Posts by Stephanie Irvin
DBS, CapitaLand and more: Singapore’s long term wealth creation set to boost local stocks, says Morgan Stanley
[SINGAPORE] As Singapore reaches its 60th birthday, Morgan Stanley says the city-state is “prime for wealth creation”. That could unlock real gains for investors, the investment bank said in a report released on Jun 24. Tapping its global leadership as a data, energy, finance and transport hub, combined with rapid adoption of emerging technologies, Singapore…
Read MoreBank of Korea warns of housing, debt risks as easing continues
[SEOUL] Persistent housing price gains, particularly in the Seoul metropolitan area, could accelerate debt accumulation in South Korea and pose risks to financial stability, threatening a financial system that generally held up well in the face of prolonged political turmoil and US tariffs. In a semi-annual report on the financial system on Wednesday (Jun 25),…
Read MoreAustralia’s Star casino shareholders approve A$300 million rescue package
[SYDNEY] Star Entertainment Group’s shareholders approved on Wednesday (Jun 25) an A$300 million (S$250 million) rescue package that will allow the embattled Australian casino group to remain operational, according to a company presentation. The rescue bid is being led by US casino firm Bally’s Corp and the Mathieson family, which is Star’s largest existing shareholder. …
Read MoreChina urges AIIB to step up cross-border development funding, says global aid drying up
Chinese officials have increasingly emphasised ties with South-east Asia, which last year overtook the EU to become the US$19 trillion economy’s top export market Published Wed, Jun 25, 2025 · 11:22 AM [BEIJING] China’s finance minister on Wednesday (Jun 25) urged the Asian Infrastructure Investment Bank (AIIB) to expand funding for cross-border connectivity projects in…
Read MoreGold prices flat as fragile Iran-Israel ceasefire tempers safe-haven demand
[BENGALURU] Gold prices held their ground on Wednesday (Jun 25) as a tentative ceasefire between Iran and Israel dampened safe-haven demand, though a weaker US dollar and bargain-hunting after bullion’s decline in the previous session helped limit losses. Spot gold was unchanged at US$3,326.39 per ounce, as at 0042 GMT, after hitting an over two-week…
Read MoreStocks to watch: Sembcorp Industries, ST Engineering, Frasers Centrepoint Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 25): Sembcorp Industries: The company’s wholly owned subsidiary, Sembcorp Financial Services, announced the issuance of S$300 million notes under its S$5 billion Euro Medium Term Note programme established in July 2023. The fixed rate guaranteed notes are priced at…
Read MoreTarget explores factory-direct shipping model used by Temu
[CHICAGO] Target is testing the delivery of products directly to customers’ homes from factories, said sources familiar with the matter, an effort by the big-box retailer to launch a service similar to the Chinese e-commerce platforms Temu and Shein. The company is seeking to broaden its range of low-cost offerings through the initiative, said the…
Read MoreDaiwa plans 100 billion yen real estate fund as Japan market booms
[TOKYO] Daiwa Securities Group plans to launch a real estate fund with two partners, tapping investor demand for a piece of Japan’s booming property market. The Japanese brokerage will collaborate with Osaka-based developer Samty Holdings, and fund manager Hillhouse Investment, according to Daiwa’s Masatsugu Oishi. It aims to raise 100 billion yen (S$883 million) via…
Read MoreOil prices drop 6% as Israel-Iran ceasefire reduces Middle East supply risk
[NEW YORK] Oil prices fell 6 per cent on Tuesday (Jun 24) to settle at a two-week low, on expectations the ceasefire between Israel and Iran will reduce the risk of oil supply disruptions in the Middle East. The ceasefire was on shaky ground with US President Donald Trump accusing both Israel and Iran of…
Read MoreIncome Insurance to explore other share liquidity options after scuppered Allianz deal: departing chairman Ronald Ong
[SINGAPORE] Income Insurance is “keeping its options open” over various share liquidity options, which could include a share-buyback programme, said its retiring chairman Ronald Ong at the insurer’s annual general meeting (AGM) on Tuesday (Jun 24). He reiterated that if German insurer Allianz’s proposed offer in July 2024 to buy a majority stake in Income…
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