Posts by Yurie Miyazawa
Women’s health supplement brand Moom Health bags S$3.5 million funding
Investors include Eu Yan Sang founders’ family office and investment firm backed by Wilmar International co-founder and chairman Kuok Khoon Hong [SINGAPORE] Women’s health supplement brand Moom Health announced on Monday (Apr 14) that it has raised S$3.5 million in a pre-series A funding round led by Wipro Consumer Care Ventures, the venture funding arm…
Read MoreWilmar maintains innocence after Indonesian judges who acquitted it are arrested on corruption charges
[SINGAPORE] Wilmar International maintained its innocence after four judges who cleared it – as well as two other palm oil companies – in a corruption case related to obtaining export permits, were reportedly arrested. “We believe we are not guilty of the charges as our actions during that period to increase the supply of palm…
Read MoreHPL jumps 5.5% after announcing that Ong Beng Seng will step down as managing director
[SINGAPORE] Shares of Hotel Properties Limited (HPL) rose on Monday (Apr 14) by over 5 per cent, following the company’s announcement that property tycoon and hotelier Ong Beng Seng is set to step down from his managing director position. At 9.41am, the counter climbed 5.5 per cent or S$0.19 to S$3.59, with 6,100 securities changing…
Read MoreQatar to invest US$2 billion in Indonesia sovereign wealth fund
Prabowo is on a five-nation tour of the Middle East, visiting the United Arab Emirates, Turkey, Egypt, Qatar and Jordan to boost bilateral ties with the region [JAKARTA] Indonesian President Prabowo Subianto said Qatar is set to invest US$2 billion in his country’s new sovereign wealth fund as he looks to boost economic growth. Prabowo…
Read MoreThese China sectors and stocks are bucking the trend amid market volatility
[SINGAPORE] Global markets have been nothing but volatile on the back of tariff-induced swings – but China stocks were an outlier last week. From Apr 7, the Hang Seng Index and the CSI 300 Index were steadily rising even as other markets in the region were still volatile. The indices were up around 2.2 per…
Read MoreGXS acquires fintech Validus’ Singapore business to boost business banking offerings
[SINGAPORE] GXS Bank announced on Monday (Apr 14) that it has acquired digital lending platform Validus Investment’s Singapore business. The all-cash transaction is expected to be completed by Apr 15. The amount was not disclosed. The acquisition of Validus Capital encompasses its Singapore customer base, partnerships, technology stack and employees. Validus Capital has disbursed more…
Read MoreGoldman cuts targets on China stocks for second time this month
The firm has long been bullish, often going against the tide during the market’s multiyear slump [TOKYO] Strategists at Goldman Sachs cut their targets for key Chinese stock indexes for a second time this month, citing heightened trade tensions with the US. “US-China trade tensions have soared to unprecedented levels, prompting concerns about global recession,…
Read MoreCompanies getting ‘a bit tired’ of tariff chaos, DHL CEO says
[HONG KONG] Fatigue is setting in among companies and manufacturers trying to navigate US President Donald Trump’s whipsawing tariff moves, according to DHL Group chief executive officer Tobias Meyer. Meyer, head of one of the world’s biggest logistics companies, warned companies and people are getting “a bit tired” with the constantly shifting announcements. “They don’t…
Read MoreUK rushes to find materials to keep British Steel plant running
[LONDON] UK officials are rushing to secure the raw materials needed to keep Britain’s last primary steel manufacturer running, with other businesses offering to provide help. The government said on Monday (Apr 14) that dozens of companies, including Tata and Rainham Steel, have offered raw materials and managerial support to help keep the British Steel…
Read MoreChina credit expansion beats forecast on bond sale deluge
[NEW YORK] China’s credit expanded more than expected in March as the government accelerated bond offerings to help the economy offset the impact of surging US tariffs on Chinese goods. Aggregate financing, a broad measure of credit, rose 5.89 trillion yuan (S$1 trillion), according to Bloomberg calculations based on data released by the People’s Bank…
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