Posts by Stephanie Irvin
TPG proposes to privatise Econ Healthcare in S$88 million deal
US private equity firm TPG, through its special purpose vehicle, is looking to take Catalist-listed nursing operator Econ Healthcare (Asia) private by way of a scheme of arrangement, in a near S$88 million deal. Incorporated in the Cayman Islands, the offeror Enabler Bidco is looking to acquire all of the issued shares of Econ Healthcare,…
Read MoreVirgin overtakes Qantas as Australia’s largest domestic airline
VIRGIN Australia overtook Qantas Airways to become Australia’s largest and most reliable airline at the end of last year, sending a warning to the marquee carrier and supporting a potential return to the stock market. Bain Capital-owned Virgin Australia garnered a domestic market share of 35 per cent as at December, surpassing Qantas’ 34.6 per…
Read MoreIndonesia amends mining law to boost access, support processing
Indonesia is a major coal exporter and has rich deposits of tin, copper and bauxite, among other metals INDONESIA’S parliament on Tuesday (Feb 18) passed a bill to revise the country’s mining law, aimed at boosting development of domestic mineral processing industries and regulating mining access for small businesses and religious groups. The amendment seeks…
Read MoreShein executive seeks to reassure investors after Trump crackdown on low-value imports
FAST-FASHION retailer Shein’s executive chairman Donald Tang told investors in a letter on Monday (Feb 17) that “growth remains strong” despite the United States ending the duty-free treatment of low-value e-commerce packages from China and hiking tariffs. Shein is working towards an initial public offering (IPO) in London, but US President Donald Trump’s decision to…
Read MoreShein executive seeks to reassure investors after Trump crackdown on low-value imports
FAST-FASHION retailer Shein’s executive chairman Donald Tang told investors in a letter on Monday (Feb 17) that “growth remains strong” despite the United States ending the duty-free treatment of low-value e-commerce packages from China and hiking tariffs. Shein is working towards an initial public offering (IPO) in London, but US President Donald Trump’s decision to…
Read MoreBHP sees recovery in steel and copper demand, logs lowest profit in six years
BHP sees signs of economic recovery in China and central bank rate cuts reviving demand for steel and copper but flagged risks to global growth from potential trade tensions, as it logged its lowest first-half profit in six years. The world’s largest listed miner on Tuesday (Feb 18) reported an underlying attributable profit of US$5.08…
Read MoreSouth Korea aims to secure 10,000 GPUs for national AI computing centre
SOUTH Korea on Monday (Feb 17) announced plans to secure 10,000 high-performance graphics processing units (GPUs) within this year in a bid to keep pace as the global artificial intelligence (AI) race escalates. “As competition for dominance in the AI industry intensifies, the competitive landscape is shifting from battles between companies to a full-scale rivalry…
Read MoreOil rises as drone strikes Caspian pump station, while Russia-Ukraine peace talks loom
OIL prices strengthened on Monday (Feb 17) as an attack on an oil pipeline pumping station in the Caspian Sea slowed flows from Kazakhstan, while investors monitored developments of a possible Moscow-Kiev ceasefire agreement that could ease sanctions and increase global supplies. The US dollar index, which hovered near a two-month low after weaker-than-expected US…
Read MoreOiltek applies to transfer listing to SGX mainboard
The company says the shift could result in better liquidity and improved share performance VEGETABLE and edible oil engineering process company Oiltek International has applied to move its listing from the Singapore Exchange (SGX) Catalist board to the mainboard. In a bourse filing on Monday (Feb 17), the company said that the move would enhance…
Read MoreTikTok grabs US market share from Shein despite looming risks
TIKTOK Shop, the Bytedance-owned social media giant’s e-commerce feature, saw its sales outdo competition in the US just before President Donald Trump’s disruptive trade actions. The popular video app, which brought in-app shopping to its millions of American users in 2023, continued to surpass Shein and PDD Holdings’ Temu in January, according to Bloomberg Second…
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