Australia deepens ASEAN investments amid global trade headwinds
Australia's Business Champion for Singapore and former ANZ CEO Shayne Elliott tells CNA's Roland Lim why Canberra is seeking "new friends in an increasingly difficult world."
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
20 minutes ago
- CNA
Harvey Norman opens new store at Lot One mall with special deals
Harvey Norman has opened its brand-new store at Lot One in Choa Chu Kang, with special deals for shoppers. Located on the third level, the new store offers a mix of home appliances and IT products including built-in cooking appliances, vacuums, personal care products, gaming products and more. Shoppers can expect a wide range of energy and water-efficient appliances as part of Harvey Norman's broader commitment to environmental responsibility, including refrigerators, air conditioners and washing machines, majority of which are applicable with climate vouchers. Harvey Norman's Next Gen AI experts will also show customers how to integrate AI into everyday life through a wide selection of laptops from brands such as Acer, Asus, HP, Lenovo, Microsoft and MSI. In conjunction with its grand opening at Lot One, shoppers can now enjoy exclusive opening deals including Monster True Wireless Earbuds at S$10 (usual price is S$79), a Dyson Supersonic at S$399 with a S$50 Harvey Norman gift card (usual price is S$599), as well as a Sharp 7kg Front Load Washer at S$1 after the S$400 climate voucher and Harvey Norman rebates (usual price at S$531). 'Lot One is a vibrant hub for families, students and professionals, and we're excited to bring our extensive product range and trusted service to the community,' said Bernice Kwok, managing director of Harvey Norman Singapore and Malaysia. 'Beyond offering everything from smart home appliances to Next Gen AI computing devices, we have knowledgeable product specialists to guide customers in finding what best suits their lifestyles, along with hands-on product demos to enhance the customer journey and meet the evolving needs of today's consumers.' Facebook page for more information.
CNA
26 minutes ago
- CNA
Bumper orders for Xiaomi's new SUV heighten threat to Tesla
(Corrects last paragraph to say Xiaomi's share price has risen by over 70 per cent so far this year, not more than tripled) By Brenda Goh, Che Pan and Qiaoyi Li SHANGHAI :Exceptionally strong initial orders for Xiaomi's YU7 electric sport utility vehicle sent shares in the automotive newcomer to a record high on Friday and fanned speculation that Tesla may have to cut prices to fight back. The company received 289,000 orders for the YU7 - only its second vehicle and one that undercuts Tesla's Model Y in price by nearly 4 per cent - in its first hour on sale, according to CEO Lei Jun. That was more than three times the level for its SU7 electric sedan launched in March last year and easily exceeded market expectations of around 100,000 in orders. Tesla's Model Y, China's best-selling SUV, will likely lose more market share, analysts said. That would only rub salt into the wound for the U.S. automaker which has steadily lost ground to domestic EV makers that have won over consumers with snazzy new models. Xiaomi's SU7, for example, has outsold Tesla's Model 3 in China on a monthly basis since December. The YU7 is priced from 253,500 yuan ($35,360) which is "slightly below that of Tesla's Model Y but it offers much better specs and performance," said analysts at Jefferies. Citi analysts said Tesla may have to cut prices further, offer its "Full Self-Driving" driver assistance software for free and offer more financing incentives if it is to successfully compete with Xiaomi. Tesla did not immediately respond to a request for comment. Its share of the Chinese EV market has fallen from a peak of 15 per cent in 2020 to 10 per cent last year and then again to 7.6 per cent for the first months of 2025. Xiaomi's shares shot 8 per cent higher in early trade to an all-time high but later pared gains to be up 3 per cent. They have risen by more than 70 per cent so far this year to value the smartphone and appliance maker at nearly $200 billion, making the company the best performing large cap stock in Asia Pacific, according to LSEG data.
CNA
an hour ago
- CNA
CNA938 Rewind - Mind Your Money - Budgeting for your next holiday
CNA938 Rewind As the June school holidays wrap up and travel bills roll in, Cheryl Goh finds out smart tips to help you keep your next holiday budget on track with Ashley Thomas, Head of Strategy & Operations for Revolut in Singapore.
