Posts by Stephanie Irvin
ST Engineering unit to issue US$750 million 4.25% notes due 2030
They will be issued under the company’s S$5 billion global medium-term note programme [SINGAPORE] A wholly owned subsidiary of Singapore Technologies Engineering (ST Engineering) has priced US$750 million in five-year notes with a 4.25 per cent fixed-rate coupon. The notes are expected to be issued on May 8, and will mature on May 8, 2030,…
Read MoreMalaysia’s Petronas and Commonwealth LNG in talks for term supply
Petronas is in talks to buy at least one million metric tons per annum (mtpa) of LNG from Commonwealth LNG Published Tue, Apr 29, 2025 · 09:56 PM [KUALA LUMPUR] Malaysian state-owned oil and gas firm Petroliam Nasional, or Petronas, is in talks with Commonwealth LNG to buy liquefied natural gas from the US company’s…
Read MoreStarhill Global Reit Q3 NPI inches up 0.5% to S$37.9 million
THE manager of Starhill Global real estate investment trust (Reit) posted a net property income (NPI) of S$37.9 million for Q3 FY2025 ended Mar 31, up 0.5 per cent from S$37.7 million in the previous corresponding period. The slight increase in NPI was mainly driven by appreciation of the Malaysian ringgit against the Singapore dollar…
Read MoreHong Leong Finance sees over 300% growth in EV loans
[SINGAPORE] Hong Leong Finance (HLF) announced that it has seen a more than 300 per cent increase in electric vehicle (EV) loans, from S$73 million in 2023 to S$314 million in 2024. Besides EV loans, HLF also saw a more than 300 per cent increase in vehicle loans processed digitally, from S$99 million in 2023…
Read MoreUPS profit beats estimates, to cut 20,000 jobs on economic worries
The parcel giant is not providing any updates to its full-year outlook due to the economic uncertainty Published Tue, Apr 29, 2025 · 06:51 PM [LOS ANGELES] United Parcel Service reported a better-than-expected profit for its first quarter on Tuesday (Apr 29) and said it will cut 20,000 jobs to control costs against a tough…
Read MoreSingapore stocks end lower; STI down 0.2%
[SINGAPORE] Stocks on the local bourse closed slightly lower on Tuesday (Apr 29) after US President Donald Trump’s administration said it will move to reduce the impact of his automotive tariffs. The benchmark Straits Times Index (STI) ended 0.2 per cent or 6.6 points lower at 3,805.18. Across the broader market, gainers outnumbered losers 259…
Read MoreTemasek’s Gabriel Lim to lead Seviora Holdings as CEO
[SINGAPORE] Temasek Holdings’ head of corporate strategy Gabriel Lim will exit his post to lead the Temasek-owned asset management group Seviora Holdings, the group announced in a statement on Tuesday (Apr 29). Lim will join the group on May 1 as designated chief executive officer, and will also be appointed to the board. He will…
Read MorePorsche’s Q1 profit margin plunges on China weakness, US tariffs
Published Tue, Apr 29, 2025 · 03:24 PM [FRANKFURT] Luxury sports carmaker Porsche on Tuesday (Apr 29) said its operating margin fell to 8.6 per cent in the first quarter, below analyst estimates, hit by weaker demand in China as well as US import tariffs. “The macroeconomic situation will remain challenging. We can’t completely escape…
Read MoreCarlsberg maintains full-year outlook, warns of volatile consumer sentiment
Carlsberg expects between 1% and 5% growth in organic operating profit for the current year Published Tue, Apr 29, 2025 · 02:52 PM [COPENHAGEN/LONDON] Danish brewer Carlsberg on Tuesday (Apr 29) reported first-quarter sales slightly below expectations and kept its outlook for the full year unchanged despite warning of volatile consumer sentiment. “It was a…
Read MoreBusiness Structure Showdown: LLC vs. Going Solo
When starting a business, one of the first big decisions you’ll face is choosing the right business entity. Should you go solo as a sole proprietor or form a Limited Liability Company (LLC)? Each option has its own set of pros and cons that can impact your liability, taxes, and overall growth. In this article,…
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