Posts by Stephanie Irvin
Unagi specialist Man Man’s Singapore operator sinks into red less than a year after listing
[SINGAPORE] Japanese food and beverage (F&B) operator Food Innovators Holdings (FIH) posted a net loss of S$4.1 million for FY2025 ended Feb 28, in a company report on Thursday (Jun 12) with its audited financial statement for the period. The loss was attributed to the underprovision of certain expenses, such as unrealised foreign exchange losses,…
Read MoreJetstar Asia shutdown: Income Insurance extends ‘goodwill’ coverage outside of ticket expenses
[Singapore] Income Insurance has announced in a statement on Thursday (June 12) that it will offer coverage to eligible customers affected by Jetstar Asia’s upcoming shutdown, even though such events are not typically included in travel insurance coverage. On Wednesday (June 11), Jetstar Asia, a wholly owned subsidiary of Qantas Group, announced it would cease…
Read More‘I got up and ran’: How one man survived the Air India crash that killed 241
AS AIR India Flight AI171 descended toward its doom on Thursday, Ramesh Vishwaskumar sat in the first row of economy class – headed for one of the most harrowing and luckiest moments of his life. After the Boeing 787 Dreamliner crashed into a densely populated district of the western Indian city of Ahmedabad, Vishwaskumar managed…
Read MoreGlobal EV sales rise in May as China hits 2025 peak: Rho Motion
GLOBAL sales of electric and plug-in hybrid vehicles rose 24 per cent in May compared with the same period a year ago, as strength in China offset slower growth in North America, according to market research firm Rho Motion. Electric vehicle sales in China surpassed over one million units in a single month for the…
Read MoreCreating Silver Linings: Why We Should Build Opportunity From Adversity
In life’s most challenging moments, we often hear well-meaning advice to “look for the silver lining.” While finding positive aspects under challenging situations has merit, I’ve discovered there’s something far more powerful we can do: create silver linings where none would have existed otherwise. This distinction might seem subtle, but it represents a fundamental shift…
Read MoreAir India crash latest test for new Boeing leadership
[NEW YORK] The devastating Air India crash seems certain to embroil Boeing in further rounds of negative headlines at a time when it has shown progress under new leadership. Shares of the American plane manufacturer finished down nearly five per cent on Thursday as the pope, King Charles and the president of India expressed sorrow over the Boeing 787…
Read MoreTemasek joins Microsoft, BlackRock and MGX to develop AI infrastructure
Temasek’s participation comes after the Kuwait Investment Authority joined earlier in June Published Thu, Jun 12, 2025 · 11:24 PM [SINGAPORE] Temasek has joined a consortium backed by Microsoft, BlackRock and tech investment company MGX to invest and expand artificial intelligence infrastructure, according to BlackRock’s investor day presentation slides on Thursday (Jun 12). The Singapore…
Read MoreDBS raises target price for Sheng Siong on steady earnings growth, margin superiority
[SINGAPORE] DBS Research Equity on Tue (Jun 10) raised its target price for Sheng Siong to S$2.30 from S$2 on the back of strong earnings growth and resilient margins despite a volatile macroeconomic environment. The brokerage also maintained a “buy” rating, with the revised target implying a 25 per cent upside from its last traded…
Read MoreDamage is done: China exports to US in May drops by most since Covid as trade flows reroute to Asean
[SINGAPORE] While the US and China seemed to have avoided a devastating economic conflict with a framework agreement on Wednesday (Jun 11) after two days of intense negotiations, damage to the world’s richest trading relationship has already been done. Based on figures from Trade Data Monitor, Chinese shipments to the US in May plummeted 34.4…
Read MoreSingapore shares rise as trade tensions between China and US ease; STI up 0.1%
Across the broader market, gainers beat losers 252 to 236 as 1.3 billion securities worth S$1.2 billion change hands [SINGAPORE] Singapore stocks rose on Thursday (Jun 12), amid the world’s two largest economies agreeing to de-escalate trade tensions. The blue-chip Straits Times Index (STI) closed 0.1 per cent or 3.15 points higher at 3,922.2. Across…
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