Thai May factory output falls 0.8% y/y, weaker than forecast
BANGKOK, June 30 : Thailand's manufacturing production index dropped 0.8 per cent in May from a year earlier, the industry ministry said on Tuesday, weaker than analysts' forecasts.The May reading compared with a year-on-year decrease of 0.34 per cent forecast in a Reuters poll, and follow ...
Adani Ports to sell 49% stake in Indian port to Swiss shipping giant MSC for US$1.4 billion
The deal marks Adani Ports’ third partnership with the shipping company
China’s Neolix receives approval to test autonomous vehicles in Malaysia
Derryn Wong - The company will conduct trials with partners Tiong Nam Logistics, Asia Mobiliti and MindHub in Cyberjaya
MAS imposes $120,000 civil penalty on Dr Chua Han Boon Kenneth for insider trading in Singapore Medical Group’s shares
Felicia Tan - The Monetary Authority of Singapore (MAS) has imposed a $120,000 civil penalty on Dr Chua Han Boon Kenneth for the insider trading of Singapore Medical Group’s (SMG) shares. Chua was a shareholder of SMG and a doctor employed by one of the group’s subsidiary companies. The group, previously list ...
Freight forwarder All-Link Air & Sea Limited lodges preliminary IPO prospectus for Mainboard listing
Felicia Tan - Freight forwarder All-Link Air & Sea Limited has lodged its preliminary initial public offering (IPO) prospectus for a listing on the Mainboard of the Singapore Exchange (SGX). The company is a regional logistics solutions provider that delivers end-to-end logistics, freight solutions and supply ...
Singtel CEO’s pay falls 17% to S$6.8 million in FY2026 on Optus incident and Singapore outages
Young Zhan Heng - The remuneration of other key executives, excluding the CEO, also fell 11.9 per cent
Singtel weighs REIT as long-term funding option for AI infrastructure
Nurdianah Md Nur - Singapore Telecommunications (Singtel) is considering a real estate investment trust (REIT) or another permanent capital vehicle as it prepares to finance growth in data centres and sovereign artificial intelligence (AI) beyond its Singtel28 plan. It is assessing longer-term funding structures that ...
DBS completes US$1 billion significant risk transfer deal, in first for Singapore bank
Renald Yeo - It gives investors exposure to a corporate loan portfolio, while freeing up regulatory capital for the lender
Ninja Van Malaysia speeds fulfilment with Zebra Technologies as e-commerce volumes rise
Nurdianah Md Nur - Ninja Van Malaysia says it has doubled warehouse scanning speeds after deploying Zebra Technologies’ devices, printers and a cloud-based management system to handle higher order volumes. The delivery company, which serves nearly 25 million recipients nationwide, has introduced AC2 WAVE’s warehou ...
Alibaba, Tencent dropped by DC lobbyists to comply with US curbs
Moves to drop Chinese clients highlight the rising importance of the Pentagon’s blacklist as a tool in US-China rivalry
WhatsApp messenger to begin offering usernames
Restricting access to phone numbers would mean they are not shared automatically in cases such as being added to a large group chat or messaging a person or business for the first time, WhatsApp said.
Asian stocks erase gains, yen hits 40-year low
The MSCI Asia Pacific Index fell 0.2% as chipmakers such as Samsung Electronics and SK Hynix declined
Chinese tech manufacturers rush to list in Hong Kong, seeking up to HK$44.1 billion
The biggest of the five offerings is Shenzhen-listed Apple supplier Luxshare Precision Industry
Chinese tech manufacturers rush to list in Hong Kong, seeking nearly $6 billion
June 30 : Five Chinese technology and advanced manufacturing companies launched Hong Kong listings on Tuesday to raise up to HK$44.1 billion ($5.6 billion), one of the busiest days for new share sales this year, according to their company filings. The biggest of the five offerings is Shenzhen-listed ...
Oil falls as investors focus on potential Iran-US talks in Doha
June 30 : Oil prices dropped on Tuesday, with investors eyeing the outcome of potential U.S.-Iran talks in Doha amid weekend missile fire from both sides that tested an interim ceasefire to end the four-month-old war.Brent August crude futures, which expire on Tuesday, were down 1.03 per cent, or 75 ...
Global financial firms pivot to South Korea, cautious on China and India, survey shows
Singapore’s sustained appeal reflects its multipolar geopolitical positioning, ASIFMA says
Japan keeps intervention rhetoric unchanged despite yen's slide to 40-year low
TOKYO, June 30 : Japanese Finance Minister Satsuki Katayama reiterated on Tuesday that authorities stood ready to respond to currency moves, keeping the rhetoric unchanged despite the yen's slide to a four-decade low.The yen accelerated its decline to hit 162.41 in Tuesday morning trade after b ...
Japan ready to respond to yen moves at any time, finance minister says
TOKYO, June 30 : Japanese Finance Minister Satsuki Katayama said on Tuesday authorities stood ready to respond appropriately against currency moves at any time, in the wake of the yen's slide to a four-decade low."This includes taking decisive action, as confirmed between Japan and the U.S ...
Japan will build economic structure resilient to forex swings, govt spokesman says
TOKYO, June 30 : The Japanese government will build an economic structure that is resilient to foreign exchange fluctuations while standing ready to take action in the market if needed, Chief Cabinet Secretary Minoru Kihara said on Tuesday.Speaking at a regularly scheduled press conference, Kihara s ...
Dovish premier's 2nd appointee joins Bank of Japan board
TOKYO, June 30 : Prime Minister Sanae Takaichi's administration appointed Ayano Sato, seen as an advocate of loose monetary policy, as Bank of Japan board member on Tuesday, adding an important voice to debates over further rate increases.Ayano, a former academic, would be the second board memb ...
Amazon sued by Australian consumer watchdog over Prime Video ads
Beyond annual service fees, subscribers had to pay extra monthly fees to avoid ads, the authority says
Japan's Nikkei adds to record quarterly gain on tech rebound
TOKYO, June 30 : Japan's Nikkei share average climbed on Tuesday, powered by a rebound in technology stocks that have helped drive the gauge's record quarterly gains.The benchmark Nikkei 225 advanced 1.36 per cent to 70,416.02 in early trading. The index is poised for a 36 per cent gain in ...
China misses out on AI boom as stocks trail by most since 2001
Hopes of the Chinese market shedding its boom-bust reputation have turned into disillusionment
Stocks to watch: Aspial Corporation
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 30):
Gold drops below US$4,000 as US-Iran tensions raise inflation risk
Spot gold is down 1.3% at US$3,962.80 an ounce
Gold holds drop as US-Iran tensions weigh on inflation outlook
Spot gold is up 0.1% at US$4,018.84 an ounce
Gold drops as traders watch Iran tensions for inflation outlook
Spot gold falls 1.8% to US$ 4,016.97 an ounce
Japan's May factory output growth lagged forecasts
TOKYO, June 30 : Japan's factory output rose at a slower-than-expected pace in May from the previous month, government data showed on Tuesday. Here are a few details.• Industrial output grew 0.5 per cent in May from the previous month, versus the median market forecast for a 1.1 per cent rise ...
Super Micro raided as Taiwan expands chip smuggling probe
The move expands Taiwan’s first public AI-chip diversion crackdown after years of pressure from Washington
Yen hits 40-year low in historic slide that’s rattled Japan
The currency weakness is boosting the profits of exporters, and in turn helping the nation’s stock market to record highs
US House passes youth online safety legislation
June 29 : The U.S. House of Representatives passed legislation on Monday that would require online platforms to provide some safeguards for children, setting up a potential clash with the Senate where lawmakers support more stringent standards.Congress has taken increasing interest in preventing har ...
Australia sues Amazon unit over alleged breach via Prime Video ads
June 30 : Australia's competition regulator said on Tuesday it has taken Amazon's Australian unit to court, alleging its Prime subscription contracts contained unfair terms that allowed the company to add advertising to Prime Video.The Australian Competition and Consumer Commission (ACCC) ...
UK dilutes stablecoin capital requirement in final crypto rulebook
LONDON, June 30 : Britain's financial regulator said on Tuesday it would reduce its planned capital requirements for stablecoin issuers after industry pushback, as it unveiled regulations to bring the cryptoasset sector fully within its remit for the first time. Policymakers around the world ar ...
Bitcoin miner and AI firm Ionic Digital files for Nasdaq direct listing
June 29 : Bitcoin miner and AI infrastructure firm Ionic Digital filed on Monday to go public through a direct listing.The company was formed in January 2024 to acquire the cryptocurrency mining assets of Celsius Mining, a subsidiary of Celsius, which received U.S. bankruptcy court approval for a re ...
