Posts by Stephanie Irvin
Keppel DC Reit sees opportunities in favourable supply-demand environment
AS IT approaches its 10th anniversary, Keppel DC Real Estate Investment Trust (Reit) has grown its assets under management by almost four times, from S$1.1 billion as at end-2015 to S$3.7 billion as at end-2023. With data centre demand continuing to rise, Loh Hwee Long, chief executive of the Reit’s manager, said that the Reit…
Read MoreSouth-east Asia insurtech deals rises to US$2.35 billion in 2023 despite fewer deals: EY
DEALS in the insurance and technology (insurtech) sector in South-east Asia recorded a total value of US$2.35 billion in 2023, up from US$538 million in 2022, indicated a report by EY in August. This is despite macroeconomic and geopolitical challenges, and the fewer number of deals in the year – 27 deals took place in…
Read MoreEUR/USD expected to see continued upward momentum
The EUR/USD pair has recently exhibited significant price movements, marking a potential trend shift after a prolonged period of consolidation. The weekly chart reveals a notable breakout from a symmetrical triangle pattern, signalling the possibility of continued upward momentum. Since early 2023, the EUR/USD pair has been in a consolidation phase, oscillating within the bounds…
Read MoreSouth-east Asia insurtech deals jump over 4 times to US$2.35 billion in 2023 despite fewer transactions: EY
DEALS in the insurance and technology (insurtech) sector in South-east Asia recorded a total value of US$2.35 billion in 2023, up from US$538 million in 2022, indicated a report by EY in August. This is despite macroeconomic and geopolitical challenges, and the fewer number of deals in the year – 27 deals took place in…
Read MoreIndustrial Reits maintain resilience despite sector’s slowdown
IN JTC’s latest market report for the second quarter of 2024, it noted that industrial rents rose 1 per cent quarter on quarter, recording the slowest rate of increase since Q1 2022 following the Covid-pandemic recovery. On a year-on-year (yoy) basis, industrial rents are still up 6.6 per cent. Overall occupancy rates rose 0.3 percentage…
Read MoreOil climbs over 2% after Fed’s Powell indicates US rate cuts
US light crude oil gained more than 2 per cent a barrel on Friday (Aug 23) after comments by US Federal Reserve chair Jerome Powell indicated the central bank was preparing to cut interest rates. Brent crude futures settled up by US$1.80, or 2.3 per cent, at US$79.02 a barrel. US West Texas Intermediate (WTI)…
Read MoreUS dollar falls after Powell greenlights September easing
THE dollar fell and sterling rose to its highest in more than two years on Friday (Aug 23) after Federal Reserve chair Jerome Powell gave an unambiguous signal that the long-anticipated US interest rate cut would come next month. The weak dollar also saw the euro hit a 13-month high, and the US currency marked…
Read MoreBank of England’s Bailey says inflation pressure is on the wane
BANK of England governor Andrew Bailey said on Friday (Aug 23) he thought inflation pressure in Britain’s economy was becoming less stubborn than in recent years, but it was still too soon to be sure. “We are now seeing a revision down in our assessment of that intrinsic persistence, but this is not something we…
Read MoreIndonesia approves development plan for Eni’s Geng North gas project
INDONESIA has approved a development plan for the first phase of the Geng North gas field operated by Italy’s Eni in the Makassar Strait, the upstream oil and gas regulator SKK Migas said in a statement on Friday (Aug 23). The approval also covered the development of the nearby Gehem field, SKK Migas said, part…
Read MoreSembcorp resumes operations of Myanmar power plant
SEMBCORP Industries has resumed operations of the company’s Myingyan Independent Power Plant in Mandalay, Myanmar. In a bourse filing on Friday (Aug 23), the company said that this follows a temporary suspension, which was previously announced on Aug 12. “The decision was made given that conflicts around the vicinity of the plant have ceased such…
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