Posts by Stephanie Irvin
SingPost’s fired CEO Vincent Phang resigns from board
Phang is one of three senior management staff terminated over a whistle-blower’s report related to SingPost’s international e-commerce logistics parcels business THE former group chief executive of Singapore Post (SingPost), Vincent Phang, has resigned from his role as a non-executive, non-independent director with effect from Sunday (Dec 12), the mainboard-listed group announced on Monday. This…
Read MorePropertyGuru CEO Hari Krishnan steps down
PROPERTYGURU’s chief executive and managing director Hari Krishnan will be stepping down as CEO of the group, after a decade in this role. In a statement on Monday (Jan 13), Krishnan said he has decided that “the time is right to pursue new interests and for the company to transition to new leadership”. Lewis Ng…
Read MoreGoldman strategists see tumbling China stocks rising 20% in 2025
GOLDMAN Sachs strategists are sticking to their bullish stance on Chinese stocks despite an ongoing rout, predicting that benchmarks will rise about 20 per cent by year-end. Strategists led by Kinger Lau remain overweight on both onshore and offshore Chinese shares as the risk-reward ratio is still favourable, according to a note dated on (Jan…
Read MoreProspects for South-east Asia telcos may soften in 2025, but non-core operations could be monetised
Maybank analysts predict 3% year-on-year rise in sector’s mobile and fixed revenue, down from 4% in 2024 SOUTH-EAST Asian telcos have outperformed their global counterparts in 2024, but their prospects are likely to soften in 2025. Still, telcos in certain markets, such as Singapore, Indonesia and the Philippines, could yet outperform as they monetise…
Read MoreAsean telcos face softer 2025 outlook, but asset sales offer silver lining
Maybank analysts predict 3% year-on-year rise in sector’s mobile and fixed revenue, down from 4% in 2024 SOUTH-EAST Asian telcos have outperformed their global counterparts in 2024, but their prospects are likely to soften in 2025. Still, telcos in certain markets, such as Singapore, Indonesia and the Philippines, could yet outperform as they monetise…
Read MoreSingPost should have disclosed internal wrongdoing once the facts had been established
Sias should call on Singtel to review the performance of SingPost’s board, and encourage more investors to attend the mail carrier’s next AGM When Singapore Post (SingPost) said on the evening of Dec 22 that it had sacked three top executives for mishandling internal investigations sparked by whistleblowing reports, I wondered if the story would…
Read MoreiFast mulls more banking licences in the EU, Singapore amid global push
The company’s banking business is a key part of its three-year plan, which includes reaching a target of assets under administration of S$100 billion by 2028 to 2030 WHEN iFast bought a bank in the UK in 2022, it had ambitions to build a “truly global business model” that serves customers from around the world…
Read MoreUS stock market faces reality check in high-bar earnings season
The US stock market’s strongest two-year rally since the dot-com bubble is heading for its next big test as companies start releasing quarterly earnings, providing a major gut check on whether valuations have outrun the underlying reality. On Friday (Jan 10), the S&P 500 Index slid 1.5 per cent – its worst drop since mid-December…
Read MoreWhy Singapore is bringing blockchain into mutual funds
Most people see “blockchain” and “funds” in the same sentence and immediately think of pools of money betting on cryptocurrencies such as Bitcoin and Ether. That isn’t how Singapore sees the utility of distributed ledgers. It has taken a less glamorous view, which may nevertheless be more useful. The Asian financial centre has more than 1,200 asset management companies supervising S$146…
Read MoreOil rises as Russia sanctions bolster crude’s hot start to 2025
Oil settled at a three-month high as the US ratcheted up sanctions against Russia, adding to a run of bullish developments that have propelled crude to a strong start to 2025. Brent futures rose 3.7 per cent to settle above US$79 a barrel while West Texas Intermediate (WTI) closed above US$76. The sweeping sanctions target…
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