Posts by Yurie Miyazawa
Changi Airport Group full-year net profit doubles to S$841 million
[SINGAPORE] Changi Airport Group (CAG) saw its net profit almost double to S$841 million for the full year ended Mar 31, up from S$431 million in the year-ago period. The 95 per cent rise in net profit takes into account “exceptional items”, including non-cash revaluation gains and the write-back of provisions by subsidiaries. Excluding these…
Read MoreLatest Singapore six-month T-bill cut-off yield slides to 2.2%
The auction received S$18.1 billion in applications for the S$7.5 billion on offer [SINGAPORE] The cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) fell to 2.2 per cent, according to auction results released by the Monetary Authority of Singapore on Thursday (May 22). This declined from the 2.3 per cent cut-off yield offered in the previous…
Read MoreFormer PBOC deputy governor Liu Guiping to head Bank of China: sources
Published Thu, May 22, 2025 · 12:31 PM [BEIJING] China will appoint financial veteran Liu Guiping as chairman of Bank of China, the nation’s fourth largest state-owned bank, two sources with knowledge of the matter said. Liu, who currently serves as executive vice-mayor of Tianjin city, will replace current chairman Ge Haijiao, who will move…
Read MoreGold rises as investors grow cautious amid US debt fears
Markets are now pricing in at least 50 basis points of rate cuts this year, with the first one expected in October Published Thu, May 22, 2025 · 09:30 AM [BENGALURU] Gold prices rose on Thursday (May 22) as investors leaned towards the safe-haven asset due to mounting concerns over the US government’s growing debt…
Read MoreSingtel returns to the black with S$2.8 billion H2 profit on exceptional gain, unveils S$2 billion buyback programme
[SINGAPORE] Singapore Telecommunications (Singtel) returned to the black with a net profit of S$2.8 billion for its second half ended March 2025, compared with a net loss of S$1.3 billion for the previous corresponding period. The turnaround came on a net exceptional gain of S$1.51 billion mainly from the partial disposal of its Comcentre property…
Read MoreNike to raise prices by next week, to return to selling on Amazon, media reports say
NIKE is set to raise prices on several of its products starting next week and will also return to selling its products at online retail giant Amazon, according to media reports, as President Donald Trump’s tariffs disrupt global supply chains and impact retailers’ profits. The company, which sources a significant portion of its footwear from…
Read MoreUS LNG loses ground in Asia as tariffs, politics stall Alaska megaproject
[SINGAPORE] Asian energy buyers are rethinking their long-term bets on US liquefied natural gas (LNG) – increasingly seen as a geopolitical lever – as tariffs, political risk and volatile costs cloud the appeal of the US as a reliable trading partner. Experts say this shift could open the door to rival exporters, as Asia moves…
Read MoreOil prices fall on news that US-Iran will hold nuclear talks
[NEW YORK] Oil prices settled lower on Wednesday, after Oman’s foreign minister said a fresh round of nuclear talks between Iran and the US would take place later this week. Prices had gained earlier in the session on a CNN report on Tuesday that US intelligence suggests Israel is preparing to strike Iranian nuclear facilities. CNN…
Read MoreWalmart eliminates about 1,500 jobs on technology team
The company has about 1.6 million US employees, making it the largest private employer in the country Published Thu, May 22, 2025 · 06:24 AM [CHICAGO] Walmart is cutting corporate staff in the company’s headquarters in Bentonville, Arkansas, and other offices, sources familiar with the matter said, as the world’s biggest retailer looks to trim…
Read MoreCapitaLand Ascott Trust prices S$260 million of perpetuals at 4.2%
HOSPITALITY player CapitaLand Ascott Trust (Clas) has priced S$260 million in perpetual securities at 4.2 per cent, it announced on Wednesday (May 21). The issuance is expected to be on or around May 28. The move is part of Clas’ S$2 billion multicurrency debt issuance programme established in September 2009. OCBC has been appointed the…
Read More