Posts by Stephanie Irvin
China’s BYD to complete US$1 billion Indonesia plant by year-end: executive – The Business Times
CHINA’S top electric vehicle maker BYD aims to complete its US$1 billion plant in Indonesia at the end of 2025, the head of its local unit said on Monday (Jan 20). The long-term plan for the plant is for the export market, said Eagle Zhao, its president director in Indonesia. “Every single progression of our…
Read MoreVietnam plans tax breaks, fee cuts to lure overseas investors – The Business Times
VIETNAM’S authorities are planning a series of reforms to lure more overseas investors to the stock market in an effort to ensure South-east Asia’s fastest-growing economy has enough capital inflows. Measures being considered include tax breaks and fee incentives for fund management companies to encourage overseas investors to play a greater role in the market,…
Read MoreIndonesia opens domestic carbon market to global investors – The Business Times
INDONESIA’S domestic carbon exchange opened trading to foreign participants as the nation aims to restore its position as a major hub for offsets and attract more investment for local climate action. IDXCarbon, operated by the Indonesian stock exchange, began offering domestic credits from five energy generation projects owned by state-owned utility PT Perusahaan Listrik Negara.…
Read MoreMiranda Rights: What TV Cops Get Wrong
We’ve all seen it on TV: a cop slaps on the cuffs, and before you know it, they’re reciting the Miranda rights like they’re reading a grocery list. But in real life, it’s not always so cut and dry. The Miranda warning is a crucial part of the legal process, aimed at protecting individuals from…
Read MoreMarine stocks are booming; analysts predict further growth on growing demand – The Business Times
MARINE stocks listed on the Singapore Exchange have been booming over the past year – and even beyond – and analysts are optimistic on continued growth for this sector. Yangzijiang Shipbuilding had a nearly 80 per cent increase in its share price over the past year, while Marco Polo Marine was up by more than…
Read MoreYZJ, Seatrium stocks ride wave of upcycle orders; smooth sailing ahead seen for marine sector – The Business Times
MARINE stocks listed on the Singapore Exchange have been booming over the past year, and analysts are optimistic on continued growth for this sector. Yangzijiang Shipbuilding had a nearly 80 per cent increase in its share price over the past year, while Marco Polo Marine was up by more than 12 per cent. Seatrium jumped…
Read MoreSingapore shares open Monday lower ahead of Trump inauguration; STI down 0.3% – The Business Times
SINGAPORE shares began Monday (Jan 20) trading in negative territory while markets abroad finished higher ahead of Trump’s inauguration. As at 9.02 am, the Straits Times Index (STI) was down 0.3 per cent or 10.81 points at 3,799.97. Across the broader market, gainers outnumbered losers 67 to 48 after 25.4 million securities worth S$58.5 million…
Read MoreCDL’s Kiwi unit makes NZ$2.25-a-share offer to delist M&C New Zealand – The Business Times
CITY Developments Ltd’s (CDL) wholly owned subsidiary intends to purchase all the fully paid ordinary shares in hotel company Millennium & Copthorne Hotels New Zealand (MCK) that it does not already own, at NZ$2.25 a share. The maximum aggregate cash consideration payable by CDL Hotels Holdings New Zealand (CDLHH NZ) is NZ$57.3 million (S$43.7 million).…
Read MoreAustralia’s Star Entertainment reports second-quarter loss – The Business Times
AUSTRALIA’S troubled casino operator Star Entertainment reported a second-quarter loss on Monday, adding to the rising uncertainty about its future revamp and earnings turnaround. For the three months ended December, Star logged a loss before interest, tax, depreciation and amortisation of A$8 million (excluding significant items) (S$6.8 million). REUTERS Share with us your feedback on…
Read MoreContrarian bet emerges that next Fed move is higher, not lower – The Business Times
IT’S at best, a longshot, but one that’s emerged among a group of die-hard bond traders – that the US Federal Reserve’s next move on interest rates will be up, not down. The wager, which arose after a blowout jobs report on Jan 10, stands in stark contrast to the consensus on Wall Street for…
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