Posts by Stephanie Irvin
Thai bonds see rush of inflows on rate-cut bets, gold prices
[BANGKOK] Thailand’s bond market is on course for its best monthly inflows in more than three years, helped by interest-rate-cut bets and a stronger baht due to surging gold prices. Global funds have poured about US$2 billion into the local debt so far this month, the highest since February 2022, according to data from the…
Read MoreCapitaLand Ascott Trust gross profit rises 4% in Q1
[SINGAPORE] CapitaLand Ascott Trust’s (Clas) managers said on Monday (Apr 28) that the trust’s gross profit rose 4 per cent year on year in the first quarter of 2025. Gross profits from new properties in the quarter had replaced the gross profit lost from divestments in 2024, the managers said, driven by stronger performance from…
Read MoreST Engineering wins new contracts worth S$4.4 billion in Q1 2025
[SINGAPORE] ST Engineering bagged new contracts worth about S$4.4 billion in the first quarter of 2025. In a statement on Monday (Apr 28), the company said commercial aerospace accounted for about S$1.3 billion of the new jobs, defence and public security S$2.7 billion and the rest came from the urban solutions and satcom segment. The…
Read MoreChina’s Huawei develops new AI chip, seeking to match Nvidia: WSJ
The Chinese company hopes that the latest iteration of its Ascend AI processors will be more powerful than Nvidia’s H100 Published Mon, Apr 28, 2025 · 08:25 AM [BENGALURU] China’s Huawei Technologies is preparing to test its newest and most powerful artificial intelligence (AI) processor, hoping to replace some higher-end products of US chip giant…
Read MoreCapitaLand Investment looks to expand in US, Europe while navigating market uncertainty
[SINGAPORE] CapitaLand Investment (CLI) seeks to grow its presence in the United States and Europe which are mature markets with deep pools of capital. In an interview with The Business Times, group chief executive officer Lee Chee Koon said: “The private markets are… a lot more mature than what we have in Asia-Pacific, and we…
Read MoreOCBC-GEH saga: Could the insurer’s suspension be resolved through a selective capital reduction?
At OCBC’s annual general meeting on Apr 17, chairman Andrew Lee left no doubt that the banking group has been unmoved by calls for it to distribute its stake in Great Eastern Holdings (GEH) to its shareholders. “(We) are not blinking,” he said, after reiterating OCBC’s longstanding position that its insurance unit is a significant…
Read MoreChina says CK Hutchison’s ports deal must not try to avoid antitrust review
[BEIJING] China’s top market regulator said on Sunday (Apr 27) that it was paying close attention to CK Hutchison’s planned sale of most of its ports operations to a BlackRock-led consortium and parties to the deal should not try to avoid an antitrust review. The sale by the Hong Kong conglomerate, which contains two ports…
Read MoreYangzijiang Financial exploring possibility to spin off maritime investment business
[SINGAPORE] Yangzijiang Financial Holding is exploring the possibility of spinning off its maritime investments segment into a newly incorporated company to be listed separately on the mainboard of the Singapore Exchange. The group said on Sunday (Apr 27) that the proposed transaction would involve transferring its maritime investment assets into a new entity (spin-off group)…
Read MoreCapitaLand Investment’s launch of new C-Reit comes as it takes long-term view of China business
[SINGAPORE] CapitaLand Investment (CLI) holds a long-term view of its business in China where it has built a strong foundation as part of the CapitaLand Group for over 30 years, said CLI’s group chief executive officer Lee Chee Koon. Earlier this month, CLI announced it will launch its first real estate investment trust (Reit) in…
Read MoreS-Reits rebound from early April sell-off
[SINGAPORE] Real estate investment trusts in Singapore (S-Reits) have rebounded strongly over the past two weeks, in line with the broader recovery in the Singapore market following the sell-off in early April. As at Thursday’s (Apr 24) close, the iEdge S-Reit index has climbed 5.9 per cent since Apr 11, with all 30 constituents ending…
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