Lifestyle
Yen dives as BOJ plays down chance of hikes, soothing markets
THE yen dropped on Wednesday (Aug 7) after an influential Bank of Japan official played down the chances of a near-term rate hike, soothing investors’ concerns that a further...
Five things to know about DBS’ new deputy CEO Tan Su Shan
Tan leads day-to-day efforts to operationalise the bank’s digitalisation strategy across the businesses she runsDBS has announced the appointment of Tan Su Shan as its deputy chief executive officer,...
Vicom posts 1.3% higher H1 net profit of S$14.1 million
VEHICLE inspection company Vicom reported a net profit of S$14.1 million for the half year ended Jun 30, inching up 1.3 per cent from S$13.9 million in the corresponding...
Honda Q1 profit jumps 23%, helped by hybrid vehicle sales
JAPAN’S Honda Motor reported a 23 per cent increase in first-quarter profit on Wednesday (Aug 7) as the automaker benefited from a weaker yen, higher pricing and growing hybrid...
SoftBank unveils US$3.4 billion buyback amid pressure from investors
JAPANESE technology investor SoftBank Group said on Wednesday (Aug 7) it plans to buy back a hefty US$3.4 billion in shares, answering in part calls from Elliott Management and...
Hyundai to invest one billion baht in Thailand for EV assembly, batteries
SOUTH Korean automaker Hyundai Motor Company will invest one billion baht (S$37 million) to set up a facility to assemble electric vehicles (EVs) and batteries in Thailand, the country’s...
Indonesia launches China-built anode plant for EV batteries
INDONESIA’S President Joko Widodo on Wednesday (Aug 7) inaugurated a plant built by China’s BTR New Material Group and Singapore’s Stellar Investment that will produce anode materials for electric...
PBOC eases support for yuan as short covering fuels rebound
THE People’s Bank of China (PBOC) pulled back its daily support for the yuan to the lowest in a year on Wednesday (Aug 7), at least by one measure.The...
