Posts by Yurie Miyazawa
Frasers Property’s privatising FHT does nothing for its minorities
[SINGAPORE] Minority investors of Frasers Hospitality Trust (FHT) are getting a second chance to exit their holdings by way of a privatisation offer. FHT’s sponsor Frasers Property recently proposed privatising the stapled group at S$0.71 per stapled security via a trust scheme of arrangement. In September 2022, Frasers Property’s earlier attempt to privatise FHT at…
Read MoreJapan touts ships expertise, LNG investment as tariff talks key
[TOKYO] Japan may offer financial and technical contributions ranging from investment in an Alaskan liquefied natural gas (LNG) pipeline project to shipbuilding expertise as it seeks to smooth the path towards a tariff deal with the US by mid-June. Japan will tout its prowess in building ice-breakers, a growing area of need as security concerns…
Read MoreJapan touts ships expertise, LNG investment as key to tariff talks
[TOKYO] Japan may offer financial and technical contributions ranging from investment in an Alaskan liquefied natural gas (LNG) pipeline project to shipbuilding expertise as it seeks to smooth the path towards a tariff deal with the US by mid-June. Japan will tout its prowess in building ice-breakers, a growing area of need as security concerns…
Read MoreJapan aims to slash stockpiled rice prices to 2,000 yen per 5kg: farm ministry
Published Mon, May 26, 2025 · 11:07 AM [TOKYO] Japan aims to drastically cut stockpiled rice prices to 2,000 yen (S$18) per 5 kg and speed up getting rice onto shop shelves as consumers suffer from sky-high staple grain costs, the farm ministry said on Monday. Surging rice prices, due in part to crop damage…
Read MoreInterest costs fall for S-Reits in Q1, but US tariffs cloud outlook
[SINGAPORE] Interest costs eased for more Singapore-listed real estate investment trusts (S-Reits) in the first quarter of FY2025, even as looming US tariffs cast a shadow over their prospects for the second half of the year. Nearly three-quarters of S-Reits saw flat to moderate interest cost declines in Q1 compared to a year ago, said…
Read MoreAudience Analytics eyes growth in Vietnam, M&A opportunities
[SINGAPORE] Audience Analytics, an organiser of regional business awards and career fairs, is seeking growth in Vietnam with its recent investment in a business partner there, while looking out for merger and acquisition (M&A) opportunities. On May 15, the company inked a deal to acquire 30 per cent of Snowball, a Vietnam-based management consultancy, for…
Read MoreOracle to buy US$40 billion of Nvidia chips for OpenAI’s US data centre: report
[BENGALURU] Oracle will spend around US$40 billion on Nvidia’s higher-performance chips to power OpenAI’s new US data centre, the Financial Times (FT) reported on Friday (May 23). The data centre, situated in Abilene, Texas, is part of the US Stargate Project, led by top artificial intelligence (AI) firms in the country, to boost America’s heft…
Read MoreThe Hour Glass H2 profit falls 6% to S$74.4 million on increased operating expenses
[SINGAPORE] The Hour Glass has reported a 6 per cent drop in net profit to S$74.4 million in the six months ended March 2025, from S$79.5 million in the year-ago period. Revenue was at S$622.6 million, up 9 per cent year on year from S$571.3 million. Earnings per share stood at 11.48 Singapore cents for…
Read MoreFoxconn among potential bidders for Singapore chip assembly firm UTAC in US$3 billion deal
[HONG KONG] Taiwan’s Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about US$3 billion, two people with knowledge of the matter said. UTAC’s owner, Beijing-based private equity firm Wise Road Capital, has hired Jefferies to run a sale process…
Read MoreCyclical, structural factors can affect current advantage of US dollar assets although outlook is stable for now: MAS chief
[SINGAPORE] The outlook for the structural advantage of US dollar assets looks to be relatively stable at present, said Monetary Authority of Singapore (MAS) chief Chia Der Jiun at the Qatar Economic Forum on Tuesday (May 20). However, he cautioned that whether this continues to be the case depends on the fiscal trajectory and policies…
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