Posts by Yurie Miyazawa
Property tycoon Gordon Tang to acquire Suntec Reit manager
Tang and his affiliates currently own 35.7% of Suntec Reit, while the Reit manager ESR Trust Management (Suntec) owns 10.8% [SINGAPORE] Acrophyte Asset Management, controlled by property tycoon Gordon Tang, has issued a disclosure of interest notification to acquire ESR Trust Management (Suntec), the manager of Suntec Real Estate Investment Trust (Reit). Acrophyte plans to…
Read MoreKeppel divests remaining interests in two Singapore data centres for S$50.5 million to Keppel DC Reit
[SINGAPORE] Asset manager Keppel announced on Tuesday (Dec 16) that its connectivity division has agreed to sell its stakes in two data centres for a total cash consideration of S$50.5 million to Keppel DC Real Estate Investment Trust (Reit). The remaining stakes held by Keppel are the 10 per cent interest in data centre Keppel…
Read MoreRupee hits record low, pressured by persistent outflows and NDF maturities
[MUMBAI] The Indian rupee slipped to an all-time low for the fourth consecutive session on Tuesday, pressured by dollar bids spurred by the likely maturity of positions in the non-deliverable forwards market and persistent portfolio outflows. The rupee slipped to an all-time low of 90.82, eclipsing its previous record low of 90.7875 hit on Monday.…
Read MoreJPMorgan debuts first money market fund tokenised on Ethereum
MONY, open to qualified investors, allows them to earn a yield while holding the token on the blockchain [NEW YORK] JPMorgan Chase’s asset management arm is launching its first ever tokenized money market fund built on Ethereum, joining a growing list of Wall Street firms pushing into blockchain-based finance. The New York-based bank on Monday…
Read MoreLTA awards over S$300 million in contracts for 660 electric buses, including to BYD
[SINGAPORE] The Land Transport Authority (LTA) has awarded six contracts for 660 new electric buses, which will be progressively deployed for passenger service from end-2026, it said on Monday (Dec 15). These contracts, collectively worth S$322.2 million, are for 360 single-deck and 300 double-deck buses from four companies. This marks LTA’s first large-scale purchase of…
Read MoreInterest in money market funds in Singapore falls 44% quarter on quarter to S$1.5 billion in Q3: Morningstar
[SINGAPORE] Singaporean investor interest in money market funds waned in the third quarter of 2025, with net inflows of S$1.5 billion, down 44 per cent from the S$2.7 billion recorded for the quarter prior, a FundSingapore/Morningstar report has found. This was despite a 32 per cent quarter-on-quarter rise in total net inflows, to S$5.4 billion…
Read MoreRaffles Education leads most active pack on SGX with 43 million shares traded; price jumps 24%
Counter hits peak of S$0.133 on Monday; volume is 4 times its average daily figure [SINGAPORE] Raffles Education led the pack of actives on the Singapore Exchange (SGX) on Monday (Dec 15). The counter surged as much as 24.3 per cent, gaining S$0.026 to a peak of S$0.133 as at 2.44 pm. It later pared…
Read MoreRinggit’s outperformance set to extend next year on AI boost
[SINGAPORE] The Malaysian ringgit is on course to beat its Asian peers for a second straight year, and some strategists are expecting the outperformance to extend into 2026. Malaysia’s deep linkages to the global tech supply chain, positive growth prospects and the government’s continued push on fiscal consolidation bode well for the ringgit, according to…
Read MoreGreen stocks are big winners as tech boom drives energy demand
Lower interest rates have also improved the outlook for debt-heavy clean-power counters IT WAS supposed to be a glum year for green stocks as US President Donald Trump pushed his Big Oil agenda. Instead, the sector is booming as artificial intelligence (AI) powers massive demand for all kinds of energy. The S&P Global Clean Energy…
Read MoreGreen stocks are big winners as tech boom drives energy demand
Lower interest rates have also improved the outlook for debt-heavy clean-power counters IT WAS supposed to be a glum year for green stocks as US President Donald Trump pushed his Big Oil agenda. Instead, the sector is booming as artificial intelligence (AI) powers massive demand for all kinds of energy. The S&P Global Clean Energy…
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