Posts by Stephanie Irvin
PacificLight to build S$1b hydrogen-ready power plant by 2029
PACIFICLIGHT Power has been awarded the right to build, own and operate a hydrogen-ready combined cycle gas turbine (CCGT) on Jurong Island by the Energy Market Authority (EMA). This follows the authority’s June 2024 launch of its request for proposal for new generation capacity. The total costs of the project are about S$1 billion, which…
Read MoreNvidia’s remarkable stock surge mints three board billionaires
NVIDIA’S banner year supercharged chief executive officer Jensen Huang’s net worth to new heights. It also boosted three of the chipmaker’s longest-serving board members into the billionaire ranks, in a virtually unheard-of feat of wealth creation. Tench Coxe, on Nvidia’s board since its startup days, is worth US$5.4 billion, according to the Bloomberg Billionaires…
Read MoreRetail 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 More