Posts by Stephanie Irvin
SIA, Scoot passenger traffic growth eases to 3.1% in May
[SINGAPORE] National carrier Singapore Airlines (SIA) and its low-cost arm Scoot reported a 3.1 per cent year-on-year increase in passenger traffic in May, easing from the previous month’s growth, its operating results showed on Monday (Jun 16). In April, passenger traffic grew 4.8 per cent year on year, driven partly by the Easter holidays, SIA…
Read MoreChow Tai Fook Jewellery upsizes convertible to HK$8.8 billion
[HONG KONG] Henry Cheng’s Chow Tai Fook Jewellery Group has increased the size of its convertible bond sale to HK$8.8 billion (S$1.4 billion), according to sources familiar with the matter, making it potentially one of Hong Kong’s biggest this year. The bonds due in 2030 are poised to be priced with a 0.375 per cent…
Read MoreGoh Jin Hian judgement clarifies scope of directors’ duties, notes observers as ruling says directors should be a ‘sentinel’, not a ‘sleuth’
[SINGAPORE] Former Inter-Pacific Petroleum (IPP) non-executive director Goh Jin Hian’s recent win in his appeal in the Appellate Division of the High Court has given “welcome relief” to other company directors with its clarification of the scope of directors’ duties. The High Court in a judgement on Jun 5 overturned a previous ruling requiring Goh…
Read MoreSingapore shares fall on Monday amid escalating Israel-Iran conflict; STI down 0.1%
[SINGAPORE] Stocks on the local bourse ended slightly lower on Monday (Jun 16), in contrast to gains across most key regional indices, against the backdrop of escalating tensions between Israel and Iran. The benchmark Straits Times Index (STI) slid 0.1 per cent or 2.96 points to 3,908.46. Across the broader market, gainers beat losers 246…
Read MoreTotalEnergies to double stake in Malaysian gas assets, CEO says
Published Mon, Jun 16, 2025 · 05:12 PM [KUALA LUMPUR/PARIS] French energy giant TotalEnergies has doubled its stake in Malaysian gas assets, to better meet the growing energy demands of its customers in Asia, CEO Patrick Pouyanne said on Monday (Jun 16). “We produce gas, and this afternoon we’ll announce a new deal to double…
Read MoreEtiqa joins Income in extending goodwill insurance cover for Jetstar Asia travellers
[Singapore] Etiqa Insurance Singapore said on Monday (Jun 16) it will offer coverage to eligible customers affected by Jetstar Asia’s upcoming shutdown, following a similar decision by Income Insurance announced on Jun 12. While the shutdown of an airline’s operations is not typically covered under standard travel insurance policies, Etiqa said it will extend support…
Read MoreThai Airways exits debt restructuring plan with court approval
[BANGKOK] Thai Airways International won court approval to exit a debt restructuring programme, paving the way for resumption of trading in its stocks after a four-year gap. The Central Bankruptcy Court in Bangkok on Monday (Jun 16) granted the national carrier’s plea to emerge from the court-supervised debt rehabilitation. The airline successfully completed the restructuring…
Read MoreMalaysia’s oil giant Petronas looks abroad to help cut production costs
[KUALA LUMPUR] Petroliam Nasional (Petronas), Malaysia’s state-owned oil and gas company, is looking to expand output from more affordable assets abroad in an effort to cut production costs and rein in declining profits. Petronas, as the company is known, is seeking to produce oil at a break-even level of US$50 per barrel, from US$60 to…
Read MorePetronas looks abroad to help cut production costs
[KUALA LUMPUR] Malaysia’s state-owned oil and gas company Petronas is looking to expand output from more affordable assets abroad in an effort to cut production costs and rein in declining profits. Petronas is seeking to produce oil at a break-even level of US$50 per barrel, from US$60 to US$70 in the past five years, said…
Read MoreIndonesia bourse mulls extending trading window by one hour
The Indonesian stock market currently operates in a seven-hour window of 9.00 am to 4.00 pm Published Mon, Jun 16, 2025 · 11:06 AM [JAKARTA] Indonesia’s stock exchange will consider extending trading hours, in its latest effort to draw foreign investors to South-east Asia’s biggest economy after heavy sell-offs earlier this year. The local bourse…
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