Posts by Stephanie Irvin
Trump nominates former Fed official Kevin Warsh to succeed Jerome Powell as Fed chair
Move signals a potential pivot towards lower rates as US president puts his stamp on American economy Published Fri, Jan 30, 2026 · 08:03 PM — Updated Fri, Jan 30, 2026 · 09:09 PM [WASHINGTON] US President Donald Trump on Friday (Jan 30) chose former Federal Reserve governor Kevin Warsh to head the US central…
Read MoreSouth-east Asia seeks data centre investments – but must reckon with their thirst
With rapid data centre growth straining the region’s water supply, the race is on for alternative water sources and cooling technologies. [SINGAPORE] Soaring AI demand has brought hefty data centre investments to Johor – yet the Malaysian state’s local government recently narrowed this project pipeline. In November, it halted approvals for Tier 1 and 2…
Read MoreRaffles Education unit’s land in China to be acquired by government for urban planning
The group says it cannot currently assess the impact of the proposed repossession [SINGAPORE] Raffles Education on Thursday (Jan 29) announced that land in China owned by its subsidiary will be acquired by the Chinese government to make way for urban planning. In a bourse filing, Raffles Education said the subsidiary, Langfang Hezhong Education Consulting,…
Read MoreSGX broadens adoption of broker custody accounts
Currently, SGX-listed securities in two-thirds of retail accounts are held directly with CDP [SINGAPORE] Moves are afoot to get more Singapore investors to adopt broker custody accounts and align the Republic with practices in markets such as Australia, the United Kingdom, Hong Kong and the United States. The Singapore Exchange Regulation (SGX Regco) is consulting…
Read MorePetronas to beef up exploration and production in next three years
This includes maintaining domestic output at close to two million barrels of oil equivalent a day between 2026 and 2028 Published Thu, Jan 29, 2026 · 09:56 PM [KUALA LUMPUR] Malaysia’s state energy firm Petronas said on Thursday (Jan 29) it will ramp up exploration and production for the next three years to strengthen domestic…
Read MoreGuocoLand H1 net profit rises 14% to S$85.4 million despite lower revenue
[SINGAPORE] Property developer GuocoLand on Thursday (Jan 29) posted a net profit of S$85.4 million for the six months ended Dec 31, 2025, up 14 per cent from the S$74.6 milllion booked for the previous corresponding period. This translated to earnings per share (EPS) of S$0.0708 for H1 FY2026, versus EPS of S$0.0588 in H1…
Read MoreSingapore, Asia markets steady after Fed pause and MAS hold; spotlight turns to earnings
Investor attention is shifting towards fundamentals and AI-linked growth themes in the region [SINGAPORE] Market reactions in Asia were broadly muted on Thursday (Jan 29) after the US Federal Reserve opted to leave interest rates unchanged during its first policy gathering of the year on Wednesday. This marks an expected pause to the Fed’s rate-cutting…
Read MoreSony, Singapore’s GIC to invest US$2 billion in music catalogues
The joint venture will give the Japanese entertainment company funds to build up its portfolio of songs Published Thu, Jan 29, 2026 · 08:39 AM [LOS ANGELES] Sony Group and Singapore’s GIC sovereign wealth fund are forming a joint venture to acquire music copyrights, with plans to invest US$2 billion to US$3 billion in the…
Read MoreS&P 500 crosses 7,000 ahead of Fed decision, Big Tech earnings
Published Wed, Jan 28, 2026 · 10:49 PM [NEW YORK] The S&P 500 opened at 7,000 mark on Wednesday (Jan 28), while the Nasdaq inched towards a record high, fuelled by a gain in chip stocks and as investors geared up for a Federal Reserve rate decision as well as a slew of Big Tech…
Read MoreMapletree Industrial Trust Q3 DPU falls 7% to S$0.0317
The manager remains committed to its divestment target of S$500 million to S$600 million in North America [SINGAPORE] Mapletree Industrial Trust (MIT) posted a distribution per unit (DPU) of S$0.0317 in the third quarter ended Dec 31. This was 7 per cent lower than the DPU of S$0.0341 in the corresponding year-ago period. In a bourse…
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