Posts by Stephanie Irvin
Katrina Group to bring South Korean hamburger chain Lotteria to Singapore
The fast-food brand first opened in 1979 and is known for its Korean-style burgers with localised and seasonal offerings CATALIST-LISTED Katrina Group is planning to bring South Korean hamburger chain Lotteria to Singapore. The food and beverage (F&B) and hospitality group said on Wednesday (Oct 23) it plans to open multiple Lotteria outlets across Singapore,…
Read MoreStamford Tyres founder Wee Kok Wah dies at 78
STAMFORD Tyres founder Wee Kok Wah, the man behind one of South-east Asia’s largest independent tyres and wheels distributor, passed away on Monday (Oct 21). The 78-year-old was highly regarded in the tyre industry and the business world for his passion for and in-depth knowledge of the tyre business which gave him international recognition, the…
Read MoreADIA to invest US$750 million in debt of India’s GMR Group
ABU Dhabi Investment Authority (ADIA), the UAE’s largest sovereign wealth fund, will invest about US$750 million in the debt of India’s GMR Group, giving it a foothold in one of the world’s fastest-growing aviation markets. The investment will also allow the Indian company to reduce the pledged shareholding on its airports business. ADIA has invested…
Read MoreJapan’s Nikkei slips on caution ahead of election
Japan’s Nikkei share average fell for a third straight session on Wednesday (Oct 23) as caution ahead of the country’s upcoming lower house election results overshadowed any boost from a weaker yen. The Nikkei closed 0.8 per cent lower at 38,104.86, while the broader Topix slid 0.55 per cent to 2,636.96. The losses came even…
Read MoreGIC, Macquarie explore US$2 billion stake sale in Philippines’ EDC: sources
SINGAPORE’S GIC and Australia’s Macquarie are looking at selling their stake of roughly 30 per cent in Philippine renewable energy firm Energy Development Corp (EDC), a deal that could fetch US$2 billion, two sources with knowledge of the matter said. They are in preliminary talks with advisors and no decision has been made, the sources…
Read MoreKeppel Infrastructure Trust’s 9-month distributable income falls 60.1% to S$106.1m
KEPPEL Infrastructure Trust (KIT) saw its distributable income year on year (yoy) tumble 60.1 per cent to S$106.1 million for the first nine months of 2024 from S$266.1 million. The fall in distributable income in the latest nine-month period was notably in the absence of a special distribution of S$131.2 million that was recorded in…
Read MoreChangi Airport’s Q3 passenger movements up 10% on strong North Asia traffic
CHANGI Airport had 16.8 million passengers passing through its terminals in the third quarter of 2023, up 10 per cent from the year before. The figure was 97.4 per cent of passengers that went through it in Q3 2019, before the Covid-19 pandemic, said Changi Airport Group (CAG) on Wednesday (Oct 23). The group…
Read MoreChina Resources Beverage shares end 15% higher on Hong Kong IPO debut
DRINKS maker China Resources Beverage’s shares ended 15 per cent higher in their Hong Kong debut on Wednesday (Oct 23), giving dealmakers hope that more big-ticket initial public offerings could be on the way. The company sold 347.8 million shares in the IPO at HK$14.50 each to raise US$650 million. The shares traded as high…
Read MoreSenoko Energy and Petronas’ Gentari ink MOU to explore importing hydrogen gas from Malaysia to Singapore
The Singapore energy company plans to integrate hydrogen gas into its combined cycle gas turbine assets to improve their environmental performance SENOKO Energy signed a memorandum of understanding (MOU) with Gentari, the renewable energy arm of Malaysia’s Petronas, to explore sustainable energy solutions in Singapore using hydrogen gas. Both companies will explore the feasibility of…
Read MoreKeppel Pacific Oak US Reit Q3 distributable income falls 8.8% to US$11.9 million
KEPPEL Pacific Oak US Reit (Kore) posted a distributable income of US$11.9 million for the third quarter ended Sep 30, down 8.8 per cent from US$13.1 million in the previous corresponding period. This was mainly due to higher financing cost as a result of rising interest rate, as well as lower net property income (NPI),…
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