Posts by Stephanie Irvin
Sony, Singapore’s GIC to invest US$2 billion in music catalogues
The joint venture will give the Japanese entertainment company funds to build up its portfolio of songs Published Thu, Jan 29, 2026 · 08:39 AM [LOS ANGELES] Sony Group and Singapore’s GIC sovereign wealth fund are forming a joint venture to acquire music copyrights, with plans to invest US$2 billion to US$3 billion in the…
Read MoreS&P 500 crosses 7,000 ahead of Fed decision, Big Tech earnings
Published Wed, Jan 28, 2026 · 10:49 PM [NEW YORK] The S&P 500 opened at 7,000 mark on Wednesday (Jan 28), while the Nasdaq inched towards a record high, fuelled by a gain in chip stocks and as investors geared up for a Federal Reserve rate decision as well as a slew of Big Tech…
Read MoreMapletree Industrial Trust Q3 DPU falls 7% to S$0.0317
The manager remains committed to its divestment target of S$500 million to S$600 million in North America [SINGAPORE] Mapletree Industrial Trust (MIT) posted a distribution per unit (DPU) of S$0.0317 in the third quarter ended Dec 31. This was 7 per cent lower than the DPU of S$0.0341 in the corresponding year-ago period. In a bourse…
Read MoreHong 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…
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