Posts by Stephanie Irvin
Retail traders seek nearly US$60 billion for toymaker Bloks Group’s Hong Kong IPO
RETAIL investors have applied to borrow nearly US$60 billion to participate in Chinese toymaker Bloks Group’s Hong Kong initial public offering (IPO), continuing to show demand for new listings. Individual investors have sought to borrow money to bid for more than 3,000 times the number of shares reserved for them at the upper end of…
Read MoreMAS review group exploring use of seed capital for equities market: Gan Kim Yong
The Monetary Authority of Singapore’s (MAS) equities market review group is studying how to make optimum use of seed capital to attract more commercial capital. This will ensure that government developmental capital is deployed in a fiscally prudent manner, Minister for Trade and Industry Gan Kim Yong said. He was speaking at the Singapore Exchange…
Read MoreLendlease, Warburg Pincus appoint Bart Price as CEO of Apac R&D joint venture
He has two decades of career experience in real estate, infrastructure investments and capital markets AUSTRALIAN real estate group Lendlease and US private equity giant Warburg Pincus announced on Thursday (Jan 2) that they have appointed Bart Price as chief executive officer of their life sciences, research and development (R&D) and innovation real estate joint…
Read MoreAEM appoints Kwek You-Cheer as new CFO
He has more than 20 years of experience in strategic financial leadership and operations internationally AEM announced on Thursday (Jan 2) that Kwek You-Cheer, 48, will assume the role of the group’s new chief financial officer with immediate effect. Kwek joins AEM from Lenovo’s Asia Pacific Infrastructure Solutions Group, where he served as CFO. Prior…
Read MoreGold kicks off 2025 on positive note, Fed and Trump policy in focus
GOLD kicked off the New Year on a positive note after a stellar 2024, as market participants waited for more clues on the US Federal Reserve’s interest rate outlook and president-elect Donald Trump’s tariff policies. Spot gold was steady at US$2,625.48 per ounce, as at 0014 GMT on Thursday (Jan 2). Bullion emerged as one…
Read MoreSingPost appoints Neo Su Yin as group COO
SINGAPORE Post (SingPost) has appointed Neo Su Yin as its group chief operating officer (COO), effective Thursday (Jan 2). In this newly created role, Neo will oversee the group’s Singapore and international business units and property. She will also take guidance from board chairman Simon Israel, said SingPost. “The position of the group COO…
Read MoreSingPost taps ex-Singapore CEO Neo Su Yin as group COO to help steady the ship
SINGAPORE Post (SingPost) has appointed Neo Su Yin as its group chief operating officer (COO), effective Thursday (Jan 2). Her appointment comes after SingPost sacked three senior executives. In this newly created role, Neo will oversee the group’s Singapore and international business units and property. She will also take guidance from board chairman Simon Israel,…
Read MoreAbu Dhabi’s Mubadala eclipses Saudi PIF with US$29 billion deals
ABU Dhabi’s Mubadala Investment was the world’s most active sovereign wealth fund (SWF) last year as it ramped up deal-making across everything from private credit to artificial intelligence. That came as Saudi Arabia’s Public Investment Fund (PIF), which was the most active in 2023, slowed down spending and refocused on investing at home. Mubadala deployed…
Read MoreSemiconductor companies poised for more broad-based recovery in 2025
Some Singapore-listed players, such as Frencken Group and Grand Venture Technology, may come out ahead and outperform as well, say market watchers THE semiconductor industry saw a bumpy recovery in 2024, but a more broad-based rebound is expected in the coming year. Some Singapore-listed players, such as Frencken Group and Grand Venture Technology (GVT), may…
Read MoreNio delivers 221,970 vehicles in 2024 and hits record high in December
CHINESE electric vehicle (EV) maker Nio delivered a record 72,689 vehicles in the fourth quarter of 2024, 45.2 per cent higher than the previous year. For the full year, the group delivered 221,970 vehicles, a 38.7 per cent increase year on year, Nio said on Wednesday (Jan 1). This has taken its cumulative deliveries to…
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