Posts by Yurie Miyazawa
Chong Siew Ling is new CEO of Kingsmen Creatives
It also names Marianne Soh, the general counsel of the group and the daughter of co-founder Benedict Soh, as a director COMMUNICATIONS and design group Kingsmen Creatives has a new chief executive officer from Jan 1, 2025. Chong Siew Ling, 64, will be responsible for the strategic leadership, corporate governance and operational management of the…
Read MoreOil prices post 3% annual decline, slipping for second year in a row
OIL prices fell around 3 per cent in 2024, slipping for a second straight year, as the post-pandemic demand recovery stalled, China’s economy struggled, and the US and other non-Opec (Organisation of the Petroleum Exporting Countries) producers pumped more crude into a well-supplied global market. Brent crude futures on Tuesday (Dec 31), the last trading…
Read MoreKeppel delivers higher asset monetisation as it gears up for next phase of its transformation
FUND manager and operator Keppel has delivered higher asset monetisation in 2024 despite the challenging market, said chief executive officer Loh Chin Hua in a New Year’s message to employees on Wednesday (Jan 1). Keppel has unlocked US$1.5 billion through its asset monetisation programme, higher than the S$950 million monetised in 2023. “We have indeed…
Read MoreAnalysts positive on S-Reits in 2025 after a roller-coaster year
Singapore-listed real estate investment trusts seen to do better with interest rates likely to fall SINGAPORE-LISTED real estate investment trusts (S-Reits) endured quite a roller-coaster year in 2024. What began as an optimistic year for the Reit sector, fuelled by hopes of interest rate cuts, shifted to one of uncertainty, due to concerns about a…
Read MoreSingPost’s ‘failed’ deliveries faced issues like conflict zones: fired CEO, CFO
A “SIGNIFICANT majority” of the shipments involved in Singapore Post’s (SingPost) parcelgate fiasco were linked to known issues like conflict zones. This was the comeback from the company’s former group chief executive Vincent Phang and group chief financial officer Vincent Yik on Tuesday (Dec 31) – who, along with Yu Li, head of its international…
Read MoreSingapore stocks lower on last trading day of the year; STI up 16.9% in 2024
SINGAPORE stocks fell on thin trading volumes on Tuesday (Jan 31) before investors usher in the New Year. The local benchmark Straits Times Index (STI) was down 0.2 per cent or 8.13 points at 3,787.6 after trading ended early on New Year’s Eve. Across the broader market, gainers beat losers 184 to 175 after 553.9…
Read MoreHong Kong sees rush of IPO filings on last trading day of 2024
A SLEW of companies have announced plans to list shares in Hong Kong over the next month in a further sign the city’s IPO market is reviving. At least six firms have said they intend to hold initial public offerings in the city by late January, raising a combined HK$3.3 billion (S$578 million), based…
Read MoreGold flat; en route to best year in more than a decade
GOLD prices were unchanged in early Asian hours on Tuesday (Dec 31), the last trading day of an eventful year that saw the metal post its best annual performance in more than a decade. Spot gold was flat at US$2,606.07 per ounce, as at 0034 GMT. US gold futures gained 0.1 per cent to US$2,619.90. …
Read MoreStocks to watch: Wilmar International, Dasin Retail Trust
THE following companies saw new developments that may affect the trading of their securities on Tuesday (Dec 31): Wilmar International: The agribusiness group is acquiring Indian multinational conglomerate Adani Group’s remaining stake in Adani Wilmar, a consumer goods joint venture between both groups, at a price not exceeding 305 rupees a share. Assuming the transaction…
Read MoreSingapore’s stock market may hinge on reforms in 2025, but outlook for some sectors look bright
ANALYSTS expect Singapore stocks to outperform and see significant upside in 2025, but there is a caveat: This is likely to happen only if market reforms are put in place to raise their relative valuations. Macquarie analysts expect companies to post an estimated 5 per cent rise in earnings-per-share growth, bringing the benchmark Straits Times…
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