Posts by Stephanie Irvin
Trump administration to rescind and replace Biden-era global AI chip export curbs
US PRESIDENT Donald Trump’s administration plans to rescind and modify a Biden-era rule that curbed the export of sophisticated artificial-intelligence chips, a spokeswoman for the Department of Commerce said on Wednesday. The regulation was aimed at further restricting AI chip and technology exports, dividing up the world to keep advanced computing power in the United…
Read MoreOil settles lower as hopes dim for US-China trade and supply worries ease
[NEW YORK] Oil prices fell by more than US$1 a barrel on Wednesday as investors doubted that upcoming US-China trade talks will result in a breakthrough, while hopes for an Iran-US nuclear deal eased supply worries. Brent crude futures settled US$1.03, or 1.66 per cent, lower at US$61.12 a barrel while US West Texas Intermediate crude lost…
Read MoreIsetan Tampines to shutter in Nov 2025
[SINGAPORE] Department store operator Isetan Singapore will close its outlet at Tampines Mall in November 2025, it announced on Tuesday (May 6). Speaking to The Straits Times, a company spokesperson said that the decision was made as its lease was coming to an end. The department store has been an anchor tenant in Tampines Mall…
Read MoreLendlease Global Commercial Reit posts 10.4% retail rental reversion for Q3 FY2025
[SINGAPORE] Lendlease Global Commercial Real Estate Investment Trust (LReit) on Wednesday (May 7) posted a positive retail rental reversion of 10.4 per cent for the third quarter ended Mar 31, 2025, despite a “softer” retail landscape. The performance came even as it recorded a 0.2 per cent decline in visitation and a 5.1 per cent…
Read MoreGrab looks to strike a deal to acquire Indonesia’s GoTo in Q2: sources
[SINGAPORE,HONG KONG] US-listed ride-hailing and food delivery firm Grab is looking to strike a deal to take over smaller Indonesian rival GoTo in the second quarter, two sources with knowledge of the matter said. Singapore-headquartered Grab has hired advisors to work on the proposed deal, the two sources added. The deal is subject to terms…
Read MoreEU considers tariffs on Boeing jets
Published Wed, May 7, 2025 · 07:05 PM [FRANKFURT] The European Union intends to propose tariffs on Boeing jets, as it prepares to retaliate further if trade talks with Washington fail, the Financial Times reported on Wednesday (May 7). The European Commission, which oversees EU trade policy, plans to include civilian aircraft on a list…
Read MoreAmara appoints W Capital Markets as IFA for offer from Hwa Hong-led consortium
[SINGAPORE] Hotel group Amara on Wednesday (May 7) said it has appointed W Capital Markets as its independent financial adviser as it considers a voluntary conditional general offer from a consortium led by property company Hwa Hong. The IFA will advise Amara’s directors who are considered independent for the offer. The adviser’s opinion and the…
Read MoreElectronic Health Records: The Digital Switch
Switching to electronic health records (EHR) can feel like a huge leap for many healthcare practices. It’s not just about going digital; it’s about changing the entire way you handle patient information. Many practices that made the switch years ago can tell you it was a tough transition, but they also recognize the benefits that…
Read MoreEx-Pavilion Energy chief Alan Heng to lead Singapore’s new central gas entity
[SINGAPORE] Singapore has established a new government-owned entity to centralise natural gas procurement, and appointed Alan Heng, who previously led gas trader Pavilion Energy, as its chief executive. The formation of the entity, called Singapore GasCo, is a “major milestone” in Singapore’s transition towards green energy, the Energy Market Authority (EMA) said in a statement…
Read MoreTemu, Shein see US sales drop in week after tariff price hikes
[NEW YORK] Shein Group and Temu saw double-digit sales declines in the week after they raised retail prices to cover the costs of increased US tariffs, an initial sign that US President Donald Trump’s punitive trade measures have taken a toll on the shopping platforms’ popularity. Shein posted a 23 per cent drop in observed…
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