Posts by Stephanie Irvin
Singapore shares climb on Friday; STI gains 0.2%
Singtel is one of the most traded counters after announcing it had sold part of its stake in Bharti Airtel [SINGAPORE] Local stocks rose on Friday (May 16), a day after the Monetary Authority of Singapore and Singapore Exchange Regulation announced they were seeking feedback on proposed changes to the Singapore bourse. The stock exchange’s…
Read MoreIndonesia’s wealth fund in talks to aid flagship airline Garuda
[JAKARTA] Garuda is in talks with Indonesia’s sovereign wealth fund Danantara about an injection of capital, people familiar with the matter said, as the nation’s flagship airline struggles to right its finances. The talks are preliminary and could change, and details regarding the size of the funds transfer are still being worked out, the people…
Read MoreForeigners revisit Indonesia stocks on easing economic concerns
Published Fri, May 16, 2025 · 01:41 PM [JAKARTA] Indonesian stocks are poised for their first monthly inflow since September as subsiding economic concerns and attractive banking shares lure investors. The country’s equity market posted US$83.8 million in net foreign inflows as at May 15 after seven straight months of outflows. That comes as the…
Read MoreLNG traders look to increase exports to Malaysia, Indonesia
Traders are looking to capitalise on the strong domestic growth in the two emerging nations Published Fri, May 16, 2025 · 12:38 PM [SINGAPORE] Liquefied natural gas (LNG) traders are looking to sell more of the fuel to traditional exporters in South-east Asia that are being forced to turn to imports to meet surging energy…
Read MoreMalaysia committed to 2025 petrol subsidy cut but no fixed date
[KUALA LUMPUR] Malaysia is committed to reducing petrol subsidies in the second half of the year and is refining its plan as US tariffs darken the economic outlook. The government “will continue to assess inputs and feedback in refining details” of its fuel subsidy revamp as it actively engages with a wide range of stakeholders,…
Read MoreOng Beng Seng’s HPL jumps almost 10% in heavy trading; company says it’s not aware of reason for spike
[SINGAPORE] Shares of Hotel Properties Ltd (HPL) jumped almost 10 per cent in active trading on Friday morning (May 16), prompting queries from Singapore Exchange Regulation (SGX RegCo). At about 11.30 am, the counter was up 9.2 per cent at S$4.72 with over 350,000 shares traded, an unusual volume for the tightly held property and…
Read MoreMeta asks judge to rule that FTC failed to prove its monopoly case
FACEBOOK parent company Meta Platforms asked a federal judge on Thursday to throw out the US Federal Trade Commission’s case accusing it of an illegal social media monopoly, saying the agency failed to prove its case at a high-stakes antitrust trial. At the trial, which began on April 14 in Washington, the FTC has sought to show…
Read MoreHarvey Norman operator Ossia surges over 40% following privatisation offer from controlling shareholders
The offerors say the company faces a challenging environment in Singapore and abroad [SINGAPORE] Shares of Ossia jumped more than 40 per cent on Friday (May 16), after group executive chairman George Goh Ching Wah, chief executive Goh Ching Huat and non-executive director Goh Ching Lai made an unconditional offer on Thursday to take the…
Read MoreAustralia: Shares hit over two-month high, RBA rate decision in focus
AUSTRALIAN shares jumped to an over two-month high on Friday, led by gains in banks and miners, ahead of the Reserve Bank of Australia’s (RBA) policy decision next week, where the central bank is widely expected to cut interest rates. The S&P/ASX 200 index rose as much as 1.2 per cent to 8,398.2, its highest…
Read MoreStocks to watch: SIA, MIT, Sats, NetLink NBN Trust, Japfa, Amara, LHN
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 16). Singapore Airlines (SIA): The company posted a 65 per cent rise in net profit to S$2 billion for the second half of FY2025 ended March, boosted by the non-cash accounting gain from the Air India-Vistara merger. That…
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