Endeavour Group's (ASX:EDV) board confirmed the appointment of Tim Poole as its independent chairman, effective Thursday, according to a same-day filing with the Australian bourse.
Duncan Makeig has completed his term as the company's interim chairman and will remain as a non-executive director, per the filing.
Endeavour Group shares were down 2% in recent Thursday trade.
Indonesia is planning to develop power plants converting waste to energy in a bid to reduce landfill waste and become self-reliant in the energy sector, Nikkei Asia reported Thursday.Under the plan, sovereign wealth fund Danantara is reportedly set to construct 33 power plants across Indonesia over the next few years.Danantara will collaborate with firms in the private sector to build the plants and will hold a maximum 30% interest in each project, Nikkei Asia said.The fund held the first round of bidding in March, with the second set to start soon with 100 potential investors registered, the newswire reported citing Danantara Chief Investment Officer Pandu Sjahrir.Indonesia is currently facing challenges with the supply of petroleum and other energy resources amid the Middle East conflict.The plants, to be built with a total cost of 91 trillion rupiah, are expected to process 33,000 tons of waste every day and supply up to 800 megawatts of electricity, supporting energy self-sufficiency, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Quintain Steel (TPE:2017) posted a net loss attributable to owners of NT$59.5 million in the first quarter, or a basic loss per share of NT$0.14, according to a Wednesday disclosure on the Taiwan Exchange.Shares slid over 2% in Thursday's afternoon trade.The steel manufacturer did not provide comparative year-ago figures.Operating revenue amounted to NT$670.6 million, it said.
Malaysia and Taiwan are strengthening cooperation in the semiconductor value chain as artificial intelligence demand accelerates across industries, from manufacturing to healthcare, CNA reported Wednesday.Taiwan's strengths in advanced chip-making complement Malaysia's established role in packaging, testing, and electronics manufacturing services, creating a more integrated supply chain partnership between the two sides, the news outlet said.The push was highlighted at a smart technology event jointly organized by Taiwan External Trade Development Council, where officials and industry players underscored semiconductors as a critical backbone for AI, 5G and high-performance computing ecosystems, CNA said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)