Posts by Riah Marton
Wing Tai’s Amara foray may not help its own minorities
[SINGAPORE] Minority shareholders of hotel and property group Amara Holdings who did not accept an earlier offer by Amethyst Assets, which closed in early 2024, have reason to cheer. Last week, Amara’s minority investors received a far superior voluntary conditional general offer at S$0.895 per share from DRC Investments, compared with the S$0.60 per share…
Read MoreVietnam launches long-awaited new trading system, moves closer to market upgrade
[HANOI] Vietnam’s Ho Chi Minh Stock Exchange (HoSE), on Monday (May 5), officially rolled out the most comprehensive infrastructure overhaul to date. This will serve as a foundational step for it to align with international standards and unlock a potential equity-market upgrade to emerging status this year. The new system, known as KRX, has been…
Read MoreSister Wives’ Kody Brown Laments Not Having a Chance “to Make Things Right” Before Son Garrison’s Death
Janelle Questioned How Kody Handled the Family Money Griping about the family’s inability to pay off Coyote Pass, Janelle said Kody claimed to have “all these other debts.” And, yet, she’s watched him snap up other assets like trailers and home décor. “I see all the art on their walls,” she said of Robyn and…
Read MoreSingapore’s AI large language model Sea-Lion to offer more features as more firms use it in S-E Asia
[SINGAPORE] Singapore’s home-grown large language model (LLM), Sea-Lion, is steadily gaining traction, with some 235,000 downloads so far, bolstered by adoption by large companies such as GoTo Group in Indonesia. After releasing the latest model with “reasoning” capabilities on Apr 15, its researchers at AI Singapore told The Straits Times that they plan to add…
Read MoreSingapore’s STI little changed in early trade on Monday after PAP win at GE2025
[SINGAPORE] Singapore shares were little changed in early trade the first trading day after the country’s elections wrapped up. As at 9.28 am, the Straits Times Index (STI) opened 0.1 per cent or 3.36 points lower at 3,841.78 on Monday (May 5). Across the broader market, gainers outnumbered losers 107 to 79 after 79.8 million…
Read MoreGE2025: Ruling party’s strong showing signals flight to safety and a vote for policy continuity, say analysts
[SINGAPORE] Analysts welcomed the results of Singapore’s general election (GE) held over the weekend, calling them a vote for political stability and policy continuity for investors. Citi said in a report on Monday (May 5) that the strong mandate won by the ruling People’s Action Party (PAP) puts to rest any fears of a lurch…
Read MoreJapan Foods warns of ‘substantial’ full-year loss, citing weak sales and outlet closures
The group also records an allowance for impairment loss on a loan to a joint venture company, Dining Collective, of S$680,000 [SINGAPORE] Japan Foods announced on Monday (May 5) that it expects to report a “substantial net loss” for FY2025 ended Mar 31, based on a preliminary review of the group’s unaudited management accounts. The…
Read MoreUS dollar’s decline is fuelling dislocations across Asian currencies
[HONG KONG] Asian currencies turbocharged by US dollar weakness are attaining rarely seen superlatives and triggering central bank intervention to curb excessive gains. The Hong Kong Monetary Authority on Friday (May 2) sold a record amount of local dollars to prevent its advance and protect the currency’s 42-year-old peg to the greenback. Taiwan’s central bank…
Read MoreDBS, OCBC, UOB may cut guidance in Q1 as macro uncertainty weighs on outlook: analysts
[SINGAPORE] Singapore banks may cut their earnings guidance for 2025, as uncertainty in the macroeconomic outlook weighs on their growth prospects for the year, analysts said. While the local lenders will likely continue to post resilient results for the first quarter of 2025, analysts noted a lack of clarity ahead. Several downgraded the sector ahead…
Read MoreThe Sweet Way Billie Lourd Is Honoring Late Mom Carrie Fisher for Star Wars Day
Billie Lourd isn’t letting May the Fourth pass her by without giving her mom some love. In celebration of what fans of the sci-fi series deem Star Wars day May 4, Billie honored her late mother Carrie Fisher’s depiction of Princess Leia by having her and husband Austen Rydell’s kids Kingston, 3, Jackson Joane, 2,…
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