VietJet to hire more than 5,000 new Thai staff for expansion
Published Thu, Aug 7, 2025 · 12:13 PM [BANGKOK] VietJet Aviation plans to employ more than 5,000 new staff in Thailand as Vietnam’s biggest budget carrier accelerates flight and route expansion to South-east Asia’s most popular travel destination. VietJet Thailand, the Vietnamese airline’s Thai unit, this year will start new direct flights to major Asian…
Read MoreSoko Glam to Launch K-beauty Shops-in-shop at Space NK
Fresh off its acquisition by Ulta Beauty last month, U.K.-based beauty retailer Space NK is welcoming another retailer crossover. The company has joined forces with e-tailer Soko Glam to introduce K-beauty shops-in-shop to 30 of its 83 stores across the U.K. and Ireland. The partnership will kick off Aug. 12, bringing nine Korean beauty brands…
Read MoreUOB resumes guidance for FY2025 with trimmed forecasts amid Q2 earnings miss
[SINGAPORE] UOB has resumed guidance on its full-year 2025 targets after briefly pausing them in the first quarter, but the projections are now broadly lower. The bank now expects net interest margin (NIM) for FY2025 to come in at between 1.85 and 1.9 per cent, down from its earlier forecast of around 2 per cent.…
Read MoreSony lifts outlook on entertainment demand despite tariff threat
The company’s image sensors business faces weak handset demand as well as seismic shifts in the supply chain Published Thu, Aug 7, 2025 · 11:51 AM [TOKYO] Sony Group raised its earnings forecast on Thursday (Aug 7) after a strong showing from its entertainment divisions that outweighed the threat of new US tariffs on chips.…
Read MoreAsia: Markets rise as Trump chip exemptions boost tech giants
[HONG KONG] Asian equities rose on Thursday, with big-name chip firms making big gains after Donald Trump said those investing in the United States would be exempted from a threatened 100-per cent tariff on semiconductors. The advances built on a strong lead from Wall Street and extended the previous day’s rally fuelled by hopes the…
Read MoreSingPost sells 10 HDB shophouses to Union Gas chairman for S$55.5 million
[SINGAPORE] Singapore Post (SingPost) has sold 10 Housing & Development Board (HDB) shophouses for S$55.5 million, after putting them up for sale and leaseback earlier this year. The buyer is Teo Kiang Ang, the founder and non-executive chairman of Union Gas, who confirmed with Lianhe Zaobao on Monday (Aug 4) that he had purchased the…
Read MoreBlackRock’s GIP said to hire for South-east Asia infrastructure
The challenge around such ventures is creating a risk-reward structure that attracts enough private capital Published Thu, Aug 7, 2025 · 11:04 AM [SINGAPORE] Global Infrastructure Partners (GIP), a private markets firm that’s a unit of BlackRock, is setting up a team to finance infrastructure projects in South-east Asia that usually struggle to secure investment,…
Read MoreSouth Korea says Samsung, SK Hynix will not be subject to 100% US chip tariffs
Published Thu, Aug 7, 2025 · 10:42 AM [SEOUL] South Korea’s top trade envoy Yeo Han-koo said on Thursday that Samsung Electronics and SK Hynix will not be subject to 100 per cent US tariffs on chips. Yeo said on radio that among various countries, South Korea will face the most favourable US tariff rates…
Read MoreLyft shares slide on weak sales, disappointing ride totals
[NEW YORK] Lyft shares slid in late on Wednesday (Aug 6) trading after the ride-hailing company reported revenue that fell short of Wall Street’s expectations, stoking concerns about its efforts to expand globally. The company reported revenue of US$1.59 billion in the three months ended Jun 30, slightly missing analysts’ expectations of US$1.61 billion. And…
Read MoreManulife buys Comvest to build US$18.4 billion private credit unit
[TORONTO] Manulife Financial agreed to buy a majority stake in Comvest Credit Partners, creating a US$18.4 billion private credit platform as the insurer accelerates its expansion into alternative investments. The company will acquire 75 per cent of the middle-market lender for about US$938 million, according to a statement on Wednesday (Aug 6). The deal includes…
Read MoreAre sovereign wealth funds dumping Israeli investments?
The Norwegian government on Tuesday said it would review its sovereign wealth fund’s investment in Israel after the Scandinavian country’s leading newspaper revealed that the nearly $2 trillion fund had a stake in an Israeli company aiding Israel’s war in Gaza. The newspaper, Aftenposten, identified the company as the Bet Shemesh Engines Ltd (BSEL) group,…
Read MoreUOB shares fall over 2% following lower Q2 net profit of S$1.34 billion reported
[SINGAPORE] Shares of UOB fell by more than 2 per cent on Thursday (Aug 7), on the back of the local bank’s second-quarter results, which saw a 6 per cent year-on-year decline in its net profit of S$1.34 billion for the three months ended June 2025, from S$1.43 billion in the same year-ago period. This…
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