Posts by Yurie Miyazawa
SGX shares climb more than 5% after MAS review group unveils plans to boost stock market
Initiatives include a S$5 billion Equity Market Development Programme to strengthen the fund management ecosystem Shares of the Singapore Exchange (SGX) jumped more than 5 per cent on Monday (Feb 24) morning following the announcement of initiatives to revive the stock market by a review group led by the Monetary Authority of Singapore (MAS). They include…
Read MoreSingapore Reits need more support in wake of Paragon Reit’s proposed privatisation
Privatisations make sense when trusts have poor liquidity and face constraints in upgrading assets IF INTEREST rates do not fall much further, equity fund-raising in the Singapore-listed real estate investment trusts (Reit) space could be muted. Reits are sensitive to interest rates as higher borrowing costs affect distributions by Reits, and yield-driven investors flock to…
Read MoreTrump U-turn on NYC’s congestion pricing programme could dampen ST Engineering sentiment, but limited impact expected
THE Trump administration reversed federal approval for New York City’s congestion pricing programme on Feb 19. Even though ST Engineering’s subsidiary in the US, TransCore, runs the contract, analysts are forecasting just a slight dampening of investor sentiment with minimal direct impact on the stock. DBS Group Research noted that TransCore has already completed the…
Read MoreMusk’s Starlink races with Chinese rivals to dominate satellite internet
SPACE is about to get more crowded for Elon Musk. The billionaire’s Starlink communications network is facing increasingly stiff challenges to its dominance of high-speed satellite internet, including from a Chinese state-backed rival and another service financed by Amazon.com founder Jeff Bezos. Shanghai-based SpaceSail in November signed an agreement to enter Brazil and announced it…
Read MoreFrom tech to financial services: Layoffs and job cuts in 2025
RETRENCHMENTS and unemployment have been widespread in the first two months of 2025, with job cuts announced across various industries. From tech to retail, media and finance, major companies are starting to shed employees as they undergo restructuring and adapt to changing market conditions. Here are some of the job cuts announced so far, including…
Read MoreMalaysia’s flooded palm problems to persist for another month
MALAYSIAN oil palm plantations that have been inundated with rain this year are not likely to see production recover for at least another month, according to a senior industry official. The situation has already tightened supplies in the global market, which is headed for a back-to-back drawdown in stockpiles, lifting futures nearly 9 per cent…
Read MoreIndonesia launches Danantara investment fund, channels US$20 billion into 20 strategic projects
[JAKARTA] Indonesia launched the Danantara investment fund on Monday (Feb 24), a high-stakes, multi-billion-dollar initiative designed to consolidate the country’s state-owned enterprises (SOEs), while catalysing investment and fuelling the nation’s ambitious growth trajectory. For a start, Danantara will allocate US$20 billion to fund 20 high-impact national projects. The funds will be allocated to key sectors…
Read MoreOlam to sell remaining stake in Olam Agri for US$2.6 billion, focuses on IPO of business unit ofi
OLAM is divesting its remaining stake in Olam Agri to Saudi Agricultural and Livestock Investment Company (Salic) for US$2.6 billion. While the board has yet decided on the specific use of the proceeds, Olam’s co-founder and group chief executive officer Sunny Verghese said Olam would continue seeking “strategic options to unlock value” for the other…
Read MoreOlam to sell remaining stake in Olam Agri at valuation of US$4 billion
OLAM’S wholly owned subsidiaries have entered into a conditional sales and purchase agreement with Saudi Agricultural and Livestock Investment Company (Salic) for the proposed disposal of about 44.58 per cent of the issued and paid-up share capital of Olam Agri. This entails 1.5 billion ordinary shares of Olam Agri, with the consideration for the…
Read MoreStocks to watch: Olam, Raffles Medical, Sats, UOB, CapitaLand India Trust, Venture
THE following companies saw new developments that may affect trading of their securities on Monday (Feb 24): Olam: The group on Monday announced that it will sell its remaining 64.57 per cent stake in Olam Agri to Saudi Agricultural and Livestock Investment Company (Salic) over two tranches, for a total sum of US$4 billion. The…
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