Posts by Yurie Miyazawa
Thailand moves to recriminalise cannabis, shaking US$1b industry
[BANGKOK] Thailand’s government is moving to recriminalise cannabis, plunging into limbo an industry estimated to be worth over US$1 billion that has boomed since the substance was taken off the country’s narcotics list in 2022. The push to impose new controls on recreational use of cannabis comes after the Bhumjaithai Party, which championed its legalisation,…
Read MoreSingapore Airlines CEO’s latest annual pay drops 14% to S$7 million despite record performance
[SINGAPORE] Singapore Airlines (SIA) paid its chief executive Goh Choon Phong S$7 million in remuneration for the latest financial year ended March 31, the carrier disclosed in its annual report on Wednesday (Jun 25). This marks a 13.5 per cent decrease from the S$8.1 million package he received in FY2024. Goh’s latest remuneration consists…
Read MoreDBS, CapitaLand and more: Singapore’s long-term wealth creation set to boost local stocks, says Morgan Stanley
[SINGAPORE] As Singapore reaches its 60th birthday, Morgan Stanley said the city-state is “primed for wealth creation”. That could unlock real gains for investors, the investment bank said in a report released on Tuesday (Jun 24). Tapping its global leadership as a data, energy, finance and transport hub, combined with rapid adoption of emerging technologies,…
Read MoreTrump’s chip tariff threat sparks pushback from auto industry to tech
[WASHINGTON] Blowback to US President Donald Trump’s idea of tariffs on imported semiconductors is proving to be broad and deep, stretching from auto companies and boat makers to the technology industry and crypto enthusiasts, according to a review of more than 150 public comments on the proposal. The possible levy of up to 25 per…
Read MoreLabubu’s Pop Mart share tumble does not faze analysts, who flag company’s growth story
[SINGAPORE] Analysts are still bullish on Chinese toy company favourite – Pop Mart International Group – despite its recent share price plunge, in view of its sustained popularity as an intellectual property (IP)-centric company. The Labubu craze has sent Pop Mart’s shares up by more than 170 per cent since the start of the year,…
Read MoreOil trades on fear, not just barrels, as geopolitics and prediction markets take hold
[SINGAPORE] When even Goldman Sachs is tracking crypto-based prediction platform Polymarket to get a read on the risks facing oil markets, you know something’s shifted. On Monday (Jun 23), Goldman Sachs warned that Brent could hit US$110 a barrel if the Strait of Hormuz is blocked, citing Polymarket, showing how even prediction markets with low…
Read MoreEurope: Stocks hit one-week highs on Middle East ceasefire
[BENGALURU] European stocks soared on Tuesday (Jun 24), buoyed by a ceasefire between Israel and Iran, while a slump in oil prices dragged energy stocks lower. The pan-European Stoxx 600 index rose 1.11 per cent, hitting a one-week high during the session and notching its biggest single-day jump in over a month. While most sectors…
Read MoreFrasers Centrepoint Trust prices S$200 million perpetual securities at 3.98%
[SINGAPORE] Frasers Centrepoint Trust’s (FCT) trustee HSBC Institutional Trust Services has priced S$200 million subordinated perpetual securities at 3.98 per cent under its S$3 billion multicurrency debt issuance programme. The securities will be issued in denominations of S$250,000 each, and OCBC has been appointed as the sole lead manager, said FCT’s manager in a bourse…
Read MoreFinding opportunities in disclosures
[SINGAPORE] Sustainability and climate reporting continue to face widespread resistance among businesses – many of which do not view these issues as material or consistent with business objectives. But global markets’ gradual move towards mandatory reporting on environmental, social and governance (ESG) issues – especially climate-related disclosures – goes beyond providing insights on the sustainability…
Read MoreThree Arrows founders fail in appeal for orders to disclose crypto fund dealings to be set aside
[SINGAPORE] The Court of Appeal on Tuesday (Jun 24) dismissed an application by the founders of Three Arrows Capital (3AC) to set aside orders requiring them to disclose their dealings with their now-defunct cryptocurrency fund. Chief Justice Sundaresh Menon, however, overturned a lower court decision that allowed liquidators to examine its co-founder Zhu Su following…
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