Posts by Stephanie Irvin
Hong Kong’s Exchange Fund posts record gain of HK$331 billion
Published Wed, Jan 28, 2026 · 05:36 PM [HONG KONG] Hong Kong’s Exchange Fund reported a record investment gain of HK$331 billion (S$53.5 billion) in 2025, helped by rising global markets. The fund delivered an investment gain of 8 per cent, according to the Hong Kong Monetary Authority (HKMA). Hong Kong stock holdings and overseas…
Read MoreChina’s four-year energy spree has eclipsed entire US power grid
Published Wed, Jan 28, 2026 · 01:02 PM CHINA is undertaking an energy-building boom unlike anything the world has ever seen, as Beijing seeks to ensure supply for power-hungry facilities that are key to dominating emerging industries of the future. The nation added 543 gigawatts of new capacity across all technologies last year, according to…
Read MoreS-Reits set for first DPU recovery in four years: Julius Baer
Singapore’s retail and office sectors are well placed to benefit this year, the analyst says [SINGAPORE] For the first time in four years, Singapore real estate investment trusts (S-Reits) should see distributions per unit (DPU) grow in 2026, said Julius Baer on Tuesday (Jan 27). Analyst Jen-Ai Chua predicted: “Expectations of low interest rates, coupled…
Read MoreAmerican Airlines forecasts upbeat 2026
Published Tue, Jan 27, 2026 · 10:43 PM [WASHINGTON] American Airlines forecast its 2026 profit above Wall Street expectations on Tuesday (Jan 27) even as it flagged a hit of up to US$200 million from a winter storm that has forced thousands of flight cancellations in recent days. The carrier’s outlook reflects a preliminary estimate…
Read MoreIndonesia’s 2025 GDP growth estimated at targeted 5.2%, finance minister says
Published Tue, Jan 27, 2026 · 09:20 PM [JAKARTA] Overall GDP growth in Indonesia is expected to have met the 5.2 per cent target for 2025 despite widespread destruction caused by floods late last year, though growth was estimated to have been quicker in the fourth quarter, the finance minister said on Tuesday (Jan 27).…
Read MoreSingapore Airlines jet suffers damage to tail during aborted landing at Changi Airport
Published Tue, Jan 27, 2026 · 04:21 PM [SINGAPORE] A Singapore Airlines (SIA) jet damaged its tail while landing at Changi Airport on Jan 24, after arriving from Manila amid windy conditions. All 256 passengers and 16 crew members on the Airbus A350-900, flight SQ917, disembarked normally, an SIA spokesperson told The Straits Times on Jan 27. The aircraft had a rejected…
Read MoreChandra Asri gets US$250 million loan to fund equity in Esso deal
The financing underscores how private credit funds and traditional lenders increasingly operate side-by-side in mergers and acquisitions in Asia-Pacific Published Tue, Jan 27, 2026 · 11:11 AM [SINGAPORE] Indonesian energy and chemicals firm Chandra Asri Pacific has secured a US$250 million loan to back its purchase of Esso-branded service stations in Singapore from ExxonMobil, according…
Read MoreNike slashes 775 jobs in US to speed up automation, boost profit
Published Tue, Jan 27, 2026 · 06:44 AM NIKE is laying off 775 employees, a source familiar with the matter told Reuters on Monday, as the sportswear giant looks to boost profits and accelerate its use of automation. The cuts will primarily impact distribution centre roles in Tennessee and Mississippi, where the sneaker giant operates…
Read MoreKeppel Infrastructure Trust secures S$100 million loan facility
[SINGAPORE] The trustee-manager of Keppel Infrastructure Trust (KIT) on Monday (Jan 26) announced that it has obtained a S$100 million loan facility. It has also secured 50 million euros (S$75.3 million) in uncommitted revolving credit and banker’s guarantee facilities. These facilities require KIT’s trustee-manager to remain wholly owned by Keppel Capital and/or Keppel. Under the…
Read MoreCICC rebuilds IPO pipeline to focus on ‘most promising’ deals
Talent retention remains a strategic focus for CICC amid industry-wide competition Published Mon, Jan 26, 2026 · 08:50 PM [BEIJING] China International Capital Corporation (CICC) is rebuilding its pipeline of initial public offerings (IPOs) and conducting thorough due diligence as scrutiny has grown after a boom in Hong Kong share sales. The current deal surge…
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