Author: Admin
[SINGAPORE] Fruit distributor SunMoon Food Company has sunk into the red with a net loss of S$1.5 million for the full year ended March, compared with a net profit of S$28,000 the previous year. This was mainly due to a combination of factors, including a lower gross margin from the clearance of slow-moving inventories that were sold at low or even negative margins, afnd an expected credit loss of S$591,000 on trade receivables, the company said in a regulatory filing on Tuesday (May 27). Loss per share stood at S$0.00168 for FY2025, compared to earnings per share of S$0.00003 the previous year. Full-year…
This set of definitions will be expanded upon throughout the study where necessary to clarify distinctions and support industry-specific analysis.Esports Ecosystem OverviewStructure of the Competitive Esports LandscapeThe competitive esports landscape is a multifaceted ecosystem composed of stakeholders operating across multiple verticals. At its core, esports functions as a structured, entertainment-driven extension of traditional video gaming, transforming individual play into organised competition. These competitions are delivered through leagues, tournaments, and circuits, often at global scale, and are underpinned by both endemic (gaming-native) and non-endemic (external) commercial involvement.Esports titles typically fall into one of several genres, including multiplayer online battle arena (MOBA),…
TOKYO :Japan’s struggling Nissan is considering raising more than 1 trillion yen ($7 billion) from debt and asset sales which would include a syndicated loan guaranteed by the UK government, Bloomberg News said on Wednesday.The country’s third-biggest automaker plans to issue as much as 630 billion yen worth of convertible securities and bonds, including high-yielding U.S. dollar and euro notes, Bloomberg News said, citing documents it had seen.Nissan is also considering taking out a 1 billion pound ($1.35 billion) syndicated loan guaranteed by UK Export Finance, the report said. The report said Nissan is also looking at selling part of…
Don’t expect too much from the Arc browser in the future. The browser’s developer admitted over the weekend that while Arc is being maintained, new features are no longer in active development. The explanation, however, is convoluted. In a blog post, the company explained that while they concluded that the Arc browser was “incremental,” its novel features weren’t being used, either. For example, just under 6 percent of users took advantage of what Arc called a “space,” or workspace. “After a couple of years of building and shipping Arc, we started running into something we called the ‘novelty tax’ problem,”…
[TOKYO] Nissan Motor, facing a huge loan repayment wall next year, is seeking to raise more than one trillion yen (S$8.9 billion) from debt and asset sales to keep operations on track, according to documents seen by Bloomberg News.The struggling Japanese automaker plans to issue as much as 630 billion yen in convertible securities and bonds, including high-yielding US dollar and euro notes, the documents show. Nissan also plans to take out a £1 billion (S$1.7 billion) syndicated loan, guaranteed by UK Export Finance. In addition, Nissan is seeking to sell part of the stakes it owns in Renault and battery…
MADRID, May 28, 2025 /PRNewswire/ — The International Defense and Security Exhibition of Spain, Feindef, had a record year in 2025, with more than 44,000 attendees, an increase of 78% in international presence, and the signing of numerous strategic agreements, becoming a “benchmark platform for cooperation” for the sector for three days. The International Defense and Security Exhibition of Spain, Feindef, had a record year in 2025, with more than 44,000 attendees, an increase of 78% in international presence With a strong international focus, the biennial fair, which has the institutional support of the Spanish Ministry of Defense, reinforced its…
[SINGAPORE] New initiatives to facilitate cross-border data transfer and artificial intelligence (AI) safety were among the slew of announcements made by the Infocomm Media Development Authority of Singapore on Wednesday (May 28).A new Global Cross-Border Privacy Rules (CBPR) certification was announced, which would give businesses certainty in international data transfers. The certification would show compliance with internationally recognised data protection standards. This new certification is built on the Asia-Pacific Economic Cooperation (Apec) CBPR certification. OCBC is among the 100 Apec CBPR-certified organisations expected to benefit.At the start, the global CBPR certification will give access to nine economies – US, Australia, Japan,…
NEW YORK, May 28, 2025 /PRNewswire/ — Forbes China has released its “2025 Forbes China AI Tech Enterprises Top 50” list, recognizing Tuya Smart (NYSE: TUYA, HKEX: 2391), a leading global AI cloud platform service provider, as one of the country’s top AI technology companies. Tuya is notably the only AI cloud platform included in this year’s ranking in recognition of its robust technological capabilities and significant contributions to advancing AI accessibility and commercialization. The list highlights outstanding Chinese enterprises driving AI innovation, showcasing the industry’s development and growing influence. According to Forbes China, companies that combine breakthroughs in…
(Corrects milestone to July from November in headline and first paragraph)By Kevin BucklandTOKYO :Demand at an auction of 40-year Japanese government bonds on Wednesday fell to the lowest since July, amid a selloff in so-called super-long debt this month. A measure of demand called the bid-to-cover ratio, which gauges total bids against the amount of securities on offer, sank to 2.2 from 2.9 at the previous sale in March. Japan’s Ministry of Finance sold about 500 billion yen ($3.46 billion) of the bonds at Wednesday’s auction.The 40-year JGB yield spiked to a record 3.675 per cent last week as worries…
Nigel Farage could “definitely” become prime minister at the next general election, Dominic Cummings has said.The former Number 10 aide has advised the Reform UK leader on how to go from “one man and an iPhone” to entering Downing Street. Politics Hub: Follow live updates from WestminsterThe revelation came in a wide-ranging interview with Sky News, in which the controversial figure, who served as Boris Johnson’s chief adviser from 2019 to 2020, revealed details of a meeting between the pair.Asked if Mr Farage could be prime minister, he said: “It could definitely happen now, yeah, because the old system’s just…