Posts by Stephanie Irvin
Ex-Goldman banker leads China’s push to revive Hong Kong finance
[HONG KONG] The crowd was taken aback as China’s point person for financial matters in Hong Kong laid out plans to re-energise the city’s markets. Qi Bin’s proposals on topics including corporate governance were not shocking on their face, but the regulators and other policymakers gathered at the Grand Hyatt ballroom in January had rarely…
Read MoreWalmart shoppers to face price hikes as Trump tariffs hit
WALMART, the world’s largest retailer, will have to start raising prices later this month due to the high cost of tariffs, executives said on Thursday, in a clear signal that US President Donald Trump’s trade war is filtering through to the American economy. As a bellwether of US consumer health, Walmart‘s explicit statement is also a…
Read MoreJapfa expected to delist on Jun 10 as court sanctions scheme of arrangement
Last day of trading of its shares will be on May 16; trading in the counter will be suspended from 9 am on May 19 [SINGAPORE] Agri-food company Japfa is expected to delist from the mainboard of the Singapore Exchange on Jun 10, after the court on Thursday (May 15) sanctioned the scheme of arrangement…
Read MoreLHN net profit for H1 rises 8.8% to S$14.1 million
[SINGAPORE] LHN’s net profit for the first half ended March 31 rose 8.8 per cent to S$14.1 million from S$13 million in the year ago period. The real estate management services group’s revenue increased 29.4 per cent to S$70.6 million in H1, from S$54.5 million the year before. The increase was primarily attributed to revenue…
Read MoreOssia controlling shareholders offer S$0.16 a share to take it private
[SINGAPORE] The controlling shareholders of Ossia International – group executive chairman Goh Ching Wah, chief executive Goh Ching Huat, and non-executive director Goh Ching Lai – have made an unconditional offer on Thursday (May 15) to take the lifestyle products retailer and distributor private at S$0.16 a share. The joint offerors are brothers; and collectively,…
Read MoreNetLink NBN Trust’s net profit slips 6.9% to S$46.9 million for H2 FY2025
[SINGAPORE] Internet service provider NetLink NBN Trust posted a 6.9 per cent decrease in net profit to S$46.9 million for the second half ended Mar 31, 2025. NetLink’s earnings were impacted by higher depreciation and amortisation, lower income tax credit and higher finance costs, it said in a regulatory filing on Thursday (May 15). Revenue…
Read MoreSingapore biotech firm Mirxes launches IPO in Hong Kong to raise HK$1 billion
[SINGAPORE] Singapore biotech start-up Mirxes launched its initial public offering (IPO) in Hong Kong on Thursday (May 15) as it seeks to raise HK$1.09 billion (S$181 million) to further grow the business. The cancer diagnostics company, which once applied to list on the Singapore Exchange (SGX), is offering 46.62 million shares at HK$23.30 each. Some…
Read MoreIEA predicts slower oil demand growth for the rest of 2025
[LONDON] The International Energy Agency (IEA) said on Thursday (May 15) that economic headwinds combined with record sales of electric vehicles will slow global oil demand growth for the remainder of 2025, as supply is set to jump from planned Opec+ output hikes. Lower oil prices stemming from trade tensions and rising output are impacting…
Read MoreSingtel’s new 5G+ Priority plans are key for its premium customer push
[SINGAPORE] Premium customers remain top of mind for Singtel with new 5G+ Priority plans. The new plans promising faster streaming speeds and priority access to the network were launched on Thursday (May 15). They offer customers four times faster speeds and ultra-low latency, which translates to smoother streaming speeds, ultra-responsive gaming and uninterrupted video…
Read MoreShein to set up huge Vietnam warehouse in US tariff hedge: sources
[HANOI, SHANGHAI] Fast-fashion online retailer Shein is leasing a huge warehouse in Vietnam, two people familiar with the deal told Reuters, its first in the country, in a move that could reduce its exposure to unpredictable US-China trade tensions. Shein, which was founded in China and sells products including US$5 bike shorts and US$18 sundresses,…
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