Posts by Yurie Miyazawa
IMF calls for Thai rate cut to support inflation, ease debt load
A FURTHER reduction in Thailand’s policy interest rate will help shore up low inflation and ease the burden for local borrowers, according to the International Monetary Fund (IMF). The multilateral organisation welcomed the Bank of Thailand’s (BOT) decision in October to cut the policy rate and recommended a further reduction to support inflation and improve…
Read MoreChinese bubble tea chain Mixue aims to raise HK$3.45 billion in Hong Kong IPO
Bookbuilding for the IPO starts on Friday and the stock is due to begin trading on the Hong Kong Stock Exchange on Mar 3 CHINA’S largest bubble tea and drinks firm, Mixue Group, is seeking to raise HK$3.45 billion (S$592 million) in a Hong Kong initial public offering (IPO), according to a regulatory filing made…
Read MoreApple’s Tim Cook meeting with Trump as tariffs threaten iPhones
PRESIDENT Donald Trump is meeting with Apple CEO Tim Cook at the White House on Thursday (Feb 20), according to a source familiar with their plans. The source shared the details of the meeting on the condition of anonymity, but did not provide the agenda for the discussion. Cook is among the tech industry leaders…
Read MoreStocks to watch: Wilmar, SIA, Genting Singapore, Seatrium, Starhub, FEHT, The Hour Glass
THE following companies saw new developments that may affect trading of their securities on Friday (Feb 21): Wilmar: It posted on Thursday a 39.4 per cent fall in net profit to US$590.2 million for the six months ended December. Revenue for the half year rose 5.3 per cent to US$36.4 billion on stronger sales volumes.…
Read MoreSpirit Airlines to exit bankruptcy under go-private deal
SPIRIT Airlines won court approval to leave bankruptcy via a lender-backed take-private deal after rejecting a takeover offer from rival Frontier Group Holdings. Judge Sean Lane said on Thursday (Feb 20) he would authorise Spirit’s restructuring plan, which hands control of the Florida-based discount airline to top bondholders. That group includes Ken Griffin’s Citadel Advisors,…
Read MoreSmart Ways to Save Money on Everyday Items
Saving money does not mean depriving yourself of the things you love. It means smarter spending and getting more value per dollar. From food to household items to even coffee in the mornings, many ways exist to cut expenses without sacrificing quality. This article will take a look at smart ways to save money. These…
Read MoreUS: Wall St opens lower as markets assess Trump’s tariff threats; Walmart drops
WALL Street’s main indexes opened lower on Thursday (Feb 20) as investors avoided risky bets after another bout of tariff threats from President Donald Trump, while heavyweight retailer Walmart plunged on a downbeat fiscal 2026 sales forecast. The Dow Jones Industrial Average fell 66.5 points, or 0.15 per cent, at the open to 44,561.11. …
Read MoreFar East Hospitality Trust to acquire Sheraton hotel in Japan for 6 billion yen
FAR East Hospitality Trust (FEHT) will make its first Japanese hotel acquisition after expanding its investment mandate to global markets and asset classes. Its managers on Thursday (Feb 20) announced that the stapled security group had entered a sale and purchase agreement with an unrelated third party to acquire Four Points by Sheraton Nagoya, a…
Read MoreSing Investments & Finance H2 net profit up 21% at S$20.3 million
SING Investments & Finance (SingFinance) posted a 21 per cent increase in net profit to S$20.3 million for the half year ended Dec 31, 2024, from S$16.8 million in the corresponding period a year ago. This comes as the lender’s revenue edged 3 per cent higher year on year to S$77.1 million, from S$74.7 million.…
Read MoreUOL unit, partner win tender for residential site in Shanghai
A UNIT of property developer UOL Group, together with an industry partner, has won a nine billion yuan (S$1.7 billion) tender for a residential site in the Hongkou district of Shanghai, China. Qin Rui Jia (Shanghai) Realty Co (QRJ), an indirect subsidiary of UOL, teamed up with China Jinmao Holdings Group on a 10:90 basis…
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