Posts by Yurie Miyazawa
Lum Chang expects significantly improved H1 FY2026 net profit on interior fit-out business strength
Group is set to release its financial results for the first half-year on or about Feb 12 [SINGAPORE] Lum Chang Holdings (LCH) announced in a Thursday (Jan 15) profit guidance that it expects a “significant improvement” in net profit for the first half of FY2026 ended Dec 31, 2025, compared with the year-ago period. This…
Read MoreVolvo identifies battery fire risk in EX30 Ultra EVs; owners told to limit charging to 70%
[SINGAPORE] Some 143 owners of the Volvo EX30 Ultra electric car in Singapore are being advised not to charge their vehicles beyond 70 per cent due to a fire risk linked to a battery defect. This is an interim solution while Volvo develops a permanent fix. The Swedish carmaker said it will notify affected owners once a…
Read MoreStop Chasing Funding, Start Chasing Customers
There’s a lie many founders hear on day one: you need outside money to build a real business. You don’t. The first step isn’t a pitch deck. It’s a customer. My stance is simple and firm. Funding should not be your default plan—revenue should. This matters because chasing investors sends many founders down the wrong…
Read MoreWall Street slides at open as investors assess results from big banks
[NEW YORK] Wall Street’s main indexes fell at the open on Wednesday (Jan 14) as investors digested earnings from Bank of America and Citigroup, while retail sales and producer price data did little to alter expectations for interest-rate cuts later this year. The Dow Jones Industrial Average fell 103.7 points, or 0.21 per cent, at…
Read MoreLuxury retailer Saks Global files bankruptcy after turnaround fails
US$1 billion debtor-in-possession financing, pending court approval, will fund Saks’ operations and turnaround [NEW YORK] Saks Global Enterprises filed for bankruptcy to address mounting losses and a substantial debt load that has weighed down the iconic luxury retailer. The company, which operates its Saks Fifth Avenue stores along with Bergdorf Goodman and Neiman Marcus, entered…
Read More‘Are you dead?’ Chinese app for single living goes viral
[HONG KONG] An app called “Are you dead” targeted at people living alone has gone viral in China, with surging downloads and widespread commentary on social media, prompting the company to introduce a subscription fee and change its name for a global audience. The app called Sileme in Chinese, which translates to “Are you dead?”…
Read MoreStop Accepting “Agency Horror Stories” As Normal
I hear the same story from founders and CMOs every week. A smooth pitch. Big promises. Then missed deadlines, vague reports, and vanishing accountability. That shouldn’t be the standard. Great work and a great experience should go hand in hand. As a serial entrepreneur, I’ve been on your side of the table. I’ve built and…
Read MoreF&N unit prices S$125 million in fixed-rate notes due 2033 at 2.6%
The notes are payable semi-annually in arrears and will be issued in denominations of S$250,000 each [SINGAPORE] Beverage maker Fraser and Neave (F&N) has priced S$125 million in fixed-rate notes due Jan 20, 2033, at 2.6 per cent per annum. The notes, which will be issued by its wholly owned subsidiary F&N Treasury, are part…
Read MorePower crunch, red tape forcing Asia’s data centres out of hyperscaler hubs
Operators are pivoting towards a ‘decentralised’ model – which places data centres in ‘Tier-2’ cities [SINGAPORE] Operators are starting to move data centres out of metropolitan hubs and opting for a more decentralised model as the sector experiences record-high demand. Citing reasons such as straining power grids and intensifying regulatory friction at traditional hyperscaler hubs,…
Read MoreProactive tax strategy in a shifting global landscape
As OECD rules redefine the game, Singapore’s tax and business leaders are pivoting from compliance to strategic foresight THE global tax landscape is undergoing its most significant transformation in a century, and the reverberations are being felt keenly in Singapore’s boardrooms. The Organisation for Economic Co-operation and Development’s (OECD) Pillar Two framework, which sets a…
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