Posts by Stephanie Irvin
S-Reits with Singapore office assets post resilient Q1 2025 amid positive rent reversions and high occupancy
[SINGAPORE] Singapore-listed office real estate investment trusts (S-Reits) reported a broadly resilient performance in the first quarter of 2025, underpinned by positive rental reversions, stable occupancy, and continued demand for prime office space despite macroeconomic uncertainties. The six S-Reits with Singapore office exposure – CapitaLand Integrated Commercial Trust (CICT), Mapletree Pan Asia Commercial Trust (Mpact),…
Read MoreNewark airport runway to reopen Monday after construction
Published Sun, Jun 1, 2025 · 09:00 AM A RUNWAY ahead of schedule following several chaotic weeks of equipment outages, runway construction and air traffic control staffing shortages that caused flight cancellations, diversions and delays, US Transportation Secretary Sean Duffy said. Newark Liberty, one of the main airports serving New York City, is about 9…
Read MoreTrump celebrates Nippon Steel ‘deal’ with rally at Pennsylvania plant
[WEST MIFFLIN] US President Donald Trump on Friday (May 30) lauded a “partnership” between Nippon Steel and US Steel at a political rally but stopped short of clarifying whether he planned to approve the companies’ diplomatically sensitive merger. On a Pittsburgh, Pennsylvania-area stage decorated with signs celebrating “American steel”, Trump appeared to signal he would…
Read MoreUS: Stocks mixed as China trade tensions fuel unease
Published Sat, May 31, 2025 · 06:13 AM [NEW YORK] Wall Street stocks saw a mixed end to the day on Friday (May 30), as trade tensions between the United States and China heated up with President Donald Trump accusing Beijing of violating a tariff de-escalation deal. The Dow Jones Industrial Average edged up 0.1…
Read MoreSaudi Aramco could tap debt markets again after US$5 billion bond sale
Published Fri, May 30, 2025 · 09:10 PM [DUBAI] Saudi Aramco has published a new prospectus for its issuance programme of Islamic bonds or sukuk, signalling the state oil major may soon tap the debt markets again after it raised US$5 billion from a three-part bond sale this week. The prospectus, submitted to the London…
Read MoreWee Hur sets up S$500 million medium-term note programme
Notes to be issued may be in Singapore dollars or any other currency, in various amounts and tenors, and may bear interest at fixed, floating or hybrid rates or not bear any interest [SINGAPORE] Property company Wee Hur has established a S$500 million multi-currency medium term note programme, it said via a bourse filing on…
Read MoreMacDermid Alpha Electronics Solutions expands Singapore production facility
[SINGAPORE] Electronics manufacturer, MacDermid Alpha Electronics Solutions, announced on Friday (May 30) the completion of its expanded production facility in Tuas. The expansion aims to scale up the production of Agromax – its flagship silver sintering paste, which is used for bonding electrical components and creating electrical connections. In response to media queries, Tom Hunsinger,…
Read MoreJoint venture by Boustead Projects’ unit clinches JTC tender to develop industrial facility on Tukang Innovation Drive site
The site is the first under the industrial government land sales programme to be awarded with an additional three years of lease [SINGAPORE] A joint venture of Boustead Projects’ wholly owned subsidiary was awarded a tender by JTC Corporation on Friday (May 30) to develop an industrial facility on a land parcel under the Industrial…
Read MoreAI to send Asia’s data centre spending and power needs up; Morgan Stanley picks the winners
[SINGAPORE] Data centre investments in Asia will likely double to US$200 billion by 2030, as the rising use of artificial intelligence (AI) will powers the demand for digital infrastructure and electricity, say Morgan Stanley analysts. In a report on Monday (May 26), the bank said the surge in capital expenditure is set to tighten regional…
Read MoreUS regulator drops lawsuit against Binance
Published Fri, May 30, 2025 · 11:51 AM [WASHINGTON] The US Securities and Exchange Commission (SEC) on Thursday dropped its civil lawsuit against the cryptocurrency exchange Binance and its majority shareholder, Changpeng Zhao. “In the exercise of its discretion and as a matter of policy, the Commission deems it appropriate to dismiss this litigation,” the…
Read More