Posts by Stephanie Irvin
Macquarie, HSBC to start talks to join Australia Post pact
Australia Post has one of the largest retail networks nationally and runs more than 4,000 post offices A TRIO of major lenders may join a banking service run by Australia’s post offices as part of a government push to mitigate branch closures across the country. ANZ Group Holdings agreed to participate in Australia Post’s Bank@Post…
Read MoreLendlease Global Commercial Reit appoints Guy Alexander Cawthra as CEO
LENDLEASE Global Commercial Real Estate Investment Trust (LReit) has appointed Guy Alexander Cawthra as its new chief executive, effective Apr 1. He replaces Kelvin Chow, who has resigned “to pursue other opportunities”. Chow is the Reit’s first and only chief executive thus far, since the Reit was listed in 2019. On Tuesday (Feb 11), LReit…
Read MoreTemasek-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…
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