Posts by Stephanie Irvin
Latest NZ$2.80-per-share offer by CDL unit still ‘too low and inadequate’: M&C New Zealand
[SINGAPORE] The independent directors of Millennium & Copthorne Hotels New Zealand (MCK) do not recommend shareholders of MCK to accept the increase of CDL Hotels Holdings New Zealand’s (CDLHH NZ) offer price to NZ$2.80 per ordinary share. “While the independent directors welcome the increase in the offer, we believe it is still too low and…
Read MoreUS shoppers pay for Trump tariffs on Temu, doubling some prices
Published Mon, Apr 28, 2025 · 04:12 PM [BEIJING] Discount Chinese retail app Temu appears to be passing on nearly all of US President Donald Trump’s new import taxes to US consumers, more than doubling the cost of some products in a move that may add to concern about the inflationary impact of tariffs. Previously…
Read MoreHwa Hong, Wing Tai, Teo family consortium launches bid to take Amara private at S$0.895 a share
[SINGAPORE] Amara on Monday (Apr 28) received a voluntary conditional general offer at S$0.895 per share from a consortium led by property company Hwa Hong, which was formerly listed on the Singapore Exchange. The offer is final and represents a premium of 27 per cent over Amara’s share price of S$0.705 on Apr 23, before…
Read MoreSingapore election 2025: Losing three, four ministers would weaken both the government and Singapore, says PM Wong at the Fullerton rally
[SINGAPORE] Losing three or four ministers would weaken both the government and the country, at an already challenging time, said Prime Minister Lawrence Wong on Monday (Apr 28). A vote for the opposition is not a “free vote for more alternative voices”, but a vote to weaken the People’s Action Party (PAP) team, he said…
Read MoreAirbus to take over Spirit asset as part of Boeing reintegration
[LONDON] Airbus reached a final agreement to take over some assets and sites from Spirit AeroSystems Holdings, clearing the way for the struggling US aerospace supplier to be acquired by its former parent Boeing. The European planemaker will take over a facility in Kinston, North Carolina, for fuselage sections of the Airbus A350 model, as…
Read MoreIf OCBC wants to keep Chulia Street properties, it should partner a property group to redevelop them
IN this column on Mar 31, I advocated that OCBC should sell its Chulia and Church Street properties so that the assets can be redeveloped to create a new prime office project in the heart of the Central Business District. Divesting these buildings will also help create shareholder value. My suggestion that OCBC should consider…
Read MoreThai 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…
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