Latest news with #localfirms
Bloomberg
30-06-2025
- Business
- Bloomberg
Musk's Starlink Eyes 2 Billion Rand South Africa Investment
Billionaire Elon Musk's Starlink, in a potential workaround of South Africa's Black-empowerment rules to gain an operating license, may invest about 2 billion rand ($112.7 million) in the country, Business Day reported citing sources that it didn't identify. The internet services company will channel that investment into infrastructure to support the Southern African Development Community made up of 16 countries, the Johannesburg-based newspaper said. Starlink told the South African government it will use local firms to build its infrastructure and lease land, fiber, energy as well as for security and maintenance support.
CNA
16-05-2025
- Business
- CNA
Singapore firms struggling with cash flow amid US tariffs
Singapore companies are struggling with cash flow, as their orders get delayed and customers miss payments. They have voiced these concerns to the Singapore Economic Resilience Taskforce chaired by Deputy Prime Minister Gan Kim Yong. Local firms are facing uncertainty over the effects of US tariffs and slowdown in the global economy. Mr Gan said the taskforce is keeping a close watch on local firms and support measures will be given, if needed. Nasyrah Rohim reports.
Bloomberg
08-05-2025
- Business
- Bloomberg
Taiwan Dollar's Stunning Rally Spells Trouble for Tech, Insurers
A surging Taiwan dollar is aggravating concerns about the competitiveness and earnings prospects of local firms that form the backbone of global tech supply chains. The currency's recent sharpest rally against the greenback in nearly four decades has further eroded the relevance of an upbeat results season that preceded Donald Trump's punishing tariffs. Of the 205 Taiwanese companies that had reported first-quarter earnings, more than half of them beat estimates, according to a Goldman Sachs Group Inc. note last week.
