Posts by Stephanie Irvin
Olam Group to finance business reorganisation with proceeds from sale of remaining Olam Agri stake
[SINGAPORE] Agribusiness giant Olam Group announced plans to finance the reorganisation of its business using divestment proceeds from two sources of funds. One will be sale proceeds from the divestment of assets and businesses in the remaining Olam Group, the company said in a Monday (Apr 14) update, where it provided more details on its…
Read MoreOlam to divest remaining Olam Group assets to fund business reorganisation
[SINGAPORE] Olam Group will divest and monetise all assets and businesses under its remaining Olam Group operating unit over time as part of its business reorganisation plan, it said on Monday (Apr 14). The move is part of its business reorganisation plan and will take place depending on market conditions, and regulatory and shareholder approval,…
Read MoreWise aims for faster, cheaper transactions amid Asia-Pacific expansion
[SINGAPORE] Wise has always focused on building payment infrastructure that makes international transactions cheaper and faster. And co-founder and chief executive officer Kristo Kaarmann believes the fintech company is now winning over more banks as new clients as its technological expertise to enhance cross-border payments has been recognised as a complement to existing banking services.…
Read MoreQueasy investors are calling Trump’s tariff bluff, and it looks like he will eventually fold
[SINGAPORE] As US Treasury bond yields surged last week, forcing US President Donald Trump to pause the crippling “reciprocal” tariffs that had just come into effect, I wondered why on earth he was trying to reset US trade policy in such a callous and destructive manner. It occurred to me that his goal might not…
Read MoreMAS’ private-market proposal for retail investors may boost appeal of semi-liquid funds
[SINGAPORE] The Monetary Authority of Singapore’s (MAS) proposal to let retail investors access private markets could see such investors favour semi-liquid funds that offer periodic redemption opportunities, said experts. These funds are open-ended and provide ongoing access, where investors can stay invested for as long as they choose. These funds are therefore also known as…
Read MoreTrust Checklist: Don’t Miss These Critical Steps
Creating a trust can feel overwhelming, but it doesn’t have to be. With the right steps and information, you can set up a trust that meets your needs and protects your assets. This checklist will help guide you through the process of trust formation, ensuring you don’t overlook any important details. Key Takeaways Understand what…
Read MoreTI and Intel shares sink as China tariffs hit US-made chips
[CHICAGO] Shares of chipmakers with US manufacturing plants fell on Friday (Apr 11) after China announced new tariffs, targeting semiconductor imports. Beijing will raise tariffs on all US goods from 84 per cent to 125 per cent, and the China Semiconductor Industry Association issued an emergency notice, which stated that customs determines the origin of…
Read MoreUS: Wall Street ends whipsaw week higher as Fed comments soothe market
[NEW YORK] Wall Street posted solid gains on Friday (Apr 11) as big banks kicked off first-quarter earnings season and investors closed the book on a turbulent week of wild swings driven by the chaos of US President Donald Trump’s multi-front trade war. All three major US indices ended the session sharply higher after assurances…
Read MoreSingapore shares settle lower on Friday; STI down 1.8%
[SINGAPORE] The Straits Times Index (STI) closed down on Friday (Apr 11), along with most regional indices. The STI closed down 1.8 per cent or 65.3 points at 3,512.53. The trio of local banks lost ground, with DBS coming in as the biggest loser on the STI, settling 3.9 per cent or S$1.54 lower at…
Read MoreQuick Divorce Guide: What You Need to Know
Divorce can feel overwhelming, but it doesn’t have to be a long, drawn-out process. If you’re looking for a quick divorce, there are several options and steps you can take to make it easier. This guide will walk you through the basics of a quick divorce, from understanding your options to preparing for the emotional…
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