Posts by Stephanie Irvin
Trump wants Apple to stop moving iPhone production to India
The US president’s comments throw a wrench into Apple’s plan to import most of the iPhones it sells in the US from India by the end of next year Published Thu, May 15, 2025 · 04:17 PM [DOHA] US President Donald Trump said he has asked Apple’s Tim Cook to stop building plants in India,…
Read MoreShein lowers prices to lure back US shoppers after tariff cut
Levies have only been lowered for 90 days, and are still higher than before Trump retook office Published Thu, May 15, 2025 · 02:22 PM [NEW YORK] Shein Group lowered US retail prices this week after the Trump administration temporarily cut duties on Chinese imports, as the online fashion retailer moves to win back consumers…
Read MoreGeely profits surge on record sales as reshuffle underway
[HONG KONG] Geely Automobile Holdings, the Hong Kong-listed unit of billionaire Li Shufu’s sprawling auto empire, said that first-quarter profit surged as sales climbed and it continued on a cost-cutting drive to stay on top of China’s ultra-competitive car market. Net income more than tripled to 5.67 billion yuan (S$1 billion) in the three months…
Read MoreOliver Healthcare Packaging opens largest regional plant in Johor-Singapore SEZ
[ISKANDAR PUTERI] United States-based medical packaging company Oliver Healthcare Packaging on Thursday (May 15) opened a 120,000 square foot (sq ft) manufacturing facility within the Johor-Singapore Special Economic Zone in Malaysia. The facility, its largest plant in the region, will produce medical-grade packaging such as pouches, lids and roll stock, the group said in a…
Read MoreFrasers Hospitality Trust’s stapled securities open 1.5% higher after privatisation proposal
[SINGAPORE] Stapled security prices of Frasers Hospitality Trust (FHT) opened 1.5 per cent higher at S$0.695, a day after Frasers Property proposed to privatise the trust at S$0.71 per stapled security. However, as at Thursday (May 15) noon, stapled securities of FHT were up 0.7 per cent or S$0.005 at S$0.69. The offer marks the…
Read MoreChina’s investors signal trade truce is no panacea for markets
[SINGAPORE] The trade truce is not enough to ignite a rush into Chinese financial assets amid expectations of reduced policy stimulus and lingering uncertainty on a final deal. While Chinese stocks have rallied following the agreement, recouping their losses since the Apr 2 volley of tariff announcements, global investors appear to be staying on the…
Read MoreBumitama Agri Q1 profit rises 51% to 495.6 billion rupiah
Higher commodity prices and rising production drive revenue up 19% at 4.6 trillion rupiah [SINGAPORE] Bumitama Agri posted on Thursday (May 15) a 51 per cent rise in net profit to 495.6 billion rupiah (S$38.9 million) for the first quarter of 2025, from 328.4 billion rupiah in the previous corresponding period. Revenue for the quarter…
Read MoreBumitama Agri Q1 profit rises 51% to 495.9 billion rupiah
[SINGAPORE] Bumitama Agri posted on Thursday (May 15) a 51 per cent rise in net profit to 495.9 billion rupiah (S$38.9 million) for the first quarter of 2025, from 328.4 billion rupiah in the previous corresponding period. Revenue for the quarter rose 18.6 per cent year on year to reach 4.6 trillion rupiah, from 3.9…
Read MoreRich Japanese still fear a yen crash, UBS wealth manager says
[NEW YORK] Speculators and much of the investing world have turned optimistic on the yen as Trump’s trade war keeps markets on edge. But there’s one key holdout that is not ready for bullishness: Japan’s richest citizens, worried about the economic outlook, according to a global wealth manager. That’s in part because the country’s most…
Read MoreAI chipmaker AMD unveils US$6 billion buyback plan
[BENGALURU] Advanced Micro Devices (AMD) on Wednesday (May 14) announced a new US$6 billion stock buyback plan, joining a string of chipmakers that are looking to reduce their float as the artificial intelligence (AI) trade that has powered their shares shows some signs of slowing. Shares of the Santa Clara, California-based company rose as much…
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