Posts by Stephanie Irvin
UBS to open Abu Dhabi office as more clients move to Mideast
Abu Dhabi has emerged as a magnet for the world’s wealthiest people over the past few years Published Tue, May 20, 2025 · 10:07 PM [ABU DHABI] UBS Group is opening a new office in Abu Dhabi as the European banking giant seeks to capitalise on the flood of wealthy individuals leaving countries like the…
Read MoreChevron seeks big oil and gas blocks in Indonesia
Chevron is seeking blocks with potential reserves of around 15 trillion cubic feet of gas Published Tue, May 20, 2025 · 08:58 PM [TANGERANG, Indonesia] US oil major Chevron is interested in exploring and developing oil and gas assets in Indonesia with sizeable reserves, Djoko Siswanto, chairman of its upstream oil and gas regulator SKK…
Read MoreCDL posts S$1.9 billion in Q1 sales revenue in Singapore property development
[SINGAPORE] Property developer City Developments (CDL) posted sales revenue of S$1.9 billion for its property development segment in the Singapore market in the first quarter of 2025, driven by the launch of its joint venture condominium project, The Orie, in Toa Payoh. Overall, the revenue translates to an increase of 85 per cent in volume…
Read MoreWeRide joins Tencent Cloud to build smart driving services for overseas markets
Published Tue, May 20, 2025 · 07:20 PM [BEIJING] Chinese self-driving startup WeRide said on Tuesday (May 20) that it will partner with Tencent Cloud to promote large-scale robotaxi commercial operations and build smart driving solutions for overseas markets. Under the deal signed on Tuesday, Tencent’s cloud unit “will rely on its global cloud infrastructure…
Read MoreSingapore shares rise amid Wall Street’s overnight gain; STI up 0.2%
Across the broader market, decliners trail gainers 195 to 263, after one billion securities worth S$1 billion change hands [SINGAPORE] Singapore shares rose on Tuesday (May 20), after Wall Street closed higher overnight, shrugging off Moody’s downgrading of the United States’ sovereign credit rating. With only one-third of Singapore’s blue-chip barometer Straits Times Index (STI)…
Read MoreRHB names its S-Reit top picks on softer interest cost pressures, minimal tariff impact
[SINGAPORE] RHB analysts maintained their “overweight” call on Singapore-listed real estate investment trusts (S-Reits) amid “softer interest cost pressures” – particularly for Singapore-centric Reits. This comes as most S-Reits under RHB’s coverage report lower overall interest costs, as “sharp falls” in domestic rates have benefited interest costs, said RHB analyst Vijay Natarajan in a Tuesday…
Read MoreThai banks’ bad loans rise to 2.9% in Q1
Published Tue, May 20, 2025 · 04:21 PM [BANGKOK] Thai banks’ non-performing loans rose to 2.90 per cent of outstanding loans at the end of March from 2.78 per cent at the end of December, the central bank said on Tuesday (May 20). Bank lending dropped 1.3 per cent in the first quarter of 2025…
Read MoreJapan’s Honda to scale back on electric vehicles, concentrate on hybrids
The carmaker says it expects to sell 2.2 million to 2.3 million hybrid vehicles by 2030 Published Tue, May 20, 2025 · 02:17 PM [TOKYO] Honda Motor said on Tuesday (May 20) that it was scaling back its investment in electric vehicles (EVs) given slowing demand and would be focusing on capturing growing demand for…
Read MoreJapan’s 20-year bond auction gets weakest demand since 2012
The sale comes after a recent surge in longer Japanese bond yields and increased volatility owing in part to US President Donald Trump’s policy measures Published Tue, May 20, 2025 · 01:18 PM [TOKYO] Ayai Tomisawa Japan’s auction of 20-year bonds got the lowest demand since 2012, pointing to market concern about who will buy…
Read MoreAsia: Markets rebound to track Wall Street up as China cuts rates
[HONG KONG] Asian markets rose on Tuesday as investor sentiment returned following the previous day’s US rating-fuelled losses, with sentiment also boosted after China cut interest rates to historic lows. The rally tracked advances on Wall Street, where the initial selloff sparked by Moody’s removal of Washington’s triple-A grade soon gave way to a push…
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