Posts by Stephanie Irvin
Philippine peso may test record low as central bank cuts rates – The Business Times
THE Philippine peso is veering towards an all-time low as the nation’s central bank plans to cut interest rates further in the face of slowing economic growth. Goldman Sachs, Barclays and Fitch Solutions see the peso testing 60 per US dollar mark by mid-year, while DBS Group Holdings predicts a fall to 60.8. The currency…
Read MoreTrump discussing TikTok purchase with multiple people, decision in 30 days – The Business Times
US President Donald Trump said on Saturday (Jan 25) that he was in talks with multiple people over buying TikTok and would likely have a decision on the popular app’s future in the next 30 days. “I have spoken to many people about TikTok and there is great interest in TikTok,” Trump told reporters on…
Read MoreCDLHT posts 11.9% fall in H2 DPS to S$0.0281 – The Business Times
THE managers of CDL Hospitality Trusts (CDLHT) on Monday (Jan 27) posted a distribution per stapled security (DPS) of S$0.0281 for the second half ended December, down 11.9 per cent from S$0.0319 in the previous corresponding period. This brings total DPS for FY2024 to S$0.0532, down 6.7 per cent on the year. The distribution…
Read MoreReferee kayu? Like in football, focus in the market should be on the ‘play’, not the refereeing – The Business Times
I DON’T know how many of you are football fans, but many games are played over the Christmas and New Year period. Every morning when I try to check the scores, I am struck by how every single headline is about the referee – whether a penalty should have been awarded, or whether a…
Read MoreChina boosts index investments in latest bid to revive market – The Business Times
China announced new measures to promote the development of index investment products, its latest effort to shore up the ailing equity market as it embraces a turbulent external economic environment. The government aims to achieve a significant increase in the scale and proportion of index investment in the capital market through efforts over a period…
Read MoreIndustrial S-Reits’ operating performance remain resilient, with positive rental reversions in 2024 – The Business Times
Singapore real estate investment trusts (S-Reits) with industrial assets have delivered a resilient performance with continued positive rental reversions, as managers stay active in their lease and asset management. Of the seven actively traded industrial S-Reits, four announced their earnings in the past week – and all have reported positive rental reversions for their portfolios…
Read MoreWorkplace Fraud: Hidden Signs Your Employee Is Stealing
Employee theft can sneak up on you when you least expect it. It’s a tough pill to swallow, but sometimes the folks you trust at work might be dipping into the till or sneaking out merchandise. Knowing what to look for can save your business from taking a big hit. From changes in behavior to…
Read MoreStarbucks CEO made US$96 million in first four months on the job – The Business Times
Starbucks paid new chief executive officer Brian Niccol about US$96 million for four months of work last year, one of the biggest compensation packages in corporate America. About 94 per cent of Niccol’s pay came from stock awards, according to a filing. Niccol, who joined Starbucks in early September, also got a US$5 million bonus…
Read MoreUS: Stocks retreat, cutting into weekly gains – The Business Times
Wall Street stocks concluded a winning week on a tepid note on Friday (Jan 24), retreating following mixed earnings in a move attributed to profit taking. After a flattish open, all three major indices moved into negative territory – a trend that held the rest of the session. “This is normal consolidation or profit taking…
Read MoreMeta to spend up to US$65 billion this year to power AI goals, Zuckerberg says – The Business Times
META Platforms plans to spend between US$60 billion and US$65 billion this year to build out AI infrastructure, CEO Mark Zuckerberg said on Friday (Jan 24), joining a wave of Big Tech firms unveiling hefty investments to capitalise on the technology. As part of the investment, Meta will build a more than two-gigawatt data centre…
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