Temasek to write down US$275 million in FTX, says belief in Bankman-Fried appears to be ‘misplaced’
Temasek said the total cost of its investment in FTX was 0.09 per cent of its net portfolio value of S$403 billion as of end March this year.
Corporate Buzz
New Japanese firm aims to start producing next-generation semiconductors by 2027
The firm plans to develop advanced 2-nanometer generation semiconductors, for which production technology has yet to be established.
Binance & Royal Group solidify partnership to introduce Web3 to Cambodia
Both parties have agreed to explore possibilities of creating solutions and platforms based on Web3 applications to nurture economic growth.
Airbus starts A321 aircraft production in Tianjin
The A321, the biggest member of the A320 family, now serves as Airbus' narrow-body aircraft with the strongest demand globally.
Airline on the block in Sri Lanka reforms
With nearly 6,000 staff, SriLankan Airlines is the biggest and most expensive of the cash-hemorrhaging, sclerotic companies that have drained the budget.
Nintendo lifts profit guidance on weaker yen, sees slower console sales
The Kyoto-based company changed its assumption for the dollar-yen rate to 135 from 115, to reflect a sharp depreciation of the currency this year.
New, impressive products at fifth CIIE
A total of 94 debut shows will launch world or Asia premiere of products for four days in row, including consumer goods and agricultural products.
Honda to start testing self-driving electric cars
The vehicle is expected to be used for short distances, such as for sightseeing and business.
Proxy battle looms at Samsung as Lee Jae-yong tightens grip
Rather than seeking costly changes in governance structure, the Samsung chief is likely to boost shareholder benefits to secure more favourable votes
Working groups sent to Foxconn to contain Covid-19
The Foxconn plant – a major supplier for iPhone with around 200,000 employees – has been affected by a Covid-19 outbreak.