Leadership
Land business unit not involved in sale of Thai properties, says Yoma
YOMA Strategic : Z59 0% has clarified that its land unit, Yoma Land, is not involved in the business of selling properties in Thailand. On Wednesday (Jun 5), the...
Chinese move billions into Hong Kong banks seeking higher yields
HSBC Holdings attracted more than 130,000 new bank customers in Hong Kong in the first quarter. Bank of China (Hong Kong) gained 200,000 new cross-border clients in 2023, while...
China AI chip firms downgrading designs to secure TSMC production: sources
SOME Chinese AI chip companies are now designing less powerful processors to retain access to Taiwan Semiconductor Manufacturing Company (TSMC) production in the face of US sanctions, four sources...
Apollo Global to provide US$11 billion to Intel for Ireland facility
BUYOUT firm Apollo Global Management will acquire a 49 per cent equity interest in Intel’s manufacturing facility in Ireland for US$11 billion, the company said on Tuesday (Jun 4).Apollo...
Few exits, limited investor appetite to test South-east Asia’s PE managers
PRIVATE equity (PE) funds operating in South-east Asia will need a strong domestic presence to pull off roll-ups and trade sales in the face of mounting challenges, including difficulties...
United Airlines cuts hiring plans for 2024 due to Boeing delays
UNITED Airlines will hire fewer-than-expected employees this year due to delays in aircraft deliveries from Boeing, a company executive said on Tuesday (Jun 4).
Kate Gebo, head of United’s human...
Microsoft takes its AI push to customer service call centres
MICROSOFT on Tuesday (Jun 4) said it will introduce new artificial intelligence tools for customer service call centres.
Microsoft, which has backed ChatGPT creator OpenAI, is taking AI technology into...
US: Wall Street edges lower as growth worries resurface
Wall Street’s main indexes inched down on Tuesday (Jun 4) as concern grew about the health of the world’s largest economy, even as investors eyed key economic data due...
