Japan likely reaped record tax revenues last year, sources say
TOKYO, July 2 : Japan's tax revenue likely exceeded 84 trillion yen ($516.92 billion) in fiscal 2025 to hit a record for the sixth straight year, two government sources said on Thursday.The increase may help Prime Minister Sanae Takaichi's administration reduce its reliance on fresh debt i ...
BYD set to overtake Tesla again in fully electric car sales
The carmaker’s shares rise 8.4% on Thursday, its biggest intraday gain since February 2025
Maybank trims 2026 STI target to 5,500, says weak IPO debuts could dampen market
Shikhar Gupta - Still, its head of research asserts that the core re-rating thesis for Singapore stocks is intact
Chanel vs Dior: Why luxury’s two biggest reboots are under scrutiny
Matthieu Blazy has sparked immediate demand at Chanel, while Jonathan Anderson is taking a longer view at Dior. In a tougher luxury market, both houses are fighting harder for growth.
Exclusive-Japan shifts to ambush intervention tactics against yen short sellers, sources say
TOKYO, July 2 : Japanese officials are abandoning their habit of telegraphing intervention risks, instead signalling a more targeted campaign to squeeze speculators and raise the cost of betting against the battered yen, two sources familiar with the matter said.Departing from the calibrated jawboni ...
SoftBank's LY, Bain raise Kakaku bid again, widen lead over rival EQT offer
TOKYO, July 2 : SoftBank's LY Corp and Bain Capital have raised their bid for Kakaku.com again, valuing the Japanese price-comparison website operator at 670 billion yen ($4.12 billion) and widening their lead over a rival offer from Sweden's EQT.In the legally binding offer announced late ...
Asian shares fall as chipmakers drag; US jobs data looms
SYDNEY: Asian shares skidded on Thursday (Jul 2) as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for US jobs data that could gives hints about the risk of interest rate hikes.Oil prices hit new four-month lows, with Brent crude off 0.8 per c ...
Grab completes US$425 million acquisition of US-based Stash Financial
Shikhar Gupta - It plans to eventually introduce Stash’s investing solutions, including an AI Money Coach, in South-east Asia
Vietnam central bank says global risks complicate policymaking
HANOI, July 2 : Global risks are putting pressure on the Vietnamese central bank's policy management, deputy governor Pham Thanh Ha said on Thursday.The Southeast Asian manufacturing hub is targeting economic growth of more than 10 per cent this year, supported by stronger infrastructure spendi ...
DBS seen to benefit from China’s tighter grip on wealth flows: report
Singapore’s more diversified, offshore, and policy-supported model looks cleaner, leaving its banks best-positioned to benefit
El Nino may pile pressure on Asean food prices as dry weather meets fuel and fertiliser shock
Evan See - Rice and palm oil prices could spike in a ‘Godzilla’ El Nino, with poultry and livestock prices also at risk
Japan records leap in currency-driven bankruptcies triggered by yen weakness
45 firms fail in the first half of 2026, 30% up from a year earlier
SK Hynix to build $51 billion NAND memory chip factory by 2029
SEOUL, July 2 : SK Hynix said on Thursday that it plans to invest 80 trillion won ($51.46 billion) to build a new factory for NAND memory chip production by 2029 to address a shortage driven by the AI boom. SK Hynix plans to start construction of the new fab, called M17, in the South Korean city of ...
High Court interprets vital term of Competition Act in case of price-fixing by warehouse operators
Tay Peck Gek - ‘By object’ under section 34 of the act refers to conduct that has ‘manifest anti-competitive economic rationale’
High Court interprets vital term of Competition Act on market rivalry restriction
Tay Peck Gek - ‘By object’ under section 34 of the act refers to conduct that has ‘manifest anti-competitive economic rationale’
SK Hynix, Samsung down over 8% as Asian stocks fall on Korean chip sell-off
South Korea’s Kospi falls almost 6%, dragging the MSCI Asia Pacific Index down 1.2%
Asian stocks fall on Korean chip sell-off, oil dips; SK Hynix, Samsung down 8%
South Korea’s Kospi falls almost 6%, dragging the MSCI Asia Pacific Index down 1.2%
Asian stocks drop after US chip sell-off, oil falls
South Korean stocks fall over 5%, pulling the MSCI Asia Pacific Index down 0.9%
Oil falls after US, Iran talks conclude in Doha
BEIJING, July 2 : Oil prices dropped in early trade on Thursday after Qatar said Iran and the U.S. had made "positive progress" in indirect talks that concluded on Wednesday, focused on the Strait of Hormuz, which handled one-fifth of global oil supply before the war.Brent futures were dow ...
Dollar steady as focus turns to US payrolls, yen intervention jitters persist
TOKYO, July 2 : The dollar held steady on Thursday as markets awaited key U.S. non-farm payrolls data, while the yen's slide to 40-year lows against the greenback and thin trading ahead of a U.S. holiday kept traders on high alert for intervention.The dollar index, which measures the greenback ...
SP Group completes acquisition of EV charge point operator ChargEco
Derryn Wong - The national power company now has Singapore’s biggest electric vehicle charging network
Taiwan detains Super Micro workers in China smuggling probe
Four of the firms’ staff are being investigated for falsifying documents and breach of trust
Gold holds gain after Warsh remarks ease Fed rate-hike prospects
Spot gold is 0.3% higher at US$4,053.57 an ounce
KPMG Australia brings in independent chairman after whistleblower allegations prompt leadership exodus
New chair Michael Ebeid says first priority is to restore board effectiveness
Stocks to watch: Samudera Shipping, Koh Brothers Eco Engineering
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jul 2):
Traders plot worst-case scenario for yen if currency crisis hits
Some investors view Japan as a laggard in raising interest rates to combat inflation
Bayer shifts US glyphosate business to Ruveon after seeking tariffs on Chinese imports
July 1 : Bayer said on Wednesday it is consolidating its U.S. glyphosate business into its Ruveon unit, a day after it asked Washington to impose duties on Chinese imports of the chemical used in the company's weedkiller Roundup.• Bayer, the only U.S. maker of glyphosate, sought duties agains ...
Gaming growth, AI-boosted supply chains: S&P lists 5 Apac sectors to watch right now
Shikhar Gupta - Casinos and office Reits shine, but hype, energy shocks and trade tensions will dictate winners and losers
KKR-backed South Korea fashion retailer Musinsa ramps up Asia store push ahead of IPO
The company will accelerate its footprint abroad, targeting 100 stores in China by 2030 to challenge Uniqlo
South Korea's inflation rate quickens to 2-1/2-year high
SEOUL, July 2 : South Korea's consumer inflation accelerated to a two-and-a-half-year high in June, cementing expectations for an interest rate hike by the central bank as early as its upcoming policy meeting on July 16.The consumer price index (CPI) rose 3.2 per cent from a year earlier, marki ...
What makes a good job? Feeling that you matter
Low Youjin - Pay and career progression matter, but so does feeling valued by the people you work with
Defence engineering firm Marunda holds its own in an industry of giants
The Singapore-headquartered company supports defence operations around the region
Alibaba, payment firm will pay US$600 million to resolve US probe
The settlement comes at a delicate time for Alibaba in the US
Apple seeks to buy Chinese-made memory chips with lobbying push
Both CXMT and YMTC are on US Defense Department list of entities believed to support Beijing’s military
