Posts by Stephanie Irvin
Temasek-backed Cuscaden to privatise Paragon Reit at S$0.98 per unit
TIMES Properties, a wholly owned subsidiary of Cuscaden Peak Investments, is looking to take Paragon Real Estate Investment Trust (Reit) private by way of a trust scheme of arrangement, for S$0.98 per unit. The offeror is looking to acquire all units in Paragon Reit held by unitholders, other than Cuscaden Peak and its subsidiaries. Cuscaden…
Read MoreChinese investors drive Hong Kong rally with HK$150 billion inflow
CHINESE investors are helping to drive a bull run in Hong Kong shares, ploughing almost HK$150 billion (S$26 billion) into the financial hub this year, more than seven times the amount they added during the same period in 2024. That’s despite an earlier Chinese New Year holiday reducing the number of trading days this year.…
Read MoreChina’s 10% tariffs on US cars hits GM, Ford and Mercedes SUVs
CHINA’S 10 per cent additional tariff on vehicles with larger engines imported from the US took effect on Monday (Feb 10) as the two countries failed to reach a deal over the Trump administration’s blanket levy on Chinese goods. The extra tariff went into effect on Monday against goods including vehicles with engines larger than…
Read MoreMillennial Workplace Demands Reshaping America
Millennials are shaking things up in the workplace, and it’s hard not to notice. They’re not just clocking in for a paycheck; they’re demanding more from their employers. Flexibility, purpose, and a balance between work and life are at the top of their list. This shift is causing companies to rethink how they operate, especially…
Read MoreUS: Wall St kicks off week higher as Trump’s tariffs lift steelmakers
Wall Street’s main indexes opened higher on Monday (Feb 10), recovering from last week’s declines, as steelmakers surged after US President Donald Trump said he would impose additional tariffs on steel and aluminium imports. The Dow Jones Industrial Average rose 93.5 points, or 0.21 per cent, at the open to 44,396.92. The S&P 500 rose…
Read MoreGuocoLand H1 profit up 13 per cent to S$74.6 million
PROPERTY developer GuocoLand reported a net profit of S$74.6 million for the first half ended Dec 31, 2024, up 13 per cent year on year from S$66.2 million. Earnings per share for the half-year period rose to S$0.0588, from S$0.0513 previously. Revenue dipped 5 per cent to about S$1 billion, from about S$1.1 billion in…
Read MoreInnovation Centres in Singapore are Doing Many Interesting Things
The ‘super serum’ by Procter & Gamble is just one success story to come out of its innovation centre in Biopolis. In the first of an occasional series, The Business Times has a closer look at the innovation scene in Singapore. AFTER Procter & Gamble (P&G) launched the Olay Super Serum in the United States in…
Read MoreExpect growth opportunities from more regional trade amid US tariffs: DBS
EVEN though the Trump administration may cause global volatility, DBS expects to gain from more intra-regional trade as a result of US tariffs, said deputy chief executive and CEO designate Tan Su Shan. The lender will also focus on trade opportunities between Asean and North Asia and Europe, given that there are more multinational corporations…
Read MoreTSMC January sales growth slows after DeepSeek roils market
TSMC’s outlook is overshadowed by US President Donald Trump’s threats to slap tariffs on semiconductor imports TAIWAN Semiconductor Manufacturing Company’s (TSMC) sales growth decelerated from the December quarter as Nvidia’s main chipmaker grapples with industry-wide questions surrounding artificial intelligence (AI) spending. Revenue in January grew 36 per cent to NT$293.3 billion (S$12 billion), compared to…
Read MoreChina bubble tea maker Guming raises US$232 million in IPO, term sheet shows
CHINESE bubble tea firm Guming has raised US$232 million in a Hong Kong initial public offering (IPO) after setting the price of its shares at the top of an indicated range, according to a term sheet. The pricing was at the top of the HK$8.68 to HK$9.94 per share range flagged to investors when the…
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