Posts by Stephanie Irvin
CapitaLand 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…
Read MoreElon Musk’s XAI Holdings is in discussions to raise US$20 billion
[GERMANY] Elon Musk’s XAI Holdings is in talks with investors to raise roughly US$20 billion in funding for his newly combined artificial intelligence (AI) startup and social media business, according to people familiar with the matter. If completed, the prospective deal would be the second-largest startup funding round of all time, according to data provider…
Read MoreOnline Divorce: What They Don’t Tell You
Thinking about an online divorce? It might sound simple and cost-effective, but there are a lot of hidden pitfalls you should be aware of. This article dives into the risks, emotional hurdles, and legal complexities that come with online divorce services. Before you hit that ‘submit’ button on your divorce filing, let’s unpack what you…
Read MoreNissan to end vehicle production at Wuhan plant-Yomiuri
Published Sat, Apr 26, 2025 · 12:08 PM [TOKYO] Nissan Motor will end vehicle production at its Wuhan plant in China during the current business year which ends Mar 31, 2026, the Yomiuri newspaper reported citing sources it did not identify. The decision comes after the operation rate at the 300,000 vehicle capacity plant, which…
Read MoreNASA administrator was once arrested, accused of passing bad checks to casinos
[NEW YORK] President Donald Trump’s nominee for Nasa administrator, Jared Isaacman, was arrested on fraud charges in 2010 and faced lawsuits in two states for writing US$2 million in bad checks to casinos, according to government records and court filings. Isaacman is a billionaire pilot and astronaut who founded the Shift4 Payments company as a…
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