Posts by Yurie Miyazawa
Singtel 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 MoreTemasek sees plant seeds as a game changer to fixing the broken global food system
[SINGAPORE] Pulses, or edible plant seeds such as chickpeas and lentils, could be the transformative answer to a global food system that is under severe strain. However, while demand for pulses is rising, the yield has stagnated in key production regions, indicating a “failure of investment and of government policies”, said Anuj Maheshwari, managing director…
Read MorePulses MAY offer solutions to broken, outdated global food system: Temasek
[SINGAPORE] Pulses, or edible plant seeds such as chickpeas and lentils, could be the transformative answer to a global food system that is under severe strain. However, while demand for pulses is rising, the yield has stagnated in key production regions, indicating a “failure of investment and of government policies”, said Anuj Maheshwari, managing director…
Read MoreTime’s not ripe for SingPost to sell its flagship building
[SINGAPORE] The share price of Singapore Post (SingPost) said it all about investors’ attitude towards the national postal service provider’s latest set of financial results. The share price tanked 12 per cent on May 15 despite SingPost proposing a dividend of S$0.09 a share for FY2025 ended March, with the payout from the gain from…
Read MoreLabubu maker Popmart flagged for global expansion potential; CGSI initiates coverage
[Hong Kong] CGS International (CGSI) has initiated coverage on Pop Mart’s stock with an “add” rating, citing the group’s transformation from a toy retailer to an intellectual property (IP)-centric platform. CGSI set the price target for the Chinese stock at HK$249.60, versus its last price of HK$208 at Tuesday close (May 20). That represents upside…
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