Posts by Stephanie Irvin
MPACT Q3 DPU falls 9.1% to S$0.02 amid global headwinds – The Business Times
MAPLETREE Pan Asia Commercial Trust’s (MPACT) distribution per unit (DPU) fell 9.1 per cent to S$0.02 for its third quarter ended Dec 31, 2024, from S$0.022 in the year-ago period. Revenue was down 7.4 per cent at S$223.7 million for the quarter, from S$241.6 million in the prior corresponding period. This was due to the…
Read MoreAI spending is set to grow in 2025: report – The Business Times
ARTIFICIAL intelligence (AI) adoption is set to rise as most companies expect to ramp up spending on the technology in their next fiscal year, a report by the Deloitte AI Institute has found. The State of Generative AI in the Enterprise report stated that 78 per cent of respondents said their companies expect to boost…
Read MoreAsian oil refiners mull run cuts, closures as crude costs soar – The Business Times
A SURGE in the cost of physical crude cargoes as China and India rush to replace Russian flows is prompting refiners in other parts of Asia to consider cutting run rates, according to traders. Oman crude and Abu Dhabi’s Murban, the most-referenced Middle Eastern grades, have jumped over the past week, showing how the impact…
Read MoreSembcorp launches short-term mobile solar farm at PSA’s Keppel Terminal – The Business Times
For three years, the renewable energy generated from the farm will be channelled to the national grid A new 18 megawatt-peak ground-mount solar farm located at PSA Singapore’s Keppel Terminal has commenced operations, Sembcorp Industries said on Thursday (Jan 23). The solar farm is a joint project between Sembcorp Solar, a wholly owned subsidiary of…
Read MoreShareholders of Australian apparel retailers Myer, Premier approve merger – The Business Times
SHAREHOLDERS of Australian apparel retail firms Myer and Premier Investments approved on Thursday the merger of the latter’s apparel brands with Myer, in a deal valued at A$864 million (S$734.7 million). More than 96 per cent of votes cast by Myer shareholders favoured the combination, while over 99 per cent of votes approved the merger…
Read MoreBain matches CC Capital’s offer for Australia’s Insignia Financial at A$3.07 billion – The Business Times
INSIGNIA Financial’s shares hit a three-year high on Thursday (Jan 23), driven by a revised takeover offer of A$3.07 billion (S$2.6 billion) from US-based Bain Capital, matching the bid of rival CC Capital Partners and fuelling a heated bidding war. Insignia Financial had previously rebuffed an approach from private equity firm Bain Capital in late…
Read MoreAsia hedge funds post biggest annual returns since the pandemic – The Business Times
ASIA hedge funds rebounded in 2024, with many posting double-digit gains as China stocks recovered, Japan’s equity rally hit new heights and some managers reached further afield for profitable trades. Equity funds managed by Aspex Management (HK), Panview Capital and CloudAlpha Capital Management were among those that returned more than 35 per cent in 2024,…
Read MoreKKR combines US$157 billion infrastructure, real estate businesses – The Business Times
KKR is moving its infrastructure and real estate assets under the same leadership as it looks to capitalise on converging opportunities between the rapidly expanding investing units. Raj Agrawal will become global head of real assets, adding day-to-day supervision of the real estate business to his current responsibilities as global head of infrastructure, according to…
Read MoreUS: Wall St opens higher after Netflix results, Trump’s AI investment plans – The Business Times
Wall Street’s main indexes opened higher on Wednesday (Jan 22), with the benchmark S&P 500 just shy of a record high, as investors cheered streaming giant Netflix’s strong quarterly performance and President Donald Trump’s multi-billion dollar support to bolster AI infrastructure. The Dow Jones Industrial Average rose 152.3 points, or 0.35 per cent, at the…
Read MoreMichael Scott’s Leadership Tips: What ‘The Office’ Got Right
Michael Scott, the quirky boss from “The Office,” often found himself in awkward situations. Yet, beneath his blunders, there are some surprising leadership gems. While his methods were unconventional, Michael’s way of managing the Scranton branch of Dunder Mifflin offers lessons that go beyond the laughs. Let’s dive into what Michael Scott’s leadership style can…
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