Posts by Stephanie Irvin
Flynas’ US$1.1 billion Saudi Arabia IPO sells out in minutes
Published Mon, May 12, 2025 · 06:44 PM [DUBAI] Saudi Arabia’s Flynas had demand for all the shares on offer in its US$1.1 billion initial public offering minutes after books opened, indicating continued demand for listings in the kingdom despite market volatility. The low-cost carrier and some of its shareholders are selling a 30 per…
Read MoreECB to cut by more as inflation undershoots 2%
[FRANKFURT] The European Central Bank will lower borrowing costs more than previously expected this year to below 2 per cent as inflation is seen undershooting the institution’s target in early 2026, according to economists surveyed by Bloomberg. After seven quarter-point reductions so far, additional cuts are likely in June and September, a monthly poll showed.…
Read MoreSingapore’s sovereign wealth investors GIC, Temasek find adaptation potential
THE likelihood and extent of climate-related losses and damage have increased, with global warming likely to breach the 1.5-degrees Celsius threshold and possibly even 2 deg C. Higher climate risks could induce greater spending on climate adaptation, especially as the impact of climate change intensifies. Surely there’s money to be made there. Singapore’s sovereign wealth…
Read MoreSoftBank seen booking modest fourth-quarter loss as Vision Fund suffers
[TOKYO] Japanese technology investor SoftBank Group is expected to book a quarterly net loss of 26.9 billion yen (S$239.4 million) on Tuesday (May 13) as early-stage tech startups fell out of favour and losses widened at major portfolio firms. The forecast downgrades are seen by analysts as being partially offset by a stronger yen and…
Read MoreHigh interest rates, volatile stock markets could prime private credit to outshine private equity again
[SINGAPORE] Funds that invest in private credit globally may be poised to beat those for private equity (PE) again this year. That is especially if interest rates remain high while exit opportunities in stock markets are stymied by volatility. An Apr 29 report by index provider MSCI shows that private credit funds generated 6.9 per…
Read MoreMainboard-hopeful Oiltek gets slick with innovation, internationalisation
[SINGAPORE] An invention every 180 days has kept Oiltek International in the black, its order book stacked and its share price buoyant since it listed on the Catalist board three years ago. The secret to its stellar run? Drilling down on the basics of innovation, internationalisation and diversification, said its executive director and chief executive…
Read MoreSBS Transit to develop intelligent braking system for buses
[SINGAPORE] SBS Transit buses may soon be equipped with intelligent braking systems designed to reduce the sharp jolts that current emergency brakes may cause, the public transport company said in on Sunday (May 11). Known as the responsive and adaptive braking system (RABS), the system enables emergency brakes to decelerate more gradually and with greater…
Read MoreUS dollar at a crossroads
THE US dollar has come under significant pressure in 2025, reversing the strength seen in the fourth quarter of 2024. The US Dollar Index (DXY), which tracks the value of the greenback against a basket of six major currencies, hit a peak of 110 in January this year. Since then, the index has been on…
Read MoreCATL to bar some American funds from world’s biggest listing of 2025
CONTEMPORARY Amperex Technology (CATL), the world’s largest maker of batteries for electric vehicles (EVs), is planning to limit the types of US investors that can participate in its Hong Kong listing, an indication that US-China tensions may be spilling into the initial public offering (IPO) market. The Chinese company decided to switch the share sale…
Read MoreLyon Investments ups offer price for Sinarmas Land and extends closing date
[SINGAPORE] Lyon Investments has raised the offer price for Sinarmas Land shares to S$0.375 a share from S$0.31 a share, in an announcement on Saturday (May 10). The closing date has been extended to 5.30 pm on May 29. The revised offer price represents an increase of 21 per cent or S$0.065 over the initial…
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