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BUSINESSAug 28Supermax achieves turnaround in Q4 with pre-tax profit of RM35.15 millionRevenue rises to RM217.3 million, primarily driven by higher average selling prices and increased demandthesun_my · malaysia
BUSINESSAug 28Global entrepreneurs eye China partnerships at HICOOL summitGlobal entrepreneurs are seeking partnerships in China at the HICOOL summit. This indicates international business interest in the Chinese market.china.org.cn · China
BUSINESSAug 28China to continue contributing to world development : Top economic plannerChina's top economic planner states that the country will continue to contribute to world development. This indicates China's ongoing role in global economic affairs.china.org.cn · China
BUSINESSAug 28Saga Governor meets JR Kyushu President: "Simultaneous equations for Shinkansen development are ready"Asahi Shimbun
BUSINESSAug 28Why Malaysia’s push for 15 million Muslim tourists is no sure thingMalaysia sees an opening in the Gulf travel disruption caused by the Iran war, pitching itself as a Muslim-friendly destination for travellers seeking halal food, prayer facilities and family-focused holidays. But such gains could be limited because the conflict has not only weakened tourism within the Middle East, but also affected long-haul flight routes that Malaysia depends on to draw Muslim tourists, according to analysts. The push comes as the six-month-old war continues to disrupt travel...South China Morning Post
BUSINESSAug 28Uncertainty over CATL lithium mine restart could fuel price volatility: analystsRestart schedules for the Jianxiawo lithium mine in Yichun, Jiangxi Province operated by CATL – the world’s largest lithium-ion-battery producer – are now facing fresh uncertainty. Analysts said the development could fuel volatility in lithium prices in the fourth quarter since the mine – the world’s largest single‑deposit lepidolite mine according to Yichun city – represented roughly 4 to 5 per cent of global supply when operating at full capacity. Local environmental regulator Yichun Ecology...South China Morning Post
BUSINESSAug 28Monetary , fiscal policies out of sync as BOK hikes rates , govt boosts spendingMonetary and fiscal policies are reportedly out of sync, with the central bank hiking rates while the government boosts spending. This indicates a divergence in economic strategy by key financial institutions.koreatimes.co.kr · South Korea
BUSINESSAug 28China’s CXMT posts massive 870% revenue surge as ‘aggressive expansion’ pays offChinese chipmaker ChangXin Memory Technologies (CXMT) reported a sharp surge in first-half revenue on Friday, as the firm released its first financial results since becoming China’s most valuable publicly traded company in a blockbuster Shanghai listing last month. The Hefei-based firm – China’s leading maker of dynamic random-access memory (DRAM) products – posted revenue of 150.31 billion yuan (US$22.4 billion) for the six months to June, up 873.64 per cent year on year, according to a filing...South China Morning Post
BUSINESSAug 28BOCHK posts higher profit as lower credit costs offset margin pressureBank of China (Hong Kong), one of the city’s three note-issuing banks, reported a 7.1 per cent year-on-year increase in first-half net profit, as lower impairment charges and a wider net interest margin helped offset continued pressure on lending margins from falling Hong Kong interbank rates. Profit attributable to shareholders came to HK$23.74 billion (US$3 billion) for the six months to June 30, or HK$2.2453 per share, according to a stock exchange filing on Friday. The result beat analysts’...South China Morning Post
BUSINESSAug 28Chinese robot maker Micbot looks to woo Aramco while chasing Hong Kong IPOA Chinese robotics firm is accelerating its overseas strategy, with a fleet of AI-powered industrial quadrupeds being primed for Saudi Aramco facilities, while revving up its bid for a listing in Hong Kong next year. Heavy-duty, explosion-proof robots from Micbot are tipped to join similar products from other suppliers at oilfields, petrochemical bases and mines operated by Aramco, according to Micbot’s chief marketing officer, Huang Ziyan. Unlike consumer-focused companies that make educational...South China Morning Post
BUSINESSAug 28China debt crisis is fallout of financial suppression of householdsThe debt crisis in China is being attributed to the financial suppression of households. This indicates a significant economic issue with potential broad impacts.ianslive.in · India
BUSINESSAug 28Macau tycoon Lawrence Ho’s family office expands into space sector in de-SPAC dealBlack Spade Capital, the family office of Macau casino billionaire Lawrence Ho Yau-lung, has announced its third de-SPAC deal through a merger with a satellite communications firm, a move granting it access to the space technology sector. Under the agreement, Singapore-based Astrum Space will combine with blank-check company Black Spade Acquisition III (BIII) at an equity value of about US$1 billion. The combined entity, Astrum Space Company, would seek a listing on the New York Stock Exchange,...South China Morning Post
BUSINESSAug 28Shares in Chinese MLCC makers rise as AI lifts sales and profitsChina’s top makers of multilayer ceramic capacitors (MLCCs) – ubiquitous components known as the “rice of the electronics industry” – saw their shares rise on Friday after reporting ballooning first-half sales and profits amid soaring demand linked to AI. Shenzhen-listed shares of Chaozhou Three-Circle Company (CCTC) and Guangdong Fenghua Advanced Technology, two of the country’s largest MLCC makers, gained nearly 1 per cent and 3 per cent, respectively, in morning trading. CCTC’s Hong...South China Morning Post
BUSINESSAug 28Japan's finance minister to attend G20; market focus on yen debateJapan's finance minister and central bank governor will attend next week's U.S.-hosted meeting of finance chiefs from ‌the Group of 20 major economies, setting the stage for renewed…Japan Today
BUSINESSAug 28Pre - orders explode for Geely Xiaomi rivalA rival product to offerings from Geely and Xiaomi has experienced a massive surge in pre-orders. This suggests significant market interest in the new competitor.canberratimes.com.au · Australia
BUSINESSAug 28China Life’s revenue surges as top insurer ramps up investment in AI, chips and biotechChina Life Insurance, the country’s largest life insurer, has posted record highs in its first-half results, and says it will scale up investments in technology-related sectors while seeking to become a long-term partner for innovative enterprises. The Shanghai- and Hong Kong-listed insurer recorded revenue of 434.3 billion yuan (US$64.6 billion), up 81.5 per cent year on year, according to interim results released on Thursday. Net profit surged more than 228 per cent to 134.5 billion yuan. The...South China Morning Post
BUSINESSAug 28Chinese power stocks slump after US grid ban: is the sell-off warranted?Chinese power equipment stocks have tumbled after the United States moved to bar certain foreign-made grid equipment and related software, but some analysts believe the sell-off may have been excessive, with enforcement still uncertain and Chinese firms able to offset the impact in other markets. Sungrow Power Supply, a major Chinese inverter maker, slumped 12.24 per cent on Thursday after US President Donald Trump signed an executive order a day earlier, declaring a national emergency and...South China Morning Post
BUSINESSAug 28Chargé dAffaires : China Imported $2 . 3bn Nigerian Goods in Six Months – THISDAYLIVEAccording to a Chargé d'Affaires, China imported $2.3 billion worth of goods from Nigeria in six months. This indicates significant trade activity between the two nations.thisdaylive.com · Nigeria
BUSINESSAug 28South Korea Kospi falls 1 . 2 % as Asian shares riseThe South Korea Kospi stock index experienced a 1.2% decline while other Asian shares generally rose. This indicates a divergent performance in the region's financial markets.businesstimes.com.sg · Singapore
BUSINESSAug 28Court allows cash - strapped JTBC to begin rehabilitation processA court has granted permission for the financially struggling JTBC to commence a rehabilitation process. This decision aims to help the company recover from its current cash-strapped state.koreaherald.com · South Korea
BUSINESSAug 28Asian shares mostly gain after upbeat results for Nvidia and others lift US stocksAsian shares mostly saw gains following positive results from Nvidia and other companies, which boosted US stocks. This reflects a generally positive trend in global financial markets.stardem.com · United States
BUSINESSAug 28Asian markets mixed as Nvidia boost offsets Jackson Hole cautionSeeking Alpha Tech
BUSINESSAug 28SoftBank-backed surgical robotics firm eyes Hong Kong listing to power mainland China pushSoftBank-backed surgical robotics company Noah Medical has begun preparations for a Hong Kong initial public offering, joining a wave of cutting-edge technology firms tapping the city’s international fundraising pool. The US-headquartered company aimed to raise more than US$100 million and planned to file its listing application as early as next year, according to founder Zhang Jian. “We want to expand our business in [mainland] China, and Hong Kong – as an international financial centre with a...South China Morning Post
BUSINESSAug 28Ride-hailing platforms seeking Hong Kong licence must have handled 100,000 orders a dayHong Kong authorities have opened licence applications for ride-hailing platforms under a new regulatory scheme, saying operators must have a proven track record of providing legal services in cities with a population of more than 7.5 million, while handling over 100,000 daily orders in at least two cities. Announcing the licensing terms on Friday, the Transport Department said the eligibility criteria also included using technology such as facial recognition for due diligence checks to ensure...South China Morning Post
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