Posts by Yurie Miyazawa
Singapore proposes anti-scam law to let police order restrictions on bank transfers
SINGAPORE’S police will be able to issue restriction orders limiting banking transactions by individuals who are at risk of falling victim to scams, if a new Bill is passed. The Protection from Scams Bill, introduced in Parliament on Monday (Nov 11), seeks to better protect scam targets who do not believe they are being scammed,…
Read MoreGold subdued as investors await US data, comments from Fed officials
GOLD prices were little changed in early Asia hours on Monday (Nov 11), as market participants awaited comments from Federal Reserve officials and economic data to gauge the US interest rate path. Spot gold was almost flat at US$2,683.78 per ounce, as at 0012 GMT. US gold futures eased 0.1 per cent to US$2,690.90. A…
Read MoreSingapore shares open higher on Monday; STI up 0.6%
SINGAPORE shares started trading in positive territory on Monday (Nov 11) as markets abroad logged mixed results over the weekend. As at 9.01 am, the Straits Times Index (STI) was up 0.6 per cent or 21.55 points at 3,745.92. Across the broader market, gainers outnumbered losers 78 to 61 after 62.2 million securities worth S$122.4…
Read MoreDelivery Hero to list Talabat business in Dubai in December
TALABAT, the Middle East business of Delivery Hero, will list on the Dubai Stock Exchange in mid-December, floating 15 per cent of its issued shares, its German parent said on Sunday (Nov 10), in what will be one of the UAE’s biggest initial public offerings (IPOs) this year. Berlin-based food delivery company Delivery Hero bought…
Read MoreJPMorgan braces for ‘impactful’ first two years of Trump
THE first two years under Donald Trump’s second term could be “quite impactful” if policy changes are made on tax, deregulation and crypto, according to Stefan Gratzer, managing director at JP Morgan Private Bank. “One really differentiating thing Trump had in his policy was about crypto, so let’s see how this plays out,” Gratzer, who…
Read MoreBooking.com could cut jobs as part of reorganisation plan
ONLINE travel agency Booking.com could cut jobs as part of a review of its organisational structure, it said on Saturday (Nov 9). The company, a unit of Booking Holdings, said that it was in the early stages of the review process and no firm decision had been made. “This is a difficult but necessary proactive…
Read MoreTrump elected at opportune moment for himself, but will his policies force Fed to change course?
While the outlook seems rosy for DBS, OCBC and UOB, they should hold on to their excess capital and hunt for opportunities as the world changes One thing most people seem to agree on, following the divisive elections in the United States, is that Donald Trump is going to change the world during his second…
Read MoreUS ordered TSMC to halt shipments to China of chips used in AI applications: source
THE US ordered Taiwan Semiconductor Manufacturing Co (TSMC) to halt shipments of advanced chips to Chinese customers that are often used in artificial intelligence applications starting Monday (Nov 11), according to a person familiar with the matter. The Department of Commerce sent a letter to TSMC imposing export restrictions on certain sophisticated chips, of 7…
Read MoreChuan Park moves over 60% of units during weekend; Union Square Residences sells about 20% on Saturday
Chuan Park is widely touted to do well as there has not been a new condo project in the Lorong Chuan area for years, while Union Square Residences is the third new launch in the Rest of Central Region in recent months OVER the weekend, sales crossed the 60 per cent mark at the massive…
Read MoreSIA Engineering resumes buybacks after reporting H1 FY2025 results
Over the five trading sessions from Nov 1 to 7, institutions were net sellers of Singapore stocks, resulting in a net institutional outflow of S$141 million. This was a slower pace than the S$404 million net outflow over the preceding five sessions. Stocks that led the net institutional outflow over those five sessions were OCBC,…
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