Posts by Yurie Miyazawa
Trump Media slips in choppy trading after Donald Trump’s criminal conviction
SHARES of Trump Media & Technology Group fell 8 per cent in choppy trading on Friday (May 31), after a jury found former US president Donald Trump guilty of falsifying documents to cover up a payment to silence a porn star ahead of the 2016 election. The stock opened higher and was among the top…
Read MoreParagon Reit in advanced talks to sell Rail Mall at shade above S$80 million: sources
PARAGON Reit : SK6U 0% is in advanced negotiations to sell The Rail Mall in Upper Bukit Timah; the price is understood to be slightly higher than S$80 million. The single-storey strip mall, with nearly 50,000 square feet (sq ft) of net lettable area (NLA), is on a site sold by the state with a…
Read MoreTikTok pauses e-commerce push into Europe to focus on US
TIKTOK has put on hold plans to launch its fast-growing e-commerce business across major European markets, focusing instead on growth in the US where it’s fighting a divest-or-ban law. ByteDance’s social media startup has put on hold a rollout of its shopping platform across Spain, Germany, Italy, France and Ireland that was to have taken…
Read MoreSTI edges 0.4% higher on Friday, led by DBS
THE Straits Times Index (STI) ended Friday (May 31) at 3,336.59, up 13.21 points or 0.4 per cent. Advancers were outnumbered by decliners, however – 265 to 323. The value of securities traded was an unusually high S$4.4 billion.
Read MoreIDG considers offer for Hong Kong broadband firm HKBN
CHINA-FOCUSED investment firm IDG Capital is considering a buyout of HKBN, people with knowledge of the situation said, as the owners of the Hong Kong broadband service provider weigh their options for the company. IDG has sounded out financing plans for a potential offer for the Hong Kong-listed telecommunications firm, one of the people said.…
Read MoreMalaysia’s Petronas Q1 profit falls on high costs, low prices
Malaysia’s state energy firm Petroliam Nasional (Petronas) reported a near 11 per cent decline in first-quarter net profit on Friday (May 31) due to higher operating costs and lower realised prices across its businesses. Profit after tax in the three months ended March 31 was RM21.3 billion (S$6.11 billion), down from RM23.8 billion a year…
Read MoreHot stock: AEM drops 6.6% after CEO resigns
SHARES of AEM dropped as much as 6.6 per cent as at Friday’s (May 31) midday trading break, after the resignation of its current chief executive Chandran Nair, which was announced the day before. As at 12.32 pm, the counter was trading down S$0.13 at S$1.83 with 5.1 million shares changing hands. The last time it…
Read MoreHot stock: AEM drops 6.6% after CEO quits
SHARES of AEM dropped by as much as 6.6 per cent as at the Friday (May 31) midday trading break, on the back of the resignation of its current chief executive Chandran Nair, which was announced the day before. As at 12.32 pm, the counter was trading down S$0.13 at S$1.83, with 5.1 million shares having…
Read MoreQantas, Perth Airport make peace in A$3 billion expansion deal
QANTAS Airways reached a multi-billion dollar agreement with Perth Airport for a new terminal and runway, a peacemaking pact that paves the way for a new long-haul aviation hub in Western Australia. Under the 12-year deal, Perth Airport will invest around A$3 billion (S$2 billion) in the new infrastructure. In return, Qantas and its low-cost…
Read MoreSingtel partners Indonesia’s Telin to develop Singapore-Batam subsea cable system
SINGTEL : Z74 0% has signed a memorandum of understanding with Indonesian carrier services provider Telekomunikasi Indonesia International – or Telin – to develop a new submarine cable system connecting Singapore and Batam under a consortium called Indonesia Singapore Cable System (Insica). The cable system will span 100 kilometres and is expected to be operational…
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