Posts by Stephanie Irvin
Mainboard-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…
Read MoreIndustrial S-Reits report NPI growth, but managers are cautious on outlook
SINGAPORE real estate investment trusts (S-Reits) with exposure to the industrial sub-segment have mostly reported growth in net property income (NPI) in the quarter ended March. The resilient operating performance comes as industrial S-Reits report stable occupancies and positive rental reversions in the most recent quarter. However, the Reit managers are more cautious on the…
Read MoreEurope: Stoxx 600 up, Germany’s DAX at record peak on trade deal optimism
EUROPEAN shares extended gains on Friday, with Germany’s DAX index closing at an all-time high, as signs of easing global trade war relieved investors as they looked ahead to discussions between the US and China over the weekend. The pan-European Stoxx 600 index ended 0.44 per cent higher at 537.96. Frankfurt’s DAX index climbed 0.6 per cent…
Read MoreNippon Steel expects profit to drop 43% this year, US steel decision by early June
[TOKYO] Nippon Steel expects net profit to slide 43 per cent in the fiscal year ending March 2026, it said on Friday (May 9), citing a weak global steel market pressured by China’s exports and the impact of new US tariffs. Japan’s biggest steelmaker also said it expects a US decision on whether to approve…
Read MoreUMS Integration Q1 earnings nearly flat at S$9.8 million
[SINGAPORE] Semiconductor player UMS Integration on Friday (May 9) reported profit of S$9.8 million for the first quarter ended Mar 31, 2025, almost unchanged from the group’s profit in the corresponding year-ago period. This translates to earnings per share of S$0.0138, down from S$0.0141 a year earlier. The group declared an interim dividend of…
Read MoreSingapore stocks rise on US-UK trade deal; STI up 0.7%
[SINGAPORE] Local stocks ended higher on Friday (May 9), as investors reacted positively to news of the US striking a trade deal with the UK – the first after President Donald Trump announced sweeping tariffs worldwide. The benchmark Straits Times Index (STI) rose 0.7 per cent or 27.94 points to 3,876.16. Across the broader market,…
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