Posts by Mark Darwin
Thai banking system has large excess liquidity: central bank
THAILAND’S banking system has large excess liquidity and the central bank has not tightened its lending supervision, an assistant governor said on Monday (Nov 25), reflecting banks’ reluctance to lend. Banks’ lending decisions will depend on debtors’ ability to repay debts, Sakkapop Panyanukul said in an article published on the Bank of Thailand’s website. The…
Read MoreHSBC sustainability chief leaves after executive committee role dropped
HSBC’s chief sustainability officer, Celine Herweijer, has stepped down, the bank said on Monday (Nov 25), weeks after a management reshuffle removed her role from the lender’s executive committee. Herweijer will leave to pursue new opportunities, the bank said, having played a pivotal role in shaping its climate policy. Her role was cut from the…
Read MoreEurope: STOXX 600 hits two-week high
Europe’s main stock index opened at a two-week high on Monday (Nov 25), boosted by US President-elect Donald Trump’s Treasury Secretary nomination and upbeat comments by the European Central Bank’s chief economist on monetary policy easing. The pan-European STOXX 600 was up 0.5 per cent as of 0810 GMT, led by basic resources and personal…
Read MoreSingapore Gulf Bank to raise funds, buy stablecoin payments firm
SINGAPORE Gulf Bank is seeking to raise at least US$50 million in a funding round and plans to acquire a stablecoin payments company next year, according to people with direct knowledge of the matter. The startup bank, established by Singapore family office Whampoa Group and licenced in Bahrain since February, is in talks with a…
Read MoreMr DIY Indonesian business plans IPO to raise up to 4.7 trillion rupiah
THE Indonesian sister company of Mr DIY Group (M) Bhd will list shares in Jakarta through an initial public offering (IPO) that seeks to raise as much as 4.7 trillion rupiah (S$400 million), in what would be the nation’s biggest listing in more than a year. PT Daya Intiguna Yasa, the Indonesian affiliate of the…
Read MoreApple chief returns to China as Beijing prepares to fete CEOs
APPLE chief executive officer Tim Cook is visiting China for at least the third time this year, showing up at a suppliers’ conference on the same day a top Beijing official convened an important meeting with a group of foreign CEOs. Chinese Premier Li Qiang is expected to meet with top corporate executives on Monday…
Read MoreCLI to rebalance portfolio, grow India and South-east Asia businesses
CAPITALAND Investment (CLI) will rebalance its portfolio to grow its India and South-east Asia business and optimise its China holdings, as it seeks further “geographical diversification” for growth. The group also plans to “leverage M&A to grow in our focus markets of Japan, Korea and Australia, and look to ex-Asia developed markets such as the…
Read MoreSingapore shares rise at Monday’s open; STI up 0.5%
SINGAPORE stocks began trading higher on Monday (Nov 25) after global equities took a positive turn at the end of last week. As at 9.00 am, the Straits Times Index (STI) climbed 17.61 points or 0.5 per cent to 3,763.63. Across the broader market, gainers outnumbered decliners 73 to 24, after 35.6 million securities worth…
Read MoreStocks to watch: CDL, Paragon Reit
THE following companies saw new developments that may affect trading of their securities on Monday (Nov 25): City Developments Limited (CDL): The property giant and its joint venture associates posted S$611.1 million in sales for the third quarter ended Sep 30, 2024, with 321 units sold, up from S$325 million and 183 units sold in…
Read MoreUSDJPY eyes 38-year high as bullish trend resumes
THE USDJPY pair has been on a strong uptrend since early 2021, when it traded at 102.6, driven by sustained yen weakness and dollar strength. This prolonged bullish momentum saw the pair rise to a multi-decade high of 161.945 on Jul 3, 2024, its highest level since December 1986. At its peak, the USDJPY had…
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