Posts by Stephanie Irvin
Meta appoints new Singapore country director Nicole Tan
She will spearhead digital innovation and AI opportunities for businesses in the country [SINGAPORE] Meta has appointed Nicole Tan as its new country director for Singapore, with effect from Jun 2, 2025, the company said on Tuesday (Apr 22). Tan has more than 25 years of experience in the industry. She will focus on accelerating…
Read MoreJPMorgan to expand San Francisco office in boost to downtown
[SAN JOSE] JPMorgan Chase is expanding its San Francisco office and committing its marquee healthcare conference to the city for another year, offering a boost to Mayor Daniel Lurie’s effort to revitalise the downtown. The bank plans to increase the leased space at its main San Francisco office by roughly 30 per cent to 280,000…
Read MoreESR-Reit Q1 NPI up 31.3% at S$82.5 million on acquisitions, asset enhancements
[SINGAPORE] The manager of ESR-Reit on Tuesday (Apr 22) posted a 31.3 per cent rise in net property income (NPI) for the first quarter to S$82.5 million from S$62.9 million in the previous corresponding period. Its Q1 revenue climbed 24.2 per cent to S$110.5 million from S$89 million previously. The growth in NPI and revenue…
Read MoreStocks to watch: FCT, Parkway Life Reit, KIT, ESR Reit, Nanofilm, Paragon Reit
[SINGAPORE] The following companies saw new developments that may affect trading of its securities on Tuesday (Apr 22). Frasers Centrepoint Trust (FCT): The trust’s manager on Monday said that its preferential offering was 24.8 per cent oversubscribed. The manager received applications for 122,584,803 preferential offering units, against the 98,185,673 units offered. The offering was launched…
Read MoreUnilever threatens to pull funding from the Ben & Jerry’s Foundation: sources
Published Tue, Apr 22, 2025 · 07:32 AM [NEW YORK] Unilever is threatening to halt funding to the Ben & Jerry’s Foundation, a US-based non-profit that makes donations to social justice organisations, sources familiar with the matter said. Unilever is asking Ben & Jerry’s Foundation to agree to an expedited audit of its donations to…
Read MoreOil falls over 2% on signs of progress in US-Iran talks, demand fears
[NEW YORK] Oil prices fell more than 2 per cent on Monday (Apr 21) on signs of progress in talks between the US and Iran, while investors remained concerned about economic headwinds from tariffs that could curb demand for fuel. Brent crude futures were down US$1.70, or 2.5 per cent, at US$66.26 a barrel, after…
Read MoreEmployee Benefits: The New Deal Breakers
In today’s job market, employee benefits packages are more than just perks—they’re deal breakers. Workers are increasingly prioritizing what companies offer in terms of health insurance, retirement plans, flexible work arrangements, and mental health support. If employers want to attract and keep top talent, understanding these needs is crucial. Let’s break down what employees are…
Read MoreGreenback slides as Fed independence under threat from Trump
[SINGAPORE] The US dollar tumbled on Monday (Apr 21) as investor confidence in the US economy took another hit over President Donald Trump’s plans to shake up the Federal Reserve, which would throw into question the independence of the central bank. White House economic adviser Kevin Hassett said on Friday that the president and his…
Read MoreSias urges Sin Heng Heavy Machinery shareholders to reject Tal United’s offer, citing 41% discount to NAV
[SINGAPORE] The bid from Tal United to acquire Sin Heng Heavy Machinery at S$0.58 a share mid-last month has been described as a “lowball offer” by the Securities Investors Association (Singapore), which has advised shareholders to reject the offer. This is on the grounds that Sias’ appointed independent financial adviser (IFA) has assessed the offer…
Read MoreVietnam central bank preparing restructuring plan for troubled lender SCB
Published Mon, Apr 21, 2025 · 03:11 PM [HANOI] Vietnam’s central bank is drafting a plan to restructure the troubled Saigon Joint Stock Commercial Bank (SCB), the lender at the centre of the country’s biggest financial fraud on record, local media reported. The plan, which was developed by investors, is awaiting suggestions from relevant bodies…
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