Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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SK Hynix board approves $38 billion investments for South Korea’s Yongin, Cheongju chip plants
SEOUL, Aug 7 : South Korea’s SK Hynix said on Friday that its board had approved about 54.3 trillion won ($38.30 billion) of investments through 2031, including 35.2 trillion won for the second phase of construction of its chip fabrication plant in Yongin and 19.1 trillion won for its M17 chip plant in Cheongju.
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Thailand to cut excise tax for car production, minister says
BANGKOK, Aug 7 : Thailand plans to cut excise tax rates for automakers that establish production facilities in the country to encourage greater use of locally sourced parts and raw materials, the finance minister said on Friday.• The ministry expects to submit the proposal to the cabinet by September, Ekni
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Hispasat wins lead role in EU’s €15.6 billion IRIS2 satellite network
Aug 7 : Spanish defence company Indra said on Friday its majority-owned satellite operator Hispasat was named prime contractor for antennas, control systems and ground links in the European Union’s IRIS2 secure satellite network, with a budget of over €1.6 billion ($1.74 billion).The operator, 89.68 per cen
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South Korea vows truth over forced overseas adoptions
According to government data, 24 children were adopted overseas in 2025, 58 in 2024, 79 in 2023, and 142 in 2022.
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SK Hynix to announce additional shareholder return measures in third quarter
SEOUL, Aug 7 : South Korea’s SK Hynix said on Friday it was “actively reviewing” additional shareholder return measures to enhance shareholder value and expected to finalise and announce details in the third quarter, according to a regulatory filing. The company also said it would pay a dividend of 375 won pe
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EU Commission signs contract to expand IRIS2 satellite constellation
BRUSSELS, Aug 7 : The European Commission said on Friday it signed an agreement with the space consortium SpaceRISE to expand the IRIS2 satellite constellation it is currently developing.• The agreement adds 66 satellites into low Earth orbit to the programme, bringing the main constellation to 348 satellit
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US and ASEAN chair call for unconditional release of Myanmar’s Aung San Suu Kyi
MANILA: The US State Department and the chair of the Association of Southeast Asian Nations on Friday (Aug 7) reiterated their calls for the unconditional release of Myanmar’s detained former leader Aung San Suu Kyi and other political prisoners.On Monday,
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Genshin Impact leakers jailed in landmark criminal case in China
It marks the first criminal case against video game leaks under updated legislation in China, signalling tougher consequences for those who share unauthorised and unreleased gaming content.
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‘AI slop’ or not? 2 Singapore films set for National Day release spark debate
Created using AI, Trace Project and Bersama Majulah tell fictional stories inspired by Singapore and will be released on Sunday (Aug 9).
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Dollar set for weekly gain as traders eye Iran talks, US jobs data
TOKYO, Aug 7 : The dollar headed for a weekly gain against major peers on Friday as doubts about an Iran peace deal buoyed the U.S. currency’s safe-haven appeal.The greenback also drew support from higher Treasury yields after a Financial Times report citing sources close to Federal Reserve Chair Kevin Warsh
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