Posts by Yurie Miyazawa
Toyota inks deal for wholly owned Lexus factory in Shanghai
[SHANGHAI] Toyota Motor is set to become only the second carmaker after Tesla to operate a wholly owned factory in China after it formally agreed this week on a new electric vehicle plant near Shanghai. The world’s No 1 automaker plans to produce battery-powered EVs for its Lexus brand at the facility, which should start…
Read MoreChina kicks off special bond sale as tariffs threaten economy
[NEW YORK] China issued the first batch of special sovereign bonds for the year on Thursday (Apr 24) as part of the stimulus announced by authorities to soften the blow from simmering trade tensions with the US. The Ministry of Finance issued a three-part special sovereign bonds which had a planned size of 286 billion…
Read MoreBoeing ready to resell jets as tariffs hit China trade
[SEOUL/PARIS] Boeing is looking to resell potentially dozens of planes locked out of China by tariffs after repatriating a third jet to the US rather than store it without willing buyers. The move to prevent a repeat of the costly build-up of undelivered jets seen during past fluctuations in Chinese imports comes as the planemaker…
Read MoreBoeing says China not accepting planes over US tariffs
[NEW YORK] Boeing’s CEO confirmed on Wednesday (Apr 23) that China had stopped accepting new aircraft due to the US-China trade war, as the company’s shares surged following a smaller-than-expected loss. In a televised interview with CNBC, Boeing chief executive Kelly Ortberg said Chinese customers had “stopped taking delivery of aircraft due to the tariff…
Read MoreStocks to watch: Keppel, Mapletree Logistics Trust, Capitaland China Trust, Digital Core Reit, Sinarmas Land
[SINGAPORE] The following companies saw new developments that may affect trading of its securities on Thursday (Apr 24): Keppel: The company released an update for Q1 2025 on Thursday, reporting an increase in net profit of over 25 per cent year on year, driven by strong performance in its infrastructure, real estate and asset management segments.…
Read MoreCapitaLand China Trust Q1 NPI slips 6.6% to 292.5 million yuan amid lower revenue
[SINGAPORE] The manager of CapitaLand China Trust (CLCT) posted a net property income (NPI) of 292.5 million yuan (S$52.8 million) for the first quarter of financial year 2025, down by 6.6 per cent from 313.1 million yuan in the previous corresponding period. Gross revenue fell 6.1 per cent to 439.7 million yuan for the quarter,…
Read MoreMalaysia’s ZUS Coffee to add 200 new South-east Asia stores, including six in Singapore
[KUALA LUMPUR] Coffee shop operator Zuspresso plans to open nearly 200 new stores in South-east Asia this year, after surpassing Starbucks as Malaysia’s largest coffee chain within five years of inception. The ZUS Coffee brand owner will open at least 107 new stores in Malaysia, add about 80 in the Philippines, and another six in…
Read MoreTSMC shows off new tech for stitching together bigger, faster chips
[SANTA CLARA] Taiwan Semiconductor Manufacturing Company (TSMC) on Wednesday (Apr 23) unveiled technology for making faster chips and putting them together in dinner-plate-sized packages that will boost the performance needed for artificial intelligence (AI) applications. It said its A14 manufacturing technology will arrive in 2028 and will be able to produce processors that are 15…
Read MoreDigital Core Reit’s Q1 distribution income rises 9.9% to US$11.7 million
Its revenue is up 79.9% at US$44.2 million; net property income grows 41.8% to US$22.4 million [SINGAPORE] Digital Core Real Estate Investment Trust (Reit) posted distribution income attributable to unitholders of US$11.7 million for the three months ended Mar 31, 9.9 per cent higher from the year-ago period. The manager of the data centre-focused Reit…
Read MoreSingapore shares close higher on Wednesday amid potential easing of trade tensions; STI up 1%
[SINGAPORE] Stocks on the Singapore bourse ended higher on Wednesday (Apr 23), tracking gains in the region. The uptick followed remarks from US President Donald Trump, who signalled no plans to dismiss Federal Reserve chairman Jerome Powell and suggested the possibility of lower tariffs for China. Adding to the positive sentiment, data from Singapore’s Department…
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