Posts by Stephanie Irvin
UK inks investment deals on £38 billion Sizewell C nuclear plant
[LONDON] The UK announced final approval for the Sizewell C nuclear power plant after securing private investment in the £38 billion (S$65.7 billion) project that will help advance the government’s energy and climate goals. The British government will retain a minority stake of around 45 per cent, while other investors include French state-owned Electricite de…
Read MoreAoxin Q&M Dental CEO resigns as whistle-blower report lodged
The company cites ‘differences in views and opinions’ with parent Q&M Dental regarding the direction of the dental business as the reason for Dr Shao Yongxin leaving [SINGAPORE] Catalist-listed Aoxin Q&M Dental announced the resignation of its executive director and CEO Shao Yongxin in a bourse filing on Tuesday (Jul 22). This comes after the…
Read MoreJulius Baer’s first-half profit falls 35% on loan provisions, Brazil unit sale
Published Tue, Jul 22, 2025 · 03:03 PM [BERN] Swiss bank Julius Baer posted a first-half profit of 295 million francs (S$473.5 million) on Tuesday (Jul 22), down 35 per cent year-on-year, pressured by loan loss provisions and a charge related to the sale of its Brazilian wealth management unit. The decline reflected earlier-flagged writedown…
Read MoreWing Tai unveils Hong Kong CDB mixed-use development joint venture with CSI Properties
The project will feature a dual tower structure, comprising a 28-storey office tower with some 10,600 sq ft of gross floor area and a luxury international hotel tower [SINGAPORE] Real estate developer Wing Tai announced its joint venture with Hong Kong-listed CSI Properties, a mixed-use development in the Hong Kong central business district set to…
Read MoreBank of England considers shelving plans for a digital pound
[LONDON] Bank of England (BOE) officials are mulling whether to set aside plans to create a digital pound for households amid growing scepticism over the project’s benefits, the latest sign of dwindling support for state-backed digital currencies globally. The BOE has been privately urging the banking industry to instead accelerate payment innovations that could result…
Read MoreLink CEO George Hongchoy to retire after 16 years at company
He plans to step down before June 2026; Link is the largest Reit in Asia and manages a HK$226 billion portfolio [SINGAPORE] The group CEO of Link Asset Management Ltd, George Hongchoy, plans to step down before the end of June 2026. Hongchoy has held the CEO position for 16 years and will stay on…
Read MoreMalaysia to establish data centre framework to streamline policies
Published Tue, Jul 22, 2025 · 12:25 PM [KUALA LUMPUR] Malaysia will establish a data centre framework in October to streamline policies and development in the sector, the trade and digital ministries said on Tuesday. The Malaysian Investment Development Authority will be the main agency to approve all new data centre projects and investments, as…
Read MoreAdvanced Systems lodges police report over ex-workers’ alleged offences, unauthorised fund transfers
[SINGAPORE] Catalist-listed Advanced Systems Automation (ASA) has lodged a police report with the Singapore Police Force over potential offences committed by its ex-chief executive officer and a former director. On Tuesday (Jul 22), ASA said it lodged a report in relation to alleged breaches made by Seah Chong Hoe, who was terminated as CEO on…
Read MoreFirst ETF to track China index through Singdollar-hedged fund class launches on SGX
[SINGAPORE] The Amova E Fund ChiNext Index exchange-traded fund (ETF) was on Tuesday (Jul 22) listed on the Shenzhen Stock Exchange-Singapore Exchange (SZSE-SGX) ETF Link, to give investors a new way to access China’s innovation-led growth. This is the first ETF in Singapore that tracks the ChiNext Index through a Singdollar-hedged fund class. It will provide investors with exposure…
Read MoreRupiah to consolidate before further gains, Citi strategist says
[JAKARTA] The Indonesian rupiah’s recent gains are set to pause in the coming month before advancing to levels last seen in December, according to the currency’s top forecaster. Emerging-market currencies, especially those that are high-yielding, tend to weaken for various reasons in August, said Rohit Garg, head of foreign exchange and rates strategy Asia ex-Japan…
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