Posts by Stephanie Irvin
First meeting with CDL’s Kwek Leng Beng felt like a job interview, says Catherine Wu
DR CATHERINE WU, who came under the spotlight in the saga involving City Developments Limited (CDL), chatted with Taiwanese TV host Paul Lee on an episode of his talk show Da-win Dining aired in November 2024. In the TV interview, Dr Wu, who was born in Taiwan, revealed that she is the only daughter in…
Read MoreDigging into the Kwek family tree behind CDL and other Hong Leong companies
AS THE boardroom tussle at CDL hots up, pitting executive chairman Kwek Leng Beng against his son and CEO Sherman Kwek and other board members, The Business Times takes a look at how family ties and business interests are inextricably linked. At the first generation level, there is Kwek Hong Png who established the Hong…
Read MoreCRM Wars: Mobile Apps Change the Game
Mobile CRM apps are changing the way businesses interact with customers. They’re not just fancy tools; they’re reshaping how companies manage relationships on the go. Imagine having all your customer info right in your pocket, ready whenever you need it. That’s the magic of mobile CRM. It’s like having a personal assistant who’s always on…
Read MoreUS: Wall St opens subdued after in-line inflation data
WALL Street’s main indexes had a subdued start on Friday (Feb 28) after data showed inflation rose as expected in January, while concerns that US President Donald Trump’s policies could further fuel price pressures kept investors cautious. The Dow Jones Industrial Average rose 20.3 points, or 0.05 per cent, at the open to 43,259.84. The…
Read MoreMalaysia’s palm oil giant FGV expects higher profit margins in 2025
MALAYSIAN palm oil planter FGV Holdings said on Friday (Feb 28) it expected higher profit margins in 2025, boosted by improved productivity from its estates and elevated palm prices in the first half of the year. Palm prices are expected to average between RM4,300 (S$1,299.58) and RM4,600 a tonne in the first half of 2025…
Read MoreTemasek-backed companies should not face obligation to list in Singapore: Chee Hong Tat
COMPANIES should not be obliged to list on the Singapore Exchange (SGX), said Second Minister for Finance Chee Hong Tat on Friday (Feb 28), in response to Workers’ Party Member of Parliament Louis Chua’s proposal to encourage Temasek-backed companies to do so. Chua had asked how the Monetary Authority of Singapore (MAS) plans to utilise…
Read MoreSingapore stocks fall as trade tariff concerns re-emerge overnight; STI down 0.7%
SINGAPORE stocks fell in tandem with other regional markets on Friday (Feb 28) as investors reassessed the potential impact of tariffs imposed by US President Donald Trump. The Straits Times Index (STI) fell 0.7 per cent or 25.49 points to 3,895.70. Across the broader market, losers beat gainers 379 to 226 after 2.1 billion securities…
Read MoreGenting Bhd, Genting Malaysia take big tumble after news of CEO change; Genting Singapore edges marginally lower
GENTING Bhd and Genting Malaysia shares plunged shortly after the market opened on Friday (Feb 28), after news broke on Thursday that Lim Kok Thay will step down as chief executive of Malaysia’s Genting after nearly two decades at the helm. Both entities also reported a net loss in their latest earnings announced on the…
Read MoreIHH Healthcare ‘On Track’ For Double-Digit ROE
INTEGRATED healthcare operator IHH Healthcare is “on track for double-digit return on equity (ROE)” in the coming years, said its management on Friday (Feb 28). While the group did not give a concrete timeline for achieving this goal, it has “set itself up for going towards double-digit ROE in 2025 as well”, said group chief…
Read MoreJD.com’s food delivery foray unnerves investors as shares lag
INVESTORS in shares of JD.com face a gut check in next week’s earnings report from the online retailer as it girds for battle in the food-delivery space currently dominated by Meituan. JD.com officially launched its JD Takeaway platform earlier this month, while a number of its Chinese tech peers were garnering attention with artificial intelligence…
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