelming forecast for the year ahead, with the burden of US…
Read MoreFrasers Property offers to privatise FHT for S$0.71 per stapled security
[SINGAPORE] Frasers Hospitality Asset Management, as the manager of Frasers Hospitality Trust (FHT), announced on Wednesday (May 14) the proposed privatisation of the stapled securities group for S$0.71 per scheme stapled security via a trust scheme of arrangement. The manager in a company statement released on Wednesday explained that the macroeconomic environment has undergone further…
Read MoreTaiwan regulator probes firms for pressuring staff to sell ETFs
Published Wed, May 14, 2025 · 11:19 AM [TAIPEI] Taiwan’s financial regulator is probing 20 financial institutions over how they pushed staff to sell exchange-traded fund (ETF) products, the latest sign of excessive competition in one of Asia’s biggest ETF markets. The Financial Supervisory Commission (FSC) will probe ten brokerages, nine asset managers and a…
Read MoreVietJet set for financial reckoning as court denies payment stay
[HONG KONG] A London High Court has refused VietJet Aviation’s application for a stay and ruled the Vietnamese carrier must pay around US$180 million to an aircraft leasing firm starting this week, bringing to a head a years-long legal dispute that started during the Covid-19 pandemic The money must be paid in three equal instalments…
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