Posts by Riah Marton
Parkway Life Reit Q1 DPU up 1.3% at S$0.0384 on nursing home acquisitions
[SINGAPORE] Parkway Life Reit has raised its first-quarter distribution per unit (DPU) by 1.3 per cent to S$0.0384 from S$0.0379 in the previous corresponding period. Distributable income stood at S$25 million, up 9.1 per cent from S$22.9 million. Revenue climbed 7.3 per cent to around S$39 million, boosting net property income by 7.5 per cent…
Read MoreChinese tea chain’s US IPO bolsters outlook for handful of listing candidates
[NEW YORK] Chinese tea chain Chagee Holdings managed what in April 2025 seems like an impossible feat: not only did it pull off a successful US initial public offering (IPO) in the middle of a tariff war, its shares are trading above its offering price. Its playbook offers a few rays of hope for firms…
Read MoreUS: S&P 500 ends down 2.4% after Trump slams Fed chief again
Published Tue, Apr 22, 2025 · 06:04 AM [NEW YORK] Wall Street stocks finished sharply lower on Monday (Apr 21) after a fresh attack on Federal Reserve chair Jerome Powell by President Trump sparked another round of selling in US assets. All three major equity indices finished down by around 2.5 per cent while the…
Read MoreLeong: What did we learn from federal leaders’ debates? Not much
Breadcrumb Trail Links Federal Election Opinion Columnists Politicians’ penchant for theatre over meaningful talk didn’t start with election debates Published Apr 21, 2025 • Last updated 15 hours ago • 3 minute read You can save this article by registering for free here. Or sign-in if you have an account. Left to right, Conservative Leader Pierre…
Read MoreSingapore stocks rise on Monday as STI extends rally
[SINGAPORE] The Straits Times Index (STI) continued to rally on Monday (Apr 21) as Asian indices closed mixed amid traders tracking the tariff talks. The STI closed up 1.1 per cent or 38.89 points at 3,759.22. Across the broader market, advancers outnumbered decliners 263 to 151, after 618.8 million shares worth S$1 billion changed hands.…
Read MoreHuawei readies new AI chip for mass shipment as China seeks Nvidia alternatives: sources
[SINGAPORE/BEIJING] Huawei Technologies plans to begin mass shipments of its advanced 910C artificial intelligence chip to Chinese customers as early as next month, two people familiar with the matter said. Some shipments have already been made, they added. The timing is fortuitous for Chinese AI companies which have been left scrambling for domestic alternatives to…
Read MoreAt Shanghai auto show, EV makers to grapple with autonomous-tech crackdown, launch Tesla ‘killers’
[SHANGHAI] More than 70 Chinese and international automotive brands will showcase more than 100 new or refreshed models at the Shanghai auto show this week, intensifying already cutthroat competition in the world’s premier market for electric vehicles (EVs) and hybrids. Top-selling Chinese brands such as BYD and Geely are expected to take centrestage at the…
Read MoreAnother China shadow bank seeks state help as trust sector reels
China’s state-owned AVIC Trust is seeking assistance from two of its peers after delaying payments on some of its investment products, a sign of worsening problems in the country’s US$3.7 trillion trust industry. The closely held trust company said in a statement late on Friday (Apr 18) that it has entered into a service agreement…
Read MoreStagecoach 2025: How to Watch the Festival Live
Saddle up for music. After all, the 2025 Stagecoach Festival is kicking off on April 25, with some of country music’s biggest acts hitting the stage for a three-day concert. Just like its sister festival Coachella, this year’s extravaganza will also be held at the Empire Polo Club fields in Indio, Calif. But you don’t…
Read MoreTycoon Ong Beng Seng should sell his Hotel Properties Limited stake
[SINGAPORE] Since news broke in mid-July 2023 of the Corrupt Practices Investigation Bureau’s questioning of Ong Beng Seng regarding his dealings with former transport minister S Iswaran, Ong has tenaciously held on as managing director of Hotel Properties Limited (HPL). However, Ong, who is HPL’s co-founder and a member of its board of directors since…
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