Posts by Stephanie Irvin
China’s answer to World Bank plans to open Singapore, HK offices
[BEIJING] The Asian Infrastructure Investment Bank is looking to open new offices in Hong Kong and Singapore, according to people familiar with the matter, in a plan that would mark its biggest expansion since beginning operations in Beijing almost a decade ago. The multilateral lender, which had more than US$57 billion in assets at the…
Read MoreNissan plans one trillion yen funding with backing from UK government
[TOKYO] Nissan Motor, facing a huge loan repayment wall next year, is seeking to raise more than one trillion yen (S$8.9 billion) from debt and asset sales to keep operations on track, according to documents seen by Bloomberg News. The struggling Japanese automaker plans to issue as much as 630 billion yen in convertible securities…
Read MoreStarship megarocket blows up over Indian Ocean in latest bumpy test
[SOUTH PADRE ISLAND, United States] SpaceX’s prototype Starship exploded over the Indian Ocean on Tuesday, capping another bumpy test flight for the rocket central to billionaire Elon Musk’s dream of colonising Mars. The biggest and most powerful launch vehicle ever built lifted off around 6.36 pm (2336 GMT) from the company’s Starbase facility, near a…
Read MoreCapitaLand Ascendas Reit to buy Tai Seng data centre, Science Park building for S$700.2 million
[SINGAPORE] CapitaLand Ascendas Real Estate Investment Trust (Clar) has entered conditional agreements to acquire two prime properties to expand its portfolio in Singapore, particularly in the technology sector, the manager said on Wednesday (May 28). The two properties are a Tier III colocation data centre at 9 Tai Seng Drive and a premium business space…
Read MoreSalesforce to buy Informatica for US$8 billion to bolster AI data tools
[NEW YORK] Salesforce said on Tuesday (May 27) it would buy Informatica for about US$8 billion, betting on the data management platform to sharpen its competitive edge in the booming artificial intelligence (AI) market. The cloud software giant is returning to big-ticket M&A after years on the sidelines, driven by scrutiny from activist investors pressing…
Read MoreUS solar makers see tariff loophole for Asian competitors
Companies including Hanwha Q Cells and First Solar have blamed a surge of discounted imports from South-east Asia for making it difficult to build and sell equipment domestically Published Wed, May 28, 2025 · 07:50 AM [SAN FRANCISCO] US solar manufacturers are asking the US International Trade Commission to quickly address a potential tariff loophole…
Read MoreTSMC to open chip design centre in Munich, could later support AI development
[AMSTERDAM] Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, said on Tuesday (May 27) it will open a design centre in Munich, Germany, which could at a later date help develop chips via leading manufacturing processes for applications such as artificial intelligence (AI). President of TSMC Europe, Paul de Bot, said at the…
Read MoreEurope: Shares gain on defence boost, tariff delay aids sentiment
EUROPEAN shares closed higher on Tuesday with defence stocks boosting the market after US President Donald Trump threatened additional sanctions on Russia, while optimism lingered from the delay of US tariffs on the European Union. The Stoxx 600 index closed 0.33 per cent higher at 552.32, building on Monday’s 1 per cent rise after Trump gave the EU…
Read MoreMAS proposes to remove some exemptions from advertisement regulations to better protect consumers
[SINGAPORE] The Monetary Authority of Singapore (MAS) is proposing to amend financial advertisement requirements in a bid to boost protection for consumers. MAS currently requires financial institutions (FIs) to ensure that advertisements are fair and balanced, and not false and misleading. Product advertisements are to also be clear and legible. But FIs are exempted from…
Read MoreIndependent financial adviser deems Amara’s takeover offer at S$0.895 a share ‘fair and reasonable’
[SINGAPORE] The independent financial adviser (IFA) appointed for the takeover bid for hotel group Amara has deemed the offer at S$0.895 a share to be “fair and reasonable”. It has therefore advised the company’s directors considered to be independent to recommend shareholders to accept the offer, said the company on Tuesday (May 27) via a…
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